I had a pretty strong view last night that the SP500 would fail @ 1946. The Daily had a W shape pattern, which is ordinarily bullish, but it just looked like it was going to fail. Cursing I didn't short the markets last night, but oh well. I ...

Carpe diem: Intraday tactics for Dax and Dow

Raging bulls out today, and we broke the 4H 200sma. If we can maintain momentum over next couple of days it looks like clear sailing to 9730s, which is my 61.8% Fib on the swing high / low (1 Dec to 11 Feb) and above that its the 50% Fib at 10050s.

Carpe diem: Intraday tactics for Dax and Dow

If 20sma on Daily @ 9300pts or 7sma on Daily @ 9284pts fail, then I'd look for a bounce off 50% Fib (from recent swing low / swing high) around 9126pts. Possibly over next few days.

Carpe diem: Intraday tactics for Dax and Dow

Wouldn't surprise if we go down first, but ultimately, I think the 4H 200sma @ 9544pts is likely to cap any upside move today

Carpe diem: Intraday tactics for Dax and Dow

Bought in @ 1925 on the way down, but didn't like the PA, and closed it at B/E. No more trades for the day. Good luck to the rest of you.

Carpe diem: Intraday tactics for Dax and Dow

Not so sure about this trade now.... Well I haven't put a trade on, but I was expecting to go up, but perhaps a dip first, like the Dax this morning.

Carpe diem: Intraday tactics for Dax and Dow

We might get a small dip on NYSE open for the SP500. I'll be looking to go long, as Oil is up 10% today, and the Daily has a nice W formation. Energy sector represents 6.4% of Mkt Cap of SP500. So in a simplistic way, I'd be looking for 10% gains on ...

Carpe diem: Intraday tactics for Dax and Dow

Tbh, this morning on XO, with Oil price up, I was kind of surprised that we hit the 200sma on 2m @ 9440, and then she formed the shooting star and dropped 90pts. I was thinking today it would continue up, and its now showing this. As per above, ...

Carpe diem: Intraday tactics for Dax and Dow

Ok, so we broke the 20SMA on the Daily. Next target is 7SMA on Weekly, around 9514pts; and then 200SMA on 4H around 9570pts. Beyond that, the next target is the downtrend line in play since 1 December 2015; currently we would intersect this around ...

Carpe diem: Intraday tactics for Dax and Dow

Might be looking for 20sma on Daily, around 9346. I mentioned yesterday or day before that this would be its short term target - 20sma on Daily.

Carpe diem: Intraday tactics for Dax and Dow

I too thought it would be bearish with resistance around 9169-9173. 1H-7SMA, 4H-7SMA, 1H-20SMA, 5M/2M-200SMA. But this bullishness on open is surprising me.

Carpe diem: Intraday tactics for Dax and Dow

Amazing buying on TOTH (top of the hour) just then. Followed by a strong move of selling. Assume that was the high Italian Trade Balance that moved it, or possibly this: url 30TP hit @ 9269.

Carpe diem: Intraday tactics for Dax and Dow

Excellent, glad for you.

Only Gold!

Yeah, I'm watching Gold too, it hit the top of the downward trend channel that's been in play for last 3-4 years, at around US1260/oz. When these Equities start tanking again, and I'm sure in the near future they will, watch Gold break through that ...

Carpe diem: Intraday tactics for Dax and Dow

These days on the Dax where it moves slowly with little pullbacks and sits above 200sma, and importantly 200sma is on upward slope and if you notice the PA its moving in steps-up, this thing is definitely going higher at least to 20sma on Daily, ...

Carpe diem: Intraday tactics for Dax and Dow

I think we can get to 20SMA on Daily, in the next day or two. Around 9400. So for me, its buy the dip until then.

Carpe diem: Intraday tactics for Dax and Dow

So many times I've seen a large candle shoot through the 200sma on 1M TF exactly one minute before (refer to arrow in diagram) Pre-trade (Frankfurt Open) Hour starts, and then it usually goes for +30 to +70pts higher in the space of minutes once the ...

Carpe diem: Intraday tactics for Dax and Dow

Just a few from Indochine, a great retro indie band from France: video video video

What kind of music you hear while you trade?

Massive Shooting Star on Daily, which hit top of downtrend channel around 1260s... Might get a small relief rally on Equities over coming days, and maybe Gold may drop a little, but I think it can go higher again.

Only Gold!

Buying stopped right on 20sma on 4H TF. Hit a road block.

Carpe diem: Intraday tactics for Dax and Dow