I think we climb from here judging by my 2 day chart. Here's what I think may happen more or less over the coming week or so, Dax to climb back towards the 61.8 or 76.4% fibs, to then fall again. We are narrowing into the wedge of the pennant, which ...

US and Euro stocks mounting one more rally before crashing?

I don't think it matters much, as I don't see the 20sma /ema as important in terms of levels. More important are the big ones - the 100 and 200sma/ema. I was expecting the Dow to fall to the H4 200ema today, but it held up strangely, perhaps ...

US and Euro stocks mounting one more rally before crashing?

Not sure what you mean here. My Daily 20ema is at 924, which was comprehensively broken today, though the price is back above it now. Actually, I don't use the 20ema but the 20sma, though I only use it as a central MA around which price moves, but ...

US and Euro stocks mounting one more rally before crashing?

Quite a turnaround on equities this afternoon. I have Dow resistance on 026-30, and if that breaks, 26,100 should be a big test if it gets there.

US and Euro stocks mounting one more rally before crashing?

Dax just hit some support at 862, so it may rise a bit now. It can go lower today, but i think it needs to lift a bit and form a rollover pattern first. Dow just broke the 30m 200ema support level. Next support level for me is the H4 200ema @ 690ish

US and Euro stocks mounting one more rally before crashing?

Dax currently falling nicely away from its 30m 20sma, and Dow to me looking like it should put in a 200+ drop from here today, if it can get below this H2 200ema support level though which has been holding it up for the past week.

US and Euro stocks mounting one more rally before crashing?

I would agree, it can go higher, but this 170 level is important for me, because if it can now fall 1000 or so, it is going to be difficult for it to make new highs. I'm hoping it falls from here.

US and Euro stocks mounting one more rally before crashing?

It's been in a 200 pip or thereabouts range for the last 7 trading days. It's at the bottom of this range right now, so I wouldn't sell here. I'd wait until it gets back up to the top of this range again before selling, with a stop above 26,100. It ...

US and Euro stocks mounting one more rally before crashing?

The Dow still in the range, but I am beginning to get confirmation on my two day chart of a significant move south within the next few days. I apologize for not being more specific, but it does synchronize with the resistance levels I have already ...

US and Euro stocks mounting one more rally before crashing?

Big weekend in Sweden, and perhaps the whole of Europe, because if there is a shock result with the anti-immigration parties doing a lot better than anyone expects them to, as I suspect, then this could send shock waves through Europe as Sweden is ...

US and Euro stocks mounting one more rally before crashing?

I never said I was putting any trust in it, I was just pointing it out as something to be aware of, nothing more.

US and Euro stocks mounting one more rally before crashing?

Donald Trump farting into the microphone would have moved the markets more than that NFP today, so unless there's a late rally, it's all even stevens with Dow stuck in this horrible range and Dax still sloshing around the trendline. Everything to ...

US and Euro stocks mounting one more rally before crashing?

Those of you wondering what might be in store for equities today, Dax is sitting on a big support trend line, and if you haven't drawn it in yet, go back to 11th Feb 2016, and connect the low on that day to the low on 24th June 2016, and putting an ...

US and Euro stocks mounting one more rally before crashing?

[/B] Mine would have a bloody good go at it!!

US and Euro stocks mounting one more rally before crashing?

Small thinking never got anyone anywhere!

US and Euro stocks mounting one more rally before crashing?

On the weekly you are right, loads more upside potential, but watch this trend line because it held and a break of it will see Dow reach for 26,500 where I have another level of potential resistance. Watch the S&P weekly divergence with MACD which ...

US and Euro stocks mounting one more rally before crashing?

Just to reiterate for dispersion and others, this is a thread tracking the movements of mainly the Dow and Dax from the opening post when I gave some levels I believed may be significant as major resistance. So far, they have held and Us and EU ...

US and Euro stocks mounting one more rally before crashing?

Look through this thread. I have posted my charts and given my levels, and as you will see, I am correct in my analysis, the Dow and Dax have come down from the levels I predicted. I use TA for my trading, and only TA, for the reasons you would have ...

US and Euro stocks mounting one more rally before crashing?

No worries, there will be many more opportunities to go short. My top level held well, but Dow is only 350 pips down from the 29th Aug high, and I think it can still pull back to 26,000 or so, though hopefully not much higher. I'm in this one for ...

US and Euro stocks mounting one more rally before crashing?

You are not me, do not see what I see, so what may be scary for you may not be for me. Offer something objective, or stay away from this thread.

US and Euro stocks mounting one more rally before crashing?