2013/11/07 DAX Double-Whammy UPDATE: Squeeze fired long on interest rate news

 UPDATE: DAX and its squeeze release double-whammy :) 

(compare with post this morning)

2013/11/07 DAX Double-Whammy Squeeze: 4h and 1h power waiting for today's news releases

 

The DAX and many other indices are setting up for a double-whammy: pressure is building before the news releases today, and the indices are squeezed into narrow ranges. The DAX has a Squeeze in the 1h and the 4h chart, just waiting to release the pressure in one or the other direction. Two-sided strategies that speculate on larger movements are favored in this situation. 

2013/11/04 DAX 1h-Squeeze breakout - the impulsive move has started

 

After getting squeezed twice in a short time, the DAX has finally blown the pressure valve an moved impulsively to the downside this morning. And, there might be much more downside potential! Also check out other indices like FTSE 100 and S&P 500, the impulsive moves are similar and the downside potential too. 

 

See also my earlier post of Nov 1, 2013

 

2013/11/01 DAX 1h-Squeeze forming - be prepared for impulsive move

 

The DAX has entered into a 1h-Squeeze (the Bollinger Bands entering into the Keltner Channel). Frequently, during a squeeze pressure is building up that needs to be released in an impulsive move, once the squeeze fires to one or the other side. The TRIX and the MACD indicate decreasing momentum, so the squeeze firing to the downside would be the more likely scenario. 

 

Option traders like squeezes, because they mean fast and furious moves - great for long delta 70 options plays. So be prepared ... :) 

 

2013/10/30 DAX 15 min - support and resistance Fibonacci Clusters for the day

2013/10/25 CVI short setup - rejected at 42 heading down for 34

 

CVI has tested  the Fibonacci Cluster around 42 and is now heading down to support at 36.5, and maybe even lower to 34.

Support: 36.5
Extension target 127.2%: 34
Extension target 161.8%: 32

2013/10/25 QIHU setup - found support at 85 Fibonacci Cluster, now heading for 100

After a corrective move, QIHU has found support at the Fibonacci Cluster around 85. Now it's heading higher with the master trend  aiming for the 127.2% extension target of 100. The TTM_Squeeze has also fired long and its increasing squeeze-momentum (light blue bars) are supporting the idea of further upside potential. It's all setting up nicely for a good Risk/Reward trade.

Extension target 127.2%: 100
Extension target 161.8%: 104
Support cluster (stop):  84 - 85

2013/10/24 TLT 20YR+ Treasury Bonds facing upside resistance at Fibonacci Cluster

 

TLT 20YR+ Treasury Bonds ETF facing overhead resistance at Fibonacci cluster range: 108.8 - 110.8

2013/10/22 SPX SPY SP500 Fibonacci Cluster upside resistance and targets

 

Fibonacci cluster target 1: 1753-1756
Fibonacci cluster target 2: 1782-1786

2013/10/18 GLD Gold ETF - facing strong upside resistance by Fibonacci Cluster

GLD Gold ETF - although GLD has broken out of a decending wedge yesterday, it is facing strong overhead resistance by a dense Fibonacci Cluster. If the 127.6 - 130.3 cluster zone can be cleared, there is plenty of room to the upside, with the extension targets:

Extension target 127.2%: 141.92
Extension target 161.8%: 147.41

2013/10/17 EEM Emerging Markets ETF - daily chart with Fibonacci Cluster targets and Elliott wave count

EEM MSCI Emerging Markets ETF - daily chart with Fibonacci Cluster targets and Elliott wave count:

Target Zone 1 (around 127.2% extension):             43.6-44

Target Zone 2 (around 161.8% extension):             44.6-45

2013/10/16 DOW Jones Industrial Futures YM - daily chart with Fibonacci Clusters - support and resistance

DOW Futures YM - daily chart with Fibonacci clusters indicating the support and resistance zones:

Support 1:                                15050-14970

Resistance Zone 1:                15250-15270

Risistance Zone 2:                 15410-15460

Extension Target 127,2%:      15926