US and Euro stocks mounting one more rally before crashing? | Page 49 | 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?

  • #961
  • Apr 30, 2019 8:41am Apr 30, 2019 8:41am
Quoting medici
{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.
  • #962
  • Apr 30, 2019 8:49am Apr 30, 2019 8:49am
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.
  • #963
  • Apr 30, 2019 8:58am Apr 30, 2019 8:58am
BTW, my S1 is @ 515 on Dow. If it breaks, she really could fall deep all the way to S3 @ 415.
  • #964
  • Last Post: May 1, 2019 10:59am May 1, 2019 10:59am
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
0 traders viewing now