Yes, that's my take on it too. As for the markets, it means another fix for the junkie, so we may see US stocks move higher, and I think we will know soon, but ultimately, there can only be one ending, and as you say, it will be ugly, very ugly.

US and Euro stocks mounting one more rally before crashing?

I believe the next rate move by the Fed, will be a cut. Does anyone have any thoughts on that and how it may move the markets?

US and Euro stocks mounting one more rally before crashing?

Yes, it'll be a beauty if it holds. I agree with those levels, and I think there should be more upside on Dow, but June 9th? I think we'll reach them before that.

US and Euro stocks mounting one more rally before crashing?

Dax can definitely fall from here, but plenty of support to get through on the shorter tfs, the first of which I am eyeing is the 15m 100sma @ 261. The way this market has been of late, with these aggressive ramp ups following a bit of selling, one ...

US and Euro stocks mounting one more rally before crashing?

Welcome friend, good to have any new members on the thread, especially those with as much experience as you have. My current thoughts on Dax are in my last post.

US and Euro stocks mounting one more rally before crashing?

Dax is showing a rather nice looking head and shoulders pattern atm, best seen on H4. The two left shoulders have a combined pip total to the top of the head of 100, so to get a potential level for the right shoulder divide that by two. This means ...

US and Euro stocks mounting one more rally before crashing?

Hi Islander. Yes, the H1 200 sma/ema ( I use both ) certainly got bought that's for sure. I had the Dax lifting early on where it did, but didn't trade it despite a nice opp because I didn't think it would go far...how wrong I was. So, reassessment ...

US and Euro stocks mounting one more rally before crashing?

And once that expectation no longer exists, whatever the result, what expected good news is the market going to be trading on then?

US and Euro stocks mounting one more rally before crashing?

No one is denying that the main US indecis are not super bullish right now avibe, the Russell 2000, the S&P, the Dow, are all looking very strong, but markets always do until the turn and start coming back the other way, and that is the purpose ...

US and Euro stocks mounting one more rally before crashing?

What China announcement are you referring to exactly?

US and Euro stocks mounting one more rally before crashing?

These markets are ballistic today. Can one of you fundi experts please tell me what's going on?

US and Euro stocks mounting one more rally before crashing?

Should also point out that today's candle on Dax has brought the price up to form what is now at least, a perfect head and shoulder pattern on H4, the left shoulder being 24th jan, and the head 5th Feb.

US and Euro stocks mounting one more rally before crashing?

Anyone wondering whether to short, I will just say that my Dax short at 300 is incredibly risky as it is well above all of the supporting moving averages on the smaller time frames, from which the price can, and usually does, kick back up again in a ...

US and Euro stocks mounting one more rally before crashing?

If I get away with this one, the beers are on me!

US and Euro stocks mounting one more rally before crashing?

Right I just shorted that at 300 with a 20 SL and will put it down to experience and go and have a beer if it carries on up.

US and Euro stocks mounting one more rally before crashing?

That diversion has held, thus far, and is just about confirming now and crossing to the downside. Lovely diversion pattern with MACD, but is it enough??

US and Euro stocks mounting one more rally before crashing?

Check for M3 diversion on this little pop up on Dax!

US and Euro stocks mounting one more rally before crashing?

That was a wicked H4 candle, great if you traded it from the bottom, but not so great if you were hanging onto shorts, I wasn't but many traders must have been. Neither am I convinced it has topped, as Dow certainly looks like it could move higher. ...

US and Euro stocks mounting one more rally before crashing?

Both Dax and Dow are pretty close to their 76.4s though right now from the previous highs, and this has got to be a very key level.

US and Euro stocks mounting one more rally before crashing?

Yes, I had that, the H1 200ema/sma support level, just thought the pullback would be much shallower and would then roll over for lower levels, but what do I know!

US and Euro stocks mounting one more rally before crashing?