Trading with point and figure

[Dentalfloss]

above 2160 is rez...supposedly
2154 first supp area

 

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ftse now in mega rez
lets see how it handles it

 

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if 2160 is rez ??...then ??
Atillas 2157 pivot..better

 

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dax

 

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first supp 10384 area

 

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spx
2166-2170 should be mega rez

 

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ok...so now we have a feel where mega rez should be

 

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spx over last 2 weeks
alot of rubbish taken out

2166-2170 area mega rez/red
trend supp 2149/aqua

 

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rez ...just about holding
could break

 

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rez ...just about holding
could break

broken
lets see where it pullsback to

 

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The Week Ahead - Bullet point highlights: 3 to 7 October 2016

- US labour data top the week's economic data schedule, with Japan's Q3 Tankan, and Manufacturing and Services PMIs globally offering the early highlights of the week. Industrial Production readings from UK, France, Germany & Spain are accompanied by German Factory Orders, Japanese Labour Cash Earnings, Australian Trade and Canadian labour data providing the other highlights. US Payrolls are expected to pick up slightly to +170K, the Unemployment Rate to be unchanged at 4.9%, while Average Hourly Earnings are seen pickign up to 0.3% m/m 2.6% y/y from August's 0.1%/2.4%.

- China is closed for National Day Golden Week all week, while Jewish (Rosh Hashana) and Islamic (Muharram) New year and Germany's Tag der Deustchen Einheit will thin trading conditions to start the week.

- On the policy front, Australia's RBA, India's RBI and Poland's NBP are all seen keeping policy on hold, while the ECB publishes the 'account' of its September policy meeting. The week ends with the annual IMF/World Bank meetings, where financial systemic risk is likely to top the agenda, above all given ongoing concerns about Deutsche Bank. The UK's ruling Conservative party holds its annual party conference, with speeches by Chancellor Hammond and PM May being closely monitored for further information on Brexit plans and indeed the Budget outlook. In the US the Vice-presidential nominees hold a TV debate.

- The UK tops the govt bond auction schedule with £2.75 Bln 2022 and £2.0 Bln 2047 Gilts. In the Eurozone, Germany sells EUR 4.0 Bln 2026, France sells up to EUR 7.5 Bln total of 2026, 2031 and 2066 OATs, while Spain will sell ca. EUR 4.0 Bln of 2021, 2026 and 2037, and Inflation-linked 2021. Japan sells 10-yr conventional and CPI-linked JGBs.

- The corporate earnings schedule will continue to be modest and features Constellation Brands, Monsanto and Yum! Brands.

..........................................................................

Marc Ostwald
Strategist
ADM Investor Services International

 

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ftse..general look

 

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Ftse on Friday
pivot area marked

Germany closed on Monday for beer and Deutsche bank

 

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FTSE
a clearer veiw of rez

 

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more defined
either...a pump or a dump
or..
a fake above 6950

 

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any pump..
pullback needs to stay above 6875-6900
lets see what happens

 

[Dentalfloss]

if we can get above 6950..then might get some decent sell signals

 

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spx into the open
pump or dump...last signal was bearish
a stack of of overhead horizontal rez
pump or dump zone is 2170-2174..we highlighted that on Friday..up to area
supp should be in 2163-2167 area

2157 mega supp area
we could get a fake bullish signal above 2176 area into 2181

 

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DAX
lookin a tad more bearish
2 active downside vertical counts..got a bit more bearish from 26/09

10490-10500 supp
then 10465-10470

 

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OIL
stuck at rez

horizontal supp goes down to 47.00 area