DJI had broke down from the 200EMA. Base on Fibo 1.618 the target is in the range of the yellow box, coincidentally collide with the historic support...jobs are loss from all over the world...not just USA alone. Prepare for the worst...
DAX has touched (and marginally breached) the 11,620 1D Support today (RSI = 36.615, MACD = -138.200, Highs/Lows = -362.6572) forming a Death Cross on 4H (MA50 crossing below the MA200). This is normally a bearish pattern but has proven to be bullish for DAX on the 4H scale. ** If you like our free content follow our profile (www.tradingview.com) to get more...
With Price respecting the 24733.12 Monthly support. The bulls have been in controlling and we've seen price rally up. With the break of 25400 area, we can now expect price rally up into the 26000 Region of resistance. 26000 target also being in between the 61.8 and 71 Fibonacci levels.
I've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so...
I posted earlier on my Instagram www.instagram.com that I can see downside targets in Amazon for the intermediate term achieved and this could present a buying opportunity. Long-Term I was looking to test the March Lows, however, it has retraced 50%, which is technically the median point of this rally, where traders can load up at cheaper prices.
I posted earlier last week on instagram @long2bear, that there was a Head Shoulders break on the #NASDAQ100 and look to sell rallies, the market touched the neckline, then we sold off hard. As you can see, we had our targets mapped out, and you can see, we nailed it. At the moment, on the sidelines until the chart clears up and presents us, with another...
O YES THE FEAR IS HERE.. exciting times for traders worldwide.. To be continued....
Longer term into the end of next year the TSX is attractive for bulls. Currently the index may be as much as 6% over the average analyst year end target. Were the analysts too conservative in their 2016 year end forecast? With the fall historically being bearish for markets and oil, a significant pullback ahead seems reasonable. S&P/TSX Composite...