Carpe diem: Intraday tactics for Dax and Dow

Anyone know what time the travel ban ruling is ment to take place in the US?

Next is to end this upmove ... and then H4 needs to complete 3W correction to 11400-113XX zone, that could be end of this trading week.

Keeping an eye on NQ, since it made a marginal break of the ATH in the premarket.

Bullish scenario is clear - keep the line, and go up up up, as Buzz Lightyear would say: "To infinity and beyond!" and pull the rest of the US bunch higher to uncharted teritories.

Bearish scenario - IF it is unable to hold this value, that could be just another failed breakout, easily going down to 5120, with potential to bring down other US indices. This has to be monitored in real time, after NYSE open. Just the lack of streght here, on the ATH, would mean a liquidation break, IMHO. Here the Advance Decline line and NYSE Tick comes handy (altough they are more valuable for ES), to determine the strenght "under the hood", because they need all the strenght they can get to move market higher... and sustained momentum. So, we will see, gonna be interesting.

Also, small caps - Russell 2000 - is coiling for some time, if you look at TF or IWM daily charts, looks like a massive bullflag.

If it gets voted through, possible given legal corruption in the US that would kick off a fresh correction...

Hi guys!
According to my calculations 11600 is not the top for DAX for today. Based on correlation with DOW Jones, in my opinion, DAX will hit today 11626, for DOW I expect for today 20164. From this price, I think to sell. These highs will be impulses after starting US session. Already added pending order sell DOW 20157, because I don't have courage to buy on this level. Sell for DAX 11620, tp 11000 middle term, for scalping 11620, tp 11560.

How do you find 11626 ?

[quote = evgenia; 9534083] Hola chicos! Según mis cálculos 11600 no es la parte superior de DAX para hoy. Con base en la correlación con Dow Jones, en mi opinión, el DAX llegará hoy 11626, por DOW espero para hoy 20164. A partir de este precio, creo que vender. Estos máximos serán los impulsos después de iniciar sesión estadounidense. Ya añadió orden pendiente vender DOW 20157, debido a que no tengo valor para comprar en este nivel. Vender por DAX 11620, 11000 tp término medio, para arrancar el cuero cabelludo 11620, 11560. tp divisas 873.png; 2.176.543 {image} [/ quote]
Hello Evgenia, welcome back to the forum.

Fibo 38.2

I do not obtain any level but especially us markets diverging. Just begin to short...small sizes. tp not before than 10300. small size and I can support balance and add even it go 12.4xx.

Thanks Straydog. It makes sense...

Nice short opening Well done... possible could be one for the long term... expecting some volitile swings

11626 is previous support. Thank you jmss59, I'm just busy and don't have too much time for writing in forums. Anyway, my pending order sell DOW was not opened for less than point. I watch to open sell manually.

Catempire, was not opened for less than point. But I expect to break 20160 today and few points over 20160, so I keep this pending order.

The long-term bullish guideline remains intact, in the short term also the price to take the bullish path, to see that it takes to break the level 11600

Actually, this is diagonal resistance, current point for today is 11626, and as I said and if you check the charts this point was previous support, at the moment resistance over 11600.

DJI

The down on TF of H4 may be setting up a trap and could perform a PB to retry the level. In the CP if you can not break the level 20076 can be the confirmation of the PB

Short DAX 11580, seems 11600 is enough strong resistance and 11626 will not be reached. TP 11640 for scalping.

[Quote = evgenia; 9534494] Corto DAX 11580, 11600 parece es lo suficientemente fuerte resistencia y no se alcanzará 11626. 11640 TP para arrancar el cuero cabelludo. 877.png divisas; 2.176.705 {image} [/ quote]
11540 TP Evgenia

Analysis update :
First target hit.