Omx 30 will challenge ATH We will go up and challenge ATH, then we will collapse and consolidate volatility until the US presidential election
OMXS30 trade ideas
OMX - Week 25Navigating for a potential ABC correction phase over the next days/weeks before heading north in the fall? Looking at today's close followed by tomorrow for a potential bearish reversal pattern.
OMXS30 - Short OpportunityOMXS30 might have some percent upside, but the market is starting to show weakness. This recession is just starting. Here is a shorting idea.
OMX30 - DailyIndex is up almost 23% since the bottom bounce a few weeks ago, and it's still below Fib 50% (1580) and EMA50 which, in my view, is still negative although we are trending above EMA20 - possibly positive in the long term.
On 20 April, OMX formed a hanging man that was confirmed with another red close on 21 April. As long as we don't make a new high, I'm looking at 1470 and 1400 (Fib 50%) as levels to go long (mainly the latter than the former). MACD and Stochastics also signal negative divergences which re-confirms the candlestick pattern.
In conclusion, with a 23% rally, a slight pullback would be healthy before we form higher highs and higher lows.
OMX S30 marketThis analysis to know the destination of OMX S30 markets. so waiting just the break with high candle
OMXS30 - Björnen sover för tillfälletTar realisterna över vid FIB 50% eller ångar optimismtåget vidare?
Getting close to the fibb areas and MA200 -Closing into the fibb 0.618 area. Could bounce and get a new kick down to our strong support at around 1344.
If we break the 0.618 area we could go further to the next strong 0.5 area and 0.816 would act as a new support.
OMX30 - DailyPrice rose to the resistance of the newly formed channel. As we have approached Fib 50% & 61% resistance levels, as well as the bearish close of SP500, I'm expecting the price to re-test the 1400 level. However, if we break above 1520, we would then challenge Fib 61%.
