The beauty of it all, all major resistances respected well:

DAX too:

Perfect respect for resistance and fibs, and a great candle formation on top. Whoever programmed the human mind was doing something beautiful:

Ah seems the analysis I posted some time ago is still valid! There just was more momentum than I expected initially, as you can see the resistance and the fib level are still very much respected on daily TF despite intraday rally. Stocks have also ...

I expect EUR/USD to continue drifting lower in the medium term with a target for next week at about 1.3640 and while the DAX is below the red line on the chart I continue to be bearish about the index. I'm not recommending a fresh short there(DAX) ...

So far the euro is obeying well the daily resistance: closed below it, and now continuing to retreat.

It'll be interesting to see if they will work towards confirming the double bottom forming on the USD/JPY chart right now. If I were in the BOJ I'd definitely want to use this formation to my benefit. So far it's holding, if barely so. I'm eagerly ...

As you see resistances are near on all of these charts.

Slide was cause by this double top on DJ:

Since I've been trading mostly equities lately, I had to check again my EUR/USD charts and found something interesting you might wanna see - an emerging H&S possibility on the 4H. And guess where's the projected top for the right shoulder? At about ...

Bringing to your attention: the possibility of a severe Dow crash sometimes today or next week perhaps. There is high energy on the market and it can lead to a great increase in volatility. Also it has a "crossing of death" MA pattern signaling the ...

Was talking about the S&P:

S&P now trading below the 61.8 fib of the multi day rally. Let's see if it breaks.

Equity double top activated as projected after meeting 50% fib

Equities rebounding to positive. S&P find support @ 50%

S&P finding support

Look for the places to go long equities. A correction is necessary, but the black line should pull it strongly towards a double top on the 4H.

Will resistance turn support? It's close call.

Oh yes indeed!

That's the level that had to be broken. I thought it was a weaker resistance but was quite a fight.