FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

2 scenarios for tomorrow...

We either break that light red line which will mean that upward trend is clearly defined and we possible head to 10600 or we keep within the edge and break lower. Should be clearer overnight..

 

[MichaelJohnFX]

Pretty accurate - Market God lol she predicted the move down this week haha

 

[Local1]

that was brutal last hour, got caught buying the dip, paid the low then it rallies!! typical hey.

utter bear trap, shake out.

 

[Local1]

wouldn't be surprised to this rally hard next week back to 11K.

bears look punch drunk

10650 tomorrow

 

[MichaelJohnFX]

Morning
10300 area support

 

[MichaelJohnFX]

Dax looks like it wants to puke at the open on the hourly from wedge posted yday

 

[Atilla]

Bună dimineața - (Romanian)


DAX - Daily - PP Levels

Back to our LL & HHs chart and carrying out Fib retrace (blue) on closing prices gives a good indication of key levels along with Pivot Point (red) number.

We are above 10K which is positive imo, considering our LL expectation was totally overshot with test of 9300s.

Thinking we'll trend sideways trying to hold PP @ 10300 and perhaps test both

R1 @ 10436
S1 @ 10220

fwiw expecting continued upside as the Swiss just announced 0.2 growth in GDP against expectations of -0.1% contraction. UK GDP numbers also out at 9:30 and this should help with setting direction for the day.

 

[Atilla]

SPX - Daily - PP Levels


I'd put my pension on that SPX will test 2000 today. Has to having made the run from 1850s. Will it breach it and make it to PP-R1 @ 2010??? and close above 2000?

That's the $6m dollar man question?

US Trade data coming out at 1:30 so that should be mover imo with respect to rate/dollar question on BoP which will be a big factor for Sept decision.

 

[Dentalfloss]

dax over the last 2 days

 

[Dentalfloss]

dax chart
not that much happening
trends are marked
2 big pivot areas containing the price
aqua and pink
trend is up
last signal was bearish

 

[Dentalfloss]

spx..a real hummer of a chart..comin up

 

[MichaelJohnFX]

Slight downward trend on the hourly had started forming on the Dax

 

[Dentalfloss]

spx over the last 2 days

 

[Dentalfloss]

Slight downward trend on the hourly had started forming on the Dax

as we said last signal was bearish
..but price is rangebound between pivots marked

 

[Dentalfloss]

spx chart...do ya notice anything ??
well ...
price action is vertical

 

[Dentalfloss]

spx has been the better one over the last 2 days
a few good dips and a few great rallies
remember p/f thrives on volatility

 

[Dentalfloss]

spx over the last week
trends marked
latest trend is bullish/aqua
possibly starting to break downwards
plenty of horizontal support underneath

 

[Atilla]

2000 is major battle line.

Should get rejected soon enough.

Luke I am your father

 

[Dentalfloss]

with such a vertical upmove on spx...would you like to carry long positions over the weekend ???
64k question

 

[Dentalfloss]

dax chart
not that much happening
trends are marked
2 big pivot areas containing the price
aqua and pink
trend is up
last signal was bearish

some decent downward movement
watch those pivot araeas
10231 area horizontal supp
10255 bounce area from Local1