Technical forecast for Dax

Dax Sep13 has a small bearish double top in place which helped push us lower than expected & broke good support at 8323. Below 8338/28 today sees a retest of yesterday’s low at 8308 with support at down to 8300.

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Technical forecast for S&P 500

Emini S&P Sep13 broke trend line support at 1676/75. We wrote yesterday: THIS IS IMPORTANT AS IT WOULD COMPLETE A BEARISH HEAD & SHOULDERS PATTERN & TARGET 1647/45

Technical forecast for Dow Jones

Emini Dow Jones Sep13 in a 2 week down trend & hit our target & very strong support at 15050/35 for a buying opportunity & an end to

Technical forecast for FTSE 100

FTSE Sep13 headed lower as predicted but broke down to 6445. Here we meet the 100 day moving average so this level is important today as we start

Technical forecast for Eurostoxx

Euro Stoxx Sep13 edged higher to 2860 in a quiet session. Just cannot fight this trend so the target of 2883/93 is always achievable. We are drastically overbought

Technical forecast for Dax

Dax Sep13 retested August highs at 8464 & as long as this holds we have a bearish double top in place. With the market overbought in the short

Technical forecast for S&P 500

Emini S&P Sep13 made it back to 1693/94 for a selling opportunity & topped exactly here. We broke 1687/86 as we test this week’s low & trend line

Technical forecast for Dow Jones

Emini Dow Jones Sep13 topped around 15404/09 & as expected broke 15305/15290 to the downside & hit the target of 15260/55 to bottom exactly here. We are in

Technical forecast for FTSE 100

FTSE Sep13 reached the next target at 6625 & tested trend line resistance at 6635 as hoped. We predicted selling pressure here & advised to exit longs &

Technical forecast for EUR/USD

EURUSD hit our target & good support at 1.3250/40 for a buying opportunity & we bottomed exactly here. We are oversold short term & have reached as far