DAX is on the 3rd straight green 1D candle after it almost hit the 1D MA200 (orange trend-line) last Friday, which is intact since November 10 2022. This rebound comes as a natural reaction to the long-term Support dynamic of the 1D MA200 as well as the presence of Support 1 from the July 07 Low. As long as it holds, we will take it as a buy opportunity and...
The S&P500 index (SPX) hit our 4350 Sell Target that we set on last week's idea (see chart below) and immediately started a two day rebound: This rebound is taking place just above the 1D MA100 (green trend-line), with the 1D MA50 (blue trend-line) as the Resistance. We've mentioned countless times that the long-term pattern is a Channel Up since the October...
Dow Jones is having the strongest pull-back since late May, so far still within the technical boundaries of the 5 month Channel Up. In doing so, it is only a few points before hitting the 1D MA50 (blue trend-line), which has been intact since the July 10 Low. Despite that contact, the index hasn't closed a 1D candle below the 1D MA50 since June 01, which was at...
Nasdaq (US100) completed this week the first MACD Bearish Cross since September 2022 and is the leading technical cause behind the recent two week correction. The 1D RSI got rejection on the exact same level as August 24 2020, which was prior to a similar MACD Bearish Cross that corrected almost as low as the 1D MA100 (red trend-line). As a result, it is possible...
Last week we gave a sell continuation signal on the S&P500 index (SPX) after the price failed to break above the short-term Resistance of 4H MA50 (see chart below): As the price hit the 1D MA50 (blue trend-line) last Thursday for the first time in 3 months, the index found its first long-term Support level. Along with being near the bottom (Higher Lows...
It's been almost 1 month since we last gave a signal on Nasdaq (NDX), hitting the 15900 target (chart below): The setting is different now, as the index hit yesterday its 1D MA50 (blue trend-line) for the first time in almost 5 months (since March 15). This isn't a buy signal yet as yesterday's 1D candle closed marginally below it. Another candle closing...
The FTSE 100 Index (UK100) is consolidating above the Support of the 1D MA200 (orange trend-line) with the 1D RSI at 66.250. This is the symmetrical level is was trading at during the November 04 - 09 2022 consolidation. Both near the 1.5 Fibonacci extension level. That fractal eventually broke upwards, hit the Lower Highs trend-line (the dominant Resistance) and...
S&P500 is having a short pull back today after crossing over Resistance 1 (4515). Despite the constant rise, it remains inside both the yellow 4 month Channel Up as well as the wider one from late last year. This bullish wave draws similarities with May-June. Trading Plan: 1. Buy on the current market price. 2. Sell if it crosses under the MA50 (1d). Targets: 1....
DAX formed today a Golde Cross on the 4hour time frame for the first time since June 7th. The last 3 4hour Golden Crosses inside the large Channel Up pattern have been buy signals that targeted a little under Fibonacci 1.236. The 4hour RSI is also having a consolidation similar to those previous fractals. Buy now and target 16550. Previous chart: Follow...
Dow Jones (DJI) has been on a bullish leg after it broke above the 1W MA50 (blue trend-line) and turned it into a Support. If we see the bigger picture on this 1W time-frame, we can relate to the 2015 - 2016 fractal, where the current sequence was the final bullish signal before a 1 year expansion phase. Even the 1W RSI patterns are identical and the Arc appears...
This is a very informative analysis using the SPX/DJI ratio. In recent decades this has helped at identifying recession and expansion cycles. As this chart shows on the 1M time-frame, after each crash since 2000 and the Dot Com crash (Housing crash, China slowdown, Brexit, Oil Crsis, Trade War crash and the more recent Inflation Crisis), the ratio started to rise,...
S&P500 reached the top of the four month Channel Up, remaining on heavily overbought technical indicators on the 1D timeframe (RSI = 75.225, MACD = 61.680, ADX = 45.310). As the 1D RSI is close to hitting the HH trendline that goes as back as November 2022, we expect a pullback, at least on the short term inside the Channel Up, first to drop the overbought...
DAX is on a marginally bullish 1D timeframe (RSI = 56.008, MACD = 24.500, ADX = 26.521), which indicates that there is still significant upside potential to the rebound that started on the July 7th Low. That Low may have been a HL on the long term Channel Up but also a LL on the two month Channel Down. The 1D RSI is also at the top of its Channel Down, so in order...
Today's focus: Nasdaq /NDX100 Pattern – Ascending Triangle Possible targets – 15,600, 16,500 Support – 15,000 Resistance – 15,220, 15,250 Today we are looking at the Nasdaq/NDX100 as price sits in a continuation pattern just below key resistance. This is an interesting set-up as we have key US inflation data coming out today, and interest rates remain a...
DAX40 H4 & D1 Starting to see rejections from this 16300/350 price, I would like to see us pull down towards that 16000 whole number price in the short term before then maybe seeing something even deeper on a higher timeframe basis. We have indicated an entry (albeit a little late, apologies) for the H4 entry, and also marked the D1 timeframe for reference and...
DAX is trading on a Rising Wedge pattern inside a Channel Up, whose 4H RSI just hit the 1 month HL trendline. The 1D technicals remain bullish (RSI = 58.718, MACD = 105.900, ADX = 38.304) hence the long term trend upwards. As long as the 4H MA50 holds, our target remains the top of the Rising Wedge (TP = 16,100). ## If you like our free content follow our...
Looking for expansion to the downside after price took out buy side liquidity
Anticipating an expansion higher to take out the relative equal highs. Setup is a 1:12 Risk/Reward