FTSE, DAX, DOW Trading Ideas and discussions

[wysiwyg]

Deal has been withdrawn after threat of referendum?

Following Tsipras’ risky move there may be no deal to discuss at Eurogroup. European Commission Jean-Claude Juncker was reportedly furious when he heard the news of the referendum. Following the announcement for a referendum, an EU official said: “TheGreeks will vote on a deal that is no longer on the table. It’s time for Plan B”.

http://en.protothema.gr/calls-for-a-referendum-on-a-deal-no-longer-on-the-table/

 

[Atilla]

Well it's going to be yet another very special day on Monday. :whistling

Here is the DAX sod and eod for yesterday...

fwiw - charts showed bearish outlook and we ended up - after a very brief test of 11330. The up was largely based on the anticipation of a deal and it's acceptance.

What we now have is the withdrawal of a deal proposition by the EU and a referendum with unknown questions.

I wouldn't quite say all hell will break loose on Monday but we may get those shake rattle and rolls for sure...

 

[MichaelJohnFX]

Monday is going to be so wild.

Trend res @ 11585 - 1 day chart.

But we ended on a bullish note, but after yday night news I think the market is going to tank. China also cut benchmark rates so who knows how markets will open.

All areas stay the same.

 

[Dentalfloss]

4 hour SPX showing some big areas of potential S/R
if we get movement to these areas ..need to see the reaction..bull/bear
spx in a big range..so just moving down within the range

 

[Dentalfloss]

it was bullish on Friday...as we said if spx breaks then it will take dax with it
thats why i marked areas on spx for the open
all will be looking at the gap...if any on sunday night..imho

 

[Dentalfloss]

we can assess the reaction at the open
lots of horizontal res from candle charts
if we move down there is 11370 area
if that breaks then a big technical area is there at 11268-11293

eurusd

we can assess if things are good on that potential supp on eurusd

 

[MichaelJohnFX]

Just in case I don't forget. These are the areas I posted last week:

11726
11632
11598
11515
11450
11420
11399
11360
11288
11234
11190
11139
11039
10997
10872
10780

You can forget about 11515 or anything above that. It's going to be so interesting to see how everything opens.

 

[MichaelJohnFX]

11420 was a breakout area on Friday as well. i'm so glad this whole Greek malarky has been dealt with properly over this weekend though.

 

[Atilla]

Interesting views and numbers

I will make an exception and rise early with the cockerel on Monday morning.

 

[Dentalfloss]

Interesting views and numbers

I will make an exception and rise early with the cockerel on Monday morning. [/QUOTE

a gap up...lets see if supp holds
gap down..lets see if support comes in
sunday night
gives an inkling into the mood
reassess on Monday at 7 am
the trend into Monday 7am on 1 minute candle is important
11327 looks to be another technical confluence area..then 11288 which coincides with Chronic

 

[Dentalfloss]

see if the bulls want to take the dow above 18039
17838 area for support


area of support has held since 17 April on Spx

daily data..close plot
massive horizontal support
if it breaks..then watch the recoil for any weakness... a bad bounce will have 2085 as res

 

[Atilla]

To compare Dentist, CS - EoD closing prices and PP levels from Friday correspond very closely with your R/S numbers.

Attached is the SPX & DOW eod charts from Friday.


SPX
- 2080 has held yes however, I still favour test of 2075s soon.
- We've made a LH and have been unable to get much above 2020.
- On the verge of breaching long term support line (some prefer closing prices and some lows of the day. I've drawn both)
- MACD showing negative divergence
- We closed below PP line in red

Technically with or without Greece SPX looking awfully bearish. Need to see it above 2128 to start feeling bullish about it.


DOW
- Numbers tally up with your S/R levels with
- PP - R1 @ 18038
- PP - S1 @ 17842
- We are at PP.

Pretty similar to SPX but DOW seems more resilient.


Note...
PP levels will change on Monday and hope to post sod charts early in the morning.

 

[MichaelJohnFX]

Look at Dax on Sunday Indicies. Those levels are well and truly out the window

 

[Dentalfloss]

10k is support 👺🎅✨

 

[Dentalfloss]

Catch a falling knife
that should be quite easy with right method

 

[MichaelJohnFX]

Haha shorts all the way to 10,000. Hopefully the spreads won't be too large - but that's wishful thinking here tbh

 

[Dentalfloss]

The initial move will eventually consolidate better still into a tight range
Then OCO
then it heads off to the next levellevel
at some point there will be a wide consolidation before rally
it is great opportunity for bulls to buy

 

[Atilla]

Catch a falling knife
that should be quite easy with right method

Assuming some new piece of news is not announced.

You OCO-ing?


Trying to think this through and whilst no strong opinion it can be construed as positive.

Euro tanks, helps industry and inflation, ECB continues with QE and data improves in the euro-block.

Suspect Investment Banks will be buying the drops.

Big names will be providing sound bites on how all this is positive on the EU and a big burden has now been removed.

Being a BC & DR man plan B has probably been invoked as we speak and press conferences and news releases coordinated.

US may join in the fray and hey presto.


Consider both angles. Dump and then pump would be my guess.

 

[MichaelJohnFX]

The initial move will eventually consolidate better still into a tight range
Then OCO
then it heads off to the next levellevel
at some point there will be a wide consolidation before rally
it is great opportunity for bulls to buy

This is exactly what I was saying to my friend this morning.

 

[Dentalfloss]

Need to see the breakdownwill 1.1000 on EUR and 2080 on spx be res on any bounce
big levels
maybe even the parity being res
first bounce might not be the one to assess...it is the overrall recoil and where that turns