About meTrading and investing to generate income and manage my savings.
Focus on equities (US, EU, UK and Asia randomly), futures - index and precious metals - and options.
Split engagements - strategic mid-long term (80%) and opportunistic (20%).
Head and shoulder pattern completet. Holding at the lower longer term trendline. RSI confirming a meltdown in volatility and volume is low as well.
Nevertheless, it looks like the future will break the lower trendline and the RSI continue its way towards the lower oversold line. Interesting will be to see the increase of volume, which would provide and indication...
FDAX opens already with a gap of nearly 80 points lower from Friday's close. My early target was between 12'290 - 12'300, but should this be a high volume day, then even a further 100 points loss if not even more is possible (today or the next 2 days). Breaking all previous points from this point on could mean a test of the lower trendline of the long term trend,...
Looks like CL crossed the lower trendline. Slight divergence RSI confirms a stable upwards trend (best seen on the weekly). But both MA coming closer again on the daily, where 50 seems might cross the 200 MA in the coming weeks. Should the drop here continue (even after a short rebound towards the lower trendline and 50 MA, but not crossing them), will we be...
I am still bearish for the NQ. Even though it had bit of recovery in the last hour on Friday, the future didn't achieved to go above the 7450 again. The underlying index looks even worse. RSI on the daily in downtrend. As well the other leading US index futures on YM and ES in the direction downwards (for YM I even think it can lose some 1000 points over the...
