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medici replied May 3, 2019Good afternoon
Another way of drawing the same conclusion, without oscillators, is to use the SMA13 0.25% envelope. It provided support all the way up to R1, and highlighted an overbought condition, and possible sell setup, there.Trade the Dow/Dax
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medici replied May 2, 2019Yes, I do keep a 1% envelope around SMA50@1h, in order to detect the regime shift.
Trade the Dow/Dax
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medici replied May 2, 2019Here's a 4 hour chart of the Dow with a 2% envelope around the SMA50. The edges of the envelope have been visited on a, more or less, weekly basis this year....except for the month of April. Today marks a definite shift in volatility. ...
Trade the Dow/Dax
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medici replied May 2, 2019Thank you
Not the least concerned
As you say, this confirms that the bull market is over. Also, a constant lesson - anticipation gets in the way of optimal trading. My range bar chart was speaking loudly and clearly....Trade the Dow/Dax
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medici replied May 2, 2019SMA20@1h = SMA240@5m (blue) provided solid reistance. The constellation of SMAs 20 and 40 (red and white) tells me that this is not going anywhere fast. Might just call it a day.
Trade the Dow/Dax
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medici replied May 2, 2019Indeed, but a technical breather needed first. 26550 likely target.
Trade the Dow/Dax
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medici replied May 2, 2019One argument in favour of the above anticipation is that the S&P 500 has not yet broken its SMA400@1h, which should be good for a bounce unless the mood has completely turned.
Trade the Dow/Dax
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medici replied May 2, 2019Good afternoon
The 26400 area is well defended at the moment (add 20 to the values in the chart). Looks like it's on its way down to today's open, for a push up from there. Or maybe panic will push it lower. Time will tell.Trade the Dow/Dax
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medici replied Apr 30, 2019Yesterday's all-time-high in the S&P 500 ended with a sharp sell-off into the close, just like back in Ocotober....certainly a sign that the downward momentum could pick up today.
US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 30, 2019Yes, these chaps have it figured out. Nice summary of what's going on, methinks.
US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 29, 2019Cascade Effects In Modern Undiversified Passive Markets The Ideal Environment For Overnight Gap Risk This is off the press today.... Let's be hopeful

US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 29, 2019At the end of the day (and at the beginning too
) fundamentals don't matter. It's all about group psychology. The current situation reminds me of October 2017 - long, strong push up, then a protracted reduction in volatility (where we are ...US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 29, 2019Yes, the sideways option is a concern.... Apologies for being brief....ES = the futures contract on the S&P 500 index.
US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 29, 2019Curiously, ES was tradeable with decent trades to be had during the first hour. And it steamed on to another all-time-high. But it feels like something's brewing. At the top in October, the PA was just like today - grinding upwards, and then the ...
US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 29, 2019Yes, looks like it's setting up for selling during the US session. A bit too lethargic right now for my taste, though

US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 26, 2019Yesterday was contained by SMA400@1h, which now seems to be breaking. 26000 this afternoon?
US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 25, 2019Now we know
Apparently, the drop was due to 3M: url US and Euro stocks mounting one more rally before crashing?
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medici replied Apr 25, 2019Hello Captain
and welcome back. The drop happened at 6.30am Eastern - not likely to be earnings-related. Also, interestingly, NQ and ES didn't drop. Now poor jobs data, and they all drop...US and Euro stocks mounting one more rally before crashing?