Bingo!

Some big down moves imminent on US/Euro indices?

Dow has just hit the lower end of my critical zone above, so let's see what she does?

Some big down moves imminent on US/Euro indices?

The 76.4% retrace has just been broken to the upside on the stronger than expected NFP on the Dow, but I'd like to add a narrower critical zone within my danger zone as posted above, that between 28,200-300. Here is my H6 Dow chart, and what looks ...

Some big down moves imminent on US/Euro indices?

So, for me the Dow is pulling back before the next leg down. I've put the fib onto this H6 chart, and what I'm looking at first of all is the 50% which, because it sits on top of the 100sma is a potential reversal level as the price often pulls back ...

Some big down moves imminent on US/Euro indices?

Danger zone originally posted here Nov 13th for the Dow has sent the price back down as I predicted. As a reminder, here are the sort of initial levels we could be looking at. image image image

Some big down moves imminent on US/Euro indices?

As I said in my last post, the technicals were screaming for a turn south on both US and EU indecis, and so no surprise today to see some big down moves. I'm now looking at around the 12,800 level for potential support on the Dax, though I think it ...

Some big down moves imminent on US/Euro indices?

& I agree with you in that what is now QE4 should push stocks higher, much higher, but my technicals are screaming, and that I cannot ignore. We will know soon enough.

Some big down moves imminent on US/Euro indices?

As you can clearly see, the Dow is within my so called ' Danger Level ' posted on this thread earlier, and so far, it is being held. Whether it can break out north of this remains to be seen, but if it drops, as I suspect it might, then we will be ...

Some big down moves imminent on US/Euro indices?

Big weekly Doji on the Dax just below my critical level posted above Nov 9th. Next week will be interesting.

Some big down moves imminent on US/Euro indices?

Dow pushed higher this morning, but has now snapped back off of very strong MACD diversion on H1, and now trading below yesterday's low, which is significant. This price activity is exactly what I was expecting within my 28,000-28,500 danger zone, ...

Some big down moves imminent on US/Euro indices?

So here's my first update following yesterday's post. Pay attention on the Dow to that early strong positive candle at 07.16 UK time, as it has all the hallmarks of a death throe candle - sudden and aggressive acceleration in the price in a bull ...

Some big down moves imminent on US/Euro indices?

So, the Dow has entered my Danger Level posted above. Watch this 28,000- 28,500 level very carefully, because if there is going to be a major reversal, my calculations tell me it is going to be within this level, and it could be this coming week. I ...

Some big down moves imminent on US/Euro indices?

But I have a very clear potential resistance level on the weekly roughly within the zone posted above, so I'm waiting to see what happens if it gets there. My monthly gives me reason to doubt it however, as contrary to 2007/8, my moving averages are ...

Some big down moves imminent on US/Euro indices?

I pay no attention to fundamentals, as they cannot be trusted. So called experts were talking the US stock market to the moon even as it was beginning to fall in 2007/8. I posted this elsewhere on 7th Nov. Danger level here refers to the zone within ...

Some big down moves imminent on US/Euro indices?

As a quick follow up to my post above, there will be many who say that it is easy to post a historical chart as everything becomes apparent after the event, which is true of course, so here is a before and after on the S&P from awhile back posted ...

Which indicator works best for divergence?

For me, MACD. Divergence shows up regularly on any pair/indecis, and if you know how to identify it and combine it with supporting signals such as S&R, fibonacci, trend lines etc, divergence is an incredibly powerful signal, not just for entries, ...

Which indicator works best for divergence?

Just to add to my Nov 7th post above, for Dax traders, I have Dax sitting at a potentially critical resistance level at it's current price, so I would not be at all surprised to see it coming down next week. If it does push higher than Friday's high ...

Some big down moves imminent on US/Euro indices?

I'm reading my weekly charts, nothing more, so irrespective of whether the Dow or S&P sets the tone, my Dow weekly is showing me the potentially very significant resistance levels posted above, whereas my S&P weekly chart shows the price already ...

Some big down moves imminent on US/Euro indices?

Thanks ensale..means a lot!

Some big down moves imminent on US/Euro indices?