Agreed, but I think it's fair to say that on most Brexit related issues one will find a 40+% part of the population for and a 40+% part of the population against. In other words, the country is divided. And whatever the outcome of the parliamentary ...

US and Euro stocks mounting one more rally before crashing?

One perspective on that: url

US and Euro stocks mounting one more rally before crashing?

GM- there's also Money Flow Index divergence on the 4 hour chart. Not all signs are pointing up - most importantly the MAs on the 1 minute.

US and Euro stocks mounting one more rally before crashing?

Do fundamentals matter? url

US and Euro stocks mounting one more rally before crashing?

Looking at the daily, after a high volume correction of the move up from the Boxing Day low last week's high seems likely to break, with 26000 possibly in sight!?

US and Euro stocks mounting one more rally before crashing?

Good summary

US and Euro stocks mounting one more rally before crashing?

I'll do the same. I believe the market is topping out, but interesting moves in the other direction may not come until after the NY lunch hour. See you tomorrow

US and Euro stocks mounting one more rally before crashing?

Bearish Gartley complete, and Dow shows signs of exhaustion.

US and Euro stocks mounting one more rally before crashing?

FWIW, there's a bearish Gartley pattern forming with completion, and possible short entry, around 25325 for the cash index. Also close to the POC of the top consolidation from last week.

US and Euro stocks mounting one more rally before crashing?

GM - For the Dow SMA6000@1m = SMA200@30m = SMA100@1h has been support during the Frankfurt hour,, with Camarilla H3 as resistance. One of those will break, and it looks like the latter at the moment.

US and Euro stocks mounting one more rally before crashing?

I was referring to the Dow Jones Index. And my humble opinion is that news matters not much at all.

US and Euro stocks mounting one more rally before crashing?

Price action today reminds me of Thursday 24th of January. Same strong push up, then sideways consolidation. Today the mood is more bearish, but the bears have an upward sloping SMA200 on the hourly to contend with. The afternoon will be interesting.

US and Euro stocks mounting one more rally before crashing?

Thank you Yes, 120+ points is a good start to the day Now break from the screens until NYSE open.

US and Euro stocks mounting one more rally before crashing?

Agreed, it could now be sideways until NYSE open. I've banked, and am waiting for possible reload before lunch. Looking less likely by the minute...

US and Euro stocks mounting one more rally before crashing?

Yup, here's my target:

US and Euro stocks mounting one more rally before crashing?

GM - The Dow perkier than usual for a Monday morning. SMA20 on the hourly was strong support overnight, and now SMA50 broken through without effort. 8.18 was a good time to join the ride. Will SMA100 hold, or will the upper Bollinger 50 be the ...

US and Euro stocks mounting one more rally before crashing?

The rally that started on Boxing Day exhibits the typical behaviour of market cycles (again, see Tony Plummer's book). The significant highs came as predicted at 1/6, 1/2, and 5/6 of the time of the full cycle, confirming that the Wednesday high was ...

US and Euro stocks mounting one more rally before crashing?

Well done

US and Euro stocks mounting one more rally before crashing?

So far it's been L3 to L1. Now for a little pause, and then takeoff at 10am?

US and Euro stocks mounting one more rally before crashing?

Somehow, I don't think so. I believe the DJI will end the day up. Shorts for Monday, methinks, but I may be wrong.

US and Euro stocks mounting one more rally before crashing?