Trading news

S&P 500 – prognosis via Dow Theory for calendar week 44/2015

Weekly chart:

Even after the last significant increase, the downtrend is still intact, only that now the price has arrived in the current correction zone. Now it remains to be decided whether the downtrend will continue or be broken.


Daily chart:

In the daily chart we can see the same trend. Here, too, we have also landed in the correction zone. The upper limit of the correction zone lies at 2109 points. As long as this zone holds, we must assume that the downtrend will continue. However, if the marker at 2109 points is broken by the closing price, then the previously corrective uptrend could assert itself as a primary trend.


Hourly chart:

The current correction in the superordinate daily chart is passing through the hourly chart as an uptrend. This is currently located in the correction and is showing the first signs of continuing. For this week, the chances are more on the upper side, whereby a sharper correction should still be reckoned with.


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

All the best

Markus Gabel

Sales partner 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.

Tuesday, 27 Oct, 2015 / 5:01

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