The thing is, is London going to keep buying that on an upward pre-open spike? Possible, but unlikely, and once it put in two or three bearish candles on the smallest sub 1m tfs, the odds were in one's favour I would say.

US and Euro stocks mounting one more rally before crashing?

Yes, I'm in @ 255, which was risky without any conformation bar the level. Holding for now. I'd like 140.

US and Euro stocks mounting one more rally before crashing?

You know I like my ' Death Throe ' moves, I'm always looking out for them at critical levels, and that pre-London Dax move has al the appearances of one. That S1 level on Dax looks like very solid support to me for today, so it'll be interesting to ...

US and Euro stocks mounting one more rally before crashing?

I was more referring to the Dax, but sure, Dow turned south pretty much on my resistance level.

US and Euro stocks mounting one more rally before crashing?

Well done, overlooked that. Always suspicious when you see a sudden move just before London opens. Will the 76.4% hold I wonder?

US and Euro stocks mounting one more rally before crashing?

Nothing really to add from my last post yesterday for Dax, with the same support and that resistance level there to be broken. Could go either way I reckon. R1 today @ 11,228 looks like the level to break, with the H1 200ema @ 136 just above S1 as ...

US and Euro stocks mounting one more rally before crashing?

When Dax is stuck in na range like this, always best to bank rather than hold out for a big move. For me, the support is clearly and irrefutably the H1 200ema, as it was yesterday, and today's R1 pivot has been the clear resistance, which, I think ...

US and Euro stocks mounting one more rally before crashing?

I used to love yoyos as a kid.

US and Euro stocks mounting one more rally before crashing?

You know what, I reckon we could be in for another Super Thursday stock dump!!??

US and Euro stocks mounting one more rally before crashing?

And looking at the weekly, there hasn't been a single negative candle on the Dow for two months, so yes, it does look as though it is on an inexorable, albeit hesitant march towards the October highs. Of course it doesn't matter for intra-dayers ...

US and Euro stocks mounting one more rally before crashing?

Yeah it's been a tough one. Don't want to buy at this level, and shorting just runs the risk of being stopped out. For me I've been in the green twice only to get stopped at BE. I had one more go at 11,148 which again I've moved to BE with fingers ...

US and Euro stocks mounting one more rally before crashing?

But not ready to fall yet it seems, and significantly, the 30m 200sma which acted as resistance for the Dow yesterday, is today beneath it in a strong supporting position. As noted above, it'll be interesting to see if 360 just above R2 can hold the ...

US and Euro stocks mounting one more rally before crashing?

Dow now approaching its 76.4% with higher potential resistance around 360. Dax atm reluctant to follow the Dow it seems.

US and Euro stocks mounting one more rally before crashing?

Bearish shooting star about to close on Dax H1.

US and Euro stocks mounting one more rally before crashing?

The 10m Dow diversion picture for the last 24 hours, with another one perhaps forming. A break back below the 20sma with the diversion still intact can be a sell signal on this time frame. Careful though, and this is meant for the less experienced ...

US and Euro stocks mounting one more rally before crashing?

Watch for diversion on Dow 10&15m, as yesterday diversion between the 9am and 1pm candles London time brought the Dow down nicely.

US and Euro stocks mounting one more rally before crashing?

Yes, very slow, because all the action was during the Asian session.

US and Euro stocks mounting one more rally before crashing?

I have some short term MA resistance right there on Dow at 25,217, so it'll be interesting to see if it holds. Atm the price has pulled back a bit, the 10m has just formed a very nice looking shooting star, and with the 61.8% just above, this is an ...

US and Euro stocks mounting one more rally before crashing?

Momentum still up though I think on both Dax and Dow, so Dow looking like it wants its 76.4% at 25,308 to my max resistance of around 400, and Dax looking like it could push higher towards its Daily 100sma again @ 11,290. That's slightly longer ...

US and Euro stocks mounting one more rally before crashing?

Pushing up again Dax, so may want higher. R3 is a level to watch closely if it gets there, as it's my H3 100sma and the 61.8% fib retrace from the 5th Feb high.

US and Euro stocks mounting one more rally before crashing?