FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

Anticipated long elevator ride down. Is this the beginning?

Nail in the coffin would be Fed raising rates.

We've also breached support for SPX @ PP-S3 @ 2079 and DAX @ 10749.

So not sure from here. Will maintain short bias but some show by the bulls required.

Otherwise switch to Daily/Weekly PP levels in order.

 

[tokyojoe]

gone along way without a decent bounce, not long just saying

must admit, when the 50% was offered at 3.30ish (1 min) I was tempted, did not enter thank God, It just felt like it was going to gun down for that complete 40 point area.

I missed the 3.10pm'ish short op at 760, looked a bit of a pop area & I often feel these areas are too obvious.

Anyway if you caught that 80 point move down thereafter, nice work

 

[srinivasan431]

100 points corrective up move possible in Dax it seems...

 

[srinivasan431]

SnP remains better than all other indices is good sign or it is going to have the sudden dip anytime around? any view by any one?

 

[Dentalfloss]

SnP remains better than all other indices is good sign or it is going to have the sudden dip anytime around? any view by any one?

nothing new
spx just retraced to the breakout point
aqua line

 

[Dentalfloss]

we wuz ready for that...cos we mark out those areas premarket

 

[Dentalfloss]

dax
dump area at 10818 marked..note it was prev res

 

[Dentalfloss]

100 points corrective up move possible in Dax it seems...

10728-10746 area..prev supp
10764 area
10782 area
thinking that we get alot of movement pre fomc release...like 5 mins before

 

[scholfield]

ss 2081 ES
stop at 83.5

 

[MichaelJohnFX]

Dovish. Lol August is going to be even more Dovish.

 

[Atilla]

Fed easing off rate hike in Sept. General agreement.

Back to kicking cans down the road.

Will we retrace back to PP0 old levels???
fwiw Don't think so.

All eyes on earnings in following weeks.

WTI oil seeing a small bounce off $40
Gold's reached 1130.

Should see some upside next.

I'd say same again tomorrow but don't think so. Probably rise into the weekend.

 

[Dentalfloss]

another manipulation down and then a pump
nailed the lot
it was just a matter of what level the retrace
spx...the prev breakout point as marked
dax into the 10650 area
out at 10740 as per earlier chart posted
spx closed afew mins ago

 

[MichaelJohnFX]

another manipulation down and then a pump
nailed the lot
it was just a matter of what level the retrace
spx...the prev breakout point as marked
dax into the 10650 area
out at 10740 as per earlier chart posted
spx closed afew mins ago

They can't fool us

 

[Atilla]

Dzień dobry - (Polish)

DAX -Daily PP levels...

Testing lower lows and have PP-S1 @ 10579 which we may see before bulls come in. US and Asian markets failed to lift and looking well subdued.

As well as LLs we are making descending triangles/wedges which are also bearish.

On the upside we have PP-R1 @ 10856 approx 200 pips away.
If DAX can hold PP and maybe close above 10754 it would be a good positive sign. Otherwise, falls and LLs will continue.

 

[Atilla]

SPX - Daily PP Levels

Edging down gradually. Have we given up on the 2100s??? Testing the lower ends of the narrowing range and likely to continue testing LLs same as DAX.

Considering Asia, Europe and US are down expecting trend to continue and looking to short any rises.

PP-R1 @ 2096 - upside
PP is at 2083
PP-S1 @ 2065 - downside

Anything around the 2040/50s should send some red lights off somewhere...

 

[MichaelJohnFX]

Morning.

Cheeky poke down from dax again this morning - touched 10600 =/

Areas:

10780 trend / horizontal support
10590 horizontal sup
10370 sup
10660-680 res, breakout point this morning

 

[Atilla]

LLs in already. Great stuff...

 

[MichaelJohnFX]

decent bounce off 590 just out.

 

[Dentalfloss]

dax
5 min over the last 2 days
at ad oversold

 

[Dentalfloss]

a closer look