FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

bouncing between chronics levels...will they hold ??

 

[NickBk]

^ no, we will get more fun and games this afternoon.
People made and lost money for the week and will be trying to push on or get it back later and at 13.30 will get it going and then people want to think about the grexit at the weekend.

So Dax will be fun, although my bias on the day is up.

 

[MichaelJohnFX]

Levels I'm seeing for tomorrow. Bear in mind this thing clearly has the ability to bloody tank.

Resistance:
11360-11380

Support:
11265-11285
11200/195 previous breakout area

11134 trend support

Picked out on 30, 15 and 5 min charts

Resistance hit of 11360 hit.Woke up to 160 points. Bingo.

 

[MichaelJohnFX]

Test of 11195 area then a bounce. Scalp long taken

 

[MichaelJohnFX]

None of those areas we had marked at 11265 held for long. Stops were kept tight however.

 

[Atilla]

Still below PP for me.

Bounced back from PP @ 11330.

R1 @ 11425 got rejected.

PP @ 11330

S1 @ 11210 holding for now. 11170 got probed.


Don't have much belief in the rally given the weekend and Grexit.

My bias is towards shorts but tough call.

 

[Atilla]

0.5 (exp 0.4)

Not much change at all.

Damp squib.

 

[Dentalfloss]

excellent morning...we had a negative bias from the open..

 

[Dentalfloss]

there we are

dax turned a bit nasty
activated downward count
res 11350 area
supp 11250 area as per chronics levels

 

[MichaelJohnFX]

11200 working well. Lesson for the future for anyone: when setting your initial resistance @ major resistance levels like 11200. Set it to 11185 or something for entry. Market always tends to spike to take out stops below that after an aggressive tank

 

[MichaelJohnFX]

Scalp taken from that 11200 area. Will short once we get to 11260 - 11280 area. Possible resistance. If not, 11300

 

[Dentalfloss]

we need to test that 50% area see if bulls are still around

 

[Dentalfloss]

dow wants to break downwards..imho
possible 17984 area

had it marked from 5pm yesterday

 

[Atilla]

I have 2097 as PP-S1 and expecting 2092 also to be tested.

We have an over-whelming dark cloud on one hour charts from yesterday and PP @ 2110 needs to be breached.

If 2100 doesn't hold it's down elevator for the SPX.

I had it as closing @ 2074 for the week. Suspense is killing me :cheesy:

 

[Atilla]

DOW looking very bearish to me too.

It's currently at PP-S1 and looks over-cooked.

PP-S2 @ 17925
PP-S3 @ 17855

Are targets.

May try for PP @ 18040. This is likely to be desperate move for the bulls to keep it above 18000 imo. If it closes down, will not bode well for next week. Those zeros are real mind benders.

 

[Dentalfloss]

all played out very nicely from the post yesterday/5p.10pm

the colujmn of "O"s below the aqua line has activated a vertical count of 11k area
trend supp is 11167 area
there are active vertical counts in both directions...so might not be achieved

 

[Dentalfloss]

 

[MichaelJohnFX]

Didn't get involved at the last test of 11200. Candles looked way too bearish. Took a short from 11276 and followed down to 11234. Not too sure whether trend support wil hold

 

[Atilla]

SPX limit sell orders hit. Come on 2092


Even 2074

 

[MichaelJohnFX]

Levels I'm seeing for tomorrow. Bear in mind this thing clearly has the ability to bloody tank.

Resistance:
11360-11380

Support:
11265-11285
11200/195 previous breakout area

11134 trend support

Picked out on 30, 15 and 5 min charts

Just about holding but I'm not getting involved. Much rather a bounce from the 11185 area