Long term ( monthly) outlook of S&P 500 in defining the position in the trend followed by zoomed in version in weekly time frame to uncover what may be unfolding at present. Welcome to a potential congestion on the weekly. Last paragraph has the summary if rest of the analysis is…
At the prior post, we looked at the medium and short term developments of DAX without the bigger picture ( major road map) on sight. Let’s now visit the big picture of this European powerhouse market for more insights in trying to determine our position on it. I can see a 5…
Weekly chart and another box of tricks with Dax within a major uptrend. Box of tricks = Congestion/flat price action behaviour/trading range which is representative of it’s medium term trend. Once the box of tricks resolves itself in either direction, it would then tell us whether or not it is a…
Will we see a weekly bearish pivot with Nasdaq 100 ? If we did, how can it be interpreted ? Prior to this, lets look at the major, medium and short term trends of Nasdaq 100 and try and read the anticipated bearish pivot within the context of those if we…
This is the monthly chart of Shanghai Composite. I have highlighted two boxes of interest. In Blue as well as in Red. Pattern also in the making within the Green support and resistance lines which I won’t get into but rather focus on price support and resistance. Since GFC has Shanghai gone…
As the legendary analyst/trader Mr Richard Demille Wyckoff once said, “Everything that market did today must be compared with what it did before”. This always come to my mind when I look at a chart and start my analysis. I have marked two rallies in Blue which may be cross referenced using the teachings of this…
Correction in the intermediate term still in full force within a major uptrend. Subject to the close tomorrow (14/04), we may have the bullish pivot which has been in the making. If on hand, that would keep the potential W Bottom well and truly alive. My view is that further…
Breakout attempt by DAX by the close of the session stalled but not failed. Price action back into the congestion zone (potential ending diagonal to be precise). What to look for from here on which may signal a false/fake attempt ? Short term bearish reversal of some kind, pivot in bars or alike…
All shown on the daily chart requiring no analysis. 12600 and 12800 are the two levels to watch on the upside over the short term as well as MUST HOLD SUPPORT level ( shown on the chart) on the downside. Analysis continues…. Chart is courtesy of tradingview.com Disclaimer All the information and analysis provided…
A hairline crack of what may be considered an intra-week support break of an Intermediate degree corrective Wave 4 low is now on hand. Will this lead to a decisive break of that level ? It may in time. Even if in the short term it is negated by price action closing above that level temporarily, extra caution…