Ftse (daily) .....will be interesting to see if the wedge breaks on Monday

FTSE

clearly the 50% retracement level is important...........expanding wedge pattern ?

Dax

10800 is a Gann level (3 x 360 ) (x10)
it is also 3 times the 2009 low

a 13,34 ema cross would be a reasonable trigger

something like this for the bearish scenario ?

NYSE

Ftse

a couple of closes below 6400 would indicate a high of some sort might be in for now

nice charts from Korelli (US,UK and high yield debt )

http://korelli.typepad.com/blog/2015/10/spx-nyse-comp-jnk-ftse-british-pound-25th-october-2015.html


not sure about the wave count in this one.....:-)

 

Ftse

we got the spike I was looking for on Wednesday but bears now need to say a fairly swift reversal as much further strength would take out important resistance

On the cash index the 50% retracement line is at 6445,right where we closed on Friday

chart by Kimble

setting up for a spike short term ,which could give our selling oppurtunity ?

Crude

a decline to the lower BB could be a buying oppurtunity,seems to some symmetry (foldback pattern ?)

NYSE

masses of resistance overhead

maybe a November low,like 2011 ?

Dax

Coffee

Ftse

If this bearish view is correct then we need to reverse soon at or below horizontal resistance. I am inclined to say 6400 is the big level but we could push a little  higher.....above 6500 I would have to rethink.

here is the same chart plotted for calendar days rather than trading days,the angles seem to work better

Dow neckline test

looks to be limited upside from here,maybe a spike to the faint upper horizontal line ?

FRES

last week was a major power candle (elephant bar) and this week is following through
(this is a major silver producer,based in Mexico ,listed on the FTSE

Ftse

failed break of the ema

SPY candles

some nice clean candle patterns

S&P

chart below by Ron walker with trendlines added

NUGT

chart posted Sep 14....breakout

Gold

I drew attention to the bullish engulfing candle on Oct 4 and to the bullish ma alignment the next day and we have seen nice followthrough

how with deals with this 50 % level should offer a clue to its strength

Dax

update of Friday's chart....2 red candles after reacting at resistance

with the 5 day rsi

MA signal given early on 15min chart,not confirmed yet on 60 min

http://libertyblitzkrieg.com/2015/10/12/merkel-surprised-as-hundreds-of-thousands-march-in-berlin-against-ttip-corporate-dictatorship/

"In what is being described as the largest German protest in recent years, hundreds of thousands of enraged citizens descended upon Berlin over the weekend to voice their collective displeasure at the government’s attempt to consolidate corporate dictatorship by passing a democracy killing agreement being marketed as a “free trade” deal, known as the Transatlantic Trade and Investment Partnership (TTIP).
The TTIP is basically the TPP but between the U.S. and Europe as opposed to the U.S. and Asia and parts of Latin America. Like the TPP, it further consolidates corporate power, destroys consumer protections and has been negotiated entirely in secret"

possible short term wave count for the S&P

 longer term charts,Nasdaq :

Dax

Ftse

2000 seems like a decent reversal level

Ftse

broad resistance in the 6300-6400 area

Gold

Im feeling more and more positive about gold here....this is the daily chart.Next step needed is to clear the 100dma

Gold

very bullish looking engulfing candle

http://www.armstrongeconomics.com/archives/37732

"Russian warplanes have been targeting rebels trained by the U.S. Central Intelligence Agency exposing US policy placing Moscow and Washington on opposing sides in a Middle East conflict for the first time since the Cold War. This should be a great concern because whatever has been the focus on the precise day of the ECM is what becomes the important event. As the economy in Russia turns down, the government needs a distraction and this is it. We will see the same trend emerge in the USA when the economy turns down for war is necessary to distract the people from the non-establishment candidates for 2016 and the social defaults as well as the need to raise taxes for war."

SPY

Dax

FTSE

RRS

bouncing strongly from the Gann support levels I posted here few weeks back