Dax remains firmly supported and so does S&P500 but the latter appears more vulnerable to a technical break. Germany's benchmark index continues to close above the trendline support extending from the September 2011 lows. It also closes at 6577, just above the 100-week moving average of 6561. Meanwhile, the S&P500 may have broken below the September trendline support, but manages to hold above the 100-day moving average (1349). The index requires a follow-up/beak above 1375 in order to extend the rebound towards the next barrier at 1385 (55 DMA). To subscribe to our Premium Intermarket Insights, click here: http://ashraflaidi.com/products/sub01/
On March 30th, I sent an IMT (see here) highlighting how we called the bottom in Nasdaq at 22780, with a video demonstration shown here . On Monday, we issued a bullish post on Nasdaq, calling for a rally extension to 24,440 at the meeting point of the 200-DMA. This is what we call 2000 points highlighted to out WhatsApp Bdcst Group members. We ignored the insults-ridden messages of Trump, we disregarded his threats to "destroy civilisation" and stayed Long Gold and Long Nasdaq until 4840 and 24,440. 4840, you may recall is a near make-or break level for Wave 4. So, You have two choices: Chase Trump and the news on every release, or stick to a set of fundamental and technical framework. Here is one message sent on Monday before going on holiday.
Click To Enlarge
Latest Hot-Chart - Mar 30
Patterns on Fridays & Mondays
Since the start of the war on Iran, the pattern of falling Fridays in US equity indices has become obvious. Will the pattern ends this week.
View Hot-Chart..
Understanding US Dollar 2018 2019
I created this chart in December 2024, pointing to the importance of understanding some of the fundamental events shaping USD Index between 2018 and 2019. Why 2018 and 2019.
Read Article..