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SPX and DAX - CFDs are the place to be

  • #121
  • Jun 23, 2014 12:09pm Jun 23, 2014 12:09pm
Quoting workingforex
{quote} I am a medium-term bull on DAX as well but in the short-term, don't you think that a correction is deemed, may be to 9790 level or even a bit below before we do a run up again.
So far there's a consolidation on weekly chart, so nothing has been determined. A break of 9820 in my mind is a signal that the correction is due, anything over 10050 is a sign that uptrend is still in force. For now, no indication that a pullback is happening
  • #122
  • Jun 24, 2014 7:47am Jun 24, 2014 7:47am
I'm shorting crude from 106.21, printed bearish engulfing on Daily chart from yesterday
  • #123
  • Jun 24, 2014 10:28am Jun 24, 2014 10:28am
If SPX500 goes to 2000 which is now looking more and more likely the DAX could take ff from here to 10,500 easily. Not much resistance to the upside after 10,000 while at the same time there is not much support down to 9800 either and then 9600
  • #124
  • Jun 24, 2014 2:09pm Jun 24, 2014 2:09pm
Quoting ffleo
get ready for some big drop of stocks. And hold your shorts for months. {image}
Tuesdays are usually up days for US stocks. spx and dow are down for the day. Not a good sign for the stocks.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #125
  • Jun 25, 2014 12:39am Jun 25, 2014 12:39am
Dax 9882 is a key level to watch. It is the low seen Monday morning and if breached a lot of sellers could pile on the pressure

We are within 10 pips of there, the market drifted down slightly overnight
  • #126
  • Jun 25, 2014 6:50am Jun 25, 2014 6:50am
Weds, Dax opened with a gap down at Franfurt open, rose 60 pips but now looks like rolling back down, MAs on higher time frames all point south
  • #127
  • Jun 25, 2014 9:12am Jun 25, 2014 9:12am
Dax n SnP seeking lower targets.
Attached Image(s) (click to enlarge)
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  • #128
  • Jun 25, 2014 10:24am Jun 25, 2014 10:24am
Quoting KiwiOz
Dax n SnP seeking lower targets. {image} {image}

So so your target short term is below 9,691 on the DAX?
  • #129
  • Jun 25, 2014 11:29am Jun 25, 2014 11:29am
Lowest point for dax so far today 9835

I wonder if it may fall again enough to breach 9827 which was a low of about 12 days ago
  • #130
  • Jun 25, 2014 7:28pm Jun 25, 2014 7:28pm
Quoting stylinex
{quote} So so your target short term is below 9,691 on the DAX?
9730 would be the short term target..
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  • #131
  • Jun 26, 2014 3:38am Jun 26, 2014 3:38am
Quoting KiwiOz
{quote} 9730 would be the short term target..

I was was looking at the charts and graphs. How did you see 9730?
  • #132
  • Jun 26, 2014 12:37pm Jun 26, 2014 12:37pm
Quoting KiwiOz
{quote} 9730 would be the short term target..

That at was a very very good call. Still see it retracing back down?
  • #133
  • Jun 26, 2014 7:22pm Jun 26, 2014 7:22pm
Quoting stylinex
{quote} I was was looking at the charts and graphs. How did you see 9730?
DAX.. So long as price does not go above & stay above the Daily pivot I have a target at 9660..
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  • #134
  • Jun 26, 2014 7:28pm Jun 26, 2014 7:28pm
S&P500 is playing hard ball but there is still a target at 1922 beckoning...Has to get back below 1940 for that to happen though.
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  • #135
  • Jun 27, 2014 2:57am Jun 27, 2014 2:57am
Quoting KiwiOz
S&P500 is playing hard ball but there is still a target at 1922 beckoning...Has to get back below 1940 for that to happen though. {image}
DAX seems to fall prior to the SPX500 falling from what I have seen. I was going to open up another short position but price loos a bit risky now as we could see a pop from here or a drop. Since QE is still active it is hard to say.
  • #136
  • Jun 27, 2014 3:36am Jun 27, 2014 3:36am
Quoting stylinex
{quote} DAX seems to fall prior to the SPX500 falling from what I have seen. I was going to open up another short position but price loos a bit risky now as we could see a pop from here or a drop. Since QE is still active it is hard to say.
DAX30: I am expecting a final test around 9927 or so but the overall wind has turned to south I think. Right now I prefer waiting since we are inside a flag pattern.

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  • #137
  • Jun 27, 2014 8:05am Jun 27, 2014 8:05am
SPX made a lower low yesteday, but ultimately ended up as a doji with a large buying wick. Definite indecision creeping up. Hoping to see at least 1938 today.

DAX broke 9820, but still hasn't closed below the monthly pivot. Upside risk is still there in both indices, but both are looking short to me.

Looking for 1938/1931 in SPX intraday and 9660 longer-term in DAX for a buy.

Crude: upside risk to 106.70 remains, very choppy recently, but would like to see 103.55 soon, although possibly not today.
  • #138
  • Jun 27, 2014 11:26am Jun 27, 2014 11:26am
Dax has been in doldrums, moving only 50 pips so far and not trending, after bigger move yesterday

I'd say the momentum is still downwards, after 4 weeks of bull run, we are back now to levels seen this same day 26th of last month
  • #139
  • Jun 27, 2014 2:30pm Jun 27, 2014 2:30pm
Quoting doggette
SPX made a lower low yesteday, but ultimately ended up as a doji with a large buying wick. Definite indecision creeping up. Hoping to see at least 1938 today. DAX broke 9820, but still hasn't closed below the monthly pivot. Upside risk is still there in both indices, but both are looking short to me. Looking for 1938/1931 in SPX intraday and 9660 longer-term in DAX for a buy. Crude: upside risk to 106.70 remains, very choppy recently, but would like to see 103.55 soon, although possibly not today.
With QE in place in both the US and Germany this can be difficult to predict. DAX looks like it is headed downwards but every time the SPX500 drops in the US it gets lifted back up with QE money. When SPX500 drops the DAX follows but the gains from SPX500 have been lagging by the DAX over the last 2 weeks.
  • #140
  • Jun 27, 2014 8:06pm Jun 27, 2014 8:06pm
DAX .... I still think down to 9660 is possible, however, this retrace back up is not finished. 9880 is the target & maybe on up to 9960.
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