DAX broke out at first above the new long trendline but fall back late rthe day in the "normal " Long channel. I am afraid at the daily picture and candlestick it shows us a "shooting star" which COULD - not must be a bearish signal. But if its not confirmed signal is long already.
The Resistance zone at 7150 - 7170 (Nasdaq Future) has been too strong.(Orange colored) at the moment So it comes back to the lower support line i have marked as long trendline. If it holds we will going further up and Long is the Position. If it breaks we have to analyse the situation again
Now we are in a long position, fine to see is resistance as i mark now all resistance lines in orange. At 7170 around we have to check whether its breaks for further up and stronger long channel or not. But so or so at the moment its long. Next check we have to do at end of today market,
We are in long modus now again. But at its high (few minutes ago) you can see we are exactly at new added resistance line from 25.2. Lets check whether we can break that. But at the moment situation is long.
As we can see Nasdaq is much stronger than DJI. No really new Short signal. There is not a Short signal but the index is trending in a sideways range with some resistance to the upside. Also we have at the moment a small long channel where we are working, but whether that hold on tomorrow its not shure. Position is Neutral here at the moment. Maybe the next days...
Now the Dow Jones has established today a new Short signal and is going down in a new short channel. We have to check tomorrow whether its going out of this channel sideways now , or whether its going further down manufested in the short channel
Fine to see that today has been a fals breakout short and market recovered in the up channel. But its of course a sign of market is loosng power to the upside. We are still again in the up channel but nobody knows kow long that will be. At the moment better is no position and wait until recovery will be stronger or up channel will be lost at the end. The next day...
Dax has come back in the trend channel which is little bit to the upside at the moment. But the up Dynamic has gone now.
As you can see our support and resistance zones are exactly filled.
Its long but we have to check carefull the lower support line. If its break Investment should change to Short or Neutral
In Addition if we add a Regression Channel these channel indicates us a long Position, cause Channel is going higher. We have to check on Monday at end of the day whether that continous or not so adjust the Position maybe.
You are able to see Support and Resistance for Monday. At the moment the Regression Channel is going higher, so Position should be long in the overnight time. We have to check on monday whether this Channel continous to go higher or not.
Also we can see a Regression Channel which is going higher at the moment. We have to check whether that continous on Monday or whether its cut. At the moment its a LONG position.