FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

spx stopped out on bounce from our cluster
for a good run

 

[Dentalfloss]

dax 1 min

break at 8.20 am today

 

[Atilla]

DURR !! cannot even spell Eliot

That's nothing m8, I've yet to see you spell Attillaa correctly and it's daily staring you in the face.

As for Friday, 'bear' in mind, eating food helps you drink more. By simply resting above the table as opposed to sliding under it.

 

[Dentalfloss]

dax suddenly looks a bit more bearish

break of minor uptrend/green
downward vertical count
but masses of supp underneath
needs a breathere after 1000 point rally...lol
10285
10255 res areas
needs to stay below 10300

 

[Dentalfloss]

spx..range

1981 minor res area
1 min data

 

[Dentalfloss]

1979 prev supp on 1 min
dax and spx just testing the range

 

[MichaelJohnFX]

If it stays above 10200, I have 10481 on my charts. Not for today but for sure next week.

 

[MichaelJohnFX]

Not really an Elliot wave guy, but move down this morning could have been a wave 4 correction lol in simple terms. Looked like it on the 4 hour chart.

 

[Dentalfloss]

spx in a difficult area
prev supp on way down
near "28" on chart is bullish signal which has recoiled
ideal make up for a bull trap

in p/f terms...a bull trap is a bullish signal that shoots out the other end...ie a fake
we will not know its a trap untikl it breaks below 1968 area
this is now another cluster area on the downside..could be biggish supp
2000...Attillas pension bet makes chart bullish

 

[Dentalfloss]

staying below 10300
now what ??

 

[Atilla]

S1 @ 10220
S2 @ 10085

As always waiting on queue behind US open...

 

[Atilla]

Kool chart on the way for SPX...

Work of art

 

[Atilla]

SPX is in no man's land. Beware!

As with 2074 level 1974 is today PP. Looking at Fib retracement and either side of PP, we are effectively between 50-61% (blue numbers).

If we do peak to 2000+ this week, I'd be well surprised and shocked and will go back to taking my valium. More shorts will follow in synch with more twitches on my cheeks.

Also, looking at the down-side (so no one can say I'm all bull), 1955 is so attractive it's a big turn on for a resting place. Been tested enough times up and down.


So SPX is clearly a dead cert between an attempt for 2000 coupled with a pull back to 1950s.


Anywhere on that PP is no mans land. Above PP buy, below PP sell.

Will I buy? No

Will I sell? Yes, especially off R1s or 2000 line. Stops somewhere above 2010s.


Good day today. Sun is out.

 

[Atilla]

Wait there is more. I'm on a roll.

For the techies, there also is a complex H&S pattern indicating a reversal, that seems to have played out it's self to the full (in blue).

Another reason to beware of bulls. Exhaustion comes after a lot of bull as we all know.

 

[Local1]

spx making a run for it... will run out of petrol again on way up??!!

 

[Local1]

http://www.bloomberg.com/news/artic...-panicked-japanese-day-trader-made-34-million

 

[Local1]

wedge formation on 5 min dax ready to go one way or other....

 

[Dentalfloss]

afternoon all
nice lunch ??
ready for a dump ??

 

[Local1]

afternoon all
nice lunch ??
ready for a dump ??

looks ready difficult to get in, lacks momentum

in Atilla's no mans land

 

[Dentalfloss]

1986 area
res/trend and horizontal
1980/prev supp
lets see how it deals with 1986 area
then 1995
then 2k