US and Euro stocks mounting one more rally before crashing?

4 weeks in a row market's pushing higher and you're still waiting DOW to crash?

What is your point?

I suggest you screw your head back on so that it's facing the right way, and then go read this thread from the beginning.

So what defeat are you talking about then? When a horn's gonna be deep in your arse then you'll admit that you were wrong?

So call it then wise guy. If I'm going to be wrong, then you are obviously going to be right, or why else would you have bothered commenting on this thread in the way you have. Where are the big US indecis - the Dow, S&P and Nasdaq going, how far, and why? Put up, or shut up.

Don't waste your time on him cat - he's clueless with his smartarse, meaningless one liners. In fact one line is the limit of his literary and analytical ability - take a look at his "Money Report".

How far up can't say but I know it can't get stomped

"Markets are in critical transformation":


https://www.cnbc.com/video/2019/01/0...lyst-says.html

With the actual subtittle of the thread, CAT was right! Market did rally one more time and then crashed.

I do not trade on my gut feeling but this reminds me of the rally we had back in 30nov-3dec on some trade news and everybody was optimistic and then market crashed and newer looked back.

Imo this rally is algo driven, because nobody even knows who the source is of the latest fake news trade story.

the goverment shutdown could put US in reccesion.. tesla cuts its jobs, apple cuts sales forecast etc.. outlook in the future doesnt look bright.

If we dont crash my guess will be that we stay in a range.

I will look 4 shorts next week.

US holiday tomorrow, but markets will definitely move. The Dax is close to its Daily 100sma, which i have at 11,300, and this could potentially be a strong resistance level. Despite Fridays incredible rally on the Dax, this correction in what is undoubtedly still a bear market, is still relatively shallow, with plenty more potential upside room. but really, i think the lead will come from US markets this week. With the rally on the Dow and S&P already having rallied a full 60% back up to the October 2018 highs, it will be approaching the upper limits if, this a correction in a Bear market. I think the coming week could well give us the answer. No one is saying the markets are going to crash straight from resistance, they didn't in 2008, and I would not expect them to now, but, if the potential resistance levels hold, those that I've posted above, then we will probably find the price in a range for a while, with some big moves either way, until we get a decisive move one way or the other, which I believe will be south.

fxdk is correct to say that I was right in my initial analysis when I began this thread, so thanks fxdk for the acknowledgment. There was indeed one more rally which took the price up to a double top on the Dow, and a very powerful diversion pattern on the S&P, and then they did indeed crash, 20% on the Dow, putting all of the major US and Euro indecis, in Bear market territory. I believe, despite the strength of the bear market correction, it is still a correction, and we should see much lower levels on all of them. The only question is when exactly. I think we will know before it happens, for the signs will be there, as they always are. After all, as traders, this is what we do is it not -spend years learning how to identify and act upon certain technical patterns we see on our charts? There is no gut feeling, no instinct, only practical application and objectivity. We see a potential buy/sell opportunity developing, we see it come to fruition or not, and we act accordingly. If we do not trust what we see, then there should be no trade, and this applies whether we are looking at a weekly time frame, or a 10 second one.

The Dax is indeed coming off its Daily 100sma, which, combined with the 76.4% fib retracement from the Dec 3rd high, was always going to be a potentially strong resistance level, and so it is proving to be. The lower this drops today, the greater the chance that it will not return to Friday's highs, at least not yet. Still early days however, so we'll have to wait and see.

Yes

It might lift here though just on lower TFs if 5m 20sma can hold. Higher TFs it can still go lower and still be in uptrend overall.

Today I have a few supports at 087, 074, 055, then BRN at 11k... Daily could hit 872-897 and still be in uptrend though, so it can fall further before another lift off.

Today I have no bias, could go any direction tbh.

anyone here trade of a 3min timeframe ?

I don't trade off it, but it's a key tf for me so I have it open all the time.

The girls are tumbling!!

Dow has halted on S2 but I don't see why it would stop there, so S3 which is right on top of the H1 100sma looks like a logical place to aim for. Dax however is on its H1 100sma right now, which is also today's S2 pivot, so if Dow takes another leg down, I'm expecting Dax to head for S3 which is just below the H1 200ema on my charts.

As Dow loves to do, it has jumped right back up, so really could go either way now. Momentum on Dax though still very much down, but it could rally off of this h1 100sma support level up towards S1, perhaps a bit higher.

Looks like the bears have finally got their claws in and aren't letting go this time.