Indicies
All Share - Bull flag break ? Crazy as it seems at these lofty levels, this look like a bull flag break with a target of around 58k. Overhead resistance also broke with a retest of support on a shorter time frames. 1000pts to go.
DAXMy favourite instrument to trade if i had to pick only one it would be this index.
Anyway just sharing analysis and plus something for me to look back on entered 2 positions so far today on the short, we could see a retest above on the monthly zone before that drop but as for now I am in.
TP1 and TP2 are there for the long term bias, however for the week 10300 and 11000 is more realistic for now. But overall it would be nice to follow and look back on the analysis end of the month and see if it was correct and to journal and note.
#ALSI ResistanceBe careful in taking new long positions. Bulls had an incredible rally, but for me it's time to be cautious. I have mentioned this before and I maintain this position. Time for consolidation is overdue.
$JSEJ211 Industrial Index 25. Top for channel Looks like me might be headed for the bottom of this channel next. All share will follow due to the heavy weighing of this index.
#ALSI Close to resistance Time to start becoming cautious again. We are in over throw territory here. Take care when committing to new long positions.
bazzman78tv - FTSE UKX level to watch W.C 12/02/2019Hi there,
The way i see things (purely my opinion only), technically it makes sense to me why there has been a rejection late last week of the recent rise up.
You may be asking - what is in the way for resistance levels? Well,
We have
- September low (red horizontal line)
- November high (red horizontal line)
- 50% Fib from recent low/high in the way
It is quite possible we may see some weakness next week - based on my daily chart review.
Notes:
Green line = 500 day SMA
Black line = 100 day SMA
Yellow Line = 200 day SMA
Red Line = 55 day SMA
I only use one indicator being the slow stochastic indicator.
No dramas.
bazzman78t
09/02/2019
Bazzman78t - First official post on TV, SPX500 for W.C 12/02/19We all have different ways of analysis and reviews - and i know there is no one right method. Here is my first share and post.
This is my take on the week ahead for the SPX500 (week commencing 12 February 2019).
Interesting resistance levels to watch - as shown on my WEEKLY chart.
55 day MA in sight
61.8 fib from recent low high
Notes as part of my normal chart setup:
Green line = 500 day SMA
Black line = 100 day SMA
Yellow Line = 200 day SMA
Red Line = 55 day SMA
I only use one indicator being the slow stochastics.
No dramas.
bazzman78t
09/02/2019
#DJIA We are in a very precarious spot. There has been a lack of momentum above the 200 day weighed moving average. If weakness continues today, we will most likely end up with a bearish inverted hammer on the weekly. This is not the type of set up where you would want to add to current positions. Strength was likely driven by retail investors and not institutions. A correction in a bear market.
All Share - Think we still have some upside potentialTechnically I sill think we could still see more upside before a proper resistance level is reached. Cautiously optimistic.
JSE ALL Share Index - Inside day Pin bar yesterday followed by an inside day today. More downside to come....?
All share index - Overthrow and breaking back into channelNo follow through became a common theme in 2018. Lack of momentum clearly visible on the JSE.
JSE all share index - Top of channelALSI at top of channel again. Will it break this time around or will resistance hold once again ?
ALSI formed a bearish shooting star doji on dailyALSI formed a bearish shooting star doji on daily right on a resistance level. The bottom of this well defined channel is a likely target in coming days.
Respecting the bearish channel in SPX - SHORTS THROUGH 2685Trade set up: Our bias leans towards a short in the SPX, where we are looking for a break below the recent low of 2685 to enter the position. Upon this development, we would set a stop loss at 2725 and our take profit set at 2603. This profit target is subject to change and dependent on the price action, as a break of 2603 would hold huge bearish implications. We will update this idea as it plays out.
Why we like it: Technically the trade is pointing to a solid short opportunity – with the stochastic momentum heading lower, and short-term price analysis showing a series of lower lows and highs. The 5-day EMA has acted as dynamic resistance and contained the rallies of late. We also note the recent 8% relief rally reversed off the 61.8% Fib level.
Our view is to wait for a break of the 30 October high of 2685, as this would throw a probability of an extension of the bearish channel and suggest a move into the neckline of the recent double top at 2603.
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