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EUFN: European financials are in danger hereI think we can get a retracement in the financial sector, and Europe is in worse shape than the US in general. It wouldn't surprise me to have some negative news pop out, surrounding Italy's referendum, Deutsche Bank, Italian Banks, UK banks, Brexit, etc. Quite a few potential catalysts for volatility, so, if we see this ETF break the linear regression channel support, we will probably see a rapid selloff. Keep your eyes open, it might be safer to stand aside, and book succesful long trades, or maybe even take a couple strategic shorts. Good luck, Ivan Labrie.
NASDAQ:EUFNShort
by IvanLabrie
Eurostoxx 50 : Bearish dynamic & resistance areas, better shortThe EU stocks index Eurostoxx 50 (MOY0) has made a nice rise since the Brexit (end June), but the buyers are currently facing some difficulties to go higher. In fact, the european stock market is inside a bearish dynamic since early 2015, as characterized by the downside trendline resistance (blue) and the bearish 200 days moving average. In this case, the sellers are likely to become majoritary again due the the following reasons : - Proximity with the downside trendline resistance - Beginning of a retreat at 3100 points, first resistance - This resistance area matches with the 50% retracement of the violent drop we have seen in december - february. Both the long term dynamics and levels should prevent the buyers to go further and initiate a pull back to where markets were in september. Here is the precise strategy : - Open short at the current price (3080 points on Friday close) - Stop @ 3120 pts (above the resistance for market noise) - First target @ 3025 points (close 50% of the position, reward/risk = 1.38) - Second target @ 2940 points (close the other 50% of the position, reward/risk = 3.5)
INDEX:SX5EShort
by AlexandreNygal
DAX COMES INTO BIG RESISTANCE ZONEThe DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together. It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction. After the break of this level small support can be found around 10475 and after that 10325 .
FX:GER30Short
by Forextra_official
CAC 40 and the world: the End soon after the short at 4700August 31, 2016 Everything is on the chart. It is very precise and you may doubt that it's feasible I know. The lines are not random, they correspond to very specific levels (4700 -> 4450 -> 4500 -> 4280/4310 -> 4450 -> 4084 -> 4300 -> 4090 -> 4180 -> 4084 -> 3709 -> 3904 -> 3556 -> 3477 -> dead cat bounce -> 3050/3100 I would go long now until 4700. Some bad resistance will have to be taken away at 4600 and 4666. It will drop from 4084 to 4709 in a single week. Probably in summer 2017 (August here). The ultimate target is around 3050-3100. Then I would go bullish until 4450 (May June 2019) then reshort a bit. We shall see !
INDEX:CAC40Short
by UnknownUnicorn569872
8) Long the CAC with a stop-loss order below 4390 then shortAs mentioned before, there is a massive convergence at 4666 (scenario 2). 4600 could be shorted too, but be ready to suffer some losses if the CAC 40 goes to 4666 thereafter. My bet would be that the CAC could run down either today or tomorrow to as low as about 4400. Long @4423 seems to provide a good risk-reward ratio. The afternoon session could become a good scalper's day. I would be very surprised if the CAC 40 goes much lower than 4400
INDEX:CAC40Long
by UnknownUnicorn569872
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4) Repeat: The European Central Bank created artificial pricesAugust 14, 2016 This is the text from my comments on the charts: January 2015: These levels above 4530-4600 are totally artificial .It was an aberration created by the European Central Bank (Quantitative Easing), which helped the CAC40 hits its long term diagonal resistance before it would collapse. Greece and China were merely excuses. Greek CDS (Credit Default Swaps) clearly showed that Greece had a bond default probability of about 85% in January 2015. Well done ! Can you see that by the end of 2015, the price of the CAC40 went back to its last value of about 4550? It was a lost year. And yes you are not seeing it wrong: that is the infamous Head & Shoulder pattern, as I mentioned many times here and elsewhere. European + US indices will certainly start plummeting in a month or two in my high opinion. The blue lines being shown merely depict one possible path and cannot be taken for granted. You guys can perform an Elliott Waves analysis and see. I do not currently possess enough knowledge/information nor the right skills to tell whether this would work or not. We shall see how it plays out !
INDEX:CAC40Short
by UnknownUnicorn569872
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