Fri 29th Aug The S&P500 closed back below the psychological 2,000 level today BUT the buying into the close did not look anything like a nervous market. This is despite ongoing geopolitical concern festering around the globe.
Wed 27th Aug: Update at 4.40 pm Bali I had mentioned earlier today that the Loonie was trying to print a new TC signal off my 4hr charts but that I’d miss seeing this candle close. This candle did in fact trigger a new SHORT signal though. The candle close came right at the cross […]
Mon 25th Aug I wrote an article recently about the GBP/CHF in response to a question from a reader and this can be found through the following link. In this article I noted how the GBP/CHF seemed to be consolidating in a ‘Bull Flag’ pattern under the key resistance level of 1.55. I’ve noticed this […]
Thurs 21st Aug I was discussing the recent bullish Tenkan/Kijun cross on the S&P500 with a fellow trader this morning and they raised similar bullish thoughts for the German DAX index. The DAX is a stock index representing the top 30 German companies trading on the Frankfurt Stock Exchange. So I thought I’d check out some charts […]
Tue 19th Aug Trading volumes may be down of late but many of the global stock indices are holding on to recent gains, despite all of the geo-political turmoil, and some even look quite bullish. S&P500: this major heavy weight index is still holding above a daily support trend line. An ultimate bullish target of 2,500 is […]