International indices trading

For what its worth FTSE and ALSI looks like Bears are still in control

Looking at the DAX 4H chart i see a good opportunity for a medium to long term LONG. It has retraced 50% from the January lows and the current level was a level of resistance in February. Should Bears drive this thing down again i think 10,612 area is a good place to add longs if you wish to start accumulating at current levels. 

Looking at the DOW 4H chart, i think we are going to bounce to 17,950 to 18,000 then resume the journey South again. If that happens then we have a Head & Shoulder pattern that can take us to around 17,050. 

Comments and criticism welcome...

DAX now in correction territory having dropped almost 12% of its ATH of 12,429.50 which was recorded on the 10th of April 2015. 

Possible but the daily macd has crossed the 0 line down and then bad things tend to happen, same story with Top40, she is staying outside the bollingerband while she continues down, my take just a matter of time and that bollingerband will turn down too!

 

IMO just the NFP keeping her up, should see a quick down move towards her 200 daily moving average at 17600!Then a good buy for a bounce, cycle date point to a low next Thursay so keep it in mind!

 

A

Great, so will be taking shorts till next week Thursday and avoid being long. 

Hey A, 

 

I am not very good at playing the longer time frames but your input is much appreciated here. 

 

Looking at the daily chart i see DOW touched the lower bollinger band and he came back inside the Bollinger bands so does that mean she could head up first to the upper Bollinger band before that nasty move down? 

Possible but the daily macd has crossed the 0 line down and then bad things tend to happen, same story with Top40, she is staying outside the bollingerband while she continues down, my take just a matter of time and that bollingerband will turn down too!

IMO just the NFP keeping her up, should see a quick down move towards her 200 daily moving average at 17600!Then a good buy for a bounce, cycle date point to a low next Thursay so keep it in mind!

A

MACD uptrend already broken...just need to get NFP out of the way then it is bye bye!

 

A

Yeah now i see what you are talking about that looks really nasty indeed. 

Next week she is going to drop like a rock!!

 

A

Hey A, 

I am not very good at playing the longer time frames but your input is much appreciated here. 

Looking at the daily chart i see DOW touched the lower bollinger band and he came back inside the Bollinger bands so does that mean she could head up first to the upper Bollinger band before that nasty move down? 

Next week she is going to drop like a rock!!

 

A

MACD uptrend already broken...just need to get NFP out of the way then it is bye bye!

A

And out for 45 pips. 

 

This thing can go lower but happy with returns so over and out for the day

Next week she is going to drop like a rock!!

A

Short DOW 18,034

And out for 45 pips. 

This thing can go lower but happy with returns so over and out for the day

Short DOW 18,034

It is awfully quiet in here. Anyone there? 

Tempted to short DOW

I see an inverse Head and Shoulders pattern in the making on DOW futures 1H chart, still forming the RS, so we might pull back to around 17,920 then will start going higher from there. Neckline is at 18,050 and target is 18,300. 

That didn't play out but the retrace on DOW was 61.8% of the move from the low of 30 April to the high recorded on the 4th of May. So hopefully the Bull is back 

I see an inverse Head and Shoulders pattern in the making on DOW futures 1H chart, still forming the RS, so we might pull back to around 17,920 then will start going higher from there. Neckline is at 18,050 and target is 18,300. 

Back in long on DAX 12,314.5

Long DAX 12,292

Closed at 12,337.5

Long DAX 12,292

Nice dip on DAX as well, if anyone is interested in going long 

DAX looking weak now short term, if you are holding a long for short term you can exit. 

Long DOW 17,861

Taking profit here, out 17,894. Will jump back in when US markets open.