#DAX – #DowHow prognosis for 05-07-2016 Daily chart: Current trading in DAX is not really easy. The diverse trend sizes are running in different directions so everybody has to decide which trend size he wants to trade. The small and medium trend size are facing downwards and it seems as they would continue their downtrends. By the way, the short-term probabilities are on the lower side. But note the strong support at round about 9200 points. It seems as would wait a lot of buyers there. However these trends are included in the big trend and this one is facing upwards and is currently in its own green correction box. So maybe the traders in this trend size are able to continue this trend each time. As a result of this big analysis: be careful and safe your money first. Hourly chart: The appearance of this chart is pretty ugly. The “Brexit” destroyed each trend and actually we have a terrible downtrend with a correction box between 10117 and 10335 on the upper side. As you can realize the red box is very far away and in this situation everything can happen. The way up to the red box we can see an upwards facing trend. Yesterday was a weak day because we had an US holiday and the US traders were missed. Today the FDAX has opened pretty weak and is currently in its green correction box of the corrective uptrend. As long as the price keeps in this green box, this uptrend could continue each time. Intraday: The weak opening has broken the corrective uptrend right now. So at the moment we are trendless and situations like these make us to stay on the sideline. Trading by Dow theory ca be so easy. I hope you will remain favorably disposed towards me and always remember: the journey is the reward! warm regards Markus Gabel
#DAX – #DowHow prognosis for 08-07-2016 Daily chart: Current trading in DAX is not really easy. The diverse trend sizes are running in different directions so everybody has to decide which trend size he wants to trade. The small and medium trend size are facing downwards and it seems as they would continue their downtrends. By the way, the short-term probabilities are on the lower side. But note the strong support at round about 9200 points. The last three days brought us the evidence of this strong support. But there is no upwards facing pressure as well, isn´t it? So what will happen respectively what we can expecting? If we get enough buyers at round about 9200 until 9300 points, the DAX has the possibility to keep inside of the red box and continue the correction. But if the DAX falls below that strong support than it is highly likely that we get a trend continuation. By the way, safe your money and stay disciplined. Hourly chart: The appearance of this chart is pretty ugly. The “Brexit” destroyed each trend and actually we have a terrible downtrend with a correction box between 10117 and 10335 on the upper side. As you can realize the red box is very far away and in this situation everything can happen. Could we expect that this downtrend is continuing to the lower side the last two days proofed us something others. However, the situation keeps very difficult and it is pretty better to stay on the sideline, better for your money and your heartbeat. Intraday: In 5M the situation is very inconsistent. The last downtrend has been broken and the current increase leads the price very far into the next move. So actually we are trendless in the small trend size and situations like these makes us to stay on the sideline. Please note, today is jobs day in the US. In this case it may be better you are not inside of the market. I hope you will remain favorably disposed towards me and always remember: the journey is the reward! warm regards Markus Gabel
#DAX – Fighting for 10.000 points is going on Daily chart: Current trading in DAX is not really easy. The diverse trend sizes are running in different directions so everybody has to decide which trend size he wants to trade. The small and medium trend size are facing downwards in general but as we could see since Friday the buyers are pretty strong. By that reason we can expect that the “Brexit” gap will be closed in the next time. Althoug it was a little bit weak trading day yesterday, today the increase is going on. There are definitely more buyers in the market than sellers. With this in mind do not fighting agains this power and remember: der big trend is facing upwards!!! Hourly chart: The appearance of this chart is pretty ugly. The “Brexit” destroyed each trend and actually we have a terrible downtrend with a correction box between 10117 and 10335 on the upper side. As you can realize the red box is very far away and in this situation everything can happen. And it was happened what happen in most of the times when political event takes impact of the chart. The event will equalize. That is what we currently see in the chart. The corrections were very weak and the next moves come very quick. By the way, in my opinion the lower edge of the red box is pretty near and the getting of it in the next couple of hours is highly likely. Intraday: In the 5M chart we can see a similar situation. The DAY is nearing the lower edge of the red box of that current downtrend, but this corrective uptrend is rather mature in the meantime. But the trend is still strong so by that reason the slogan is still valid for this day too: as long as the Dax does not undercut the green box the trend is able to continue and to achieve the red box. I hope you will remain favorably disposed towards me and always remember: the journey is the reward! If you want to learn more about trading by Dow-theory, visit my trading and education service on my homepage. I am looking forward to welcome you. http://www.gabel-trading.com/prodcut-category/premium-mitgliedschaft-de/?v=3a52f3c22ed6 warm regards Markus Gabel
#DAX – The bulls woke up Daily chart: I seems as if the bulls won the fight with the smaller downtrend channel. The overcut is very clear, the next target lies at the upper edge of the bigger downtrend channel. Afterwards is following the gap closing of the December gap. But indicate the following thing. We see two trend sizes. The smaller trend (red) is facing downwards and the bigger one (green) is facing upwards. That is not a really clear situation, isn´t it? Everyone has to decide which trend size he wants to trade. With the right money management and your own penguin factor it is easy to trade. Hourly chart: The hourly chart – the leading trend size for daytrading – ran until the middle of the red box respectively the correction zone of the downtrend yesterday. The lower corrective trend will be more and more mature. But it seems as if the trend is very strong therefore it is absolutely senseless to fight against the power of the trend. As long as the DAX does not undercut the green zone the trend is able to continue. But be careful with long trades. The DAX is just coming slowly near at the point three of the current downtrend at 10335 points. Possibly a lot of seller are waiting there to push the sell button the next time. Intraday: In the 5m chart we can see a similar situation wherefore we can expect the same as in the hourly chart. (no change to yesterday) I hope you will remain favorably disposed towards me and always remember: the journey is the reward! warm regards Markus Gabel
#SP500 – Technical analysis today Daily chart: The opening of the new trading week by futures was very strong and a new all-time high were built. It lies at 2177.4 points. We still see the uptrend with the correction box between 2133 and 1803 points on the lower side. Most of the traders expect a decline down to the break out range at the last point two but it didn´t come yet. Instead of that decline the trend continues and has built the new high during the night. You may be curious what will happen in the next days. Will the trend continue further or we see the long expected decline? However, safe your money and be a master in your own risk management. Hourly chart: The trend continuation which has happened during the night we can see in hourly more clearer. The all-time high lies at 2177 points and the current correction box of that valid trend runs between 2170 and 2152 points. The trend in this trend size isn´t too old yet as it is not able to continue. In the knowing that a trend continuation is more likely than a trend break – assumed the trend isn´t too mature – we can assume that this trend will continue as long as the price doesn´t leave the green box to the lower side. If you want to make a trend here, stop it under the green box. Intraday: It seems as would be the air too thin by the new all-time high. We saw a double high at round 2177 points and afterwards the SP500 came back. But this is a normal behavior, because after each movement a correction always comes. Nothing else we can see in the 5M chart at the moment. The correction of the hourly chart runs by a downtrend in 5M chart. That correction box lies between 2168 and 2171 point on the upper side. It seems as if the correction goes further but it is what it is – only a correction in a valid uptrend. Pay attention with short trades. I hope you will remain favorably disposed towards me and always remember: the journey is the reward! warm regards Markus Gabel
#SP500, Technical analysis today Daily chart: The S&P created a new all-time high yesterday but without a close. Quite the contrary the index came back and is showing falling prices since then. Maybe was this the signal for a significant decline to the break out range at the last point two. But maybe the price could be stabilized at round 2150 points as well. At the moment it looks like as if the correction is going to continue. Hourly chart: The appearance of the hourly chart has changed this trading day. The current correction is showing by a new downtrend which is very far in the movement. We should see an upwards facing correction of this small downtrend in the next hours. As soon as the price come back in the red zone and is creating reversal signals there the time for a short may be come. But at first it seems as if more pressure on the price an deeper lows are possible before the correction starts. Intraday: In the 5M chart we see the corrective downtrend more clearly. Actually the trend is very far in the movement but the current low is going together with a divergence by MACD. This might be a strong signal that the next upwards facing correction is going to come. The last valid corrections lies between 2157 and 2163 points and when the index should come back into that area, creates reversal signal there then we can think about short trades. I hope you will remain favorably disposed towards me and always remember: the journey is the reward! If you want to learn more about trading by Dow-theory, visit my trading and education service on my homepage. I am looking forward to welcome you. http://www.gabel-trading.com/prodcut-category/premium-mitgliedschaft-de/?v=3a52f3c22ed6 warm regards Markus Gabel
SPX today, Technical analysis by Dow theory Daily chart: The uptrend keeps long in the daily chart and here in the big trend size. The index has created a new record high and with every high the next correction is coming closer and closer. But the correction box is very large and runs between 2133 and 1803 points and by that reason the long trade won´t be in danger for the next time. Hourly chart: The small trend size in the hourly chart is showing to us a long trade logically as well. This trend is a little bit mature and is struggling with the last point two at 2185 points. In according to Dow theory is the trend continuation more likely than anything else. The opening of the new trading week is very strong and it is recommendable to fight against that trend. Intraday: In 5M chart we see a similar situation as in the hourly chart. To starting in the new trading week we see a very strong opening with a trend continuation in the medium trend size. The valid correction box runs between 2185 and 2182 points. As long as the price doesn´t leave the green box below the trend is able to continue each time despite the majority of the trend. With this in mind I wish you a successful trading day. I hope you will remain favorably disposed towards me and always remember: the journey is the reward! If you want to learn more about trading by Dow-theory, visit my trading and education service on my homepage. I am looking forward to welcome you. http://www.gabel-trading.com/prodcut-category/premium-mitgliedschaft-de/?v=3a52f3c22ed6 warm regards Markus Gabel
DAX today, Technical outlook by Dow theory Daily chart: As I assumed the DAX went back nearly down to the upper edge of the bigger trend channel and its break out range at round 10400 points. In this case the efforts to install a new uptrend was considered. Now the buyers have to proof how much power they have to continue the trend. But the general situation keeps unhinged because the trends are running in different directions. And that makes the trading and our decisions not really easy. The first what you have to do is safe your money. Hourly chart: As we can see in the hourly chart we are trendless this morning. Basically situations like these forces an experienced trader to stay on the sideline. But as we can also see the handwritten red trend is facing upwards and currently in the correction. Long-term traders could be go inside this market at round about 10625 points. Intraday: The opening this morning took place by a down gap and leads the DAX into a valid downtrend. We see a little correction box and as long as the price doesn´t overcut this box the trend is able to continue each time. But the red box is very small so a trend break is also possible to that early time point. Have patient and at the best we are watching that disaster from the sideline. With this in mind I wish all of you a very successful trading day. I hope you will remain favorably disposed towards me and always remember: the journey is the reward! If you want to learn more about trading by Dow-theory, visit my trading and education service on my homepage. I am looking forward to welcome you. http://www.gabel-trading.com/prodcut-category/premium-mitgliedschaft-de/?v=3a52f3c22ed6 warm regards Markus Gabel
SPX today, technical analysis by Dow theory 12-09-16 Daily chart: What cannot rise must fallen, that is an unwritten law at the stocks. The index tried to increase a lot of times but it hasn´t worked. By that reason the price has to fall and that was happened on Friday very clear. With that decline the price has reached the green box. But if we are honestly what is happen? Really nothing thus, the trend has gone into the correction by a valid uptrend, no more no less. Now we have to give the trend some space for its correction and if we see several reversal signal maybe it is time to think about a long trade. But not yet!!! Hourly chart: What an awesome red day last Friday. But we might not impressed about that because we are technical traders by Dow theory. So what we can see? Only a valid short trend which is very far in the move. The correction box runs between 2157 and 2188 points on the upper side. The experienced trader are waiting until the price is going back into the red box and looking there for some reversal signals for going short again. We have to do the same. Intraday: The small trend in 5M chart is showing us the attempt to build a bottom. We can see a very young uptrend with a correction zone between 2108 and 2099 on the lower side. Probably we can assume that we get a correction day this day. This is valid as long as the price will not undercut the mark of 2099 points. Be careful because the market is struck and everything can happen. With this in mind I wish you a successful trading day and a comfortable weekend ahead. Enjoy your life. I hope you will remain favorably disposed towards me and always remember: the journey is the reward! If you want to learn more about trading by Dow-theory, visit my trading and education service on my homepage. I am looking forward to welcome you. http://www.gabel-trading.com/prodcut-category/premium-mitgliedschaft-de/?v=3a52f3c22ed6 warm regards Markus Gabel