Trading news

S&P 500 – prognosis via Dow Theory for calendar week 37/2015

Weekly chart:

After the price broke through the uptrend at 1980 points, the index can currently be seen as trendless. The reversal candle from the previous week does not do anything to change this either, since this reversal could not be confirmed. Particularly seeing as the price has now failed several times at the 20 location point line from the monthly chart. Possibly, today’s jobs data will bring movement into the market.


Daily chart:

In this trend size, the downtrend can be clearly seen. The current correction came to an end at the 20 LP from the monthly chart. A beginning, new downwards movement was quickly picked up once more, which only indicates, however, that the correction is setting itself up more widely. Clear signals are lacking.


Hourly chart:

The situation in the hourly chart is once again very inconsistent, meaning that we must assume that the current downtrend is still primary in nature. Before the jobs data is announced, an entry is not worth it here.


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading


AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Friday, 04 Sep, 2015 / 5:06

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Brexit uncertainty kept the Pound within the same range – GBP/USD Market Outlook – 20/10/2020

Positive Brexit headlines earlier yesterday pushed the pound to the 1.3010/20 [...]

Posted on Tuesday, 20 Oct, 2020 / 8:04 under

DOW fell ahead of stimulus bill deadline – DOW JONES Market Outlook – 20/10/2020

The Dow hit our support target at 28750 only to end yesterday’s session [...]

Posted on Tuesday, 20 Oct, 2020 / 8:03 under

Cautious optimism as US stimulus and Brexit talks hang in the balance

  Pelosi sets new deadline for reaching fiscal stimulus deal; US [...]

Posted on Monday, 19 Oct, 2020 / 12:13 under