SMI may hit one ATH after another till the end of the year.It appears that the failure of Swiss government-backed Swiss bank UBS last year, which was subsequently absorbed by Credit Suisse, prompted the government to regulate more restrictively for banks that are considered key and too big to fail destabilizing the Swiss economy, in April. Hence, the Swiss
Riding the Trend on CH20CHFBought as I recognised the strong moving trend of CH20CHF trending on the 6EMA discounted price zone.
Despite multiple small "sellers" selling, price continued to trend upwards, and strongly.
Currently the buyers want the CH20CHF, so I bought some too, in hopes of selling to the next Big Boy Buyer
Something to keep eye on.. v2.0updating the previous idea
Diagonal down perhaps A
Flat B
Wave C to be executed
SHORT IDEAAnticipating a possible reversal lower.
Annotations of potential key levels made in the chart.
Once the stop level of 11256.97 is taken out, the idea is invalidated.
As usual, manage risk.
something to keep eye onwaiting to broke the green line for a sell signal.
ED down, then some corrective measures that could have ended.
Swiss WeakeningPossibly going down. Monitor bigger timeframe.
All other pairing currency would go long and getting strong.
Swiss is moving UPMaybe to continue upmove, or just retracing up from a long term downmove, let us see
For now, focus on buying chf. Watch out for h4 retracement / downmoves.
Long Term chf seems downLooking for best opportunity to sell long term. anyway, do watch out for retracement
Where is SMI going?Two Wycoff Ranges in action. 21 and 34 EMA on a 3 month timescale. Where is SMI going?
SMI long term ideaThis is for my personal record, I am a very bad trader so please don't take this as financial advice, you would not make profit.
See all ideas
Frequently Asked Questions
SMI Cash Index reached its highest quote on Aug 30, 2024 — 12,481.49 CHF. See more data on the SMI Cash Index chart.
The lowest ever quote of SMI Cash Index is 11,095.64 CHF. It was reached on Apr 19, 2024. See more data on the SMI Cash Index chart.
SMI Cash Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy SMI Cash Index futures or funds or invest in its components.