Thank you for chart Yes, the whole of April has been very indecisive and low in volume, and with the triple top pattern in clear sight it's hard to see how May could come with firmer buying than April. And, yes, the selling this morning is a ...

US and Euro stocks mounting one more rally before crashing?

Yes, Thursday's action off SMA200@1h confirmed that, and 27000 is now in sight. And, yes, agreed - a correction will come, and it will be more substantial than the one in 4Q of 2018. The timing of it, I wouldn't hazard a guess on. Would you?

US and Euro stocks mounting one more rally before crashing?

Thank you, that makes sense. At the same time, predictions beyond the coming day or week are more of a pastime for me, and not related to my trading. And currently it looks like the 26500 area may very well have been the top for this spring/year ...

US and Euro stocks mounting one more rally before crashing?

I'm with you on the upside target, and that the top for the next several years will be in that area. Less sure about your downside projections. Could you share a little bit more about those?

US and Euro stocks mounting one more rally before crashing?

It pays to keep an eye on the S&P 500 on the side of DJI. The reason that DJI didn't reach higher than 26100 may simply have been that the S&P 500 was very elevated - above its SMA200 2% envelope. This seems to be confirmed by the fact that the ...

US and Euro stocks mounting one more rally before crashing?

The move down from 26100 was a pullback in an upswing, and the expected continuation followed. There should be a conrinuation up today after an intraday pullback. What disturbes the picture is the uncharacteristically low volumes since FOMC - ...

US and Euro stocks mounting one more rally before crashing?

So far it's just a technical move down to SMA200@1h. I have a sense that if it's heading down, it's going to be from the 26250 area or higher. I may be wrong, of course

US and Euro stocks mounting one more rally before crashing?

Sorry for absence here lately, but I have some family matters to attend to over the next ten days or so. If you remember the last "day before FOMC day", it was very similar to today - initlally strong move up, then choppy, topped off with a 150 ...

US and Euro stocks mounting one more rally before crashing?

Yes, but retail liquidity is just a drop in the ocean.

US and Euro stocks mounting one more rally before crashing?

You don't seriously believe that those who move the markets care about what retail traders do?

US and Euro stocks mounting one more rally before crashing?

As Tony Plummer puts it in Forecasting Finacial Markets:

US and Euro stocks mounting one more rally before crashing?

That's what the markets are about - maximum pain to all.

US and Euro stocks mounting one more rally before crashing?

True

US and Euro stocks mounting one more rally before crashing?

Same to you Missed most of today due to various practicalities that needed sorting out. Now on board the SMA100 riocket. Looking good so far I'd be satisfied if it reaches the morning highs before the end of today.

US and Euro stocks mounting one more rally before crashing?

The moment of truth is nearing...

US and Euro stocks mounting one more rally before crashing?

Something worth keeping in mind is that options and futures on the US indices expire today. There may be some crazy moves when people try to shed the last of their inventory.

US and Euro stocks mounting one more rally before crashing?

Ah, ok, sorry. Misunderstood.

US and Euro stocks mounting one more rally before crashing?

Not sure what DAX has got to do with it. 26200 before the end of the day? The sell level is the one in the chart below, methinks.

US and Euro stocks mounting one more rally before crashing?

For how long?

US and Euro stocks mounting one more rally before crashing?

And on it goes.

US and Euro stocks mounting one more rally before crashing?