The month of May’s bar ended as a bullish pinbar on important moving averages having a slope in the direction of the trend, the 20 SMA (mid Bollinger Bands), and 8 EMA (short term sentiment), a very bullish picture, seen on chart1. Unlike the SP Futures, the Monthly High hasn’t been taken out yet. The Read More
Author: Gil Ecker
The passing week’s major change of behavior in the stock markets took place in the Dow futures as well. The description and thoughts as of the price action events are covered in the S&P Futures review. The Dow Jones is currently weaker that the SP500 and the Nasdaq. Still, it managed to take out the Read More
The passing week continued the weakness over the last 3 weeks, and eventually closed in the middle. The price did manage to take out the major Low before the High at 17396, so there should be a bearish sentiment for the mid term. There is currently a bearish setup to the 17000-17100 area with a Read More
It took only one week to turn the strongest index of the three (Dow, S&P and Nasdaq) into the weakest…Last week, Dow became the weakest. This is usually what happens when the price action doesn’t develop and market reverses back into a range. The Dow Futures currently do not show any good and reliable setup Read More
Out of the 3 main American Indexes, the Dow Jones looks right now the strongest. So currently it is better to look for bearish opportunities in the other two indexes (S&P500 and Nasdaq100). The same Daily bearish setup that exists on the S&P exists in the DOW as well, but the path to reject that Read More
The Yearly picture of the Dow Jones Futures (chart1) shows long term signs of strength. Since year 2009, each year is making a Higher Low, and although we are in a big range for the last 3 years, the strong attempts to make a Yearly Low have failed so far. In addition, it leans on Read More