DislikedJust to add to my Nov 7th post above, for Dax traders, I have Dax sitting at a potentially critical resistance level at it's current price, so I would not be at all surprised to see it coming down next week........ {image}Ignored
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DislikedJust to add to my Nov 7th post above, for Dax traders, I have Dax sitting at a potentially critical resistance level at it's current price, so I would not be at all surprised to see it coming down next week........ {image}Ignored
DislikedAs you can clearly see, the Dow is within my so called ' Danger Level ' posted on this thread earlier, and so far, it is being held. Whether it can break out north of this remains to be seen, but if it drops, as I suspect it might, then we will be looking most likely at some pretty big falls, 1000 pips or more. The levels I predict the price may fall to if we turn south from inside my danger level are shown by the yellow and orange markers, the 61.8 & 76.4% fibonacci levels respectively. It is not my intention to call any shorts, for that is up...Ignored
Disliked{quote} I agree with you to some extent, but: The daily and weekly show no weakness so far The Fed is still in full QE mode and free cash is plenty The market awaits for the decision on tariffs by Dec 15 Trade safeIgnored
DislikedAs I said in my last post, the technicals were screaming for a turn south on both US and EU indecis, and so no surprise today to see some big down moves. I'm now looking at around the 12,800 level for potential support on the Dax, though I think it may drop further if it gets there to around 12,400 initially. The Dow has found support on its 76.4% retrace fib level for now, and the S&P is currently between its 61.8% and 76.4%, and both threatening to break lower, so wer'll see whether they can stage a fight back in the second half of the US trading...Ignored
DislikedHappy New Year my friend, from down here in Oz! In line with your comments, I agree.... And with the new film coming out, this is only fitting ! https://www.youtube.com/watch?v=kUsFWO08CO0Ignored