US and Euro stocks mounting one more rally before crashing? | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The HolyGrail 1.6 Crashing Mt4 2 replies

Help! my MT4 keeps crashing. 4 replies

"Live Update" crashing MT4? 5 replies

metatrader keeps crashing 2 replies

two version of FF tunnel Chart, one say down, one say up, which one is correct? 3 replies

Attachments: US and Euro stocks mounting one more rally before crashing?
Exit Attachments

US and Euro stocks mounting one more rally before crashing?

  • #161
  • Edited 9:21am Sep 19, 2018 9:11am | Edited 9:21am
Just to remind any Dax traders who might have been caught trying to sell this thing, this was my outlook posted a couple of pages back, with the resistance levels I am watching out for.

We had stalled right beneath the H4 100sma, and now we've just hit my H6 100sma which has caused a bit of a reaction. Above this, and the next resistance I have is the H4 200ema @ 12,278, with today's R2 pivot just below that.

The Dow has just this minute hit the trend line at 400, and that to me is a pretty big marker. The S&P has yet to break above yesterday's high.

Definitely more room to the upside on Dax, but US equities at critical levels right now.
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 (DFB) (1).png Size: 65 KB
  • #162
  • Sep 20, 2018 5:52am Sep 20, 2018 5:52am
Quick Dax update.

Continuing with its upward movement as expected, and now just short of the 61.8% fib retrace posted above, so we are getting to the levels now that Dax could find major resistance on, and the price is currently on the h4 200ema which is today's R2 pivot, so be vigilant if you're long or you want to short this thing.

The pullback from the June high, reached just short of the 76.4% fib, the one from the July high topped out on the 61.8%, and now that is where we are now. If we do continue higher, then the highest I have before turning south again is around 12,500.
  • #163
  • Sep 20, 2018 6:35am Sep 20, 2018 6:35am
Getting towards blow off or "death-throe" territory for the Dow as well? It didn't hesitate much at that trendline dating back to early 2017 but maybe that's just part of the "irrational exuberance" in action. Should have held on to that long from the NY open yesterday...but get the feeling that a vicious turnaround isn't that far off.
  • #164
  • Sep 20, 2018 7:04am Sep 20, 2018 7:04am
Quoting tomase
Getting towards blow off or "death-throe" territory for the Dow as well? It didn't hesitate much at that trendline dating back to early 2017 but maybe that's just part of the "irrational exuberance" in action. Should have held on to that long from the NY open yesterday...but get the feeling that a vicious turnaround isn't that far off.
I kind of want to see Dax get a bit closer to its daily 200ema, as this would actually be a very shallow pullback if it turned here, S&P putting in new highs as I type, and Dow has broken the trend line and may even hit double top or make an all time high today, so all still very bullish for now.
  • #165
  • Sep 20, 2018 7:30am Sep 20, 2018 7:30am
What we want is a Dow double top, that would be just beautiful, and if confirmed, there will be an enormous amount of selling coming into the market.
  • #166
  • Sep 20, 2018 7:48am Sep 20, 2018 7:48am
Quoting cat
What we want is a Dow double top, that would be just beautiful, and if confirmed, there will be an enormous amount of selling coming into the market.
There must be a huge number of sell orders there by now which might mean there could be a large spike through it as all the stops are taken out. This afternoon and tomorrow are going to be very interesting!
  • #167
  • Edited 8:03am Sep 20, 2018 7:50am | Edited 8:03am
Quoting tomase
{quote} There must be a huge number of sell orders there by now which might mean there could be a large spike through it as all the stops are taken out. This afternoon and tomorrow are going to be very interesting!
Indeed.

I would actually like to see S&P hit 3000, as that looks like the obvious target to aim for right now. At that level, there would be a perfect diversion pattern, both on that, and on the Dow.

One thing for sure, there's a perfect storm brewing, not just on technicals, but on fundamentals as well. Watch gold closely, because the big players, Goldman Sachs and Co, will be positioning themselves as we speak, and they will begin to pile into Gold before anyone realizes that stocks are about to come down. Both Russia and China are buying gold like crazy at the moment, and Russia has just dumped almost all of it US treasuries, not overly significant in itself, but the US needs buyers for its bonds to service its debt, and once it struggles to find them, it's goodnight Josephine for the $ and the entire US economy.
  • #168
  • Sep 20, 2018 9:46am Sep 20, 2018 9:46am
after reluctantly to move for several days. finaly it moves a bit lol
get ready for short term down retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture2.JPG Size: 170 KB
Profit growth tells you the trader ability.
  • #169
  • Sep 21, 2018 2:05am Sep 21, 2018 2:05am
According to an FT report this morning, $14.5 billion have been pumped into US equities this week, the highest since March!

Pump and dump?!
  • #170
  • Sep 21, 2018 2:28am Sep 21, 2018 2:28am
Gold is looking very strong to me, and we could see a move up towards 1,230 or so from today. With equities currently being pumped up as they are, this for me is a sign, no more than that right now, that equities may soon peak with very strong diversion now on the weekly S&P.
  • #171
  • Sep 21, 2018 2:36am Sep 21, 2018 2:36am
For those of you who have been following this thread, you'll know that I have the 76.4% fib retrace as a potentially very strong resistance level on the Dax. We have just hit it, combined with today's R1 and the H6 200sma.
  • #172
  • Sep 21, 2018 3:08am Sep 21, 2018 3:08am
76.4% broken...there's more fire in this baby. I'm looking at 12,500 as the next potential resistance target on Dax.
  • #173
  • Sep 21, 2018 3:42am Sep 21, 2018 3:42am
Attached Image
  • #174
  • Sep 21, 2018 3:56am Sep 21, 2018 3:56am
Quoting tomase
{image}
All I know is that last move up through the 76.4% on Dax was an odd one, so bearing in mind where we now are, you have to make your own judgement.
  • #175
  • Sep 21, 2018 4:04am Sep 21, 2018 4:04am
About to plant a "kiss" on this weekly trendline dating back to 2016.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture 1.PNG Size: 49 KB
  • #176
  • Sep 21, 2018 4:10am Sep 21, 2018 4:10am
Quoting tomase
{image}
I love that picture !!!
  • #177
  • Sep 21, 2018 4:14am Sep 21, 2018 4:14am
Very strong shooting star on the Dax hourly. That last up move up had all the characteristics of a death throe move.Still early days though, but the early bird catches the worm!
  • #178
  • Sep 21, 2018 6:07am Sep 21, 2018 6:07am
Dax H4 has closed on a gravestone Doji, the most bearish candle there is. ( The Doji has to come at the top of a rally to be valid )
  • #179
  • Sep 21, 2018 7:09am Sep 21, 2018 7:09am
Quoting cat
Dax H4 has closed on a gravestone Doji, the most bearish candle there is. ( The Doji has to come at the top of a rally to be valid )
It seems to me that candle is in the middle of the trend and not at the top. We'll see

PS: Let me retract that, I see what you were looking at
  • #180
  • Sep 21, 2018 7:27am Sep 21, 2018 7:27am
Quoting darko2010
{quote} It seems to me that candle is in the middle of the trend and not at the top. We'll see
I never said this was the top, but, if you look back at the 2 day Dax chart I posted, you'll see that the price has reached the level that I predicted we might see a reversal. The three telltale signs I got this morning from the pa were 1/ that sudden death throe up move beginning 08.43, 2/ 30m MACD diversion, 3/ H1 shooting star, and to top those, a gravestone doji on the H4, and all combined with a level I had previously marked down as a potentially strong reversal zone. Now we may well still push higher, the Dow and S&P certainly look strong still, but a combination of signals like that are the sort of thing I look out for.
0 traders viewing now