EURO STOXX 50 INDEX (SX5E): Update and Target Extension
Patience pays and those who followed my trading plan made a good profit from this counter-trend short.
now the market is very close to our initial target and I suggest only partial profit-taking.
With the protected position, we can expect with you a drop lower.
I would aim at 3525 levels as the second target and 3425 as the third.
good luck!
Indexes
Straits Times Index (STI): Important Update
hey traders,
instead of breaking above 3280 structure resistance the market has respected it
and, moreover, set a lower high.
after a lower high formation, the market has dropped below a support line of a flag pattern.
the breakout is considered to be confirmed and our bias switches from bullish to bearish.
from the current perspective, I will expect bearish continuation to 3120 / 3050 / 2980 levels.
protect your profits based on these levels.
good luck!
U.S Dollar Based Borsa Istanbul 30 Index Futures can test ResistAlthough the fragility in the Turkish Lira continues, we see relief from the exchange rate after the Iranian tension.
At least we can expect the index to test the resistance point in the first place.
The ban of short sale in Borsa Istanbul makes me a little startled.
That is why the domestic investor plays ball in the index and volumes are calm.
On the other hand, the weekly chart also showed a buy signal :
So let's take a small position to stay in game.
NOTE :
This analysis was made on the U.S Dollar based value of the Borsa Istanbul 30 Index.
We can make this analysis more risk-free with the following parameters:
Position Size : Small percent of portfolio (%5 - %10 )
Risk/Reward Ratio = 1 / 2
Stop-Loss : 24.200
Goal : 26.325
Furthermore, we can look at discounted XU030 stocks, and then let's we'il talk again.
You can see my U.S Dollar based Turkish Airlines stock position in related ideas, i attached.
Regards.
S&P/TSX Composite Index can test Minor Resistance LevelsWhen we look at Canadian instruments during the Autonomous LSTM Adaptive period:
We see a cheapness in both stock markets and currency.
Even though I have a positive opinion about the target, let's try it out in small quantities and leave more position size in case of a second try on negative scenario.
This analysis can be more risk-free with the following parameters:
Position Size : %1 for Index Futures or Small percentage of Portfolio
Risk/Reward Ratio = 1/1.99
Stop-Loss : 16911.75
Goal : 18032
NOTE:
The unapproved short signal is the leading indicator of volatile movements.
So let's be careful.
Let's leave more room for the second attempt, which, when the circumstances are in our favor, let us gain much more of our loss.
Regards.
"EuroStoxx breaking the Ascending Trendline" by ThinkingAntsOk4H Chart Explanation:
- Price was on an Ascending Wedge since August.
- Price bounced on the Resistance Zone.
- Price broke the Ascending Wedge.
- Now, it has potential to move down towards the Support Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
#S&P500, Time to sell?The S & P500 is on the rise.
At the moment our sell signal is about the price correction and not about a new trend.
The Stochastic Daily Graph is located in the top third which is a great area to sell.
The RSI is in the 70 area which is Overbought and it is a good time to sell.
Target: $ 3260
DAX INDEX (DAX): Decision Point & Bullish Continuation
it is a very very usual thing for indexes to set new market highs.
DAX is not an exception!
buying volumes are accumulating around the current market high and
I believe that, like with French indexes, we may break to the upside.
with a new higher high formation, the potential for growth will be unlimited.
but no matter how you will react to that, don't be greedy and control your risk.
good luck!
Can the S&P 500 grind higher?Basic analysis of the last two growth periods for the S&P 500 gives us an average headroom value before we can expect next pullback. As we are already through the low-end estimate of 4095 experienced during 2018, we look to the average value of 5471, giving us a price target of $3400 on the /ES. This has been a consensus call among many institutional equity traders since the beginning of the most recent trend in Sept/Oct. 2019.
Straits Times Index (STI): Prepare To Buy Bullish Breakout!
Singapore stock market may set a new higher high soon.
Pay close attention to a current resistance level and buy the market after a breakout.
The next target levels will be:
3333
3400
Targets based on the structure on the left.
*the market may retrace to the support of the channel before setting a new higher high.
UK 100 INDEX (UKX): Potential Short
UK 100 index is approaching 2019's high.
on 4H the price is consolidating within a horizontal range and I would suggest shorting the market in case of a bearish breakout of it.
Target levels will be 7450 / 7250 (based on structure)
* in case of a bullish breakout the setup will be invalid and the order will be canceled
EURO STOXX 50 (SX5E) May Drop Soon!
Euro stocks index is approaching a 4 years' high!
there is a high chance to see a strong bearish reaction from the underlined weekly resistance,
but because the trend is bullish, I will trade the market only with a good confirmation signal.
On 4H chart, the market is currently forming the right shoulder of a head and shoulders pattern.
I pay close attention to 3725.0 neckline.
Being broken, it will trigger a selling reaction and it will be a perfect signal for us to open short.
The initial target will be 3625.0 level
The second target 3410.0 level.
Stop will be above head!
Good luck!
Are more Mercantilist Global Markets Waiting for Us?Although the Major World Indices have also contributed to the rise of the S&P 500, it is seen that precious metals have been traded at a discount rate compared to the S&P 500 index in the last 14 weeks.
Palladium and Copper caught the Index on this rise.
But Gold, Silver, Iron Ore and Platinum are traded at a very discount.
14 weeks is a serious period of time and approximately 1 financial quarter.
This template may provide a clue to observe the stocks of Gold, Silver, Iron Ore and Platinum-bound companies.
In addition, investors who are undecided on precious metals and stocks in other sectors may prefer these stops.
NOTE : The S&P 500 Index was chosen in terms of market weight and impact on the world.
#NIK225,Signal with huge potentialPerfect resistance line, the NIK225 has already been stopped twice in the above resistance line and it seems that this time it will also fail to break.
The Stochastic in Overbought, and has the same model as it had in the previous 2 times.
The trend is an uptrend but following the data we mentioned above, we recommend sell
Target: 22000
Do You Believe in Santa Clause and... his rally?We're in the week that traditionally Santa's rally begins. Sales of tax losses usually end after the 15th of this month, so the coast is clear. At the same time, no one has forgotten the slaughter in the stock markets, which began at the same time last year. Well, do you believe in Santa and his rally in 2019?
Yes, I was an obedient child during the year and I believe Santa will give another gift to my wallet…
The second half of December is usually associated with stable seasonal demand for risky assets, especially given that the market cleared three significant overhanging clouds (UK elections, USMCA, US-China tariffs). China and the US have reached a first-phase deal in which the US will suspend tariffs in December and cut tariffs from 15% to 7.5% of the September list.
Looking at the rest of the world, we see that the OECD's leading indicator confirms current stabilization. After 21 months of delay, the composite leading indicator returned to recovery, which has been historically positive for risky assets.
The bearish scenarios and fears of recession were a large part of the investment markets throughout the year, and yet the global rally lifted almost all asset classes in 2019, except industrial metals, EUR and CHF. Looking at all mentioned above, the optimist in me suggests that the risk appetite among investors is likely to remain high despite the expected deviation in the trade talk story.
The pessimist in me says that there is no way after a whole year of growth that we will not see a retreat and Santa will not help us…
However, in a realistic view, a restricted deal means limited risk as investors become cautious, ultimately viewing Friday's partial deal as a short-term installment rather than a clear path to lasting and complete resolution of the trade tensions. In addition, the victory of Boris Johnson only brought more hope, but it did not draw the clear path of Brexit and the light in the tunnel is far away…
At the same time, US stock market is overbought, which means it is vulnerable to a fall if bad news hits us this week. If the momentum of the stock market turns, smart money with big profits, especially hedge funds, may want to sell to lock in the profits. And such sales can accelerate the downward momentum. Looking ahead, this is a scenario that requires cautious attention and investors should be vigilant.
Traders will now be forced to consider the prospect of the second phase of the trade deal and what will happen next. But for now, they might be just as happy to put the trade in the rearview mirror for a few weeks and to focus on economic data.
The structure of the calendar this year leaves this week as de facto the last week of the year. And this is what makes it harder to explain intraday movements. We are about to see…
In conclusion, I'll just say - don't be fooled, these stock markets are mostly controlled by the momentum crowd. Buying is not because of better earnings, better economy or better geopolitics, but because of the upside momentum. Keep in mind that sometimes the crowd is unshakable and can turn up for a penny.
Technically, the S&P 500 starts the week by jumping to the $ 3,200 level. This level is, of course, a psychologically important figure, so that in itself was a sensible event. In addition, we also had an ascending triangle on daily chart that was broken up and in fact the price hit our longer-term goal.
Now when that it has been reached, nothing is clear except that there is an obvious bullish pressure underneath. We prefer to Buy on the falls at this point, and I would not be surprised to see the S&P 500 drop to 3,100 before I weigh up.
Many experts call that the next bullish target is $ 3,250, and another 50 points from now until the end of the year would certainly not be a big challenge. We believe that short-term pullback should be seen as potential buying opportunities. Especially given that so many money managers outside have to pad their results for the year. After all, this is a market that has a direction and of course it is an upside trend. But remember that there is quite a bit of market noise.
What is your opinion? Do you already close your positions before the holidays or are you looking to capture the last moment?