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Caseynotes

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Posts posted by Caseynotes

  1. Ok, so (during the London market open hours)  the LOD is going to be 12384 and the HOD will be around 12460 (between R1 and R2).

    Even though being a Ger bank holiday and a FOMC day I really can't see what could possibly go wrong with this prediction 🙄

    If by some inexplicable quirk of fate this fails miserably I'll keep trying on a daily bases in the hope of averaging out. 

     

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  2. Taking a look at market profile for a few days, though MP has lost some of it's impact due to the adoption of 24 hr markets I'm looking specifically at the point of control and value areas. Let's see also if I can predict the high and low of day after the first hour of London open (bit silly to try on a fomc day but ...)

    Dax currently looking for support. LT bull, MT neutral and ST is bull so looking to fade off support as well as buy pullbacks.

    Dow is currently LT bull, MT bull and ST neutral so waiting.

    image.thumb.png.f1e30e37b859c8caf6be2ff930eb6b00.png

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  3. Very good Apple earning release gives the US indices a lift just after US session close yesterday.

    Bank holiday for Swiss, Germany, France and Italy. Public holiday for JPY and China.

    1:15 pm US ADP nfp data.  3:00 pm US ism PMI data.  7:00 pm US FOMC statement with presser at 7:30.

    Could be a whirlygig fomc with Trump calling for a rate cut and more QE while the Fed is looking the other way.

    S&P continues into all time high country with Dow following close behind.

    Some time ago I wrote that this China trade dispute may have some way to go as the themes run a lot deeper than just soybean imports, I've included a interview with Steve Bannon from last month that explains what's going on under the surface and the bigger game Trump is playing.

     

    Weekly charts and Dow closing in on it's all time high while Dax, Ftse and Nikkei all have their own ATH in sight.

    image.thumb.png.75a9170a942ac80b31f79a793eec0703.png

     

     

    The H1 S&P looking a little tired after the recent strong push may well rest up til FOMC this evening.

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  4. Quite an exciting round trip for Dow, first up to test R1 then R2 then back down to beyond S1 and now back roughly where it started. Dax couldn't keep up so instead targeted 12350 and held on.

    Dow was a similar story to the S&P today, an attempt to push higher quashed then the same for the attempt to push lower. Still has plenty of support at this level.

    image.thumb.png.d0a2d4002a06488ee8904693529160e1.png

  5. A check of the S&P and it's sticking to the highs despite a strong attempt to push down today, it was just bought back up without too much trouble and the advance - decline ratio still looks healthy. Nothing yet to push it on higher but defending any attempt to dislodge from it's present position and try lower. 

    image.thumb.png.7a5901335385f2c288a6552e3ca75c23.png

  6. Although the long-term charts remain bullish the short and medium term are looking more neutral with the failure to find the push to really get over and clear of the highs. S&P has ducked back under long-term resistance again this morning and there is still to come this week the FOMC meet tomorrow and NFP on Friday.

    When more neutral the probability of level rejection starts to equal that of breakouts so need to keep in mind fading the rejected levels as well as looking for breakouts.

    Currently Dow is sitting around the daily pivot with R1 around 26600 and S1 at 26500.

    Dax has just tested and rejected the underside of the pivot and may head for S1 at 12265 while R1 is up at 12370.

    image.thumb.png.1d7be91f0222a0febeb42759501361d7.png

     

     

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