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Stoxx50

Back to Square One, 15th Sep 2022🖼 Daily Technical Picture 📈 ➤ Same working title as yesterday. Prices are still at square one. There was hardly any bounce but prices managed to hold support. The market is not giving much away about its next move... ➤ I have closed the long positions in DAX and EUSTX50 (STOXX50) and have reversed to a small short position (-10% exposure each). This small exposure reflects a lower conviction trade. A high conviction position is a maximum +/- 40% exposure in a single index. ➤ As mentioned previously, based on my analysis, the European & US indices are at different places in the price structure. During these phases, we may experience an inherently hedged portfolio like yesterday where overall exposure was neutral and we have opposing positions. This will resolve itself as the indices play catch up and re-sync given their high correlations. ➤ My overall exposure shifted to -60%. Low conviction at a portfolio level. I still hold shorts in S&P500 and DJIA. The maximum exposure is +/- 200%, the level of highest conviction. ➤ Conclusion: I think Thursday's price action may provide a telltale sign. If price bounce or hold support again, I would be leaning towards a return to a bullish stance.
AMEX:SPYShort
by mrstockyetoro
Back to Square One, 14th Sep 2022🖼 Daily Technical Picture 📈 ➤ A momentous day in markets, momentous to do downside that is. All the up momentum was snuffed out today. Prices in S&P500 have dropped back to the support level. As I previously mentioned, there were subtle hints of a drop. The big surprise is the degree of the drop we just experienced. ➤ The only good news is that prices have hit support levels. This could lead to a rebound of some kind. Also mentioned a few updates ago, this support level has never been a firm one. Prices have sliced through easily at times. IMO, this level may just hold. ➤ I reduced my short positions in SPX500 and DJIA to take some profit. I still hold DAX and EUSTX50 long positions. This meant I ended the day with my exposure at 0% (or neutral). I am hedged to a large degree. Profits or losses will stem from the degree that US markets out/under perform European markets. The maximum exposure is +/- 200%, the level of highest conviction. ➤ Conclusion: Downward bias worked in my favour. Both my portfolio and equity price levels are back to square one. I'm eager to see what happens next.
AMEX:SPY
by mrstockyetoro
2
Deceleration, 13th Sep 2022🖼 Daily Technical Picture 📈 ➤ Equity markets leapt higher towards the 4200 resistance zone. The upward acceleration is decelerating as seen by the size of the candle/bars since the progression from the higher low. This is either because of less buyers or more incoming sellers. The VIX also increased by a small amount. ➤ These are subtle hints of change in behaviour that we should take note. Whether this has to do with profit taking or imminent important economic data, we will know after the fact. ➤ I added short positions in SPX500 and DJ30 whilst still holding DAX and EUSTX50 long positions. As a result, my exposure has switched to net-short of -40%. This is an overall low but conflicted conviction level. The shorts are high conviction, the longs low. The maximum exposure is +/- 200%, the level of highest conviction. ➤ Conclusion: I am hedged but with a downward bias. Hedged positions are rare. It points to different equity market structures in different regions. This normally resolves itself and re-sync overtime due to their high correlations.
AMEX:SPYShort
by mrstockyetoro
1
Higher Low? 9th Sep 2022🖼 Daily Technical Picture 📈 ➤ I like my lamb chops, pork chops...but I'm not so sure I liked the wild equity chop we experienced today. The volatile gyrations followed the news flow, it was some rollercoaster ride. The DAX probably best exemplified this with its manic 2% price swings. ➤ Despite all the yo-yo action, the S&P500 is holding above the support level and is looking to make a higher-low, keeping alive the uptrend from the June bottom. ➤ I continue to hold long DAX and EUSTX50 positions. My overall exposure remain at +80%. This is a moderate conviction level. The maximum exposure is +/- 200%, the level of highest conviction. ➤ Conclusion: Wild intra-day moves hasn't altered the daily picture. Still short-term bullish. As expected, equities displaying choppy behaviour.
AMEX:SPYLong
by mrstockyetoro
1
Joe Gun2Head Trade - Gap fill on EU50Trade Idea: Selling EU50 Reasoning: Head and shoulders top with a gap fill Entry Level: 3765 Take Profit Level: 3700 Stop Loss: 3785 Risk/Reward: 3.58:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:EU50Short
by Signal_Centre
Joe Gun2Head Trade - False breakout on EU50?Trade Idea: Selling EU50 Reasoning: False breakout on EU50? Bears to return ahead of ECB meeting? Entry Level: 3955 Take Profit Level: 3533 Stop Loss: 3621 Risk/Reward: 2.31:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:EU50Short
by Signal_Centre
SX5E: getting ready for a rebounceThe STOXX has arguably a complete 5 waves structure, rebounce of 200-300 points from here is likely if intraday low holds. Target >4200 Stop <3890. -- EW interpretation: Off the top of Feb, what I regarded as azure wave (iv) of one degree higher, we can observe 5 waves structure. The last wave v in purple is quite extended, but given that wave iii reached 1.236 extension of wave i, the proportion overall is justified. Note that the technicals of this v of (v) made a higher low compared to the bottom of (iii). Bigger picture (chart: ) Off the top of Nov '21 we have a clear 3 waves down structure, with orange circle c reaching 1.236 extension of circle a, nicely within the target range projected in my previous idea. Looking closer to the subwaves structure of circle c, the (iii) and (v) is also quite extended, similar to the pattern of one degree lower. The technicals here again made a higher low compared to the bottom of circle a. These actions above suggest a corrective move with a typical abc pattern is being or already completed, a 61.8% retracement of this circle abc move is a reasonable target, if not higher. For a shorter term trade, the 38.2% retracement ~4090 is a saver bet, but the R:R ratio is not that attractive to my taste. Stop can be placed under intraday low ~3890, although the ideal target range of circle c can reach as far as 1.382 extension of circle a ~3870. Be greedy when others are fearful.
TVC:SX5ELong
by EuroStockOption
SX5E: eyeing a rebounce from 3.9k, downward pressure remainsGame plan: after the STOXX 50 drops into the target box around 3.93k, try to (not aggressively) long a short term rebounce. Overview: After a strong bull run off the covid low, the SX5E struct a major top in Nov '21. Since then we are in corrective territory, which makes me default to the ABC count of Elliott Wave. Most commonly, C wave projects to the 1.0 to 1.382 extension of A wave. So if my count is correct, I'm expecting a local bottom to be struct just under 4k, from where I will try to play a short term rebounce. The red arrows at the lower left corner come from two major lows struct in Jul and Oct '21. They might also have some indicative value. As I previously, jokingly, noticed that the market seems to find a local bottom around the opening day of the Winter Olympics, Feb 4th might just be the day to watch ;) Further I'm also expecting one more leg down after the rebounce, but that will depend on where this rebounce ends. EW interpretation: The initial drop in Dec '21 can be regarded as wave circle a, while circle b ran back to almost the top again, almost 100% retracement of circle a. These are marked in yellow and their fib levels help me put the yellow target box roughly between 3.87k and 4.01k. Note that circle b itself has an outspoken 3 waves structure, marked in blue. Subwave (b) retraced to almost 100% of (a) while subwave (c) reached between 1.236 and 1.382 extension of subwave (a). Symmetry might be in play here. By my count we are currently in progress of circle c, which should have a structure with 5 subwaves, marked in azure. The sharp decline in the last few sessions fits the impulsive character of wave (iii) of c, it's usually a reliable signal that a (stage of the) correction is near completion and a reversal is due. Invalidation: If SX5E recovers the top of subwave (ii) without dropping into the target box first, my count is likely wrong and no entry will be attempted. On the other hand, if SX5E drops below the yellow bow, then I will have to reassess the entry and stop level. The ideal entry signal will be when SX5E break out of the blue box to the upside, after fallen into it. Stop can be place just under the yellow box.
TVC:SX5E
by EuroStockOption
1
ridethepig | Stoxx 50 into the elections and beyond📌 STOXX 50 The purpose of the operation here is a clean and simple 5-3-5 sequence to the downside which means the lows are still exposed to another flank attack from those accompanying bears. This is a very important few weeks and months for volatility and in a roundabout way we must take full advantage of this while it takes place. I don't consider the manoeuvre here to be any different from the elementary operation we took at the beginning of the year in European Equities as we are in the same complacent environment with covid escalating out of control. As we have discussed together before, the herd must always be wrong and recognising this and the misconception of the v-shapers can only lead to an eventual test of previous support. To the topside, invalidation will come via a closing breach of 3490/3500 as this is the level which is protected via its own barrier. Thanks as usual for keeping the feedback coming 👍 or 👎
EShort
by ridethepig
7
ridethepig | Stoxx 50📌 Eurostoxx 50 is in question here and we have a good illustration of the ABC outpost. The main target 3,489 is still open for a test but a breakdown here will seal it for the year. In a nutshell, this is a chart speculating that we are in the very early days of the "C" leg down. It is the same opening move in play for German Equities, DAX: This leg down in European Equities will be considered painful for the late buyers; the weakness of the real economy is shown via the following charts. Unemployment Claims: US 2's 5's: Sharp speculators are adopting a wait-and-see policy, the fate of the moves in Eurostoxx depends on the range settlement. Sellers breaking through 3,200 will 'protect' the highs and because of the technical damage done, the flows will finally commit towards +/- 2,475. As usual...thanks for keeping the feedback coming 👍 or 👎
EShort
by ridethepig
1
STOXX 50, Flag-Formation Forming, Here Is What To Consider Now! Hello Traders Investors And Community, welcome to this analysis where we are looking at the EURO STOXX 50 INDEX, its recent events, the current formational structure, what to anticipate the next times, and how to handle the upcoming situation. Major global markets have recovered from the huge corona-breakdowns seen this year but the big question now is if this recovery is sustainable as there are still big divergences between the real economy and the stock market, therefore it is important to note that the bear market is still not confirmedly over yet and that increase in corona rumors can lead to increase of bearishness in the long-run, as the S&P is near its all-time-high-conditions where the next times will be crucial and will prove if new highs in the major indices can establish sustainably or bearishness settles again, so is also STOXX 50 forming a bullish formation in the short-term which can lead it to test crucial higher levels. When looking at my chart you can watch there that the index is trading in this huge possible bull-flag-formation which is marked in blue where it already several times confirmed the upper and lower boundary, as such a formation is normally bullish it can confirm as those when it happens properly, therefore, it is from high importance to not only hold the lower boundary of the flag sustainable but also the 40-EMA marked in red and the 300-EMA marked in black to form an EMA-bounce here before it can move on to confirm the flag when this doesn't happen and the index fails at the EMA-structure and the lower boundary to fall below it this will cause bearish pressure where lower levels will be reached within the high possible spectrum. Currently, the wave D and E can form which will finish the wave count and possibly also the big bull-flag which will activate higher targets with a decisive move above the upper boundary. The current situation is a situation where the index has to show if the flag-formation holds and confirms properly or shows to invalidate it which can happen when price closes below the lower boundary. When the bullish scenario plays out accordingly the index can move to its targets but there are still important resistance-clusters lying which first need to be taken out before considering any further substantial bullishness in the middle-to-long-run before this does not happen the index can still reverse and as there are already big divergences in the real economy and stock where many retailers rushing into while smart-money staying out the rallies are highly speculative backed and therefore the bearish scenario should not be kept aside when considering the longer-term perspective and in this case, it is important to not get too overly speculative of possible upcoming rallies and keep the reverse perspective in mind before there isn't validation. In this manner, thank you for watching, support for more market insight and have a good day! There are many roads to prosperity, but one must be taken. Information provided is only educational and should not be used to take action in the markets
TVC:SX5E
by VincePrince
1
Daily Europe STOXX forecast analysis 08-JUL Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position: In Rising section of high profit & low risk S&D strength Trend: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. read more: www.pretiming.com D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.0% (HIGH) ~ -0.4% (LOW), -0.2% (CLOSE) %AVG in case of rising: 0.8% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE) %AVG in case of falling: 0.3% (HIGH) ~ -0.7% (LOW), -0.4% (CLOSE)
TVC:SX5ELong
by pretiming