Index Trading, xjo, dow, dax, ftse

[early birds]

In Reply To: early birds's post @ Sep 17 2020, 09:52 AM

index expiry today!! for asx200
we might see some erratic moves when cash market opens at first half hour!!

[early birds]

In Reply To: early birds's post @ Sep 16 2020, 08:48 AM

SPX had strange session last night, it popped up after FED indicator "lower rate for longer",
then sellers come out wood work , keep the pressure on esp for the large tech stocks , seems rotation keeps on

commodities did well lead by oil price

so i kinda see asx200 will be in range at our market---5950--5975 or even tight range. don't see much on index trading today

by the way SPX key support is at 3350ish [or little lower] drop through there will bring out a lot of bears! imho. it's just TA view!!

[early birds]

In Reply To: early birds's post @ Sep 15 2020, 09:38 AM

seen some wekness from US market last night , esp the way that SPX movement.
but EU market doing well and some other major index doing fine as well.

seems like money moving around and try to pump up market but bit if short of breath????

asx200, looks good as it's future points out. i'd think of 5925----5950ish is the tight range for today, but if it go above 5975, that will bring out a lot of bullishness!! imho

[early birds]

In Reply To: early birds's post @ Sep 14 2020, 09:40 AM

a break from US market from sellers last night, gives bit of confidence to other market, esp our market i guess

but future of asx200 didn't go crazy last night. 5900--5925 might be the tight range for today's session??

not so sure , just cut down the size of the trade, or stay aside[ prefer that way]!!

[early birds]

no major event happened through the weekend [[hot war eg...]

so expecting asx200 lean to the upside today. the future is up before the bell.
keep eye on 5875, if it can stay above the level, then that is bullish sigh for short term traders or DT .

if cash market stay below 5875 , then stand aside, imho!!

[early birds]

Friday again,

not much action last night. as US EU market had down swing session caused big tech name FAANG or whatever you like to call it.

asx200 -----bist support should be at 5788ish, close below that with good margin then will bring most of bear out of woods. up side res set at 5866ish. wich is not far from opening bell!!

[early birds]

as US EU markets all had really good size rebound last night.
we should see asx200 will have a good start.
to me asx200 will range bound. support is at 5925ish and res is at 5975ish. i would use that two level to take action. lean to the long side today

[early birds]

In Reply To: henrietta's post @ Sep 9 2020, 09:19 AM

it is poem for you H
not for me , as i bearing through the pain last two days!!

i guess 99.99% of people don't like to see the dentist!!! pay the $$ and get the pain!!

hope you guys do well with current yo--yo market!! as asx200 future looked well atm.

[henrietta]

This would make an excellent short poem , EB.

went to dentist this morning
still try to manage the anesthetic , it will be more pain when the "norm feeling is over" .
the sound of drill still ringing in my head.......ahhhhhhhhhhhhhhh.

Cheers
J

[early birds]

support for asx200

5820ish then 5792ish [strong support], other than that, not so sure!!!!! as geo--risk with overbought major market, be skittish on these levels, even you are a little longer term investors!!

try to use 5 minutes chart to scalping today, ----long or short !!