Wed 21st May (5 pm) A/U: I had stressed to watch for any reaction at the key support level of 0.9225. Price has bounced off that exact level today. This is the neck line of the ‘double top’ and is a level to keep in mind. A close and hold below this level would be […]
Fri 16th May (9.40 am) The more ‘risk sensitive’ of the US Indices is the ‘small caps’ Russell 2000 (RUT) and this is ringing a small warning bell again today. This index has closed again below the ‘neck line’ support of the 1,100 level. Whilst the daily candle here was bearish it did manage to close with […]
Wed 14th May (11 am) US stock indices keep pushing higher and London’s FTSE 100 is also pushing up to test a major all time high. The FTSE closed at its highest level in 14 years: FTSE monthly
Tue 13th May (9.15 pm): Weaker than expected EUR data has depressed the E/J and thus no new signal. The A/J and G/J signals are now struggling too. I’ll be watching the E/J now for any new break back below the 140. I’ve closed my G/J trade for a 25 pip loss. Tue 13th May (4.45 […]
Tue 13th May (1.30 pm) I have been charting the major US stock indices here and noting how they have all been consolidating within various technical charting patterns. Two of these indices have now made a breakout. I will be watching these to see whether they can hold these breaks for their weekly candle close: NASDAQ:This […]