SalahBouhmidi

SalahBouhmidi

The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the...

SalahBouhmidi

The previous day's low (5038) is currently supporting the bulls. Interestingly, we have not been able to break through the overnight high (5057) yet. A breakout above it can set new impulses, with the next targets being the upper #BouhmidiBands (5069) and the previous day's high, which is even higher at 5095. However, a break below the previous day's low (5038)...

SalahBouhmidi

After a nervous start and breaking through the previous day's low (17716) and the lower Bouhmidi bands (17678), a relaxation in the form of a reversal towards the range of the previous day is emerging around noon. This is initially a positive sign! The next intraday targets are: If defending the previous day's low: 17761/17863/17996 If falling below the previous...

SalahBouhmidi

After the initial balance, we see that the index continues its weakness and has broken through the 1 Bouhmidi-Bands and the point of control (POC) of Wednesday . Today, the previous day's low and the 1.5 Bouhmidi-Band converge at 5138. A test of 5138 is possible with even a reversal towards the BB range. I also now include TPO charts

SalahBouhmidi

SPX - Nice trend day in play. After defending previous day low we moved higher and breaking previous day high. Bull Puts on 1 + 1.5 sigma #BouhmidiBands working out fine today.

SalahBouhmidi

S&P 500 fell below the important level of 5200 and below the lower BB as well as the previous day's low after higher inflation data then expected. Now right after initial balance, we see a reversal towards the bandwidth. If the level is not reclaimed, the downward trend could continue today. The next targets would then be at BB (5148/5128).

SalahBouhmidi

What a Day - After a reversal at upper Bouhmidi-Band we have seen massive selling pressure that even broke lower BB and is now making a reversal at 1.5 sigma BB. Wondeful ron Condor on 1.5 sigma today.

SalahBouhmidi

One hour to go buyers fight for 1.5 sigma upper Bouhmidi-Bands

SalahBouhmidi

SPX starts with a gap-up and initially fails at the upper #BouhmidiBands. After the initial balance we have seen a breakout above upper Bouhmidi-Bands and now reverting back to bandwidth.

SalahBouhmidi

XETR:DAX update - New all-time high due to an expected test of the upper #BouhmidiBand. Attention trend day. A breakout should bring new impulses with the US opening.

SalahBouhmidi

started around previous day high and is still trending sideways an hour after opening. A break above could continue the uptrend heading to new ATHs. Next target ist then upper #BouhmidiBands at 5028.

SalahBouhmidi

XETR:DAX - The gap-up at the beginning was immediately closed again. Yesterday's previous day's range was almost completely filled. A fall below the previous day's low at 16859 could accelerate the downtrend intraday and target the lower #BouhmidiBand at 16784 next.

SalahBouhmidi

S&P 500 starts sideways into initial balance. Levels I keep an eye on for today: Previous Day High: 4975,29 Previous Day Low: 4907,99 Upper BB (1): 4994 Lower BB (1): 4922

SalahBouhmidi

S&P 500 one hour to go. New all-time-high in the pocket but as mentioned agressive bulls out there today. Trend was confirmed through couple of indications: -starting above previous day high -Break of upper Bouhmidi-Bands (1 & 1.5) Currently we are close to 2nd upper BB - Here is where the party ends today.

SalahBouhmidi

DAX started today with an opening gap and broke through the previous day's high. However, the leading index showed weakness after failing to conquer the upper #BouhmidiBand and initiated a chartbook Bouhmidi reversal. It looks like the intraday gap may be closed.

SalahBouhmidi

One hour after opening we trade sideways above previous day high 4906 which acts as intraday support and below upper #BouhmidiBands at 4941 which acts resistance for now

SalahBouhmidi

Even if we had the FED meeting today - It was a clear and visible that selling pressure will lead the way. SPX started with a gap down and showed no attempt to close the gap at open or within first hour (initial balance). Right after intial balance we broke wit lower Bouhmidi-Band indicating more selling pressure to come. After two attempts to regain the first...

SalahBouhmidi

We broke the lower Bouhmidi-Band as expected after we broke the previous day low. Right now we see a reversal back to bandwidth but could end up as a pullback short heading to 1.5 std (4873) and 2 std (4856) with FED in mind.