The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the...
After a nervous start and breaking through the previous day's low (17716) and the lower Bouhmidi bands (17678), a relaxation in the form of a reversal towards the range of the previous day is emerging around noon. This is initially a positive sign! The next intraday targets are: If defending the previous day's low: 17761/17863/17996 If falling below the previous...
After the initial balance, we see that the index continues its weakness and has broken through the 1 Bouhmidi-Bands and the point of control (POC) of Wednesday . Today, the previous day's low and the 1.5 Bouhmidi-Band converge at 5138. A test of 5138 is possible with even a reversal towards the BB range. I also now include TPO charts
SPX - Nice trend day in play. After defending previous day low we moved higher and breaking previous day high. Bull Puts on 1 + 1.5 sigma #BouhmidiBands working out fine today.
S&P 500 fell below the important level of 5200 and below the lower BB as well as the previous day's low after higher inflation data then expected. Now right after initial balance, we see a reversal towards the bandwidth. If the level is not reclaimed, the downward trend could continue today. The next targets would then be at BB (5148/5128).
One hour to go buyers fight for 1.5 sigma upper Bouhmidi-Bands
SPX starts with a gap-up and initially fails at the upper #BouhmidiBands. After the initial balance we have seen a breakout above upper Bouhmidi-Bands and now reverting back to bandwidth.
XETR:DAX update - New all-time high due to an expected test of the upper #BouhmidiBand. Attention trend day. A breakout should bring new impulses with the US opening.
started around previous day high and is still trending sideways an hour after opening. A break above could continue the uptrend heading to new ATHs. Next target ist then upper #BouhmidiBands at 5028.
XETR:DAX - The gap-up at the beginning was immediately closed again. Yesterday's previous day's range was almost completely filled. A fall below the previous day's low at 16859 could accelerate the downtrend intraday and target the lower #BouhmidiBand at 16784 next.
S&P 500 one hour to go. New all-time-high in the pocket but as mentioned agressive bulls out there today. Trend was confirmed through couple of indications: -starting above previous day high -Break of upper Bouhmidi-Bands (1 & 1.5) Currently we are close to 2nd upper BB - Here is where the party ends today.
Even if we had the FED meeting today - It was a clear and visible that selling pressure will lead the way. SPX started with a gap down and showed no attempt to close the gap at open or within first hour (initial balance). Right after intial balance we broke wit lower Bouhmidi-Band indicating more selling pressure to come. After two attempts to regain the first...
DAX turns up again and breaks first upper Bouhmidi-Band
SP:SPX - Nice #BouhmidiBands reversal in play but watch out might see a pullback today
Today is the first trading day this year where the index closed above the two standard deviation upper Bouhmidi-Band. This happens rarely and could be a signal for the start of a new bullish momentum heading towards december.
S&P 500 started with bullish impulses heading to upper Bouhmidi-Band but missed it to breakout. Classical intraday reversal pattern.
Many Thanks for the feedback and following - Here are some updates that you wanted: - update includes from now on the possibility to use not only the first standard deviation of the Bouhmidi-Bands, from now on you can also use the 2 standard deviation or an individual one like e.g. 1.6 - From default Bouhmidi-Bands a pinned to the right scale and are fixed now,...
$DAX - We started the day with a #BouhmidiBands reversal at the lower Band - A second test could be possible during the day.