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 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.
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.
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
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.
In the course of the day so far, a support zone seems to be forming at the lower #BouhmidiBands for the time being
$DAX - If its nice take it twice! - We had two chartbook reversals with #BouhmidiBands today. Good Start for a weekend
$DAX - Volatility is back in town. We are breaking lower #BouhmidiBands
#BouhmidiBands - After the $DAX breakout comes the reversal. Exactly at close we arrived almost back in the bandwidth. Long Reversal worked out - Trading #volatility