It was interesting to observe CAC40 this week. Despite the move down of DAX30, DJI, SP500, NSDQ, event Eurostoxx, CAC40 try to stick upside at a range between 44500 and 4500. MACD shows that there is no momentum, no more steam to keep CAC40 that high up. But STOCH shows that there is a try to keep it up at 4500 as if this range would be a proof of a healthy ...
The Chart clearly shows a double top pattern.... If we observe the RSI, it appears the there is a possibility that the bull trend can reverse and we may be on the eve of that reversal.
Confluence area is a bit higher, but price reached a polarity zone, where through the years changed from support to resistance enough times to mark her as area of interest.
Fresh visit to this area has most of the times the probabilities leaning towards to rejection, before maybe higher, gun the shorts - like mine - and go deeper inside the confluence area. In...
This is the third market where I see signs of a top. I still hold a bearish bias on Austrlia and England from their weekly charts (both are posted here on TV). As I said on the chart, it's important to understand that these are not separate trades, they all go together. Either they all work, or they fail. Holding a short in France and Europe is the same thing,...
Similar to DAX in recovery from extreme oversold. Medium-term I think we are in a transition period from extreme bull to sideways and down. Waiting for weekly confirmation.
One of the strongest national indices last days - worth watching on daily chart (small CMO divergence - so small correction very likely next few days).
In no mans land - Waiting for Godot:) Losing correlation with EURUSD. Could go either way. This will soon pass: grooveshark.com
next week (from AAII investors update): We will get an early glance on at fourth-quarter earnings as 15 S&P 500 member companies are scheduled to report. Included in this group are FedEx Corp. (FDX) and Oracle Corp. (ORCL) on Wednesday;...
One to watch for Europe. For now orange dotted horizontal line held - bullish above green h.l.. Fib speed fans, EMA-s & orange trend line as support. EMA-s on daily chart as resistance. www.youtube.com
