How to know when stuff are rigged ? NFP, indices, gold price ...August 8, 2016
This is an abstract from my one of my blogs: www.lucky-index-trading.blogspot.com
Compare this chart with my previous publication and comments
So, from my experience, this is how it worked (and obviously I am merely stating a little portion of the big picture, but so far this "luckily" was enough to help predicting some moves based on correlation).
Last Friday's US Non-farm Payroll (NFP - August 5, 2016) was apparently rigged according to some sources. Well, we did not really need to know how the fundamental worked to know the blue print would be "good" and thereby certainly pushing prices up, as the odds for indices to head upward was higher than otherwise. Let me explain.
Do you remember the previous article I posted on July 31st, 2016? Yes, the one with the forecast of the CAC. So I was saying that a false breakout from the 4300-4450 range could occur (target: 4600). The CAC 40 did exactly range last week (August 1-5), going from about 4480 to as low as 4293 and now it is back to 4440 at the time I am writing this post. The trading range was perfectly supported by price action, supports / resistances, and so on. But moreover, if was also confirmed by the NFP's result, "fundamentally" pushing up on the CAC and making it soar from 4360 to 4410, therefore confirming the 4300-4450 range as previously stated in article 174 of the blog).
Now, the SP500 made a new all-time record, and the Dow Jones soared along with the NASDAQ. What I mean is that it was totally predictable, because no matter what European indices had to go up, technically speaking. So in order to push the markets higher, data had to be manipulated.On the other hand, I made a forecast 2 years ago on Gold (XAUUSD), stating it would go as low as 1080 and then going back to 1367 (see article 118 + related charts). Since gold price reached 1370, it had to pullback (ie. go down). Given that it is for the time being negatively correlated with stock market indices, then if the Dow Jones is up, gold price will decrease. And this is exactly what we wanted since the target of roughly 1350-1367 was reached !
Therefore, from solely using gold price forecast and European price forecast, we could infer that the NFP result would be good, and send American indices to the sky. This is in my sense manipulation, and the bubble will probably burst next year. My take is that indices will globally shift downward in 1 or 2 months.
CAC 40, Daily chart (see post from July 31st -> 2016-2018 forecast)
-> It exactly did start to range from 4300 to 4450 !
CAC 40 CFD
EWQ: France ETF long term time at mode analysisWe have downtrends in all timeframes except the daily in the France ETF. Currently price is about to break below the yearly downtrend mode, which if it happens could start a big slide down. The daily suggests a short is optimal here, risking a rally to pre-Brexit highs at 24.70, targets can be initially the monthly one at 19.22, but eventually this could evolve into a drop into single digits if the yearly downtrend signal takes over. Target is precisely 8.77, and is well within the confines of possibility, but not yet confirmed.
The monthly setup is already valid, so, feel free to go short.
Send me a private message if interested in the CAC40 CFD setup.
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Cheers!
Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
CAC 40 + European Indices Forecast 2016-2018: False BreakoutHello folks ! This is my first post on tradingview.com. This is an abstract from one of my blogs: www.lucky-index-trading.blogspot.com
Enjoy :)
I have reconfirmed a short-selling target of the CAC 40 at about 4600. Stop-loss orders could be set above 4700.
First bearish target: ~3450-3500
Second bearish target: ~3050
Please find below a graph (weekly) with some comment's I've made.
It is very important to see how other markets are reacting and to spot any correlation or absence of correlation in order to strengthen/weaken confirmation(s).
$CAC40 Under Geo's Bearish Pressure | #fibonacci #euro $EUR $GBPFriends,
Following is a composite technical analytic view of $CAC40, in which all aspects of technical tools are displayed as shown in the following chart - We will dissect each of there thereafter:
Looking in detail at each of the following components, let's consider the following items:
1 - PREDICTIVE/FORECASTING MODEL:
As a foreground, stand-alone proprietary element, the "Model" is defining the following BEARISH targets:
1 - TG-Lo = 3759.18 - 12 AUG 2015
and
2 - TG-Lox = 3384.19 - 12 AUG 2015
GEO'S OFF-SET RULE:
The Geo relies on adverse excursions to establish high-probability targets, such that the following expresses the "Geos' Off-Set Rule":
1 - Price retracing from Point-5 aims for validation along the 1-4 Line (Wolfe Wave rule);
2 - Price retracing from Point-5' (most common occurrence) aims for price level corresponding to Point-4;
and
3 - Price retracing from Point-5'' (least common occurrence) aims for a price level corresponding to Point-3.
In the case of the current chart, price retraces from Point-5', thus aiming for a HIGH-PROBABILITY target corresponding to Point-4, which in terms of the Predictive/Forecasting Model corresponds to:
- TG-Lo = 3759.18 - 12 AUG 2015
In the most immediate support, consider the following cluster:
1 - 1.618-FE = 4180.54
and
2 - Nodal Core = 4193.88 ("ND")
and
3 - Point-1 of Geo, offering a structural point of repose as price retraces from Point-2 and Point-5'.
Where 1.618-FE = ND
As shown in the dashed arrow in the chart, this structural level is likely to see a slight retracement capped at the support-turned-resistance of 4601.90.
STRUCTURAL ANALYSIS:
Levels 1, 2 and 3 on the left side of the price field represent structural levels, such that:
1 - Number-1 represents that level of Geo's Point-1, offering the most immediate structural support from retracement of swing between Geo's Point-2 and Point-5'.
2 - Number-2 Offers a temporizing support which defined a channel capped above by #1 as defined above and #3, which offered the first and subsequent R/S levels as shown - This levels happens to line up with Model's TG-Lo = 3759.18 - 12 AUG 2015 level.
3 - Number, as explained above, also happens to line up with Model's TG-Lox = 3384.19 - 12 AUG 2015 level.
OVERALL:
Bears are taking over. Invalidation would occur if and once price rallied above Point-5', or 5283.71. Still, the Model remains the dominant indicator at this point, tilting the balance in favor of bears with targets defined above and further supported by technicals as mentioned above as well.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
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Twitter:
@4xForecaster
LinkedIn:
David Alcindor
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CAC40: Blueprints 9.After a beautiful diamond, which has triggered a bearish market for about two weeks, the French index bounced back ahead of the FOMC meeting's disclosure, where a liftoff is probably going to occur. From a historic point of view a hike in interest rates have always led to a correction. Nonetheless, the market was in a bearish movement that was close to sending it back to August's low.
Another thing can make things worse for the bulls: another bearish market on Oil, which has reached a multi year low, three sessions ago, would worsen the situation, the French benchmark being sensitive to Oil prices, since Oil & related companies represent 10% of the benchmark's weight, through Total S.A.( CHXEUR:FPP ) and Technip S.A.( CHXEUR:TECP ). Another slide in the Oil market will inflict more damage to the French benchmark, should a bearish market be the result of today's FOMC.
Oil and the benchmark are closely related. As a fall in Oil prices can render any bearish market worse for the benchmark, as well as an increase in Oil prices can help sustain any bullish movement.
Re-entering the bearish market, as a result of the FOMC meeting, will send the French benchmark south, seeking 4387.72, with 4501.44 as a primary objective.
A breakout of 4673.96, will send it seeking 4783.38, with 4727.63 as a primary objective.
The daily Pivot Point is around 4587.04. The daily support levels are around 4547.32 and 4480.2. The daily resistance levels are around 4654.12 and 4693.84.
FPP & CAC40
TECP & CAC40
CAC40: Blueprints 8.The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38.
Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will send it seeking lower lows.
The daily Pivot Point 4708.75. The daily support levels are around 4677.03 and 4639.27. The daily resistance levels are around 4746.51 and 4778.23.
CAC40: Blueprints 8. The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38.
Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will send it seeking lower lows.
The daily Pivot Point 4708.75. The daily support levels are around 4677.03 and 4639.27. The daily resistance levels are around 4746.51 and 4778.23.
CAC40: Blueprints 7.The Cac40 closed in the green, ahead of the ECB's meeting. The French index succeeded in closing above 4936.87, which is a good omen for the bulls, as breaking out 4936.87 will open the way to 5048.56, with 5004,8 as a primary objective.
The trend remains bullish as long as the benchmark has its EMA20 as a support, which breaking out will send it seeking 4847.25.
The daily Pivot Point is around 4944.41. The daily support levels are around 4914.47 and 4871.34. The daily resistance levels are around 4987.54 and 5017.48.
CAC40: Blueprints 4.The CAC40 is extending its losses, as it has closed in the red for the third consecutive session. The CAC40 is leaning back on its EMA20, which forms a major support zone, alongside its 4850.17 support level. It will find strong support around that area, as volatility is decreasing, and the trend is still bullish, with 4850.17 as a support level.
An opening above 4905.33 will send the benchmark seeking 5004.8, with 4936.82 as a primary objective.
An opening below 4860.73 will send the benchmark south towards 4836.56, with 4850.17 as a primary objective.
The daily Pivot Point is around 4885.06. The daily support levels are around 4864.80 and 4840.46. The daily resistance levels 4909.4 and 4929.66.
Cac40: Blueprints 2The CAC40 closed another session in the red as a part of a strong correction that has sent it back to 4850.17. The current trend is bearish and the benchmark is hovering on its EMA20, where it will find some support. As a matter of fact it is entering a major support zone, which consists of the 4850.17 support level, the bullish gap highlighted on the chart, and the EMA20. The Benchmark is falling although tailwinds coming from the macroeconomic environment have beaten estimates. The French gauge will 4815.16 as an objective, should the bearish trend continue, which will be valid should the Benchmark opens below 4849.04 today.
The benchmark will have 4876.43 as a primary objective, should it fail to pursue its slide. It will aim to 4905.6 should an inversion occur. While an opening above 4888.73 will reject the downtrend and throw the benchmark again in a bullish market with 4915.62 as a primary objective.
The daily Pivot Point is around 4890.35. The daily support levels are around 4817.33 and 4778.01. The daily resistance levels are around 4929.67 and 5002.69.
CAC40: Taking a breath or inverting?The CAC40 is showing signs of weakness, that may be vanquished after the better than expected unemployment report, which was published yesterday. The benchmark will have 4972.7 as an objective, should it breakout 4924.24, especially if the benchmark opens with a bullish gap today.
The benchmark will head to 4850.17, should it breakout 4881.05.
The daily Pivot Point is around 4900.8. The daily support levels are around 4877.37 and 4857.61. The daily resistance levels 4920.56 and 4943.99.
CAC40: To continue the rally? The CAC40 is moving forth after a long period of consolidation, breaking out 4783.38, which will send it towards 4936.87, with 4850.17 as a primary objective. The benchmark will have 4783.38 as a support level.
Any draw downs will send it to 4753.89, with 4783.38 as a primary objective.
The daily Pivot Point is around 4763.09. The daily support levels are around 4709.19 and 4616.2. The daily resistance levels are around 4856.08 and 4909.98.
CAC40: heading to end the hesitation?The CAC40 closed in a neutral long-legged doji. It is still unable to close below 4673.96. Although, it breached it many times, but buying pressures were keeping it above that level.
The benchmark still needs to breakout 4718.88 to go back to 4744.97, which breaching will send it up to 4783.38.
Only a breakout of 4642.94 will send it south towards 4580.84, with 4619.87 as a primary objective.
The daily Pivot Point 4684.87. The daily support levels are around 4653.17 and 4611.24. The daily resistance levels are around 4726.8 and 4758.5.