NASDAQ (NAS 100) LONGNASDAQ (NAS 100) LONG
-FIB
-PULL BACK
-TREND LINE
-S/R
LOOKING TO BUY THE NAS WHICH IS SHOWING STRENGTH, VOLATILE SO TRADING CAUTIOUSLY!
Indicies
$DJI Important resistance level once againDow Jones Industrial Average reaching an important resistance point once again.
#ALSI Tripple top....?ALSI had a good run in December. Current level 57880 is a top that was reached three times now. The first two times signaled a a sell off that followed. Take care in adding new positions. It could go higher, but upside is limited in my opinion.
#DJI Dow Jones Industrial Average. How to trap a bullIf the DJI breaks back into this channel, quite a few bulls will be trapped, and we know what trapped bulls do. They sell. Interesting level right here.
#ALSI Head and shoulders breakHead and shoulder formation that broke the neckline and retested. Looking bearish. Unless bulls can claim neckline fast, more downside likely.
#ALSI Bull flag target reachedThe full bull flag target has been reached. This could also be a double top. Expecting some consolidation and the market to start rolling over. Take care with any new long positions.
TOP40 October was a great month, but....October proved to be a good month, but we are getting close to overhead resistance. Need to keep our eyes on the ball this November & December. Maybe time to lock in "some" profit into strength and consolidate as we anticipate the next set up. Protect you trading commodity (money) always the first priority. This does not mean we can't go higher, just that I anticipate the risk reward to become less as we move closer to overhead resistance.
JSE TOP40 Looking like it want to go pacesSome wild daily swings on the TOP 40 in the last couple of days. Longer term however it looks like it building some bullish formations that cannot be ignored. Inverted head and shoulders and now what looks like a bull flag. Let's see where this one is headed.
Short SPX500 @ 3,025; TP @ 2,900, SL your choiceShort SPX500 @ 3,025; TP @ 2,900, SL your choice. Actually LONG VIX Nov'19 contract @ 15.55; TP @ 20.55
Short Nikkei @ 22,939; TP @ 22,021.44, SL your choiceShort Nikkei @ 22,939; TP @ 22,021.44, SL your choice
NAS100 Triple top!!Price expected to decline, Wait for the price action to break the support, so open short around 7800
#JSETOP40 TOP40 Neckline test on a head and shouldersBigger picture is a neckline test on the TOP40. If this level hold, more upside to follow. If it fails, it could be followed by a quick selloff as longs scramble to get out.
Short DAX 30 @ 12,487; TP @ 11,987.52, SL your choiceShort DAX 30 @ 12,487; TP @ 11,987.52, SL your choice
#DAX Looking to test recent low, and then someLooking like a bearish flag break on the DAX. Recent low will now become a target.
DAX 30 SELL DAX 30 had big bearish wave ( we gain all wave past week +620 pips)
up correction continue till 50% Fibonacci @ 12140.0
DAX30 already has strong supply and demand area at the same level
Price rejected also by 100 MA exactly at the same level
MACD show BEARISH Signal on H1 chart
