Comments on the key levels for this week : * Major stock markets have put in a strong week. The FTSE100 has broken above its weekly key reversal level and is now bullish again. This leaves Nikkei as the only major market that is still bearish on the weekly level. Meanwhile weekly MoM is turning… Continue reading Key reversal levels for week of May 5, 2014
Tag: key levels
What’s in store for May
Every new month is a good opportunity to check out some monthly charts and key reversal levels. It helps to keep a proper long term perspective. Let’s start with the LT wave chart for May (click for larger image): The LT wave chart for April did a fairly decent job. The month started strong as… Continue reading What’s in store for May
Key reversal levels for week of April 28, 2014
Comments on the key levels for this week : * Major stock markets continue to show a rather mixed picture in the weekly key reversal levels. FTSE100 and Nikkei remains mildly bearish with MoM turning upwards, while the Nasdaq , S&P 500 and DAX are mildly bullish with MoM going down. This picture will eventually… Continue reading Key reversal levels for week of April 28, 2014
Key reversal levels for week of April 21, 2014
Comments on the key levels for this week : * The Nasdaq and the Nikkei tested their Bottom1 targets last week and bounced back strongly. For the Nikkei we now see weekly MoM turn up, the first major index to do so. This is a tentative sign that the recent “correction” may be over already.… Continue reading Key reversal levels for week of April 21, 2014
Midweek comments
Some interesting developments in my daily key reversal levels. * Daily momentum (MoM) remains down for all major stock indexes, but if markets do not drop today then MoM will probably turn up for several markets. That would set us up for a rally. * Gold broke above its daily key reversal level on Monday… Continue reading Midweek comments
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