That late sell off last night on US stocks for me was in the barrel just waiting to pop that support which had been holding all day. We all have our own ways of identifying support, but mine was showing up nicely on my 15m tf 200sma which was ...

Trade the Dow/Dax

Dax long view for those who may be interested, from yours truly. video

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I've still got that same S around 200 if the price gets back there, though with selling momentum behind it now, it could easily break.

Trade the Dow/Dax

Thanks, but just calling out the obvious R levels I know the money is watching, and with momentum down overall, it was unlikely to go too high, though you never know with Dax, and the Barnier tweet helped it on its way I think. Now we'll see how ...

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10m 100sma @ 280, so right here, next potential R level.

Trade the Dow/Dax

The Dow found S on its 200ema overnight, which is a pretty big S level which traders no doubt will have been watching, so could well be a buy back off of that today. R for this move on Dax? Difficult to see, but the 250 area may give some. Atm it's ...

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Psychology of the market---unless a big injection of money comes in on the short side, no one is going to want to open a short down here, so if it's going to go lower, it needs to be bought back a bit first...we're seeing this now.

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There is a wee bit of support ( S from now on, and R for resistance ) around 200 which is reacting as I type, but if it breaks, then I think 12,00 is a real possibility today for Dax.

Trade the Dow/Dax

Good morning, This selling is quite strong, continuing through the Asian markets as it looked like it would last night. No real clear support for Dax atm, and it's looking like it's got its sights set on the daily 100sma at 12,116 and possibly ...

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Dow selling into the close, and that could be significant!

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Well she's dropping, that pattern re - video above, rarely fails. It's found some support on the 30m 200ema for now, but we could see the price back to 27,000 if this downward momentum continues.

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Seems to be a discussion on whether EU has bottomed, at least temporarily, so here's my daily chart for what it's worth, showing that it is reacting to support, as it did earlier this month and in June. Whether it will lift from here remains to be ...

EURUSD only

video Short vid showing something I'm watching on the Dow H4 TF, for those who may be interested. Ps- put it on full screen mode for best clarity. pps - When I get a potential signal like the one shown in the vid, I always look to see what the ...

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My 30m Dax chart, showing this 50 pip range we're stuck in atm. Trades possible out of S&R, but risky, with no clear direction. See how the 200sma ( red dash line ) held very well on that dip down just before 9am UK time.

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I said it would be messy. Support is the H1 100sma just below today's CP, and the resistance as posted above. Still looking like it's working towards dropping further down, but there is a lot of support, so it could yet push higher. Might have to ...

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Support on the CP was pretty much hit, so now we're into this resistance level, so we'll see if it holds. Looking like it may be a messy first half hour or so.

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Dax Support atm looks to be the 30m 200ema which I have at 390, and resistance is the hourly 200ema @ 413, so one of these will break. For me, a continuation of this down move looks likely, though London could put in a fake upside move first. ...

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a rate cut is coming, so it's difficult to to see anything other than an aggressive move to the upside off of that, but if that cut doesn't happen...!!

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Up up and away on US stocks. 27,000 broken on the Dow, so surely now free to fly? Not for me. 27,500, perhaps a bit higher, is the level to watch now if the price gets there. It's the last resistance I've got, and it could be massive. just saying.

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