gillyblore

gillyblore

The index failed to make a higher high and has been trending lower all day. The 6980/7025 area has been tested 4 times and bounced aggressively - I doubt this will be the case on the next test. THe more times a level is tested the more likely it is to break/fail. I'm currently holding a short position (to hedge equity), but keeping an eye on the overhead open...

gillyblore

Massive gap lower at the open, but is slowly starting to recover. Big buy the dip opp? Time will tell - but worth a long with stops at the lows

gillyblore

Previously bounced 3 times off 7025. The more times it tests, the less likely it will hold. BUT move has been quick and price is extended from its 20day SMA. This favours a bounce here or at the very least a consolidation.

gillyblore

A break above 7150 (downward resistance) can see the index shoot higher towards full 7200 target. There is a gap at 7188 that I have been keeping an eye on and would like to see filled.

gillyblore

Bearish engulfing candle developing at the open - need to see where candle closes to confirm. But this should signal a short entry, with stop at the high. Decent RR I think

gillyblore

watch gap at 7188

gillyblore

Reached my daily target before reversing, but the hourly picture does not look promising. In the process of building a bear flag which will be confirmed below 74

gillyblore

Selling will really kick in below 7000

gillyblore

Bullish developments continue following inverse H&S break. Needs to stay above 24.50

gillyblore

Already long as per previous posts. Will add to my holdings on an upward break

gillyblore

Double support (Megaphone backtest & upward sloping) + bullish RSI divergence

gillyblore

Feeling a little bit overdone here.... sitting on lateral support and RSI heading into oversold. Annoyingly missed the short opp as I dont like shorting with gaps overhead. Think this might be the turn lower here but hoping for a bounce and consolidation first

gillyblore

Weekly chart is not looking so hot... will sell all my holdings below green support. (have already started averaging out)

gillyblore

Bullish engulfing says we go higher

gillyblore

Looking for a gap close at 7188... SL =7140. Decent RR here for a long I think

gillyblore

Quick bounce off our green zone support. I don't think the selling here is done... aggressive bounce offers new shorting opps at better levels

gillyblore

Anything can happen pre FOMC but bias is for a move lower to the greenzone

gillyblore

Full target reached as the RSI creeps into overbought territory. Key now to wait for next set up