FTSE, DAX, DOW Trading Ideas and discussions

qkp9iA9b


View on 5 min if trend reverses.
650 area would be trend res
 
a closer look at the last 3 days
downtrend got taken out yesterday
new minor uptrend
some res areas marked
could go either way..could be a dead cat bounce/minor
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Morning all :)

Quick gander at the charts. No change in grizzly views. Earnings reasonable but doesn't justify where we are or the possibility of new highs, considering

1. Fed rate hike
2. Strong dollar
3. Faltering demand with China & Grexit issues

No crash but do agree with sideways consolidation or further drops.

Here are the usual three daily charts with PP levels watched... Be back in the afternoon....

I don't usually eat ice-cream but today will be an exception. (y)
 

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pp9Tx4pR


Yellow line - too steep. Whether you like it or not bulls need to get tested - it's a fact. For me, bulls need to get tested @ 11270 - that's a retracement of 50%, 11416 is 61.8% on Fibonacci - from a predicted top of 11880 which has loads of horizontal res - see 1 day chart since January. Chirro23 thinks we'll get a corrections into that area - so matches my analysis. I'll probably ride this to about 840-880 - then turn back my shorts in. Don't forget OPEX is tomorrow too.

long trade for me is also getting too crowded - it just has to let off some steam eventually.

60 points from initial target -. 420 is trend sup too.
 
exited all positions at 504
Just in case it is not an intra day reversal
 
Would not been seen dead with an Apple watch, I really don't know what idiots are buying them.
 
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