dow 60 min
the trend broke on 24th
there is an overhead res that starts at 16443...prev supp and trend res/purple
looks ready to pop and test that area
spot gold ...gettin ready for a pop or a drop
60 min data shows the trends clearly
if it pops,then yellow/prev supp 1316 area
horizontal res at 1328 area
if it drops..breakout point was 1290 and horizontal support aswell
nfp and fomc next week..could go either way..we could even get a test of 1250
lets see what happens
ftse 100
30 min data shows the trends that started on 15 April
2 trends..latest one started on 29 April
if any sign of breakdown the latest one will get tested first
then down to 6750 area
nfp and chine news in the next few days
Dax
been trading in a range for some months
trending within the range
got slightly stuffed at nfp on friday and horizontal res
bulls get tested at 9375 area/green trendline
Outlook for next week
after that down move ,we are range bound
4 hour chart/data shows us some areas to look to trade from
1270 supp area we called some time ago,this we said was a pretty strong area
orange horizontal..that is 1305 area res
purple horizontal is 1314 area
then there is a mid pattern rally/red at 1323 up to 1332...EXPECT the bulls to be aiming for this area
horizontal res/aqua at 1341 area
These are all areas to trade from..All you have to do is look for the signals on a lower timeframe to confirm
DAX for tomorrow morning
got kicked at horizontal res on nfp
uptrend still intact
trendline test at 9513 and prev breakout point at 9490 areas
minor res at 9600
lets see if the bull dont give up
outlook for next week
areas to watch
daily data...close
1308 ..that is where the the 3 box turns
1272 is where the chart goes bearish...confirm signals from these areas on lower t/f
into next week
we can see that 101 area res that we talked about,not taken out
trades were based on rally to that res and short from res
60 min data shows the areas clearly,Red trendline/thin is trend res at 101=101.25 area
trend supp/green is at 99.50 area,There is horizontal supp underneath going down to 98.75 area
there will be minor res at 100.25 to 100.50 area
there should be trading signals in these areas on lower timeframes
