Aussie stocks have not enjoyed the same level of success as their global counterparts since the GFC. The XJO index, the ASX-200, has not reclaimed the highs it printed prior to the stock market collapse and is currently trying to defend the psychological 5,000 level. This compares poorly to the S&P500, DJIA, NASDAQ, DAX, FTSE and […]
It has been a bit of ‘paint-dry’ stuff across many FX pairs today but the Aussie ASX-200 had another wild ride although, essentially, the index remains range bound. The advantage of this however is that it gives us technical traders some trend lines to focus on!
The S&P500 is consolidating under major resistance ahead of Thursday’s FOMC meeting and there are some key levels and trend lines worth watching for potential breakouts once FOMC news has been released. The 2,000 level is a major S/R zone above current price action and one of the the key levels to watch.
The S&P500, DJIA and NASDAQ are three major US stock indices that have recently broken up through significant resistance levels following lengthy range bound periods. Global stocks have pulled back over recent weeks however and, although the NASDAQ has tested its breakout zone, I had been looking for a deeper purge on the S&P500 and […]
Global stocks have been hammered over recent trading sessions but, in my humble opinion, this is only helping to affect the necessary testing of some key trend lines before any sustainable bullish continuation can possibly evolve. This post reveals charts of some key US stock indices and one stock ETF and the particular levels I would like […]