I was looking at Dow Jones testing the 20d MA resistance last Friday. And, it conquered the 20d MA resistance and formed a white candle on Friday. This has been the rebound that many traders are waiting for.
It is not surprised to have a technical rebound now, as the bear has been having party for [...]
After a long wait, US finally rebounded with white candle for 2 consecutive day and it hit the 20d MA resistance at approximately 11,400 range as anticipated .
Dow Jones is hovering around 11,426 now as I am writing this post. The market is either moving up or moving down. It is a tug of war [...]
It has been about a month since I posted about Hong Kong Hang Seng Index . I have decided it is time to re-examine the Hong Kong Market again.
I was looking at HSI using EMA envelope last time and I was waiting for a rebound using EMA envelope. It did not happen and I also [...]
I posted 2 days ago that I have been expecting a Dow Jones technical rebound , wow, you know what, it happened yesterday with a big white candle. Furthermore, Dow Jones was nicely supported on the 50% Fibonacci line as I was anticipating. Phew, that’s the power of technical analysis.
There are also some positive news [...]
I thought that Singapore STI was support well on the gap support yesterday. Sometimes, the market can really make quick U turn and the index dive by 70+ points today on fear of another round of US financial trouble.
As bearish outlook on US plus the break of STI gap support, I did a scan using [...]
I was expecting a market technical rebound last week as I saw that many indicators were oversold. However, that did not happen. The market turned very bearish after negative news broke out from mortgage financiers Fannie Mae and Freddie Mac.
Let’s examine the technical analysis of Dow Jones & S&P500 again!
I draw the fibonacci lines using [...]
After about one week of sideway movement on Straits Time Index (STI), the stock market trend appeared to be sitting nicely on the gap support now which was formed between 2876 and 2832. The gap on STI was formed in March 08 while the market rally up.
Using classical technical analysis, I also observed a possible [...]
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