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Once again we hit the ceiling and fall back down to the ground.

Stick a fork in this goose's a$$ Peregrin Took, it's done.

DJI-Daily.thumb.png.5a8d8a61bdd7ee73c4e4f6ae7797fbb0.png

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Cripes Eileen, have we got a wee overnight recovery going on 🤓

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Go long on the MACD crossing, Samwise Gamgee 🤓😻

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S&P looks again at key resistance. Dax and Dow recover to the daily pivot.

FTSE and S&P daily charts.

Dax and Dow H1 charts;

 

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Posted (edited)
14 hours ago, dmedin said:

Once again we hit the ceiling and fall back down to the ground.

Stick a fork in this goose's a$$ Peregrin Took, it's done.

DJI-Daily.thumb.png.5a8d8a61bdd7ee73c4e4f6ae7797fbb0.png

 

Seems like the time being taken to reach the resistance is falling with each 'wave up', could be a sign it's about to be broken 😻

Each 'surge' above the 20 day SMA represents another rally up and we just had another such surge ...

Edited by dmedin

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7 minutes ago, dmedin said:

Seems like the time being taken to reach the resistance is falling with each 'wave up', could be a sign it's about to be broken 😻

yes, the S&P looks ready to break as well.

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A wee stumble but building up for another burst 😻

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Come hither, my sweet 🐮

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So things turned overnight and going short now.

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1 hour ago, dmedin said:

So things turned overnight and going short now.

Not any more :D

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30 minutes ago, dmedin said:

Not any more :D

trying for a base at 24400 for a new swing up but just needs a push to get back above the pivot (24483).

needs to challenge Tuesday's high soon or will be forced to look for more support further down.

 

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FTSE and S&P daily with weekly pivots.

Dax and Dow H1 daily pivots and yesterday's low to high Fibs.

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Dax and Dow M15, check of support and back to the daily pivot;

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Another yucky in-between indecisive moment.

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11 minutes ago, dmedin said:

Another yucky in-between indecisive moment.

yes, when direction is undecided/disputed just box it off and wait for a break. 

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Powering on despite negative data :D

Only 34k more unemployment claims than expected!

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10 minutes ago, dmedin said:

Only 34k more unemployment claims than expected!

34k more than the 2.4 million expected and the Philly Fed was only minus 43 (previous minus 56) happy days! 🥳

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Everything is being sold off now Peregrin Took.  Indices, commodities, currencies ...

And oh look, it's grey and raining outside.

Happy Friday.

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1 minute ago, dmedin said:

🐻

still not clear as to why apart from just hanging around at resistance without a break for too long so a trip down to find more support.

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Dow taking a look at yesterday's low after bouncing up off S2;

H1 charts;

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Nasdaq ATH (10 000)?

and then what?

keep rising in the channel and reach 13 000 in August? (and Buffet go long FANG?)

or what else?

 

 

 

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Nas and S&P weekly charts. S&P still looking for an excuse to break resistance.

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Come on now Peregrin Took, break through with a big stonker! 🐮🤠

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