DAX

As stated yesterday, the close was indeed strong. No matter how much lipstick you put on a pig, it is still a pig at the end of the day. The same goes for the chart below, it is still ugly. [...]

…we could be close to a rebound. No clue will it be a turning point, only time can tell. Also all the focus seems to be on Greece (and Spain, Italy..). How bad would it be for other [...]

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. [...]

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 [...]

This is most likely going to be a tricky week. Especially the first trading day should be quite interesting due to the somewhat larger drop on SPX futures last friday. I might change the levels [...]

DAX 1D, we are still in a rising channel but the trend is weakening. If we look at a weekly DAX chart, the pace of the rise is too fast on the daily chart. Even the weekly rising channel is very [...]

DAX 4H, vaikea arvata mihin seuraavaksi.. Kuvio muistuttaa hieman 6-7.302012 paitsi että nyt on tullut lower high ja lower low. Tällä hetkellä tasot seuraavasti, bullish yli 6920, neutral 6920 [...]