TradingIndian

TradingIndian

Happy Monday, Happy New Week, Dax is now negotiating 50 DMA @ 13182. Now we are reaching a major infliction zone from 13300 to 440. The floor is still fragile at 13k Macro EU ECB De Guindos & Schnabel speeches Buy Break: 13 203, 269, 323 Reversal: 13 154, 096, 034, 12 964, 915, 848 Sell Break: 13 164, 108, 041, 12 974 Reversal: 13 215, 276,...

TradingIndian Updated 

Happy Thursday, See some weird stuff on the chart at the end of this idea An interesting finding/question today - will NASDAQ remain between 11490 & 12940 till November elections? In case of extreme moves beyond buying & selling levels ↗️ Upside key levels: 12 374, 476, 670, 801, 948, 13 014 ↘️ Downside key levels: 12 213, 136, 052, 11 927, 843, 760, 697, 606...

TradingIndian

Happy Friday, DAX keeps entering and failing the zone starting at 12928. Yesterday's key levels are still in play. You can find it by clicking here (Opens in a new tab/windows so you will not lose this) In the absence of a catalytic news, it is likely to post an inside daily bar. So today's range is constrained by yesterday's OHLC Macro EU ECB Lagarde...

TradingIndian Updated 

Happy Thursday, Market will be nitpicking at the coordinated CB speeches today so get ready for some choppiness and sideways moves DAX has 12928 to 13154 range with mid zone at 49 to 55 In case of extreme moves beyond buying & selling levels ↗️ Upside key levels: 13 052, 125, 197, 294 & 432 ↘️ Downside key levels: 12 955, 817, 678, 582, 509 Macro EU ECB...

TradingIndian Updated 

Happy Wednesday, Yesterday's candle needs resolving on NASDAQ. One way or the other. On the upside, 12 060, 136, 220, 282 & 373 needs to be taken out to get bulls in control. On the downside, 11 927, 844, 766, 697 & 606 needs to be taken out to get bears in control. Macro GB BOE MP Report, Bailey Speech, EU GDP, US Trade Balance, Fed Brainard Speech,...

TradingIndian Updated 

Happy Wednesday, We are in bataille royale now - 12600 to 13k. Whoever crosses the line first wins in whichever direction. Mind the gap - 90 pts lower open overnight so it can go to 12810 first to bridge the gap. Levels to watch on upside are 12 767, 881, 974, 13 088 Levels to watch on the downside are 12 724, 674, 561, 474, 416 Macro GB BOE MP Report,...

TradingIndian Updated 

Happy Tuesday, Happy PMI Day, Line in the sand for DAX is 12817 but it is dealing with all important levels of market structure between August low of 702 & close of 817. A decisive move breaking of one of the levels and then continuing will set the direction. Levels to watch today are 442, 677, 940 & 991 Macro US S&P PMI, ISM Employment Index, New Orders...

TradingIndian Updated 

Happy Tuesday, Happy PMI Day, Line in the sand is 12 100. Loss of 135 > 100 > 43 > 07 will open up 11 850 On the upside, 233 > 296 > 373 > 430 will open up 800 although upside resistance is now all piled up with WMA20 < DMA 100 < 10 < 50 < WMA10 Macro US S&P PMI, ISM Employment Index, New Orders Index, Services PMI, Services Prices Paid Buy Break: 12...

TradingIndian Updated 

Happy Monday, Happy New Week, Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes. We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442...

TradingIndian

Happy Friday, Happy NFP Day, 12281 is where it all hinges. The overall range is 220 to 375. Break of one of those levels and continuation will decide where we will go. NFP can be the decider. Two direction prediction: Break of 12135 followed by 11989 will be opening the downside gates. Break out of 12475 followed by 12547 will bring lot of wind to the sails ...

TradingIndian

Happy Friday, Happy NFP Day, Bold prediction: if DAX crosses 12587 & goes below 12352, it will break 12k and we will be going back to bear market Today we are likely to push back above 860 to close the week with a reversal candle. Move towards 598 & break of that will attract it to 376 & onwards Macro US Avg Hourly Earnings, Labor Force Participation, NFP ...

TradingIndian Updated 

Happy September, Happy Thursday, The first level that NASDAQ needs to regain is 12300. Then 12550 & then 12700 to be back in safe territory. Line in the sand today is 12170 12K is blindly obvious psychological level. So organised/institutional money does not trade that level. So levels to watch are 11989, 927, 843 & 809. Macro GB Mfg PMI, EU Unemployment...

TradingIndian Updated 

Happy September, Happy Thursday, DAX will cause some serious damage if it loses 12702 & 12677. The next level will be 12442 followed by 12323 On the upside, it is now firmly capped at 13k as bears now taking the charge. I am making a bold prediction here - the probability of 9943 followed by 9370 has gone up significantly If you are thinking of buying the dip...

TradingIndian Updated 

Happy month end, Happy Midweek, Happy Wednesday, Bulls have managed to regain 13k overnight. So 13k is line in the sand. 13 125 now is the key level on the upside. Any break below 12 850 will confirm bear strength. Last day of the volatime month. Macro EU DE Unemployment, HICP, US Employment Change, Chicago PMI Buy Break: 13 045, 088, 110, 150 ...

TradingIndian

Happy month end, Happy Midweek, Happy Wednesday, So finally we are ending a volatile month. NASDAQ is making bear flag after bear flag and breaking down since 13 530. Today, we are breaking down from another bear flag. However, the drops are becoming smaller. The line in the sand for the day is 13 438. If we break 12220, it will open up for 11925. Break out of...

TradingIndian Updated 

Happy Tuesday, Unless DAX regains 13k and breaks above 13 100, it can still go either way. Bears do want to break yesterday's low and create LL. Line in the sand is 12 850 Macro EU Business Climate, Consumer Confidence, HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech Buy Break: 12 940, 990, 13 060, 085 Reversal: 12 890, 825,...

TradingIndian Updated 

Happy Tuesday, NASDAQ has cleared 100 DMA as well as 10 WMA this morning. Line in the sand is 12 550. Bulls have a long way to go >>> 12 700, 800, 950, 13 050 before they can gain control. Bears need to 12 375 followed by 12 280 to regain/retain control Macro EU HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech Buy Break: 12 675,...

TradingIndian Updated 

Happy New Week, Happy Monday, DAX has broken 13K and got itself in some trouble here. 12675 & 11895 are two very important levels to watch. Bulls need to bring it back above 13440 & 14085 to get back the control. Overnight drop in Dax has shown continuous selling pressure which is not good for bulls, going into another vital week with month end falling right in...