All Share - Bull flag break ? Crazy as it seems at these lofty levels, this look like a bull flag break with a target of around 58k. Overhead resistance also broke with a retest of support on a shorter time frames. 1000pts to go.
Indicies
DAXMy favourite instrument to trade if i had to pick only one it would be this index.
Anyway just sharing analysis and plus something for me to look back on entered 2 positions so far today on the short, we could see a retest above on the monthly zone before that drop but as for now I am in.
TP1 and TP2 are there for the long term bias, however for the week 10300 and 11000 is more realistic for now. But overall it would be nice to follow and look back on the analysis end of the month and see if it was correct and to journal and note.
#ALSI ResistanceBe careful in taking new long positions. Bulls had an incredible rally, but for me it's time to be cautious. I have mentioned this before and I maintain this position. Time for consolidation is overdue.
$JSEJ211 Industrial Index 25. Top for channel Looks like me might be headed for the bottom of this channel next. All share will follow due to the heavy weighing of this index.
#ALSI Close to resistance Time to start becoming cautious again. We are in over throw territory here. Take care when committing to new long positions.
bazzman78tv - FTSE UKX level to watch W.C 12/02/2019Hi there,
The way i see things (purely my opinion only), technically it makes sense to me why there has been a rejection late last week of the recent rise up.
You may be asking - what is in the way for resistance levels? Well,
We have
- September low (red horizontal line)
- November high (red horizontal line)
- 50% Fib from recent low/high in the way
It is quite possible we may see some weakness next week - based on my daily chart review.
Notes:
Green line = 500 day SMA
Black line = 100 day SMA
Yellow Line = 200 day SMA
Red Line = 55 day SMA
I only use one indicator being the slow stochastic indicator.
No dramas.
bazzman78t
09/02/2019
Bazzman78t - First official post on TV, SPX500 for W.C 12/02/19We all have different ways of analysis and reviews - and i know there is no one right method. Here is my first share and post.
This is my take on the week ahead for the SPX500 (week commencing 12 February 2019).
Interesting resistance levels to watch - as shown on my WEEKLY chart.
55 day MA in sight
61.8 fib from recent low high
Notes as part of my normal chart setup:
Green line = 500 day SMA
Black line = 100 day SMA
Yellow Line = 200 day SMA
Red Line = 55 day SMA
I only use one indicator being the slow stochastics.
No dramas.
bazzman78t
09/02/2019
#DJIA We are in a very precarious spot. There has been a lack of momentum above the 200 day weighed moving average. If weakness continues today, we will most likely end up with a bearish inverted hammer on the weekly. This is not the type of set up where you would want to add to current positions. Strength was likely driven by retail investors and not institutions. A correction in a bear market.
All Share - Think we still have some upside potentialTechnically I sill think we could still see more upside before a proper resistance level is reached. Cautiously optimistic.
JSE ALL Share Index - Inside day Pin bar yesterday followed by an inside day today. More downside to come....?
All share index - Overthrow and breaking back into channelNo follow through became a common theme in 2018. Lack of momentum clearly visible on the JSE.
JSE all share index - Top of channelALSI at top of channel again. Will it break this time around or will resistance hold once again ?
ALSI formed a bearish shooting star doji on dailyALSI formed a bearish shooting star doji on daily right on a resistance level. The bottom of this well defined channel is a likely target in coming days.
Respecting the bearish channel in SPX - SHORTS THROUGH 2685Trade set up: Our bias leans towards a short in the SPX, where we are looking for a break below the recent low of 2685 to enter the position. Upon this development, we would set a stop loss at 2725 and our take profit set at 2603. This profit target is subject to change and dependent on the price action, as a break of 2603 would hold huge bearish implications. We will update this idea as it plays out.
Why we like it: Technically the trade is pointing to a solid short opportunity – with the stochastic momentum heading lower, and short-term price analysis showing a series of lower lows and highs. The 5-day EMA has acted as dynamic resistance and contained the rallies of late. We also note the recent 8% relief rally reversed off the 61.8% Fib level.
Our view is to wait for a break of the 30 October high of 2685, as this would throw a probability of an extension of the bearish channel and suggest a move into the neckline of the recent double top at 2603.
Disclaimer.
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN684312). This information not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation
Free Stock Market Analysis - Monday 29th October 2018
Hello and hope you all had a fantastic weekend? Getting ready for the new week?
DOW JONES, S&P 500 and NASDAQ 100 INDICIES
Lots of volatility last week, we had a lot of selling early last week and the selling day on Wednesday causing the rally on Thursday while on Friday we referred to as the end of the bearish move though no guarantees but we have reached our target support at 24500points
signifying the possible end of the move, if we experience more sell off then the target will be 24,000 points which is unlikely because the pre-market market data is up some points this morning.
This week in my opinion is considered as a bullish week or maybe a bullish day and a decline followed by rally back up.
The spinning top candlestick reflects the bottom but the oscillators have not caught up with the possible change to the bullish because the Stochastic is oversold which is the kind of scenario we expected and the market is doing what we expect it to do.
ADX is very high 69.04. No guarantees but pay attention to what you see in the candlesticks and the support and resistance which we discussed previously here.
S&P 500 is doing a similar thing, with a huge spinning top (this indicate a lot of indecision) setting up nice for the end of this move and the same thing is happened with the NASDAQ even though it is a bullish candlestick.
Either Monday or latest Wednesday we will see some bullish moves with extremely volatility.
VOLATILITY INDEX (VIX)
This is pretty high but notice that the current bottom is a lower VIX.
Two weeks ago when we had the first sell off was higher than the current selloff. This a good sign that the volatility is weaning and the fear is disappearing with a possible option process move and surprise you a little.
See soon and happy trading week.