Trading news

S&P 500 – prognosis via Dow Theory for calendar week 41/2015

Weekly chart:

By now, a valid downtrend is present in this trend size. This downtrend hit the 20 LP from the monthly chart from below and ricocheted back off, and now seems to be moving into continuing the downtrend. In the past week, the index showed strength once again, and is working on a reversal candle. However, do not let yourself be put off by this; the market continues to remain short.

Chart1

Daily chart:

In the daily chart, we see the same trend. Here, however, the recovery can be seen a little more clearly. Yet the price is running directly towards the 20 LP from the daily chart. It will be interesting to see whether the sellers send the market back into the deep at this point.

Chart2

Hourly chart:

Once again, we are trendless in this trend size, since the green uptrend has also been broken once more. So far, a new trend has not been able to assert itself. Again, only the sidelines remain as an option for now.

Chart3

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/TradeEscort

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.

Saturday, 03 Oct, 2015 / 4:59

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