10-10-2018 Indices Technical Analysis

Indices Technical Analysis

10-10-2018 Dax Technical Analysis

POC * 11979
Value Area High 12001
Value Area Low 11908
VWAP 11937
R2 12128
S2 11718
Pivot 11923
Camarilla Breakout (Bull) 12076
Camarilla Breakout (Bear) 11850


Five consecutive lower lows on the daily chart suggests a much lower probability of sixth lower low today. Therefore I am looking for higher prices today. A break below 11900 might slow me down.

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The minor swings are currently bullish above 11800, but the overall major trend is bearish below 12343.

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We are currently trading just below the value area low on this October composite volume profile. If we break inside that, the October VWAP is currently 12134 and the point of control is currently 12255. Interesting targets.

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10-10-2018 FTSE Technical Analysis

POC * 7235
Value Area High 7248
Value Area Low 7223.5
VWAP 7227
R2 7290
S2 7155
Pivot 7222
Camarilla Breakout (Bull) 7269
Camarilla Breakout (Bear) 7195

Another example of a long-standing daily regression channel being used, this time on #FTSE. Yesterday’s range was 68, breaking the recent run of consecutive 100+ point range candle, but the volume was still high.

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10-10-2018 DOW Technical Analysis

POC * 26492
Value Area High 26528
Value Area Low 26442
VWAP 26469
R2 26679
S2 26240
Pivot 26459
Camarilla Breakout (Bull) 26612
Camarilla Breakout (Bear) 26371

I’m surprised to see how long this bullish regression channel has held. The last three days of price action have suggested a rejection of lower prices, depsite a lack of any meaningful correction. Bullish above 26227.

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Monday’s value area was pretty much the range of yesterday’s price action on the #DOW. A nice balance day, closing pretty much on the point of control.

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