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GDOW: Global Dow Step UpGDOW Global Dow (USD) Step Up The Dow Global has made a similar pattern to the Dow itself with a double bottom at 2970, the second bottom picking up the longer term parallel. Since then it's got itself trapped within the same triangle formation we see on the Dow, still using the lower parallel as ultimate support on down-side tests.Whilst it continues to do so the longer term trend remains in tact. This index has behaved in text-book fashion as the great rally progresses, with each decline being arrested by the previous high, and moving North in a series of steady steps. The next big test comes on the next touch of the falling dynamic (which defines the upper boundary of the triangle formation). At some point soon this challenge will arrive - even if it gets rejected again one more time this rejection is likely to be the last and should be short lived if we do see it happen first. Once it does so it should rally with all world markets to 3109 and consolidate there awhile. A break above 3110 would in turn be the next near term bull signal for world markets in general, opening the way for a rally back to the ATH at 3322. This has, so far at least, been a very reliable confirming back-up signal for other major markets across the globe. When it breaks higher it's therefore the confirming signal to get long of your local market too. We're looking at a 10% average rally across all major stock markets when it triggers. Yours might do even better ... Be lucky.
GLong
by sumastardon
1
SPX Short Term BuySPX appears to be setting up to move higher in the short term. I remain intermediate term bearish, but several important supports were held this week even with consecutive down days in the market. Volume was robust, and recent market leaders showed strength, especially in to the close.We broke above falling trend line resistance at the beginning of the week and remained above it as we consolidated, and also remaining above upward sloping trend line support. We tested intraday and held above both the 20dsma and 50dsma, the latter of which is coinciding with the 61.8% retracement of the swing from all time highs to the February lows. It's worth noting that the 20dsma is currently below the 50dsma, causing concern further out. However, the 50dsma remains firmly above the 100dsma, a level that acted as rough support during the selloff. (While not depicted on this chart, the 5/13dema that I use is in a buy setup.) Over the next week or two, I expect markets to retest highs or get close, at least retesting the 78.6% retracement at 2800, as March (and Q1) come to a close, but sideways action may prevail if bulls and bears are in equilibrium. A break below the trend lines, moving averages, and 61.8% retracement would invalidate this bullish short term view. A break below would also warrant shorting, as accelerating selling will likely occur. I remain bearish looking a few months out, so shorting at the highs (or 2800, the 78.6% retracement) will be the next setup. Remain cautious and quick to exit any short term long positions, as declines will likely be swift and volatile.
SP:SPXLong
by EchoAlphaBravo
Dow: bullish start to the weekend. If you are looking for correlation between multiple oscillators as your signals for entering trades then you have come to the wrong place. Remember this is a cat and mouse game where the mouse is chasing the cat and the cat sometimes turns around and eats the mouse. As for the dow tomorrow, expecting a bullish breakout although entering before there is at least a half percent deviation off the 100 EMA on the 4 hour takes on risk I would not want to have as this market has been a bit choppier lately. Dips are not immediately buying back as we saw throughout 2017 where sellers were squeezed and the algorithmic traders were adding onto already enormous longs. These dips still present an excellent opportunity to buy in at discounted prices for a short term swing. Preferred Exposure: calls, 25500 strikes
FX:US30Long
by QuantTrading
1
Inflation and North Korea gittersPrice Action: Markets have consolidated for a month into a triangle after a long sustained rally. Expect continuation higher after what should be seen as a healthy market consolidation. Inflation fears drove the initial sell-off which was anything but healthy, but markets recovered and sank again on fear of tariffs and trade wars, lastly boosted by North Korea news this morning. Try to not get whipsawed by the news, focus on the price action which is showing us the markets have consolidated after a long sustained rally, expect it to continue higher after a breakout of the triangle formation.
AMEX:SPYLong
by OptionsPlay
XRP touching the bottom ? #xrpthestandard #xrp #rippleEven with goods news, new partnerships, good Q4 report, xrp is still very correlated to BTC which is bearish since BTC futures , let's admit it ! Though i believe that we touched the bottom, unless we get more bad crypto news in Korea. Robinhood app listing XRP and open trades in february may help the bulls coming back : techcrunch.com Coinsquare, the equivalent of coinbase in canada is doing the same in february : ripplenews.tech Coincheck refunded his customers after the hack of Millions of XEM tokens. Even if it shows that crypto market's security is still weak, it sends a good signals of trust to future customers.Even if their platform get hacked, they may not lose their tokens : www.bbc.com For the hodlers, Here is a video of barlinghouse "a huge central bank may want to use XRP to settle" : twitter.com Happy trading !
Long
by ElTrapo