The Nasdaq has settled into a high level range after finding support from the rising 13-day average at 3198. The bounce from here leaves the immediate focus higher on 3243, above which would retest the channel highs at 3258. Extension through here ...

Analyzing Dow, Dax, FTSE, etc

The FTSE ended last week, reversing sharply lower and forming a bearish “engulfing” day. This keeps the immediate bias lower in the broader range to the 6422 price low next. We would expect a bounce here, but beneath would look to price support and ...

Analyzing Dow, Dax, FTSE, etc

WTI Crude Oil has extended its sell-off to weigh on key support at 102.22/07 – a cluster of retracements and the early August low. We would Trading Look for an initial bounce here, but downside risks remain and if removed would set a top for 99.59. ...

Trading Crude Oil with price action + indicator

Gold ground higher last week in what appears to be a bearish rising wedge pattern. We look for selling interest to continue to show at the top of end of the pattern at 1344/46 and for the falling trendline and 61.8% retracement hurdle at 1348/50 to ...

XAU/USD Spot Gold

Gold is correcting the post FED fall and has backed up through the week’s range highs at 1330. This has triggered a move to the 50% retracement barrier at 1340. We allow for this short-term consolidation to run further, but look for 1348/50 to cap ...

XAU/USD Spot Gold

The FTSE remains under pressure and has prodded below the 63-day average at 6508 and on through a more important chart level at 6502. Although the market was unable to hold beneath here, the prod below it leaves downside risks in place. Should we ...

Analyzing Dow, Dax, FTSE, etc

The Nasdaq has extended its setback from the channel highs at 3250/53 and is reverting to the 13-day average at 3190. We Trading Look for an effort to hold here and beneath is needed for a deeper setback to 3168 ahead of more solid price support at ...

Analyzing Dow, Dax, FTSE, etc

The S&P remains on the back foot and has reverted to partially refill the bull gap now spanning down to 1682 (cash 1692/88). We Trading Look for attempt to try and hold here. Beneath it is needed for a deeper setback to price and 63-day average ...

Analyzing Dow, Dax, FTSE, etc

The S&P remains on the back foot and has extended weakness to test the 13-day average at 1689/83. We Trading Look for buying here, and only beneath it would see a small top for 1674 ahead of the 63-day average at 1665, which we would look to hold. ...

Analyzing Dow, Dax, FTSE, etc

The Nasdaq has extended its initial rejection from channel resistance now at 3249/50. Better support is expected at the 13-day average now at 3182, and we look for a rally from here to retest the flagged channel hurdle. Above here would see the ...

Analyzing Dow, Dax, FTSE, etc

The FTSE has extended its sell-off, undercutting trendline support from the June low at 6543. This leaves the immediate risks to support next at the 63-day average at 6491/90. We would TLook for better support here and an attempt to turn higher ...

Analyzing Dow, Dax, FTSE, etc

Nasdaq has held key breakout support at 3159/49 and the expected break above 3190 has been seen and we stay bullish for 3228 initially, and eventually our 3320/25 main objective, the 61.8% retracement of the entire 2000/2002 bear market. We would ...

Analyzing Dow, Dax, FTSE, etc

Another muted session to end the week for the S&P 500, and while support at 1674/72 holds, the immediate risk can stay to the topside for strength back to 1686/87, ahead of 1692/94 and then the 1699 contract high. Although this latter level should ...

Analyzing Dow, Dax, FTSE, etc

FTSE extends its consolidation following its break above downtrend and price gap resistance at 6568/75, with the market still stuck beneath around its 6606 recent high. While support at 6560/57 holds though the immediate risk can stay higher for now ...

Analyzing Dow, Dax, FTSE, etc

We have been bearish on Gold since the start of this year, but flagged in July that we would likely see a better correction unfold. However, recent strength has been viewed as corrective and part of the ongoing bear trend. The reversal beneath ...

XAU/USD Spot Gold

FTSE strength has stalled near term, with the market unable as yet to capitalise on its break above its downtrend and price gap resistance at 6568/75. A setback should be allowed for, with support pegged at 6560 initially, below which would warn of ...

Analyzing Dow, Dax, FTSE, etc

We turn our attention to the December contract. The S&P 500 continues to push higher, and the front month continuation series has broken above the “neckline” to the July/August top. Near-term momentum has eased a touch, warning of a setback to ...

Analyzing Dow, Dax, FTSE, etc

A not that unsurprising choppy session for the S&P 500 on Friday, but with weakness yet again holding its recent low and uptrend from November 2012 at 1633/25, the spotlight remains topside and on the late August high and downtrend at 1663/67. ...

Analyzing Dow, Dax, FTSE, etc

Gold has extended its setback, removing both the 20-day average at 1377 and former price support at 1373. This leaves the immediate focus now on more important levels at 1352/49 – channel, price and 40-day average support at 1352/46 – which we would ...

XAU/USD Spot Gold

The S&P 500 continues its recovery off key support from its recent low and uptrend from November 2012 at 1629/25, for a test of 1658. This should be allowed to cap at first, ahead of the late August high and downtrend at 1665/67. Beyond here though ...

Analyzing Dow, Dax, FTSE, etc