Rebote en 8.800La bolsa Suiza podría debotar contra la resistencia en 8.800p si hoy cierra por debajo de dicho nivel
SMI
World Economy: Recession is here! I guess...Hint: To see a chart maximized, click on the button on the bottom of the chart which appears when you hover over it.
(Or you can click on the chart and press Alt + Enter)
Market starts to react on Corona Virus. IMO it is just the trigger, not the cause though. The Economy has been kept alive for way too long by FED, ECB etc. with measures like "Not QE", balance sheet expansion in the repo market, which then directly inflates stock prices or countries letting companies like NASDAQ:AMZN pay no taxes at all (while automating away jobs). Thus the booming economy was never stable as only the shareholders profited off of it but not the middle class (inequality increasing, especially in countries like USA). Now is pay day for shareholders.
Left: Price targets for TVC:SPX / SIX:SMI based upon simple support lines
Top Right: CBOE:VIX (Volatility indicator) shows troubling times ahead as it is rising sharply now.
Bottom right: Inverted Yield Curve Un-Inverts as of now. It is an important indicator to show, whether the US economy is slipping in a recession.
Swiss Market Index reaches resistance on 2M MEGA ChannelJust Wanted to share my observations.
SMMA/EMA:
SMMA cross down (orange): "bottom reached"
SMMA cross up (green): "bull market incoming"
RSI leaving overbought zone and MACD signal cross downalso signal corrections / bear markets.
Although the market reached resistance, the Swiss economy is still pretty solid, so it may just stay at around this level for some time like it has done before in 98' to 00'. MACD and RSI are not sending bearish signals already but may will in the next few years. I would even assume there can come another push to the upside due to the over-bullishnes of the market and other circumstances like central bank interventions (QE) and others like not taxing big (tech) companies, no interest rates on bank accounts etc.
SMI may continue lower in at least another swing downTime scale: 4 hours.
Status: SMI is turning down against the 2/20/20 highs at 11270
- where the intermediary wave (C) is favored ended a cycle up in wave Y (circled) from the 12/27/18 lows at 8138.56
- where the wave X (circled) has printed a bottom correcting the cycle up from the 2/11/16 lows at 7425.1 (not shown)
- where the daily right side is up.
Trading idea: While bounces remain below 11270, expect index to extend lower in at least another swing down. Hereafter, the trend up may resume or produce a 3 waves bounce at least. We dont recommend short selling, since the daily right side is up.
BTC - Weekly Retesting MA 20BTC in October bounced off MA 20 (red line) downward (first Arrow) and tested it again this week (second arrow) next week will be fundamental to so if it breaks the MA 20 or bounce off again
SMI about to flip bullish
weekly candle closing above MA 50 (green line) and MA 100 (yellow line) as a bullish sign
weekly candle closing above trendline (straight white line)
SMI: Bullish extension for Swiss Stocks to 10,400.The Swiss market has broken above the Rising Wedge's resisting trend line (dashed) and may follow the 1W Channel Up pattern (RSI = 63.217, MACD = 177.900, Highs/Lows = 173.0836) which started in early May. Based on the RSI break out it has an upside potential to at least 10,400.
Keep in mind that this break out is part of a larger bullish move as we illustrated in May (see the chart below). The Swiss Market Index (SMI) has entered a new long term Bull Cycle after it broke above its 12 year Resistance last April:
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EURZAR BULLS OUT OF FUEL??Using multiple MA formulas to find weaknesses in trends. Slowing them down paints a much better picture for you.
Using
Detrended price oscillator
SMI
Ultimate Oscillator
Chaikin money flow
Slow Stochastic
Slow volume oscillator
Use faster charts with same concent to scalp
If uncertain about 1 indicator alerting of cross, wait for 1,2, or 3 more alert of cross as well. = More coservative entry
SMI: New bull market on Swiss stocks. Excellent buy opportunity.The Swiss Market Index broke past the 9,600 1M Resistance in April. This level has been rejecting any upside movements since 2007. This is a cyclical mega long term development as a new bull market is emerging. Since it has been trading within a long term Channel Up (RSI = 59.500, MACD = 210.200, Highs/Lows = 364.7764) with recurring bullish leg, we have no reason to believe that this will be discontinued. If the current bullish leg also lasts around 1430 days, then this puts the next Higher High around 12,500 by late 2022. Excellent long term investment opportunity on Swiss stocks.
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Comments and likes are greatly appreciated.
SMI Major Multi-Year Resistance (Monthly chart)The Swiss market index is now again testing a the major multi-year resistance around ~9 500 which in the past has produced multiple strong rejections.
Potential Short-term/Intermediate-term bearish plays from this resistance. Lower timeframe for possible entry.
Undecided, struggling... and synonymsUSDJPY more or less follows US10Y. Right now it is closing in on the resistance. Far from its EMA however. It might mean there may be a reversal move. SMI weakens like the least time it touched it. "This time is different" quoting the classic. But on the contrary to this popular and often false phrase, this actually may be different. Watch out for the guide in the disguise of yields.
Bounce off the wallA book price movement: Breaking of support and then small correction with continuation of the trend afterwards. May head lower into the territory of $2692 as shown by LOW support on the chart.
A bit lower low on SMI may confirm the continuation of trend.
NANO ETH 1D bullish Ichimoku and TrendMaster* Confluence from sine wave and SMI as well
* Minima from low of Feb 21st, and Maxima at open of March 4th
* Have set an aggressive entry a bit higher than the prev HH fractal's wick
Swiss Market Index LONGLong SMI. Trend continuation. 200MA acts as support, supported by 100MA heading up. On daily TF RSI oversold with divergence COPPOCK confirmes it. Coppock above 0 line on Daily Bullish momentum price above 20MA. Looking for retest of structure usually SMI lags behind EU indices or FIB extension to reach new highs. GOOD LUCK
BTCUSD rough channel til JunUsing 1day-Bollinger Bands (BB,20,3) and SMI Ergodic Indicator (well, basically both are price based as SMI_Ergodic is based on True Strength Index) for BTCUSD and adding a rough extrapolation (using data from Jan-Jun, 2014) -> I think that BTC might be zigzagging in the roughly-hand-drawn channel (upper: red, lower: green).
This is NOT a trading advise, just a biased idea from a non-pro. Do your own analysis, study risks and use stops . Criticism/comments/ideas welcome.
ETHUSD longHere we have 8h ETH-USD, I think that ETH might be a good call to buy now, because
- Coppock entered +
- Volume is supercool
- RSI seemed to leave lower zone
- 8h Klinger and SMI Ergodic both OK
- Supports (MAs) are OK.
My tactics:
- Buy in 1/3 @1070, 1/3 @1050, 1/3 @1030
- Stop sell : @1000 (3-7%, WA:5%) loss, or on volume drop
- Exit 1/2@1300 (25%), 1/2 ATH+ (based on indicators), but before 14th of Feb
This is NOT a trading advise, just a biased idea of an unpro, always use stops, avoid FOMO, calculate risk, and don't risk more than you can afford to lose. Comments/criticism welcome (preferably with reasoning)!
Swiss SMI building up positive momentum?#Swiss #SMI poised for a move north up to highs early 9100's? Base around mid 8800? Support 8800 then 8700?
SMI20 (Swiss Market Index) LONG projectGreetings, traders!
TVC:SSMI reached point IV of the bullish wolfe wave and after failing to break the resistance level(s) is heading South to point V.
If this point is reached and reversal of downtrend is confirmed by forming the local low and supported by divergence/volume/data, it can become a nice long opportunity.
GL All!
Swiss SMI at All-Time Highs*! Its worth pausing..*All time high ('ATH') on a Total Return basis (dividends reinvested)
1. SMI has rallied an incredible 4% month to date, 7% in 30 days.
2. 'ATH's are defined as a tops set and not surpassed for several quarters to years.
2. We distinguish between rallies below the 'ATH', and rallies above 'ATH'.
3.a. Rally to the 'ATH' (from below) can continue similar momentum for a couple more weeks,
3.b. Rally above the ATM tends to be marked by greater volatility, and pullbacks following on average 3 to 4% gains. We are in the latter.
4. The last 'ATH' was followed by a 14% pullback.
5. Relative Strength at extreme overbought.
Trade idea: Short, but with a stop x% above current level to mitigate a further upswing. Up to you to decide x!
SSMI - SWISS MARKET INDEX: EXPECTING A BIG DROPSSMI is in a corrective phase. I'm expecting a possible completion of this expanding structure for a strong move to the downside. A strong breakout of this structure to the upside invalidates the setup.
GBPAUD SHORT SMIO/SMII & VOLUME PROFILESMIO AND SMII show there's still a relatively strong dip going on. When looking at the H4, we can see a (not so clear) channel. Combined with the looks of the Volume Profile, the most logical move is the continuation of a short at least until 25th of May 2016 (this wednesday).
However. There could be newer support that causes a slight bump up and then down through it at around 2.00000 flat.
If that is the case, watch out and tread carefully at that level.
After this move we can expect the finish flag to be found and then either a small dip below the channel support or a trend reversal to LONG on thursday (26th) or a bit sooner.
