Indices

[Caseynotes]

Was interesting @PandaFace, even more so now as people realised Trump was only discounting the most severe response  to China (for the moment), not actually halting the 'trade war'.

Bounce off the 200 MA on the 1 hour chart and back to retest 24084.

  

[Caseynotes]

Dow recovered on the US session open yesterday pulling the dax and ftse up along with it. Dow now stalled at resistance 24373 while ftse is attempting to break 7659 with a view to 7705.

[Caseynotes]

All on the back foot this morning on a belated reaction to the story from Friday morning posted in the 'Trade war' thread.

 https://www.axios.com/trump-trade-war-leaked-bill-world-trade-organization-united-states-d51278d2-0516-4def-a4d3-ed676f4e0f83.html

 

 

[Caseynotes]

Continuing to dig their way back up the charts though dax and dow and nikkei encountering resistance. What will NFP bring to the table?

Daily charts;

[Caseynotes]

Dow and Nikkei start the week on a positive while Dax and FTSE hesitating. 

Daily charts;

[Caseynotes]

Indecision as trade war looks to rattle on with further escalations. Nikkei down and Dax and Dow stalled on the way up.

4 Hour Charts;

 

[Caseynotes]

Dow makes an important break up past 24944 resistance of prior high and now aiming for 25405. Looking to Dax and FTSE to follow.

4 Hour charts;

 

 

[Caseynotes]

The Dow 4 hour looks poised for a break to the upside which could carry the others along with it.

[Caseynotes]

One of the most amazing charts of the S&P500 you will ever see plus the very interesting article behind it (posted today).

http://theirrelevantinvestor.com/2018/07/19/pareto/

 

[JamesIG]

interesting set of charts, and a great name for a blog ?

[Caseynotes]

The indices are searching for support but we may well be getting close to the end game here as Trump threatens to go 'all in' with a tariff on the remaining imported goods from China ($500 Billion). Chinese can't respond in kind and have started to talk of a boycott instead, time to do a deal?

4 Hour charts;

 

[Caseynotes]

Meant to add this report I read this morning but couldn't find it again. Relays how Beijing is being unusually cautious this time round (China only imports $130 Billion of US goods).

https://www.scmp.com/news/china/economy/article/2156349/why-beijing-unusually-muted-donald-trumps-latest-us500-billion

 

[Caseynotes]

Support looks to be in place so looking for an up day today. 

[Caseynotes]

Yesterday dow breached resistance while dax hesitated, today could swing on the Juncker visit. Trump will do a deal if the EU have anything to offer. A nice break upward for the ftse but the bulls will want to see some continuation.

Charts;

[Caseynotes]

Useful anniversary reminder of the relationship between Treasury Yields and Indices.

 

[Caseynotes]

Word is Junker has given concessions and Trump has his deal. Dow 1 hour chart, expect the others to follow.

[Caseynotes]

Dow and Dax looking to push higher, FTSE with stubborn resistance at 7700.

4 hour charts. 

[Caseynotes]

They are all getting a lift on reports US and China have agreed to re-start trade talks.

1 hour charts;

 

[Caseynotes]

Nasdaq ends the month over 2% higher at a new all time monthly closing high.

[Caseynotes]

Lacking direction with the Dow at top of range, NFP this afternoon may decide a breakout or another leg down.

Daily charts;

[Caseynotes]

The Dow stays in touch with the weekly resistance level 25590 and hoping for some relief in the trade war with China to give it a boost.

Daily charts;

 

 

[Caseynotes]

Today looking for the Dow to continue higher to retest resistance at 25590 and drag the others with it.

4 hour charts;

[Caseynotes]

The Dow managed to break up into some clear space yesterday and Trump talking up GDP 'may be in the 5's next quarter'. FTSE, Dax and Nikkei still have some resistance overhead. Interesting weekly charts;

[Kazeko]

Hi @Caseynotes

I appreciate you taking the time to share your insights. As a novice trader, I find them very interesting and helpful.

All things considered, would you short either DAX or NASDAQ at this moment in time?

[Caseynotes]

HI @Kazeko, I don't trade the Nasdaq but included the post on it a week ago as it made an all time high and many think it is something of a leading indicator for indices. If I were a long-term trader (which I'm not) I wouldn't be trying to pick the highs. The uptrend prevails and with no resistance levels ahead where the bears might ambush price dip buying is the only play until the bears have shown they have taken control.

I look at the Dow every morning as it is often a leading indicator for the other global indices then I look at the Dax as that is the one I'm going to trade. If the dow looks bullish I would be looking for similar signs in the dax but more importantly I am looking for price to move from one support/resistance level to the next on an intraday basis.

This morning there were mixed signals but if you look at yesterday's dax post price was moving up off clear support and the target was also clear and that was indeed how the day transpired.

So I don't really try to make predictions, basically I'm looking for clear direction with a clear target then I'm looking for an opportunity to jump aboard.

[Caseynotes]

Dow hoping for support off 25500 while Dax looks to have rebounded off the recent trend line. FTSE climbing into stacked resistance levels while Nikkei trying for another leg back up to 22789.

4 hour charts;

[Caseynotes]

Big 350 point drop in the Nikkei seems to be pulling all else down though not to the same degree. Nikkei trying to keep in touch with support level 22344 but there is a big gap down if loses it's grip. FTSE resting on solid support while Dax and Dow are still looking.

 

[Caseynotes]

All gaped down after the weekend and remain unfilled, are waiting now for the London open to give some direction.

Daily charts;

 

[Caseynotes]

Looking like they have found support and as with the Nikkei are likely this morning to explore higher for resistance.

Daily charts;

 

[Caseynotes]

Lack of enthusiasm to have a real go at the 4 hr (yellow) resistance levels in the indices charts, current picture looks like a retest of the 4 hr support levels most likely this morning.

4 hour charts;