FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

spx stopped out on bounce from our cluster
for a good run

 

[Dentalfloss]

dax 1 min

break at 8.20 am today

 

[Atilla]

DURR !! cannot even spell Eliot

That's nothing m8, I've yet to see you spell Attillaa correctly and it's daily staring you in the face. 😆

As for Friday, 'bear' in mind, eating food helps you drink more. By simply resting above the table as opposed to sliding under it. 😀

 

[Dentalfloss]

dax suddenly looks a bit more bearish

break of minor uptrend/green
downward vertical count
but masses of supp underneath
needs a breathere after 1000 point rally...lol
10285
10255 res areas
needs to stay below 10300

 

[Dentalfloss]

spx..range

1981 minor res area
1 min data

 

[Dentalfloss]

1979 prev supp on 1 min
dax and spx just testing the range

 

[MichaelJohnFX]

If it stays above 10200, I have 10481 on my charts. Not for today but for sure next week.

 

[MichaelJohnFX]

Not really an Elliot wave guy, but move down this morning could have been a wave 4 correction lol in simple terms. Looked like it on the 4 hour chart.

 

[Dentalfloss]

spx in a difficult area
prev supp on way down
near "28" on chart is bullish signal which has recoiled
ideal make up for a bull trap

in p/f terms...a bull trap is a bullish signal that shoots out the other end...ie a fake
we will not know its a trap untikl it breaks below 1968 area
this is now another cluster area on the downside..could be biggish supp
2000...Attillas pension bet makes chart bullish

 

[Dentalfloss]

staying below 10300
now what ??

 

[Atilla]

S1 @ 10220
S2 @ 10085

As always waiting on queue behind US open...

 

[Atilla]

Kool chart on the way for SPX...

Work of art 😎

 

[Atilla]

SPX is in no man's land. Beware!

As with 2074 level 1974 is today PP. Looking at Fib retracement and either side of PP, we are effectively between 50-61% (blue numbers).

If we do peak to 2000+ this week, I'd be well surprised and shocked and will go back to taking my valium. More shorts will follow in synch with more twitches on my cheeks. 😆

Also, looking at the down-side (so no one can say I'm all bull), 1955 is so attractive it's a big turn on for a resting place. Been tested enough times up and down.


So SPX is clearly a dead cert between an attempt for 2000 coupled with a pull back to 1950s.


Anywhere on that PP is no mans land. Above PP buy, below PP sell.

Will I buy? No

Will I sell? Yes, especially off R1s or 2000 line. Stops somewhere above 2010s.


Good day today. Sun is out. 😎

 

[Atilla]

Wait there is more. I'm on a roll. 😆

For the techies, there also is a complex H&S pattern indicating a reversal, that seems to have played out it's self to the full (in blue).

Another reason to beware of bulls. Exhaustion comes after a lot of bull as we all know.


👎

 

[Local1]

spx making a run for it... will run out of petrol again on way up??!!

 

[Local1]

http://www.bloomberg.com/news/artic...-panicked-japanese-day-trader-made-34-million

 

[Local1]

wedge formation on 5 min dax ready to go one way or other....

 

[Dentalfloss]

afternoon all
nice lunch ??
ready for a dump ??

 

[Local1]

afternoon all
nice lunch ??
ready for a dump ??

looks ready difficult to get in, lacks momentum

in Atilla's no mans land 🙂

 

[Dentalfloss]

1986 area
res/trend and horizontal
1980/prev supp
lets see how it deals with 1986 area
then 1995
then 2k