Dentalfloss
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Norway and Taiwan cut rates
Hennce the sell
Hennce the sell
9340 was posted over the weekend. a close below - dax starts to look nasty..a weekly close below...
Poss move up before the next pull down.
This is daily TF of Dax and my current Delta count, also posted on Delta thread.
Which is what I'm seeing with the triangle formation I've been watching...the move today looked like the last wave. not too sure about a pullback level area yet..you got anything? can't really see it on ur chart
Weekly area of 9340 got kinda hit - 9360 close enough. Triangle formation - delcining wedge completed. Not a massive Elliot guy, but today's movement looks like wave 5. Swing long imho from here.Possibly a 500-1000 point rally from that level...
Dax into the open...should get some decent recoil...again no hard science, just areas to mark / play off to increase chances of success.
Last signal was pretty bearish.
Massive horizontal res @ 10096 area - red
9970 horizontal res too
9860 was horizontal support
9730 horizontal support - pink
9340 - trend support on the weekly
China news on Wed, yes...but we also have PMI figures (these numbers are expected to be worse than the previous month) and Draghi speaking @ 13:00. When the PMI numbers are good, I've observed over the past few months, the market has most of the time - rallied until 14:00 where it has then turned back - we have GDP US figures on Friday too.
US session should be interesting
will that uptrend get sold off ??
spx needs to hold 1935 area as supp if it gets sold off
lets see what happens
But 1950 is holding... Could be a straight up rally from here.
DAX is looking like it wants 10k .... crazy day.
Let's see what happens over the next 15 minutes. If we sell and retake 1950 I'm buying
Bears rinsed today
nfp ?? FridayEconomic Calendar for the week aheadView attachment 200890