Es koennte bei einem Bruch der 10600 /wieder zurueck in den Aufwaertstrend gehen, neue Hochs (10700 Punkte) testen...
Wahrscheinlicher ist aber ein leichtes Abfallen und ein ruhiger Auftack zum Wochenstart.
| Updated 2/6 for Monday's market. |  | ||||||||||||||||
Upside BreakDow breaks range to upside, holds at highs.From prior commentary, "...The Dow is clearly winding up for the "pitch". The fact that the index has traded sideways for over a week hints at the strong possibility of a solid break from the range..." The Dow got an upside break through the top of the range today, which sparked a solid push higher for the session, seen in the 15 and 60 Minute Charts, making for some very nice intraday gains. The day's rally capped a 97 point gain for the Dow. Looking at the 60 Minute Chart, shows that the Dow is moving higher toward recent highs at around 10,700. An upside break through 10,600 will likely cause such a move Monday. However, if the index does not break and hold above 10,700, look for the Dow to remain within the boundaries of the wide trading range that has formed at the highs of the 60 Minute Chart from 10,450 to 10,700. A break below 10,540 will likely push the Dow back toward the bottom of the range at around 10,450 Monday. A break through 10,450 will indicate an even further decline. Short Term Dow Short term, the Dow is holding above short term support at 10,547, seen in the 1 Minute Chart. Watch for strength above this level Monday morning. Medium Term Dow In the medium term, we entered the market Long today at 10,550, but stopped out of the trade at the entry due to the Breakeven Rule. No other trades were triggered and we are now out of the market. We will watch 10,600 up, and 10,540 down Monday with 20 point stops. NASDAQ & S&P The NASDAQ and S&P each got rolling early in the session, which each ending the day at the session highs. Look for a continuation pattern to form to indicate further upside movement. * Summary The Dow opened the session quietly this morning, but eventually got the upside break from the consolidation, sparking a solid push higher for the day. Look for the index to hold at the highs before another move is seen. An upside push through 10,600 will indicate continued strength, while a break below 10,540 could make for another move lower. Thanks for listening, and Good luck in your trading.. Ed Downs with assistance from.. ** Note: We are now posting Index entries and exits in Real Time, through our new Intraday Index Alerts service. To learn more about the service, visit SignalWatch.com and select Intraday Alerts from the main navigation bar. - SW Team _________________________ |
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