GER30 future - After previous analysis, DAX was unable to test 14131 the all-time high from the past trading week. Bear scenario: It is important for bulls that the price zone at 13718 not undercut on a weekly basis. Should this price zone be undercut sustainably, the bears could continue to gain strength and push the bulls back down to 13249 - 13460. Bull...
S&P500 future - After previous analysis, the 3678 price held and we reached our goal of 3800 - 3850 and 3870. Bear scenario: It is important for bulls that the price zone at 3800 – 3820 not undercut. Should this price zone be undercut, a correction could push the bulls back into our price zone of 3778 and 3737 – 3706 – 3680. Bull scenario: The next upside...
DXY Index: is sharply lower since 2020 March while Euro is on its way up to 1.25 or 1.30! USD down to support areas at 89.40 - 88.30 - 85.80 - 85.00. Resistance at 91.80 - 90.95
Gold and Silver will soon move out of it´s 4 months consolodation and then we will see the next big upleg. When or if it breaks above 1915-1920 we see 1970-1980-2074-2140 -2180 ect. Remember it will never go up in a straight line it will go back and forht. Support 1850-1860 must hold for now.
Gold & Silver will soon move out of it´s 4 months consolodation and then we will see the next big upleg. When or if it breaks above 1915-1920 we see 1970-1980-2074-2140 -2180 ect. Remember it will never go up in a straight line it will go back and forht. Support 1850-1860 must hold for now.
Some few updates on the chart - resistance and support
Some few changes on the chart - resistance and support lines.
GER30: I do not go into details with DAX my target is 14078 - 14088 maybe higher. We vill have pullbacks but the stock market is poised for a sprint to the end of the year and beyond. The melt-up is just beginning and I just trade what I see.
DOW is still in wave (4)(C) in wave 3 down. The lower trendline will confirm.
This could be A Larger wave B - see previous gold analysis.
We can still count the DOW in a larger wave (4) correction or in wave (5) up.
Update: The Dow Jones is still in the ED pattern. We can count it in wave (5) up, but we could see a larger wave red line (4) correction.
Dow Jones: Dow went lower Friday morning and bounced higher again in a wave 2 correction. Next week will confirm any downside move.