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SPX: the Dow and SPX have both formed what could be interpreted as sideways triangles. If so, these triangles will likely lead to a push into new marginal highs.
The pattern on SPX is less clear than the Dow.
DOW: the alternative interpretation (for both Dow and S&P) is a rising wedge B wave.
The next couple days will likely confirm one way or the other.
Today is S4H after spill down.
I am buying the early US drop and will close at 16:00 BST
just to be on the safe side.Never give up, never surrender.
Today is S4H after spill down.
I am buying the early US drop and will close at 16:00 BST
just to be on the safe side.If you took the trade you are well in profit so
move those stops and relax, like me.Never give up, never surrender.
Yesterday’s long Dow and short sp500 was a mixed bag
and I have closed both trades now for a small loss.Never give up, never surrender.
Small short Dow at 27307 … stop n/a … limit n/a
Small short sp500 at 3019 … stop n/a … limit n/a
Never give up, never surrender.
Odds are for S1L after spill up.
If we see Dow 27000 and sp500 3000 this week
then that would be a nice little earner.However it is possible the market holds
until FMOC at EOM.Never give up, never surrender.
SPX: the market shot upwards to a new marginal high as suggested by the triangle formation. Frankly the minute-by-minute chart is a bit ambiguous because it can be a triangle or a simple ABC. Upside targets are 3024, 3030 and then higher at 3060 (not very likely).
There’s divergence on the daily (chart to follow) and if that divergence is to be valid the SPX needs a ‘pop and drop’.
SPX daily shows divergence on the oscillators. Usually indicative of a top close-by. Whether that top will be 3024, 3030 or some other number remains to be seen.
Odds are for S1L after spill up.
If we see Dow 27000 and sp500 3000 this week
then that would be a nice little earner.However it is possible the market holds
until FMOC at EOM.Closed both … profit Dow … loss sp500 … net b/e
I will wait for the EcB news at mid day.
May be try for Dow 27350 … spx 3030
Never give up, never surrender.
Small short Dow at 27300 … stop 30500 … limit 18000 ( x 2 )
Just to cover a truncation of sorts.
I am prepared to play the long ( sic ) game.
Never give up, never surrender.
German and French stock markets got very excited at the
open but have since fallen back.EcB to do nothing or have the markets priced it all in ?
Never give up, never surrender.
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