SMI update - 03/04/2022Look for wave (3) to target the 1.618 multiple of wave (1) at 14248. 12069 is near-term support. The focus will then begin to shift towards a peak in wave (3) and the next corrective decline in wave (4)
SWISS20 trade ideas
SSMI - Swiss stocks - bullish 5th waveQuite a lot of doom and gloom about and lots of people calling a top in equities but I'm not so sure. This red count suggests that we might be about to see an extended 5th wave in Swiss equities going forward. I have to include the much more bearish blue count though and that suggests that the top is already in. Which is it? Wish I knew. Personally, I prefer the red count.....
SMI beginning of another LONG shot? The ECB and the FEDs will start tapering off their assets, which made investors quiet nervous by dropping the markets to lows of last Friday. Long time investors are still heavily invested and will take longer to adjust.
Volatility for the long time investor must occur on a much longer timeframe.
I see perhaps a new entry point for the Markets that can reach even higher highs in the coming months.
Swiss20Strong Buy - About to go higher next run up.
The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in their country. It is made up of 20 of the largest and most liquid Swiss Performance Index stocks.
So that's good ay
The economy of Switzerland is one of the world's most advanced free market economies. The service sector has come to play a significant economic role, particularly the Swiss banking industry and tourism.
Often ranked in the richest country in the world per capita.
So that's even better : )
Swiss Market Index has broken out to a record highSwitzerland's benchmarket stock index has unwound all its pandemic-induced declines to hit a fresh record high in the last couple of days.
A new taste from investors for value stocks outside the US has contributed to the strong performance.
If the breakout holds, it suggests new bullish phase for Swiss blue chips
SMI Bearish ForecastSMI has a bias of 1000.00 but there is a support area 10258.08 to note.
But zone 10200.00 has potential to bring price further down.
The RSI 42.36 for the 57.79 Cross, suggest 10500.00 to be the active supply zone. Alright then that's it for now, we have done some set-ups, let's see how they do.
Many Pips to you, -all the best.
K.
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Long SMI Index for the next 3 monthsSomething is happening within the Swiss equity markets!
There are two technical analysis signals which are bullish:
1. Monthly bullish engulfing pattern (2-candle chart figure, where the second candle overlaps the body of the first candle)
2. Price have not broken the long-term support level. The trend has started from 2011 closed prices and is still on!
Since these signals are of long-term nature, my view is that Swiss equities are most likely to rise in 2021.
Please note, I have not looked at fundamentals and have relied only on chart analysis.
Be aware that the Swiss Market Index is very concentrated as four stocks (Novartis, Nestle, Roche and Zurich Insurance Group) make up more than 32% of the total positions (30 members).
I would implement this idea in two ways:
1. Buy passive instrument as ETF on the Index (preferred option)
2. Buy slight ouf of the money call option on the index
Happy Trading!
Matteo
