#J210 Resource10 Index. Looking very bullishLooks like a major breakout from a flag pattern. No targets for this. Just a very interesting chart.
Indicies
#DJI.. SELL IN MAY AND RUN AWAY!.. I think that there will be a long-term correction wave in the global markets on a macro scale, and it is getting closer.. Markets will become very interesting in the coming years, we will wait and see..
For DJI, the structure I expressed in the chart is very important and should be watched carefully.. I firmly believe that, we will observe wedge pattern in the chart of many markets in the big correction wave..
What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
JSE Industrial 25 Index. Possible weakness setting inBearish engulfing candle settling in on the daily chart. This is something to take notice off seeing that very large caps like Naspers forms part of this index. Weakness in Naspers will put a drag on any possible upward momentum on the All Share Index. The Industrial 25 index had an incredible run in the last 5-6 weeks, and it's maybe time for some consolidation.
US30 Hello Traders, here is the full analysis for this pair, Simple tools for support, resistance and trend
next target 24680 : 25280
let me know in the comment section below if you have any questions,
Please note that the effects of the Corona virus are still affecting the US and global markets
$ES! S&P e-mini. Uptrend break with a head and shoulders Uptrend break and a head and shoulders break. Target for this head and shoulders break is 1710.
$NQ! Nasdaq e-mini. Back into the channelNasdaq e-mini futures contract breaking back into the channel after what now looks like a fake break. Could be some more downside coming.
$UKX 100. Boxed into a defined channel.Consolidating before the next move. Bottom of the channel could be target.
$SPX Easy money on the long side has been madeMulti week channel test and what could possibly be a failure of a break. Some gaps below could become a target for sellers.
$SPX There's more than one way to skin a cat V- Shaped recovery ? The idea behind a bear rally is to trap bulls. Once they are trapped and the market drops, they become forced sellers, creating the momentum to drive the market lower. Before you develop tunnel vision, also take note of the possible bearish flag that could be developing. This would take the SPX to 1800. Nothing cast in stone here. Take the opportunities as they come, but also keep an open mind. Short term trading.
Powerful 2008 analogThis pattern from the height of the financial crisis (late october/early november 2008) has crazy parallels to the current crash, and sets up for a perfect 5th wave down. Obviously it won't be perfect but the general theme is we're heading for a new low.
Support to median line resistance2 weeks ago I noted we closed on solid support, and the subsequent bounce took us right back to another failure at median line resistance. Was that bounce the 4th wave?
2 Shorter term pitchforks
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$NQ1! Nasdaq e-mini futures. Bear flag break retestPossible bear flag break retest at this level. Downside targets indicated on the chart if the flag hold.
#ALSI Bear flag break. Targets lower downPossible flag break target would be 42280-40600. Stick to stop losses.
#ALSI Time for a bounce ? We rally even in bear markets. Maybe time for a cautious long position. Not calling a bottom here, just a rally. Stick to stop losses. Target 6% away from current levels. Stay safe in markets and out there.
Dow strong buy up to 21680?! Inverted hammer!One thing is true the market moves in waves. The dow has now bounced of major support at 18200 and put in an inverted hammer reversal candle formation. 21680 is the first major resistance and an obvious target. Stop just below support. RSI is now pointing upwards and daily MACDH has triggered a buy signal.
All the talk of major stimulus deal combined with unlimited QE from the fed should provide the pump.
As always take some profits off the table as we go up, watch your money management
QQQ closing on supportFairing much better than the spy/dia, the nasdaq ended the week on support (March/june 2019 lows) & 38.2% slope on long-term pitchfork. Below here the 38.2% retrace of entire financial crisis recovery & the 200 Week MA
Dow crashes through trend linePlummeting through the trend line where is the support? 50% pitchfork off entire post financial crisis climb/2015 highs
SPY pitchfork breakBroken both the lower slope and 138.2% slope (acted as resistance during 2014/2015). Next key support is the August 2016 high, which coincides with lower slope on daily pitchfork.
#DJI Dow. Hitting long term trend line.Might find some support, but I think it's inevitable that it will be tested and retested. I cannot see this long term bullish trend line will last very long.
ALSI Expected support levels lower down37500
34600
33000
Sometimes we forget how bad the fin crisis actually was. We reached a low of 18000 in that period.
CAC 40 Index - heading towards 2012 lowEurope Markets entering strong bearish momentum.
France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks.
France, Spain, Germany following Italy's state of emergency.
We expect now a lower low of the CAC 40 Index.
At the correction move to 4600, we can start shorting the Index with the price target of 2012's low at 2800.
Europe will enter in recession if serious state economic measures are not taken.
"Two of the EU's biggest states, France and Spain, have followed Italy in announcing emergency restrictions to combat the spread of coronavirus. France, a country of 63.5 million, ordered the closure of all non-essential places used by the public from midnight (23:00 GMT)." 15 March - bbc.com
Let me know your view in the comments down below!
