PetrBorosh

PetrBorosh

On general EUR is loosing to USD over time. I don't think this will be changed unless a black swan shows up - most probably due to geopolitical turbulence. Personally I think we will get to the cluster @ 1.125 and revert. No recommendation whatsoever

PetrBorosh

This is a question... I don't know but I expect the AI euforia to end some time soon - perhaps this week, perhaps at the next earnings season. For the time being it looks good and will probably continue north. No recommendation whatsoever

PetrBorosh

The recent rally on AI stocks was impressive. DAX managed to join the party - but looks like is thinking of leaving early. Well, after doing an excellent job for several weeks some rest seems to be reasonable. The coming week may give it a good reason if "they rise". Will see. Good luck trading there. No recommendation whatsoever.

PetrBorosh

How do you think - will they rise? i think they will - why? Why not? Buy I am usually wrong, so perhaps this time will not be different. DOW is at interesting level, where market will need to decide - they want the blue chips to grow or fall... I am neutral at this point and I will be watching the events. Good luck all the TV community!

PetrBorosh

Well, seems to me that SPX got to the cluster at 4300: - FR 161.8 + 127.2 of the latest two corrections - FR 61.8 of the move from the top - top from Aug 17th 2022 which many may observe and perceive as TP level. Thus, potential reaction possible down to 4160. No recommendation whatsoever.

PetrBorosh

Answering my own question - don't think so. But from technical standpoint, what I can see: - stock overbought, - bearish Crab pattern almost completed (getting to the D-point) - SELL volume higher from the BUY one in the recent days - fundamentals no recommendation whatsoever.

PetrBorosh

DAX alongside with other European markets demonstrates enormous strength recently. Sometimes it is quite difficult to find the justification for that in the fundamentals - but one must not discuss with the market if wants to keep the funds. Anyway - potential pattern if forming on the GER40. Will it push it for a correction - hard to say. Perhaps.

PetrBorosh

From a technical perspective it seems like DAX got to the important resistance cluster. The behaviour of the index throughout the week may indicate expiry of the bullish sentiment. Fundamentals are unchanged, yet Fed most likely will keep hiking the rates. Is it time a big short than?

PetrBorosh

Just my humble opinion no recommendation. I think there is a potential for a correction at this point. I believe it will go all the way down to the botom, but I don;t think like keeping the position that long.

PetrBorosh

DAX got to resistance cluster = FR 0.5 + channel boarder + previous resistance.

PetrBorosh

SPX is growing fuelled by the results-season optimism. I don't think it is any major reversal towards bull market though. I believe we will see it contracting yet. Not sure if new lows will be hit, but probably will will get back to the W1 FR 0.5 level. From a technical perspective it looks like the possible resistance level may be 3900.

PetrBorosh

German index got o the resistance cluster = ABC + FR0.618 + downtrend channel boarder. Visibly (at this moment of time) the market can see it clearly, but if it will be respected or neglected - it is yet to be decided.

PetrBorosh

Looks like the price of Bitcoin is crawling out of the downtrend channel, yet getting to the D-point of the Butterfly pattern - which itself often times reverts the trend. Can it be that the appetite for risk is building up? I doubt - but who knows.

PetrBorosh

I think that before the pair breaks down from the uptrend channel and confirms the decision, I would still observe the support at 1.3685 looking for bullish movement continuation.

PetrBorosh

Well, many expect the major reversal on EUR as USD seems to loose the momentum. As far as I am concerned, I would remain bearish till teh pair breaks up from the down-trend channel and confirms it. At this point I would be lookig at the resistance level to see the bearish movement continuation.

PetrBorosh

Well, even though the yields are slowing down and staying below 4%, market seems to wait for the next hike in December. So the Big Short is yet to come.

PetrBorosh

S&P is approaching a resistance in the down-trend. I think it could be an important place to observe.

PetrBorosh

From a technical perspective it seems to me that we may see a short correction before another FED's decision. Potentially it may make SPX take some weight, which - I believe - it will loose soon after.