Forex Factory (https://www.forexfactory.com/)
-   Trading Discussion (https://www.forexfactory.com/forum/11-trading-discussion)
-   -   US and Euro stocks mounting one more rally before crashing? (https://www.forexfactory.com/thread/787890-us-and-euro-stocks-mounting-one-more-rally)

cat Apr 30, 2019 9:41am | Post# 961

{quote} Yesterday's all-time-high in the S&P 500 ended with a sharp sell-off into the close, just like back in Ocotober....certainly a sign that the downward momentum could pick up today.
Yes, these spikes must be seen for what they are, because when they have hit resistance, they turn fast and hard, typical of a market highly uneasy about its levels.

15m 200ema touched now on this dip, which held yesterday and overnight. Will it do so again, or are we going lower? I don't see it going too much lower today, but I could be wrong.

cat Apr 30, 2019 9:49am | Post# 962

If Dow does push lower, then S1 pivot today looks like potentially strong S, as it sits on top of the H1 200sma which sent the price back up yesterday, which in itself doesn't mean much, but it does still look like a support level if this 15m 200ema is broken.

cat Apr 30, 2019 9:58am | Post# 963

BTW, my S1 is @ 515 on Dow. If it breaks, she really could fall deep all the way to S3 @ 415.

cat May 1, 2019 11:59am | Post# 964

This will be my last post on this thread. For those who are interested in trading the Dow and the Dax, you are welcome to join me on my new interactive thread.

https://www.forexfactory.com/showthr...9#post12248799


© Forex Factory