FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

keep a track on the dow
its very close to a biggish res area/pink horizontal
cluster area below/orange horizontal
need to see how it deals with resistance if it gets there..only 50 points away..approx

the same pivot area on the same date 21/08 starts at 2006 area on spx....dow is the nearer one to res area
spx has a massive pivot area underneath 1945-1955 area

 

[Dentalfloss]

some possible pivot areas on spx
brick wall at 1985-1996/red

 

[MichaelJohnFX]

That 2006-2016 area would seem about right for a possible reversal area if we're to follow history

 

[Dentalfloss]

dax into the open
a pump or a dump/pink
a mass of support underneath/aqua
could go to 10522 then 10646 area...if aqua breaks

support starts at 10229

 

[Dentalfloss]

That 2006-2016 area would seem about right for a possible reversal area if we're to follow history

ok...
but no big news coming out...as yet.uneless China again...lol
above 2027 there is a huge amount of space to the next cluster area at 2069....cold feet in that area ??
2027-2069....40ish points...bulls will have to sweat out that area...lol

 

[MichaelJohnFX]

Lol looks like it's already started dumping. Tomorrow should be interesting

 

[Atilla]

Good morning all,

DAX - Daily PP Levels

Still trying to recover from downward trend that started in April.
Recovery is at previous S/R trend line (green).

We are also below PP @ 10292 (red line). Ultimately, PP @ 10300 has to be our target for today.

The pull back - bulls test didn't arrive on Friday but overnight with Shenghai down 2% (was 3%) so some recovery on the way.

fwiw - thinking today's action will be between PP-S2 @ 10087 - 10400 PP-R1 and this could determine way forward. Monday's on average tend to be bull days so would be expecting a pull back to Fib retrace to 10460-10400 regions is probably on the cards still.

 

[Atilla]

SPX - Dail PP Levels

Expecting the same from SPX moving in the range between PP-S2 @ 1959 (which was pretty much tested overnight and PP-R1 @ 1999 which I believe will be target. Effectively bulls haven't given up on 2000 which is a key pscycho level.

If 1959 is breached we'll quickly see 1949 for some panick selling. An if S3 goes too then 1900s shouldn't be too far behind.

1974 is a key level to watch too (highlighted on chart). It may be more significant than our 2040-50 range for the 1900s.





Splendind Bank Holiday down here on the coast... wet wet wet!

 

[Atilla]

Blimey German Retail Sales m/m just rocked the DAX...

Strong @ 1.4% (exp -2.3%)

 

[Dentalfloss]

mornin all
another weet bank holiday

 

[Dentalfloss]

dax over the last week
one way ticket

 

[Dentalfloss]

columnof "O"s with" 28 and 31"
yhat could be a top forming...or just a pullback in an uptrend...cannot tell as yet
as we said...could go either way
big supp area at 10043 on chart posted

 

[Atilla]

I concur - if 10150 doesn't hold DAX can easily test 10087 and can go either way.

9:00 & 10:00 Italian and CPI data coming out.

Thinking until then it's likely to be range bound on this 10170-10220 area.

Narrowing BBs in 50 tick range on 15m charts.

 

[Dentalfloss]

spx into the open

 

[Dentalfloss]

spx also difficuklt to tell if its a top or a pullback
1950 area..a big cluster..if it tests ..then the bounce might be important
there is a breakout point above at 1965 area..
breakdown area /orange is 1970-1976
trend res at 1981 area/red
1940-1950 supp/horizontal
last signal was bearish

 

[Dentalfloss]

1 min candle
dax in a minor downtrend
spx 1 minute
rangebound...but testing res at 1976

 

[Atilla]

Shanghai now just 1% down. Pulling back previous falls strong finish...

 

[Dentalfloss]

oil needs to test the bulls...a bit more..imho
maybe euro cpi numbers ..the biggy ??

 

[Dentalfloss]

dax 1 min now a bit more positive
10240 if it pops out of 10214

 

[Dentalfloss]

a nice pop ...for a quick sclap