German Stock Index DAX (*Now it has met a decent resistant)German Stock Index is trying to bounce downward using 12450 as nice resistant.
Now it may be BEAR pressure as long as the price is below 12450 and 12550 regions.
SLight Bear but watch closely.
Trade Safe
s0nic
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Indextrading
DAX Index: Short TargetI believe a 13570 short target is inevitable with medium risk. Many industrial and tech companies are starting to gain notice in Germany and the overall indication of strength of the startup scene have increased. Even though Merkel's policies are regulatory tax wise, companies have still managed to sustain some growth as well as recouping of positive correlations there. I think the expectancy of a year over year average will likely show healthy strength.
Dow Jones Index TargetI expect the Dow Jones within a week or so to be hitting a $26225 price point. I definitely say it is bullish and potential resistance could be near. However, the correlations have been seemingly positive and as an index of the general market, it looks like a good position. As a HODL it looks to be a fairly conservative investment strategy to be in your portfolio. Still obviously you got that risk, but I would not withdraw to quick. You can always invest in many different index funds or the S & P as well as just the top performing stocks. Overall, it is about mitigating risk and maximizing returns.
HSI Short Position CallingGiven the Hang Seng prices about to reach its high point, I call a short for this upcoming week. While there is potential for some long term gains, I believe an extremely short position is conservatively the best calling. That would maximize losses and still bring some profits just looking at the technical analysis of past charting patterns. Also it still looks extremely bearish given it is a strong buy. I would predict the best strategy would be a short over long holding for expected positive correlations. Overall though, it is extremely highly investible.
SSMI (Swiss Market Index) LONG setup (H1/H4)Hi, traders!
Swiss Market Index* INDEX:SSMI formed the bullish wave and appears to be ready for take off to point 6.
This potential move is being supported by RSI divergence as well as significant volume at point 5 (unfortunately not available here, but I can see it in my terminal).
It is also worth noting that internal structure of the wave is being enhanced by already completed minor bearish yellow WW.
Good luck and profitable week!
IBEX 35 bullish momentum should continue towards 9000 level 8726 level support has a bullish candle confirming my bullish bias, the perfect buy would of been at the 856 level.
That bearish engulfing void candle at 12pm was just there to take out stops, the 4 hour block has been violated so this shows uncertainty because price has dropped on 8830 level and has also shown bullish action before. 1 hour time frame confirms my bullish bias.
S&P on holdCONSOLIDATING AFTER THE RIDE - After multiple upside breakouts in the past 6 months, including breaking a previous historical high, the S&P500 currently seems to be in "waiting" mode but with a long bias, trading between its 50MA and 100MA ranges.
FUNDAMENTALS ON HOLD - Last week was mostly about waiting for the Fed to speak (bear flag), until a rather dovish central bank took the market higher (Fed relief). This week is mostly about the upcoming US presidential debate and OPEC meeting. Earnings season also starts next week. Expect this uncertainty to bring some volatility.
TECHNICALLY: LITTLE CONVICTION - While the bear flag was invalidated towards the end of last week, it did so with only mild confidence - The index remains above the top of the flag but below its 50MA. Short bias below 2160. Long bias above 2165.
TRADING CONCLUSION - I would refrain from trading the index until we get a better directional indication, hopefully this week.
FOR THE BULLS - Die-hard bulls would want to purchase SPY Oct 21 219.50 calls and pay a small premium (0.85 cents/share = 0.39%) to get exposed to a further breach of the most recent historical high, with minimal risk.
USD Challenging New Lows Morning traders, interesting down move by the USD as it has pushed below recent lows and is headed for the most recent lower high.
A close below that would confirm further downside to the high low at 11840 Stops at the last high 11990.
Of course a failure to close below the last higher low does open a buying opportunity as we see the RSI headed for oversold territory. Lets see what happens.