FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

Labas rytas (Lithuanian)

DAX - 4H Chart - PP Levels

11700 is key PP level today

ffsear's 12000 has become PP-R3 Level

We are out of the short term down trend but still in LH territory in the longer frame time view.

German parliament is voting and most expect it to pass. There is the possibility of a tit for tat rejection for the elected German democracy to send a message to Greek democracy but if it does pan out that way, two wrongs wouldn't make a right and all agreements turning into a farce. If no then I can see a mega crash. So I'm pretty certain it will be a yes. Pretty certain as in 51% :cheesy:


fwiw expecting DAX to hold PP line @ 11702 and make a run for 11805 in an attempt to breach it. Perhaps we'll see 11892 also but we need exceptional good news.

 

[MichaelJohnFX]

Dax to dump or pump

 

[Atilla]

SPX - Daily Chart - PP levels.

SPX is at critical point on a down ward sloping blue trend line. It is still LH and needs to get above 2128 to attempt a HH to previous level around 22/23rd of June.

Expecting it to move sideways in a tight ranges between;

PP-R1 @ 2128 & PP-S1 @ 2115

Indicators are showing exhaustion and looking overbought but moves are all data dependent. Later on today US CPI numbers may add more fuel to rate hike in September and hit market sentiment thus coming off the boil.

Carney has indicated similar pov.

 

[Atilla]

DOW - 4H Charts - PP Levels

DOW has put in a LH and turned back to test support. Showing similar and perhaps a little ahead of the SPX chart.

If PP-S1 @ 18050 doesn't hold it could be the start of a bigger turn down.

Once again US CPI and other data likely to be key with impact on rates.

I'm thinking 13:30 is going to lead to some big moves. OCO's may be a good play today.

Neutral subject to data.

Expectation is bearish on good data and rate rise fears.

 

[Dentalfloss]

15 min chart

In to test the bulls @ 11670

yay..

 

[MichaelJohnFX]

Let's see - still not a good bounce imo - buti's holding haha

 

[Dentalfloss]

Let's see - still not a good bounce imo - buti's holding haha

scalped the bounce

 

[MichaelJohnFX]

Out not hanging around. in trend res now.

 

[Dentalfloss]

decent bounce so far
nearly at res

 

[Dentalfloss]

scalp short off the 700 res

 

[Dentalfloss]

cable on a fake this morning
now back in supp for a rethink

 

[Atilla]

If 11702 PP for DAX doesn't hold and we could take the down elevator to 11614???

German vote has market spooked.

Don't know when vote is but likely to be key direction changer. Beware - tight stops.

 

[Atilla]

Hanns on BBG says vote will definitely pass as Merkel has full SDP support.

So expecting a relief rally to PP and beyond.

 

[Dentalfloss]

1 min data
red trendline is the move down this morning
11727 trend res area
11650 area looks a better confluence if it tests

 

[MichaelJohnFX]

Lol imagine if germany voted no - Dax will definitely retrace to that 50% area

 

[Atilla]

Currencies really all over the place?

Something is afoot.

Euro down to 1.08 expecting it to hold

Cable up down expecting it to hold 1.56

Oil down and holding 50.

Gold holding 1140 may test 1130 if data is positive today.


Fuzzy day??? Not as good as yesterday.

 

[Dentalfloss]

buying dollars ??
news out in 2 hours

 

[Atilla]

Yes and less is more so the saying goes...

Strange day. Not sure why. Spider senses tingling???

 

[Atilla]

Cable at PP 1.56... ???


If it doesn't hold next stop 1.55640

 

[Atilla]

German Parliament passes bailout vote easilly.