09-10-2018 Technical Analysis

09-10-2018 Analysis

No video today, recording problems affected the audio. Back to normal tomorrow


09-10-2018 Dax

Another bearish day yesterday, with another lower low on the daily chart. That makes four consecutive lower daily lows. If we get another one today, then I may look for opportunities to trade a bounce.

The current low is 11 899. We saw a reaction bounce from here, up to the volume weighted average price, in the last part of the session yesterday. The bounce hinted at a move towards higher prices. However, the momentum was broken this morning with the gap lower.

Delta remains negative for now.

The trend defining level at the moment is 12 123. The market remains bearish below this.
If we do manage to break higher, then the target areas are 12,000 and 12,080.

POC * 11970
Value Area High 12073
Value Area Low 11952
VWAP 11983
R2 12225
S2 11777
Pivot 12001
Camarilla Breakout (Bull) 12102
Camarilla Breakout (Bear) 11856

09-10-2018 FTSE

Looking for support down here

The FTSE is bearish below 7324. Price action is expected to break the 7223 low and continue the downtrend. If this happens, then 7265 becomes the new lower high. However, should price fail to break 7223 low and instead, break the 7265 today, then perhaps we could see a move towards 7300 again.

We currently trade around the weekly S1 after another aggressively bearish day yesterday. 

The FTSE has printed three consecutive losing days, all of which had ranges of over 100. The total retracement from the 7561 high is nearly 5%

POC * 7258
Value Area High 7287
Value Area Low 7227.5
VWAP 7267
R2 7370
S2 7169
Pivot 7270
Camarilla Breakout (Bull) 7317
Camarilla Breakout (Bear) 7207

09-10-2018 DOW

The daily candle yesterday suggests a rejection of lower prices. This would be a positive sign for buyers. The market has already retraced 2.5% from the recent highs. 

We are currently trading around yesterday’ point of control and expect the afternoon session to be interesting as the US traders come back from their bank holiday.

POC * 26496
Value Area High 26537
Value Area Low 26365
VWAP 26411
R2 26755
S2 26113
Pivot 26434
Camarilla Breakout (Bull) 26702
Camarilla Breakout (Bear) 26349