Trading news

S&P 500 – prognosis via Dow Theory for calendar week 42/2015

Weekly chart:

In this trend size we can currently see a downtrend that is clearly in a correction. By now, even the 20 SMA from the monthly chart has been overcome and we are approaching the lower limit of the current correction zone.

Chart1

Daily chart:

In the daily chart we can see the same trend. Here, too, we are also slowly getting closer to the current correction zone. This runs between 2056 and 2019 points. It is highly doubtful that enough sellers will step onto the playing field there in order to pick up the downtrend once more, since the current correction exists as part of a subordinate trend. Possibly, this will then soon become the main trend.

Chart2

Hourly chart:

Due to the current rise, a new trend has asserted itself once more; this time it is an uptrend. This uptrend, in turn, is currently in a movement, whereby, due to the next correction, the opportunity to jump onto this long train presents itself.

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.

Friday, 16 Oct, 2015 / 12:31

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

Source :

Trading news

 

Weekly outlook: Bank of Canada, Bank of Japan, US GDP

Week gone by: China’s global influence grows, volatility falls You know [...]

Posted on Friday, 19 Apr, 2019 / 9:15 under

EUR down, USD up as global PMIs disappoint; US housing starts

Market recap EUR fell on the weaker-than-expected Eurozone preliminary [...]

Posted on Friday, 19 Apr, 2019 / 9:14 under

EUR Falls on Eurozone PMIs, USD Gains on Strong US Data

The euro came under selling interest yesterday, tumbling after another set of [...]

Posted on Friday, 19 Apr, 2019 / 7:26 under