Jessi_trader
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IMHO between 18450 - 18550 ... DOW is damn good sell... will wait a bit...
FTSE, DAX, DOW Trading Ideas and discussions
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Jessi_trader
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Atilla
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There is real fear in the markets imo and I have fear too. I may be wrong and I may not be alone. So expecting volatility, pull-back and consolidation.
Market may go up on low volume. At these levels will be taking a few punts to catch the big one.
I think DAX likely to try and take out 12000-200 regions again. If it makes a HH above 12300s then we may see pigs fly.
Not like the ECB to flash money around. So I'm guessing they too are pooping in their pants.
We live in fantastic times 👎
Jessi_trader
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Agree Atilla
Indecision and confusion gonna create lots of volatility. However, market always have tendency to test near by (long term) resistance/support if they exists ....
7th May bounce was quick and solid at weekly support and I now expect to test weekly resistance which is not too far... it may be that we see a big failed spike..or may be slow grinding as usual on low volume....
Jessi_trader
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from the speed, I expect DOW to shed at least 400-500 points from 18500 level if at all DOW gets there...
Dentalfloss
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Dow into the open
areas to watch for
we either break higher or we bull test
areas to watch for
we either break higher or we bull test
Jessi_trader
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regarding DAX 12000 can damage many sentiments in the market... so appears tough to me so far...but you never know.
IMO 11900 is tough nut to break....
IMO 11900 is tough nut to break....
Dentalfloss
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dax possibly needs to unwind
Jessi_trader
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Jessi_trader
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Green - Trend change indication
Yellow - Short positions
Tan - Test or short cover????
Yellow - Short positions
Tan - Test or short cover????
Dentalfloss
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what levels ??
Jessi_trader
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Short DAX 11821.. I am shorting small positions...
Jessi_trader
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Below 12200... trend change indication
between 12000 - 11900 shorting... see the flags and rising channels in the chart
2nd test of 11200 and price jumped sharply... it can be short covering or test of 11900.. we will know shortly....
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Atilla
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Strong US Building permits and Housing starts will reflect well on EU and poorly for US imo.
Fed rate hike fear will take Euro lower and benefit EU equities coupled with cash flash ECB DAX likely to test the highs imo.
Jessi_trader
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Jessi_trader
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4 hrs chart overbought already at resistance line....will put stop @ 60
EDIT: overbought
EDIT: overbought
Dentalfloss
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a quickie..cable lookin oversold
gbpjpy in the zone
gbpjpy in the zone
Jessi_trader
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Jessi_trader
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yup....nice long could be at 430-450 level
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Dentalfloss
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anice move down premarket to test the 18306 we talked about earlier