FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

Morning all,

DAXy moving sideways into a narrowing range imo. Trying to find it's legs.

We've bounced off PP @ 10100 and likely to test R1 @ 10243 as first target.
May get stuck at the 10200 round number but who knows?

Support S1 @ 10000. In general approx 300 tick range.

There is also the bigger square move sideways between 10400 - 9900 to keep an eye on. Having made a HH and then a HL one would expect more retrace to some higher new level but as all the CBs like to say - it's kinda data dependent.

 

[Atilla]

SPX - 4H Chart - Daily PP Levels

Showing same moves as dax, sideways into a narrowing triange.

Likely to test the upper levels starting with R1 @ 1952 as first target and then R2 @ 1963 as the force seems to be strong with this move.

On the downside we have S1 @ 1924.

 

[MichaelJohnFX]

Was 0.5 a point getting filled from 10253 lol

 

[Atilla]

Was 0.5 a point getting filled from 10253 lol

May still get filled as the bounce is very strong. R2 @ 10329 may get attempted :whistling

 

[Dentalfloss]

dax

 

[Dentalfloss]

badly needs a bull test
close plot way over extended

 

[Dentalfloss]

spx since 3rd sept

 

[Dentalfloss]

late start missed the breakout..slept thru my alarm...who cares
anyway..back to work !!

 

[Dentalfloss]

latest break is an unsupported pump
prev big res area at 10173-10182
50% of the latest upmove is 10206-10217 area
so far

 

[Dentalfloss]

10220 on the cards...might be some messing to get there
1949 area on spx

 

[Local1]

10220 on the cards...might be some messing to get there
1949 area on spx

one way traffic this morning

trade numbers for china better than expected

 

[Dentalfloss]

one way traffic this morning

trade numbers for china better than expected

yeah..missed it...lol..anyway who cares
no sign of a pullback as yet

 

[Dentalfloss]

dax over the last 24 hours

]
1960 res area marked on spx last week

 

[Dentalfloss]

pullback numbers..if it happens ??
10289
10263-10272
10246
10237

 

[Dentalfloss]

these intense trends cannot be maintained for long periods

 

[Local1]

sell in may and go away, buy back on st ledgers day!

 

[Dentalfloss]

spx over the last 24 hours

 

[Dentalfloss]

sell in may and go away, buy back on st ledgers day!

erm...nope
you have seen how much volatility we have had over the last few weeks...its been a bonanza !!

 

[Dentalfloss]

areas from 1 min spx
1957
1953
1951 is a cluster area/green trend supp

 

[Dentalfloss]

10369 area is the top
if you plot the close...that is where it all stops
lets see what happens
1960 area on spx