FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

was reasonably bullish since we had that bull flag marked yesterday...that does not mean it will break
was waiting for confirmation...that came when downtrend got taken out
the end result does not mean too much because there is no new activated upside vertical count....as yet
lets see what happens

 

[Dentalfloss]

SPX trend into the open

 

[MichaelJohnFX]

if 10750 area holds, there is a possibility it could pop to that 10810 area.

 

[Atilla]

I'm thinking with the ECB talking up the markets with promise of more money and rates dropping all around us like snow flakes, a good xmas is in store for us.

Spend spend spend...

Feeling positive vibes indeed.


Sh1t storm and floods can be postponed to Jan/Feb :cheesy:

 

[Dentalfloss]

oil was the lagger
change of trend yesterday...markets started to rally

 

[dowsp]

Its a slow sideways Market on the US Indices...Probably awaiting a Fed Interest Rate decision at 18.00 hrs UK..

Will we see a further rally or decline...

I have two other long terms cycles in today..which I think look like Highs..so I would be looking for a break below yesterdays low or any new low put in today prior to the the Fed announcement.

I get the impression a possible double top formation may form between the 23rd and today.

A clear break above the High on the 23rd Oct of 17680 ish would make it hard to decide..but my next high price target on the Dow would be between 17888 to 17930.

If we get weakness over next 2 days...I am thinking we decline at least into Nov 5th / 8th

Times for US reports today..marked *** or *****

12:30 USD Goods Trade Balance (Sep) -58.63B -64.90B -67.19B
14:30 USD *** Crude Oil Inventories 3.417M 8.028M
14:30 USD EIA Weekly Distillates Stocks -1.683M -2.622M
14:30 USD Gasoline Inventories -0.817M -1.518M
14:30 BRL Foreign Exchange Flows -1.36B
17:00 USD 5-Year Note Auction 1.467%
18:00 USD ***** FOMC Statement
18:00 USD ***** Fed Interest Rate Decision 0.25% 0.25%
20:00 NZD Interest Rate Decision 2.75% 2.75%
20:00 NZD RBNZ Rate Statement
23:50 JPY Foreign Bonds Buying

 

[Dentalfloss]

I'm thinking with the ECB talking up the markets with promise of more money and rates dropping all around us like snow flakes, a good xmas is in store for us.

Spend spend spend...

Feeling positive vibes indeed.


Sh1t storm and floods can be postponed to Jan/Feb :cheesy:

i will drink to that...
mines a pint of Heineken

 

[Dentalfloss]

a clearer veiw
$44..00 res ..needs to be supp
looks reasonably bullish

 

[MichaelJohnFX]

Price is coiling . 10765-10770 area for the first test

 

[Atilla]

a clearer veiw
$44..00 res ..needs to be supp
looks reasonably bullish

I was thinking with rates dropping China and India are clearly showing determination to continue stimulus along with EU.

US & UK doing reasonably well so all positive for oil. Bounced off 40 before.

48-52 possibilities imo.

 

[Dentalfloss]

44.00 res got blown out..quickly

 

[Dentalfloss]

needs to stay above 44.00

 

[Dentalfloss]

2076
10800
we are goin to the moon

 

[Dentalfloss]

oil..completely over extended.....fingers on buzzers !!!

 

[Dentalfloss]

spx...dax...dow
dont guess the res
the market will tell you when
excellent movement from our bull flags we called

 

[Dentalfloss]

we had change in trend on oil marked this morning
and a bull flag marked on gold
humming nicely

 

[Dentalfloss]

44.80 prev res...needs to be supp
also 45.50 now

 

[Dentalfloss]

another rinse for the bears today

 

[f2calv]

Are we expecting 810 area to act as a resistance now, or back down to 780 area?
Thinking this might be too much bull *before* 6pm fomc announcement, or we sell the news...

 

[Dentalfloss]

Are we expecting 810 area to act as a resistance now, or back down to 780 area?
Thinking this might be too much bull *before* 6pm fomc announcement, or we sell the news...

if you tighten the stop.....according to the volatility is better...imho
also range expansion of the lows against your long position