Stockindex
CAC 40: Very strong long term upside potential. 6700 on sight.CAC is quite strangely printing on the big 1W/1M time frames a similar trading pattern with the early - mid 90s. The MA50/200 sequence is identical within a Channel Up with two distinct peaks that broke the Channel momentarily before testing again the supporting trend line.
What stands out in particular is the +46.50% rebound from the first Higher Low on both cycles. What follows after is a giant Inverse Head and Shoulders pattern, which gave rise to the second peak outside the Channel Up.
CAC40 is currently on that Inverse Head and Shoulder pattern attempting to price the Right Shoulder.
With such striking similarities it is only natural to assume that the current cycle will follow to a large extent the 90's cycle. Which means that after the Inverse Head and Shoulders is completed a +49.50% rise may follow (second peak outside the Channel) bringing the index close to 6,700. This is our long term target for CAC and the candle action times this by March 2020. After that the final Higher Low takes place which should pave the way for the new hyper aggressive cyclical bull market similar to the late 90s - 2000.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
Dow Jones: Sell Opportunity on 1D.The index is now testing the 1W Resistance (26,280 - 26,300). 1D has been trading on an Ascending Triangle pattern (RSI = 62.583, MACD = 150.200, Highs/Lows = 229.6786) and upon reaching this 1W Resistance zone on overbought stochastics (STOCH = 98.665, STOCHRSI = 90.823, Williams = -0.392) a sell window opportunity emerges. The SL however should be tight primarily because the index is on a long term bullish trend and secondly due to the Nonfarm Payrolls tomorrow which can cause volatility spikes above this level. TP1 = 25,980, TP2 = 25,820 (essentially the 4H Support Zone).
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
Dow: 100 MA Crosses under 200 MADow broke out trendlines to the upside yesterday and also closed above its 100 MA and 200 MA for three days but its 100 MA crossed below 200 MA the first time since 2015 with a divergence of RSI on the daily chart.
The Dow's 100 MA/200 MA crossing down could mean a lot from a long term perspective and we might see what would follow soon.
Dow gaps up opening today and now shows lower lows and lower highs on its 15 Min chart. It seems it might be a turning point date today and we will know it for sure after the closing bell.
Have we missed the big picture on stocks?This study focuses on the very long term trading chart of Dow Jones since the Great Depression in an effort to determine if stock holding remains safe following the markets cyclical correction since last September.
So far during each of the post war bull cycles every cyclical correction within the channels was supported on the previous Higher High. The only exception was 1990 but was reasonable due to the 87 flash crash of Black Monday.
The growth and duration of the current bull cycle (following the sub-prime crisis) is calculated on the average values of the previous too, although based on the relative ratios, each bullcycle may tend to be more aggressive and grow more and each consolidation/ bear cycle shorter in duration.
What those metrics show is that the current cyclical correction should not exceed 18500 and if this low is made it should be inside 2019 and start recovering towards the end of the year. Quarterly investors can look to allocate 50% of their portfolio on the current prices and the other 50% close to 18500, in preparation for the second phase of the current bull cycle.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
S&P 500 Rally Could ContinueThe U.S. stock markets have rallied nicely after last quarter's end of year route.
This is encouraging generally speaking for the market and overall economy. The current price structure looks like the trend could continue and even push close to previous all time highs.
With a Super Pivot Stack in place the price action suggests a move higher from here. At the very least the bias has shifted long.
Buy on confirmation of strength, if the price trades above the current session high, at about 2588.50 and place a stop loss at 2483.00. The profit target is 2752.00.
Nasdaq: Buy opportunity on identical fractals.Nasdaq has so far made a +13.55% rise from the December low, the strongest bullish sequence since the October All Time Highs. If this sequence is not a Dead Cat Bounce, then we've spotted a fractal that shows it can make an additional +8.45% rise in the coming weeks.
Illustrated in orange is the December 02 - December 25 candle sequence that led to the recent 5,820 low. Since then, the current bullish candle sequence is identical to that, only inversed of course. Essentially so far it looks like it is the same fractal. Now there are a lot (mostly fundamental) reasons that can break this candle sequence (without necessarily changing the bullish course) but it can be a useful guide for the long entries.
Based on the ATH/ 5,820 low Fibonacci retracement levels, a more modest long TP would be the 0.5000 retracement of 6,777.50 if you want to avoid taking the 100% fractal risk.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
DJI, Daily Chart Analysis 12/22Technical Analysis and Outlook
As shown on Nov 24 chart analysis, DJI inner Index Dip 23210 was completed as of Dec 20 trading session, while Current Index Dip 23365 is open for business. There is two additional Index Dip outcome for mid-long term perspective.
Currently, we have two strategic resistance levels to be aware of. Mean Res registered at 23223 and Key Res 23672 , while there are no significant support levels other than Index Dips outcomes - that however, will change as index price action will develop gradually. See 'Indices Market' tab for full Market Commentary.
SPX (S&P 500), Daily Chart Analysis 12/22Technical Analysis and Outlook
As shown on Dec 20 chart analysis, S&P500 inner Index Dip 2490 was completed as of Dec 19 trading session, while Current Index Dip 2382 is open for business. There is three additional Index Dip outcome for mid-long term perspective.
Currently, we have two strategic resistance levels to be aware of. Mean Res registered at 2547 and Key Res 2651 , while there are no significant support levels other than Index Dips outcomes- that however, will change as index price action will develop gradually. See 'Indices Market' tab for full Market Commentary.
NASDAQ 100, Daily Chart Analysis 12/22Technical Analysis and Outlook
As shown on Nov 21 chart analysis, NASDAQ's inner Index Dip 6273 was completed as of Dec 20 trading session, while current Index Dip lays at 5917 . There is three additional Index Dip outcome for mid-long term perspective.
Currently, we have one strategic Key Res registered at 6485 and no significant support levels other than Index Dips outcomes - that however, will change as index price action will develop gradually. See 'Indices Market' tab for full Market Commentary.
CHINA MARKET COLLAPSED 2019 - MORTGAGE DOOMSDAYYep, you heard it and seen it right.
CHINA50 one of the world most important economy and the stock market is likely to head for DOOMSDAY once again.
It's not just another correction, it is a melt-down a 30% shave off from the current value and 50% to 60% from the all-time high.
Technical we can see a DOUBLE TOP, and ironically CHINA STOCK MARKET RALLIED IN JAN 2015 when the global market was declining during that time.
This was the TECH BUBBLE IN CHINA as well as MORTGAGE LOANS which is bound for DOOMSDAY. HISTORY REPEATS ITSELF!
This is a no-brainer, CHINA was simply over-leveraging during the last 10 years. GHOST TOWN EVERYWHERE AND CONSUMER NO LONGER CAN PAY THEIR MORTGAGE DEBTS in an ENVIRONMENT WHERE
Interest rates are higher, YIELDS are LOWER, and VALUATION no longer keeps up with rising DEBTS. It's just another repeat of LEHMAN CRISIS AND THIS SHOULD GET BIGGER.
The Government is tightening things internally to slow down the imminent meltdown and to cushion this crazy non-existence of money that was borrowed ahead to create artificial assets so every CHINA can be rich selling their LAND AND PROPERTY! With money harder to be transferred out, and clamming down on corruptions and an SKY NET that watches every single cent moving within the country's merchant. More and more developments, as well as projects, are heading for defaults and crashes. Nobody is going to live in a ghost-town anyway.
Here we go again!
#Disclaimer, this is just a forecast. Happy Trading and Good luck folks. - FTD
NASDAQ 100, Daily Chart Analysis 10/28Technical Analysis and Outlook
The NASDAQ 100 finished lower coming from of Mean Resistance 7013 and bouncing off significant Mean Support 6786 . The next stage for transforming from bearish sentiment to bullish Dead-Cat-Bounce is Mean Resistance 7013 . If all else fails, the tech index will take us to the next significant Mean Support located at 6514 and eventually to the Index Dip 6273 .
SPX (S&P 500), Daily Chart Analysis 10/28Technical Analysis and Outlook
The S&P500 finished lower coming from of Mean Resistance 2705 and bouncing off two Mean Supports 2655 and 2630 . The next stage for transforming from bearish sentiment to bullish Dead-Cat-Bounce is Mean Resistance 2705 . If all else fails, the most significant index will take us to the major Key Support print at 2583 and eventually to the Index Dip 2527 . (See 'Market Commentary')
DJI, Daily Chart Analysis 10/28Technical Analysis and Outlook
Leg 2 was completed on Oct 24, and Oct 26 at Key Support 24694 . The next minor Mean Support is 24587 , Key Support is 24120 , Mean Support 23920 and the big one Key Support 2352 5, while Index Dip 23275 rests below. The bullish Dead-Cat-Bounce is shown at Mean Resistance 24974 .
DAX Index, Daily Chart Analysis 10/28Technical Analysis and Outlook
The DAX Index completed its journey towards inner Index Dip 11157 after a steady to lower from Key Resistance 11777 . Currently, the Index is consolidating and position itself to perform Dead-Cat-Bounce to weak Mean Resistance 11302 and more serious Mean Resistance 11521 . If all else fails, the index will take us to the next major Index Dip at 10658 .
V1:W1_S&P 500_Trading the week ahead_Levels of interest_Updates!Hello everyone! Enjoy the analysis!
Stocks and Indexes are in the midst of a nasty pullback. To the untrained eye this looks nasty but do not play a fool, this pullback is textbook HEALTHY. Happens at least once a year. The US Stock market is the SINGLE best place on earth for capital growth. This discount is truly a blessing, do not miss this pullback. Do not forget who is president and who was put in charge of the FED who controls this market.
But we cannot buy too early. All indications are representing the bottom is in here. The foundation is sturdy and price bounced of a MAJOR fibonacci cluster that has been influential since the start of 2018. But based on my experience trading the S&P, she won't simply run higher nicely. She will stopout traders anyway possible before making the move higher.
So in this context, I am most excited about a run down to those lows to look for longs. I would not be surprised to see price run 5 or 10 handles past that low, but rest assured I will be watching VERY closely when price is around that 2708 level to take long positions.
In the event price closes the week below those lows I would in fact assume a loss.
In the short term price is coiling in a tight channel which is setting up perfectly for a nice trickery setup to start the week. At some point this week I expect it to break with force to the downside to retest those lows and fill my entries but the move with most likely will not be Monday or even Tuesday. I know this market likes to hurt people, so we will likely break higher and continue putting in false bottoms until those lows are re-tested. Be careful and watch for sharks!
Please note I will be trading the E-mini futures /ES as a United States citizen I cannot trade SPXUSD. However, the live CFD data is free with Trading View and SPXUSD is simply a derivative of /ES. Don't be alarmed
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
DOW JONES INDUSTRIAL AVERAGE DAILY CHARTDOW JONES INDUSTRIAL AVERAGE DAILY CHART
10th October, 2018
Back in July 26th we expected the recent sharp
drop. As showing in the chart this could be or even
get better level to buy for eventual all time high target
around 28000 area during the forthcoming weeks.