FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

fwiw WTI Oil is down to 53s and gold is trying to get above the 70s & up to 1180s again. Should make another attempt at taking out 1200 imo.

Indicating heightened financial risk if gold carries on moving up and no Fed rate hike!


Gold is a bellweather

 

[Atilla]

EoD charts...

DAX

Patterns and market behaviour does repeat it self. Guessing here but in the absence of new info, agreements and data I reckon we'll see same behaviour.

Trend lines drawn at best fit but amazing how the third one meets at the mentioned key 10850 level.

I think this will become the new PP. 10850.
Will find out tomorrow.

Also, 10800 is key resistance. It has clearly been touched in three places highlighed.

 

[MichaelJohnFX]

Dax ends on an upward trend. 10852 area is trend sup. Major res still at that 10970-10998 area. Dax not moved much since this morning.

 

[Atilla]

SPX eod

Despite the gap down after steady rise in EU and the non event Grexit turned out to be US followed through as expected.

After testing support at 2060s it stormed ahead to surprise surprise the 2075 area.

As per green trendline it should meet stiff resistance and if it breaks up then 2084s likely to become next target.

Will have to see what PP levels are tomorrow to obtain new targets and levels.

 

[Atilla]

DOW eod

4H chart is pretty similar to SPX and shows breakout to the upside from the downward sloping trendline.

So I'm thinking if SPX follows suite it should move up and attempt to breach 2080s and make a run for 2090s. 2100 even...

Showing bullish tendencies.


In summary; DAX may follow SPX with DOW leading the two upwards.

 

[Dentalfloss]

Market seems to like the deadline om Greek banks...imho

 

[Dentalfloss]

Dax into the open
Horizontal supp at 10800
horizontal res at 11000
but..if you look at 60 min candle..there is a downtrend line from 11304 high on 1st July at 4pm
price is now stuck at trend res
it should break this res and then pullback
in fact downtrdnd starts on 26 june at 4pm uk time

11120 prev supp...could be res if 11k breaks
latest trend is up

 

[Dentalfloss]

Possible price action for the open
price is stuck at trend resas we said
rally to 11k even 11120
or pullback 11874 first stop.
10854 area below

 

[Dentalfloss]

thats how it looks on 30 min
could go either way

 

[Dentalfloss]

from those inputs
it is a recoil in a downtrend
trend res 11100-11125 area and prev supp/thick pink horizontal
10970-11000 horizontal res and prev supp area
10875 trend supp/green
10825 area horizontal supp

 

[Dentalfloss]

some well defined areas on 60 min spx
same..a recoil in a downtrend
now in big res area/horizontal

 

[Atilla]

Chào buổi sáng


DAX - Hourly chart showing expected range and PP levels.
PP line in red.

There is almost a 1000 pip variance in PP R/S Level 3. Indication of potential volatility.

However, don't think we'll get much out of highlighted range. At least that is the planned expectation for the day. Thinking DAX will hug the PP level at 10680 (This was 10850 yesterday) 10800 should also act as strong Support.

 

[Atilla]

SPX sod 4H chart & PP levels

SPX charts was just on the downward sloping R line yesterday whilst the DOW had broken through. It seems SPX is following DOW higher.

Where will it come to rest?

fwiw - it has to attempt PP-R1 @ 2091 and then probably the 2105 PP-R2 area.


From that point onwards no idea how high irrational exuberance will take it but I'm I'll be watching and listening for a LH and a tank down to test support again.

 

[Atilla]

DOW - 4h chart - PP Levels

Storming Norman comes to mind with the DOW. Leading SPX and DAX imo.

Expecting the obvious PP-R1 & R2 levels to be attacked and breached by the bulls. Followed by running out of steam and a LH.

Will be watching out and if we do make a Higher High???? :whistling :?::?::?::?:

 

[Atilla]

Other stuff!

Oil continues to fall. Whilst charts showing over-sold indications there is no substance in statistics. Only real supply and demand for oil will determine price. When/If Iran deal is signed and dusted, in the absence of increase in demand it will find it hard to hold 50 and we may even see 40s imo.

Don't see rates rising as currency edge is the only weapon countries have to export their troubles away.

Gold is pretty level at the 1160-80 levels so no risk, no inflation and no rate rises imo.

Asia & China is still reeling and coming off their bubbles. Government reactions whilst may be useful seem comical.

Markets expecting a bounce today and does seem to be supported today with rises in Asia. Deep breaths required as another body blow not far off.


Reluctance of governments and institutions unwillingness to let markets come off the highs is one of the MAIN KEY risks to global trade imo. They seem to have infinitely deep pockets :-0

 

[Dentalfloss]

support hit
am out

from those inputs
it is a recoil in a downtrend
trend res 11100-11125 area and prev supp/thick pink horizontal
10970-11000 horizontal res and prev supp area
10875 trend supp/green
10825 area horizontal supp

 

[Dentalfloss]

back in as 10877 was res
for a scalp

 

[MichaelJohnFX]

Dax ends on an upward trend. 10852 area is trend sup. Major res still at that 10970-10998 area. Dax not moved much since this morning.

Nice bounce from that area.

 

[Atilla]

DAX 15m charts - moving within trendlines - gravitating towards PP @ 10860-50

So far so good...

 

[Dentalfloss]

10825 hit
Time for tea and biscuits


QUOTE=dentist007;2579276]from those inputs
it is a recoil in a downtrend
trend res 11100-11125 area and prev supp/thick pink horizontal
10970-11000 horizontal res and prev supp area
10875 trend supp/green
10825 area horizontal supp[/QUOTE]