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Indices Europe

CAC 40 consolidates following December breakFollowing the impulsion at the beginning of december, the index is now consolidating its recent uptrend. Since beginning of December, after exiting a 4 month old canal, the impulsion led the index to multiple new highs. However, if the price kept going higher, the current uptrend is weakened by a divergence since mid december and visible on three main indicators (RSI, Momentum and MACD). It is very much a short term worry though as this doesn't appear on the weekly data of the index. - On a short term point of view, holders can keep their long position although others would wait for a more affordable price. - Mid to long term investors would use the same pivot prices to enter the market or not. For those already long, there is no clear indication to close a long position now and even less to open a short one. - The divergence would be totalled by a break above the recent high at 4929.6. That would be a significant buy signal. - On the contrary, a break below the support at 4822.29 would generate a short term sell signal.
INDEX:CAC40
by gbattini_STA
World Stock MarketA Trump victory meant a rally for the global dow of 76.5 points(+3.2%) 4 days before the elections for the next 21 days. By end of the year, it might reach the yearly high, close to 2490. Maybe next year we'll see 2500 and above it. Global Dow is an index with top 150 companies around the world. More on wikipedia: en.wikipedia.org More upside for DOWG if it stays above 2500. If by the end of 2015, the index goes below 2389, it's a start of a downtrend for the global stock market . It is expected for the Dow to stay at current levels or go for more upside. The first months of the next year will decide the future of the stock market for a good period of time. Trade idea is on the chart. Chart of DOWG since 2015:
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by justaname
CAC40 : The rounding tops show a bearish momentumThe CAC40 is consolidating between 4300 and 4520 pts since the middle of July. The US indices are currently showing weaknesses, and so does the french equity market. The resistance area at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The bearish forces are getting a bit stronger as weeks pass, as shown by the rounding tops. The long term moving average (200 days) remains decreasing, which highlights the downside underlying trend. The first steam to break is the ascending trendline (blue). The current price at the CAC40 is high enough to initiate a short position : - Short @ 4460 - Target @ 4315 - Stop @ 4520 (just above the first resistance)
TVC:CAC40Short
by AlexandreNygal
DAX: Short at 11077-11100September 1, 2016 That's a possible scenario :) Bearish Gartley Pattern confirmed with the CAC 40 (France). It's consistent with the target of the Dow Jones at 18850 and of the Nikkei at 17500. The CAC 40 will plummet after it gets to 4700. See my other posts for more info about the CAC. This is why the DAX is weaker than the CAC 40 and that US markets are also overall more resilient to grind up compared to the French index. Their targets are lower than those of the latter one.
INDEX:DEU40Short
by UnknownUnicorn569872
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
CAC 40: We have all the long term targets below the short @4700August 28, 2016 (Post Yellen's speech) Everything is on the chart. You know that I am willing to short strongly at 4700. Resistance shall be met at 4600 and 4666. Those would become other very good scalping opportunities for the experienced ones. Don't forget the Bearish Gartley Pattern and the long term Head and Shoulders pattern (not traced on the picture, cf previous posts). It should fall quickly to a strong area at 4450. It could bounce to 4500, another psychological level. But then they would shorting until 4383, resistance will be futile although it's an important level. The CAC 40 shall quickly further its downtrend until 4280-4310. It another crucial level to hold, but it will ultimately become a dead cat bounce. It should become erratic between 4000 and 4300. But hey, after it goes through 4000-4004, there would be a huge drop of 300 points in a single week. It would go up again because of short covering, and then fall to 3556 and 3477. Speculators and some funds would find it an interesting opportunity to buy, since they would believe it's low enough. But some final strings of predictable "bad news" would sign the final blow to the markets. It would collapse sharply until 3050-3104. People would freak out and more stop-loss orders could be triggered. It would go even a bit lower (it's the "visible" crisis, what do you want?)
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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6) The Japanese market will help timing the collapse (US+EU)August 15, 2016 Hello folks ! So almost everything is written on the chart. Don't take it for granted, as I do not possess a crystal ball. However, one thing is clear: prices that are displayed vary across brokers' platform(s) for a battery of reasons (Futures, Market Makers, Bid/Ask spread or average price etc.) There is one thing to take back home though: 50% and mean reversion has always been one of the keys. The signal is clear here: 17500 is the target and short should be triggered. It also acted as a strong resistance many many years ago :)
INDEX:NKYShort
by UnknownUnicorn569872
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