ES / DAX long term

Developing value and HVN areas

ES sliced through the “thin zone” 1880-1925 – stopped at 1939 HVN of [Tue 09/30- Fri 10/10] balance from prior to FOMC rally. The next area above is 1963.

es_composite_long_term_plain

DAX had a similar pattern where the market trapped shorts on the large volume down day [10/15-10/16]. The bulk of the volume was centered at 8630.

Price re-tested that area today at the open (8641.5). Many took the chance to get out and others got long. 9015 9345 are the next reference areas above.

DAX_longterm

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s