let me first clarify: "i got cold feets traders - & closed my both long positions in AXP & GS"! I am thinking that we will can buying both shares a little bit cheaper, in the next few days :shades: ... In the YM1! i am still long, not only `cause the sentiment is by far not so euphoric even like in the banks & financials. And by the way the chart is also...
Above 18919 still short-term upside trend purple upside trendline (from 11/11 18683 & 11/15 18754) purple sideway trendline (from 11/14 18919) I would still prefer to trade the long side, after Trump election (zoom back @ chart) 19020 Points are a good entry capability, if the prices are comming back 19012 Points are a good entry capability, if the...
From the technical point of view, the E-MINI DOW JONES FUTURE is in an intact slightly optimistic upside trend. I am pretty kosher bullish and would prefere to buy back above 19000 - even between 19150 & 19100 ... I don`t think that US Labour Data or even FED Chair Woman Yellen will stop this trend !? Take care & analyzed it again - it`s always your choice...
Similar levels of extreme Overbought, corroborated by a 16 bar rise post-Brexit.
As long As the dowjones (US30) is trading over the last defence line at 18950 expect price to keep his bullish trend only the break under this level would cancel this scenario and take us short
As long as price hold over the 17950 expect price to move higher only the break of this level cancel the bullish trend and take us short
As long as price holds under the 18010 expect price to move lower only the break of this level as its the last defense line would cancel the bearish senario
Price is still ranging waiting a clear break out time will come this week as for that the break over 18150 will long break under 18040 will short
There's a possible triangle in wave {iv}, so bulls are likely going to deliver wave {v} of 5
signal is to go short only the break over 18150 would cancel the bearish senario
Wave {iv} is likely going to end soon, so we can have another bullish impulse shortly
There's an opportunity to have a diagonal triangle in wave 5
There's a possible extension in wave iii
There's a possible extension in wave iii, so bulls are likely going to push the market higher soon.
It's likely that wave going to end, so there's an opportunity to have wave of iii soon.
There's a possible departure point of wave iii.