FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

slightly out on dow res...had 17745
nipped in for a short at 17750 and also at 2076
dax not moving

 

[Dentalfloss]

nice dumps on dow and spx

will 2070 hold

 

[Dentalfloss]

2044 might break if it revisits

 

[Dentalfloss]

in the aqua area now
will it hold

 

[Atilla]

I think 2070 may just hold based on weekend deal discussions. ???? 50/50


I'm expecting a little sell perhaps towards the 2050s again. 51/49.


No break-down until either deal is thrown out or accepted and then LH and back down again. . imo

 

[Dentalfloss]

2070 might be res ...soon

 

[Atilla]

2074 still a big number

 

[Dentalfloss]

S&P affirms #Germany at AAA; Outlook Stable. Direct burden for Germany from Greek sovereign default would be absorbable.

 

[Dentalfloss]

good reason for a rally

 

[Atilla]

I would like to see a sell off. 2070-74 should be reasonable resting place.

It's not happening.

Sooo much for the 2052s. :whistling


I got so used to SPX behaving and now it's just not playing ball. :medieval:

 

[Atilla]

Sweet lil ol lady speaking...

Will be possible to raise rates this year! Oooohhh....

 

[Dentalfloss]

2078 area seems to be holding it...all the good news is out
now what ?
gap still not closed on dax...maybe

 

[Atilla]

No idea - neutral. All depends over w/e deal.

I would guess a yes for the deal but after last week up to Greek people and parliament.

I have shorts in for SPX from 2070 waiting to be hit.

That's it from me.
Tomorrow is supposed to be a scorcher.
Have a g8 w/e y'all now...

 

[MichaelJohnFX]

Very simple trend channel chart. We said it'd touch 10650 before rebounding to test the bears @ 11420 area. Dax has successfully done that now. Make or break next week. A rejection of the the deal proposed will see the dax see a huge sell off to that 11320-11450 area (450 first) where there is horizontal support and trend support. It was also a previous breakout areas. However, if that 10650 was to be the bottom we'll see an initial rally possibly to that 11620 area but the bulls would have to be tested (blue line)

 

[Dentalfloss]

elaborating on chronics chart
price is at trendline res on the candle chart
we are also at prev supp/pink horizontal aswell
to top it all we are overbought..long column of "X"s...thet does not mean it cannot climb higher..
marked the 50% if it retraces
just think at some point the bulls need to be tested

 

[Dentalfloss]

however

if we expand the time horizon

 

[Dentalfloss]

if you look at the lates column of "X"s ...an uptrend
look at the breakout point/aqua horizontal
does unsupported breakout come to your mind
look left...does dead cat bounce come to your thoughts...you will see a few of those on the chart on the way down ...unsupported upward columns of "X"s that turned into column of "O"s..downward trend

 

[Dentalfloss]

it could quite easily go to 11650 and possibly higher on a dead cat bounce
above that is real bull trap territory
lets see what happens
momentum to go higher is there

 

[Dentalfloss]

market has to decide if its a dead cat bounce or a rally that is supported
expect masses of volatility

 

[MichaelJohnFX]

Dentist, when you say area is 50% what do you mean by that?