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First support & resistance for today on a 60min SPX chart. 60min SPX 1st support & resistance levels Note also MA20 @ 1395. SPX bearish below 1380. No major macros today

Yes, this could be the last public update forever (or at least for a while). I might actually at some point make this blog private and only approved readers could get access to my writings. This [...]

This is going to be a tricky call since I’ve mixed feelings and signals. The shorter timeframe is still negative but I have some quite nice signals on higher timeframes promising +5 days of [...]

DAX dropped to test the previous low as expected. I think both DAX and SPX will rebound today. Need to be careful though since I did not see any good supports close on DAX below this level. [...]

Not much to say, below the most important levels for now. Breadth was also quite good today. DAX 1D chart. What is also interesting, is that DAX seems to be much weaker on a 60min chart than i.e. [...]

Yes, SPX did close at resistance but the rise today was very strong. I don’t expect big up day tomorrow but I don’t expect a big down day either. I need to go through more charts but [...]

…yes, made a new low after a very disappointing negative profit warning. Frankly speaking, I was surprised that they did give the warning this late.  Let’s take a look at a [...]

First of all, SPX has broken out of the declining short term bear channel and is now in a bullish channel. On a 60min time frame, this bullish channel is though nothing more than a bear flag [...]

DAX closed the day with a candlestick that reminds of a bullish harami. The intraday breadth was also quite good with a volume that was somewhat bigger than the average.  DAX 1D chart On a [...]

The rebound seems quite strong at the moment. I don’t think we’ll see the same pattern once again as seen on the 4h SPX chart below. I don’t know how far the rebound will go but [...]