FTSE, DAX, DOW Trading Ideas and discussions

a pop or a drop from our mauve line on spx chart...it dropped...oco
points taken
as we said..was going either way
 
price now stuck at a minor res
moving averages have turned upwards
quite a few trend and horizontal supports showing up
prev res/pink at 10100 area
10k psycho res
9566 area prev breakout/aqua
9930-9942 trend supp
down to 9900/thick green
still is a bullish recoil in a downtrend
lets see if bulls come in at 9930 area
 
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signals from 1 min data

ic1qo3.gif
 
price was stuck at minor res as we said at the open
there was an inkling of a possible new downtrend
signal came on consecutive/break of pink horizontal
as we said earlier..it was going either way...even though chart looked a bit bullish
keep to a neutral bias..imho
 
here is how dax looked on 1 min
went into our 10k psycho level...then started to breakdown
note how the pink horizontal became res....bears went in for a kill

1zdc3l1.gif
 
you can see that we got a bullish signal/aqua
that went into our 10k psycho area...so we were looking hard for a failed signal
and we got it
price at horizontal res now
 
Long 9767

Edit // ouch that could be seen as a bit of hindsight. Make of it what you will :)


257ht79.gif

horizontal supp area to hold...
big cluster area at 9883..bull test in that area..imho
chart inputs really give a good feel of the price action
 
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