Dow Jones: Setwärts Session(=bald heftig runter?!)

Updated 6/17 for Friday's market. Key DOW Levels for 6/18UPAbove 10,435DNBelow 10,300In the RangeDow continues sideways, stays within wide trading range.From prior commentary, "...The index ended the day lower by less than one point and is currently holding within the boundaries of the wide trading range that is forming from 10,300 to 10,430, seen in the 60 Minute Chart...the Dow will likely continue trading sideways within this range until clear and decisive direction is seen..." The Dow had another volatile range session today, as the index traded lower and higher before finally ending the day down by 2 points, as seen in the 15 Minute Chart. The index continues to trade within the wide trading range boundaries of 10,300 and 10,430, which is seen in the 60 Minute Chart. This range is the key pattern to watch over the next week or so, as further sideways movement will likely occur within its boundaries. The fact that the range has formed at the highs of the recent advance is bullish, but a break either way will likely yield good movement. Stand aside, unless one of the boundaries is broken. Watch 10,300 down, and 10,430 up. Short Term Dow Short term, the Dow has formed a clear range to watch for short term direction tomorrow morning. Watch 10,360 down, and 10,390 up tomorrow morning, as a break either way should lead to movement. Medium Term Dow In the medium term, we entered the market Short this morning at 10,343, but stopped out with a 20 point loss. We are out of the market and will watch 10,300 down, and 10,435 up; using 20 point stops. NASDAQ & S&P The S&P and NASDAQ each traded lower today, but the tech-heavy index clearly led the way. Each index continues to trade within their respective trading range, which we will watch closely in the coming days. Further sideways action is likely before a break will be seen. * Summary The Dow ended another session flat, as the index continues to hold within the wide trading range boundaries from 10,300 to 10,430. Look for further sideways movement within the range boundaries as the index continues to build up to a break. A break from this range will likely spark another impressive move. Thanks for listening, and Good luck in your trading.. Ed Downsedowns@nirvsys.com with assistance from..Frank Ochoa, Market Analyst fochoa@nirvsys.com ** 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 _________________________ Rules and DefinitionsDow 15 Minute ChartDow 60 Minute ChartDow Daily ChartDow Weekly ChartLegend  

 

 

 

Updated 6/17 for Friday's market.

Key DOW Levels for 6/18 UP Above 10,435 DN Below 10,300 In the Range Dow continues sideways, stays within wide trading range. From prior commentary, "...The index ended the day lower by less than one point and is currently holding within the boundaries of the wide trading range that is forming from 10,300 to 10,430, seen in the 60 Minute Chart...the Dow will likely continue trading sideways within this range until clear and decisive direction is seen..." The Dow had another volatile range session today, as the index traded lower and higher before finally ending the day down by 2 points, as seen in the 15 Minute Chart. The index continues to trade within the wide trading range boundaries of 10,300 and 10,430, which is seen in the 60 Minute Chart. This range is the key pattern to watch over the next week or so, as further sideways movement will likely occur within its boundaries. The fact that the range has formed at the highs of the recent advance is bullish, but a break either way will likely yield good movement. Stand aside, unless one of the boundaries is broken. Watch 10,300 down, and 10,430 up. Short Term Dow Short term, the Dow has formed a clear range to watch for short term direction tomorrow morning. Watch 10,360 down, and 10,390 up tomorrow morning, as a break either way should lead to movement. Medium Term Dow In the medium term, we entered the market Short this morning at 10,343, but stopped out with a 20 point loss. We are out of the market and will watch 10,300 down, and 10,435 up; using 20 point stops. NASDAQ & S&P The S&P and NASDAQ each traded lower today, but the tech-heavy index clearly led the way. Each index continues to trade within their respective trading range, which we will watch closely in the coming days. Further sideways action is likely before a break will be seen. * Summary The Dow ended another session flat, as the index continues to hold within the wide trading range boundaries from 10,300 to 10,430. Look for further sideways movement within the range boundaries as the index continues to build up to a break. A break from this range will likely spark another impressive move. Thanks for listening, and Good luck in your trading.. Ed Downs edowns@nirvsys.com with assistance from.. Frank Ochoa, Market Analyst fochoa@nirvsys.com ** 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 _________________________ Rules and Definitions

Dow 15 Minute Chart Dow 60 Minute Chart Dow Daily Chart Dow Weekly Chart Legend

 

 

 

na das wollen wir doch hoffen wo du doch auch in Puts steckst! :-)  

da sollte mir nix passieren.

 

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