It looks like up and up for now lol. On a more serious note, I do think that the taper will eventually have a pullback effect on SPX.

SPX and DAX - CFDs are the place to be

Just caught this post now. Uhm... so you want to long it right into Daily supply? I would strongly suggest you wait for another pullback, your risk:reward here is quite suspect otherwise. For this setup to have any chance of surviving, you'd have to ...

Oktoberfest Nightclub

Hey Kiwi, welcome to the thread. I agree with your view, but probably not before tomorrow's FOMC meeting and another $10 billion bonds taper

SPX and DAX - CFDs are the place to be

Shorting opportunity in SPX coming up between 1945 and 1950. If the supply reacts immediately, the reaction will be visible from 1945/46. But SPX does like to test tops and bottoms to the tick quite frequently so upside risk remains first at 1948 ...

SPX and DAX - CFDs are the place to be

Completely agree! E/U is a dead horse these days. The only time I trade it is in the aftermath of big events, like NFP, FOMC or ECB policy changes... Other than those, I prefer crude oil most, closely followed by SPX and DAX. Out of currency pairs I ...

SPX and DAX - CFDs are the place to be

Well done! Great trading mate

SPX and DAX - CFDs are the place to be

Almost to the pip lol, gotta love s/d

SPX and DAX - CFDs are the place to be

Today situation in Iraq is in focus. Usually on days where tensions in the Middle East are flying, equities fall and risk assets rise. As for DAX long-term being bearish - you've got to be kidding, right? With ECB preparing QE and DAX basically ...

SPX and DAX - CFDs are the place to be

In case you're wondering how I am positioning myself for today, I am short spx (scaled into one more position) and very soon will be long crude.

SPX and DAX - CFDs are the place to be

Scrolling further to the left, on 4-hours there's another rather obvious support, part of another lower demand, but this one isn't that obvious on the Daily, so it might be much less relevant, however I will still point it out:

SPX and DAX - CFDs are the place to be

And finally H4 analysis: On the demand side, no fresh areas currently. Supply around 10000 seems a little far away right now, but you never know, US might decide to take it up there. Although I'd probably bank more on that weekly pivot around the ...

SPX and DAX - CFDs are the place to be

I mentioned it to someone last night about DAX falling into daily demand, however in view of todays fundamental events in Iraq, I don't expect this to hold. Weekly pivot has been tested from the downside this morning, and might as well act as ...

SPX and DAX - CFDs are the place to be

Thank you. Here is some DAX s/d analysis. Weekly I am really interested in 9792/93 key level. Today the Iraq situation might help equities to the down side, due to risk-on sentiment that's forming this morning. Let's have a look at what lies there ...

SPX and DAX - CFDs are the place to be

It's fallen back into daily demand so possible further upside during London session tomorrow. However during NY, DAX is being dragged down by SPX. I don't have any swing trading opportunities right now, I'd really like to see it closer to the ...

SPX and DAX - CFDs are the place to be

Sure, eventually, but I do wish to take some profits at demand areas. I was looking at possible targets for the next few days. I think we might have at least another week or two until 1900 and 1880. But yes, I see those levels too

SPX and DAX - CFDs are the place to be

Hi Gingis, welcome to the thread! To chip in: There has to be a valid price action reason for a level to work out. Levels we talk about in here are not some mythical levels that only us wizards can see - they are levels based on previous price ...

SPX and DAX - CFDs are the place to be

SPX nothing much in the way to 1928

SPX and DAX - CFDs are the place to be

CFD contracts are similar to futures, which means that they go by monthly contracts that have expiration date. Because CFDs pay much more than fx per pip, they offer bigger profits imo, so you should really look at CFDs as swing trading ...

SPX and DAX - CFDs are the place to be

DAX will likely generally keep going higher, due to european QE implications. Last time a country introduced aggressive QE was the Fed in the US back in 2009, sparking an incredible SPX rally that saw it climb from around $750 to todays $1955.

SPX and DAX - CFDs are the place to be

Hi geomoon, generally everyone is looking at what US equity markets are doing - it's the biggest market in the world and whatever happens there usually has a knock-on effect on the rest of the world. So unless there is a strong reason for EU ...

SPX and DAX - CFDs are the place to be