If this 76.4% breaks, then a double bottom scenario is also a possibility today on Dow as I have some potential support on 347 ish.

Trade the Dow/Dax

Sorry for my absence, had to run out this morning. Dow did indeed come off the Central Pivot area and has just stopped short of the 76.4% retrace from yesterday's low. This will be the test for whether it will go lower today, although currently the ...

Trade the Dow/Dax

So a good pullback already on Dax, but it has hit its 30m 100sma, which for me should be a pretty strong R level, so we'll see what London does. It could easily continue north for sure, as there is plenty of room for higher highs on the bigger tfs, ...

Trade the Dow/Dax

Morning! I'm looking at my Dow charts, and it looks like we'll get something of a pullback before and if this pushes lower. Today's CP @ 480 is on top of the 5m 200sma/ema, so this could be a level it heads for and turns, if it gets there. The price ...

Trade the Dow/Dax

Just taken these screenshots from my other thread as they show where we are with the Dow currently. The Daily I posted last week, and with today's heavy 314 pip drop in the Dow, it looks like that may have been a correct call and that we could be in ...

Trade the Dow/Dax

This will be my last post on this thread. For those who are interested in trading the Dow and the Dax, you are welcome to join me on my new interactive thread. url

US and Euro stocks mounting one more rally before crashing?

I'll be on here from tomorrow morning. For now on the Dow, that 700 level is the one to break, but there is formidable resistance there it seems.

Trade the Dow/Dax

BTW, my S1 is @ 515 on Dow. If it breaks, she really could fall deep all the way to S3 @ 415.

US and Euro stocks mounting one more rally before crashing?

If Dow does push lower, then S1 pivot today looks like potentially strong S, as it sits on top of the H1 200sma which sent the price back up yesterday, which in itself doesn't mean much, but it does still look like a support level if this 15m 200ema ...

US and Euro stocks mounting one more rally before crashing?

Yes, these spikes must be seen for what they are, because when they have hit resistance, they turn fast and hard, typical of a market highly uneasy about its levels. 15m 200ema touched now on this dip, which held yesterday and overnight. Will it do ...

US and Euro stocks mounting one more rally before crashing?

[/B] Now formed, and although the neckline was just broken, the price has come sharply back. Looking for potential tops today, that is a strong contender.

US and Euro stocks mounting one more rally before crashing?

Okay Dow almost up on 600, so this level might hold this slow northward grind

US and Euro stocks mounting one more rally before crashing?

Dow caught between its 10m 200ema as S and 100sma as R atm. I think we're building for a drop, but the price, which is really in no man's land atm, could go either way right now, though this R has to crack, as does the S. On a bigger tf, I have 600 ...

US and Euro stocks mounting one more rally before crashing?

Thank you for that Medici, looks very interesting.

US and Euro stocks mounting one more rally before crashing?

I agree with that 100%.

US and Euro stocks mounting one more rally before crashing?

Ah right, I thought so. I have so much indication of a potential top anywhere from here to 27,000 that it's driving me crazy. You know it, I know it, the market knows it, so it's just a question of watch and wait for that big signal, as there has to ...

US and Euro stocks mounting one more rally before crashing?

Last post from me today. I've got some potential resistance on the Dow just above at around 585. If it breaks then the price could break new highs for the day, though it might struggle.

US and Euro stocks mounting one more rally before crashing?

Remember, Dow is on a triple top/head & shoulder, and the market knows it, which goes a long way towards explaining the pa we are seeing at the moment. There is also a smaller head & shoulder best seen now on the H4 chart. The forming shoulder ...

US and Euro stocks mounting one more rally before crashing?

It does indeed feel like something big is brewing, or, it could just go on like this all summer. ES?

US and Euro stocks mounting one more rally before crashing?