Looks like it backtested support. Indicators are neutral so it can go either way, but damn it looks bearish. Remember Europe dictates the gap. Wasn't a big gap this morning because Europe was doing a retrace from the Monday morning drop.
So FDAX did go oversold on RSI, taking US futures with it. Odd that Europe suddenly cares about Ukraine after ignoring it so far. Seems like it should've tanked last week, lol. Anyways, RSI oversold with positive MFI divergence but at the same time FDAX broke support. Safe play would be to short the rebound I think, not sure how far up it will go. Market will...
Just noticed MFI went oversold RSI isn;t so still could go down
I said yesterday not to go long today, I guess I was right. MFI is oversold on US index futures, but there's still the potential for a gap down Monday, so no long positions for me over the weekend. The other thing that's bothering me is that some stocks have still not filled the gap from Tuesday, stocks that usually fill gaps.
MFI overbought, RSI isn;t there yet. Could get overbought then reverse, so no projections on gap direction tomorrow.
This is why I think the market gaps up tomorrow, I think FDAX hits the blue line again before reversing course. Gap up and reversal is still my call for tomorrow,.
Could somebody please hand DAX some chalk? Its damp hands could definitely do with a bit more grip over here. On its way to the resistance at 15711 points, the index has slipped off again, but luckily did not fall too deep. Right now, it has already picked itself up from the upper edge of the white zone between 15282 and 14933 points, trying to normalize its...
Indicators did not hit overbought but that DAX is showing weakness since it's up over 1.5% today. Could go either way tomorrow.... Short opportunity if it goes overbought tomorrow.
Perfect projection yesterday and we got the gap down though that had more to do with FB. Indicators are now in the middle but I expect them to head to oversold. No long positions until FDAX hits oversold because I hate dealing with gaps in the wrong direction
I don't think we see a drop until FDAX gets overbought. Could happen as soon as tomorrow, so will keep an eye on this for you guys
Dam damdamdam damdamdam damdamdaaam Dam damdamdam damdamdam damdamdaaam “Rising up, back on the street, Did my time, took my chances, Went the distance, now I’m back on my feet, Just a man and his will to survive” The Survivor-song seems to be playing in the background, while DAX is battling its way back to the resistance at 15711 points. Like Silvester...
The Euros tanked futures premarket, and they've already bounced, lol cheaters. Bunch of unfilled gaps on the way down so expecting a bounce. Gonna wait until tomorrow though
FDAX chart pattern looks a bit bearish which is why I'm not tempted to hold calls overnight. Coming down from overbought. Probably a good day to sleep in, lol. Could reverse though, FDAX does some weird crap. Just keep in mind the Euros dictate the morning gap.
In the update we review the long trade in the DAX and rolll up stops to protect partial gains
US index futures MFI went oversold, but last time it stayed oversold for a while. Meanwhile, FDAX MFI hit overbought last night. Things get harder to predict when EUro and US markets aren't aligned.... Hard to predict the action for this week.
hello everyone don t forget the supporte if u lie my ides. great buysingal in the fdax1 after breark the triedline and his onreddy highe then the hham 2 line
Sitting right on my line as my arrow predicted, lol I think the market gaps up tomorrow because FDAX needs a gap fill. Then the US closes their morning gap. WHipsaw day tomorrow, triple witching plus a lot of sector rotation for sure....