Index Trading, xjo, dow, dax, ftse

[early birds]

so, US market did punch through 3280, after dip below 3230. it finished in bullish trend. but still not out of woods yet.
if SPX get through 3315---3325, get on the long trade, if not, then stay aside!!

asx200, expecting it to test that 6000 again at open, keep eye on 6025, get through there i reckon should get on the long trade. imho.

kinda lean towards up side today, if one like to DT .

[early birds]

whatch the SPX for it's first hour trading, looks bulls [ more likely market maker] try to force shorters to cover their shorts after breakdown the 3230level that trigger the longs to bail out at first half hour.

as the SPX cash market closed above 3230, there isn't much to do , but it looks like a short term short cover rally , not a bottoming setting to me!!
keep eye on 6280ish , hit through there that might bring out more bullish bet!! imho

asx200, again the future holds above that support level[5788ish2], now is at 5885, i guess it will hit through 5900 again today.

[early birds]

the future of SPX is sitting on the level 3230 now, expecting it to be broken intra--day . i guess it will target 3100ish [200 day ma] if it close below it at cash market.

asx200 will test that 5788ish , hope it can hold there, if not , then more of selling to come imho

as for today, range between 5850---5825????

[early birds]

In Reply To: tombeet's post @ Sep 22 2020, 04:11 PM

yeah, tombeet
the US market have a lot of reasons to this pull back. i do think USA will have second stimulus as election come close.
my view for this pull back is overbought, geo--risk, uncertainty of TIK TOK deal, all weighing up for this selling.
SPX bounced last night, but it far from out of woods . keep eye on 3325---3350, go over there will trigger short cover, down side target is 3230 the level is important for the bulls

asx200 future had good session last night, expecting some sota rebound from over sold level for short term. and it did hit support yesterday!!

like break record -----lean to long side if it opens 5830---[prefer 5825].imho

[tombeet]

American market is not happy and wants a second stimulus plan to happen now, its probably going to keep falling until it gets one?


Tom.

[early birds]

In Reply To: early birds's post @ Sep 21 2020, 08:53 AM

had a lot of little trades last night didn't make much money.

asx200 is sit right on the support and seems bounced

SPX key level is at 3230ish break down there, target 3100ish pure TA

[early birds]

had a rough scam through , haven't see any major bad things happened .
only see this news
https://www.marketwatch.com/story/trump-bes...9?mod=home-page

I have given the deal my blessing,” he said. “If they get it done, that’s great. If they don’t, that’s OK too.”

===========================
i knda remember he said he dosen't like the deal and gonna block it last Friday??
anyway, it won't surprise me much anymore ............

talking about market
SPX had technical break down the neckline for the short term, but tested 3288 and bounced from there last Friday. thought the news above will lift it back to bullish trend, but market seems think otherwise
as future of SPX been down as i'm tipping .

asx200 future down a larger margin as well despite this bullish news.
i'm not so sure which direction asx200 gonna go today, kinda lean towards up side.
start low then slowly rise to the end of the session?? it was quadruple witching last Friday for US market!! [ a lot of options warrents eg.. expired ]

[early birds]

In Reply To: early birds's post @ Sep 18 2020, 09:41 AM

asx200 went as high as 5920, just trailed my stops at 5903, and got hit,

really thought it should lean toward upside today.
but can't argue with Mr. market. on the fence now. it's strange to see oil sector still face selling pressure ??? saw saudi and russia trying to push oil price up and WTI BRAND all up over 2% last session??

[early birds]

SPX did break through that key level 3350 last night but slowly clawed back above it and most importantly it closed above 3350, so that gives bulls hopes.

asx200 been knocked down by that tic toc thingy yesterday, as US EU market recovered last session
i expecting asx200 to target 5950 or above, if start day under 5910, i'd go long for a trade.

keep eye on energy sector today, looks short squeeze might happen there!!imho

happy hunting Friday!!

[early birds]

https://www.cnbc.com/2020/09/16/trump-says-...iktok-deal.html

Amazingly I find that you’re not allowed to do that,” Trump said, referring to the idea of receiving “key money” for broker a deal, which he first proposed last month. “I said, ‘What kind of a thing is this?’ If they’re willing to make big payments to the government, they’re not allowed because there’s no way of doing that from a — there’s no legal path to do that.”

======================

not gonna say anything !!!

anyway, market been under the pressure from last section of US market last night, now ,i know what's gonna come out.
i reckon it is main cause of this sell offs now!! stay aside, as a lot of risk going forward . imho