Wedges, gotta love 'em, hit immediate demand then up it went

SPX and DAX - CFDs are the place to be

Definitely unfinished business around 100DMA 9607 area, however Weekly chart looks to be forming a downward wedge, which usually means more upside. No clear signals of rejection on higher TFs either and the day ended with an almost hammer-like ...

SPX and DAX - CFDs are the place to be

SPX made a lower low yesteday, but ultimately ended up as a doji with a large buying wick. Definite indecision creeping up. Hoping to see at least 1938 today. DAX broke 9820, but still hasn't closed below the monthly pivot. Upside risk is still ...

SPX and DAX - CFDs are the place to be

I'm shorting crude from 106.21, printed bearish engulfing on Daily chart from yesterday

SPX and DAX - CFDs are the place to be

So far there's a consolidation on weekly chart, so nothing has been determined. A break of 9820 in my mind is a signal that the correction is due, anything over 10050 is a sign that uptrend is still in force. For now, no indication that a pullback ...

SPX and DAX - CFDs are the place to be

Working so far...

SPX and DAX - CFDs are the place to be

I've got 1312 for gold for 1326

Oktoberfest Nightclub

DAX fell back into Daily demand again, scary scary But I'm sticking to my long from 9876 for a 10150 target. I can wait.

SPX and DAX - CFDs are the place to be

The reason for the mad rally is still the amount of money being printed by the Fed each month. QE injected 85 billion USD into the banking system after the subprime mortgage crisis when one of the biggest banks went bust, causing other banks to stop ...

SPX and DAX - CFDs are the place to be

I find markets quite logical when you know what to look for. They are a perfect stamp of human psychology, governed by supply and demand

SPX and DAX - CFDs are the place to be

Feel free to post some charts with EW analysis, we could use an elliottician in here

SPX and DAX - CFDs are the place to be

It's just larger stops being popped, then back to first available demand and back up again after the last of the sell orders have been cleared at the higher level. Typical order flow in my book

SPX and DAX - CFDs are the place to be

No worries, happy to oblige

SPX and DAX - CFDs are the place to be

Hi tripr, thanks and welcome to the thread! I find crude is mostly very technical and it generally follows supply/demand and tops/bottoms perfectly on larger timeframes (4 hours and daily). Fundamentally, I only look for instability in the Middle ...

SPX and DAX - CFDs are the place to be

I'm referring to the futures chart... You know - the other market that exists apart from the cash market. So here's what I have on the futures chart, spx has not yet breached a high in the futures.

SPX and DAX - CFDs are the place to be

DAX view: new demand created at 10004, I'm setting a limit order there with a stop at 9980 for a scale-in trade on the way up to 10150, which is just under 10159 (161.8% Fib extension from previous swing down). 10004 is also very close to a round ...

SPX and DAX - CFDs are the place to be

I'm long DAX from 9876 for a medium term target of 10150, much better bet with ECBs QE looming. And not to sound like a parrot, but the reason for spx rally was the Feds QE program which they are now tapering each month. So there's not going to be ...

SPX and DAX - CFDs are the place to be

Because it is the top and the volumes are greatly reduced. There's not enough momentum to take it to 2000. Going long here is not a high probability trade and typically a good trader never longs into tops or resistances. EDIT: j4d has the right idea ...

SPX and DAX - CFDs are the place to be

Hahaha maybe that's why there's a family resemblance

SPX and DAX - CFDs are the place to be

Well its certainly not a time to go long here in SPX. I had 1938 for first long, didn't play because of FOMC, now that one has been played already (it was a weekly pivot point). The next stop in my analysis is 1925 (larger timeframe demand) followed ...

SPX and DAX - CFDs are the place to be