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  • Trade view / Friday at 8:06 GMT
    Short term

    Attractive risk/reward for SP500 bears ahead of data

    The SP500.I is currently at major overhead resistance and has from a longer term perspective been making lower highs and lower lows for a year now. With the April 20 peak and the subsequent bounce risk/reward is looking quite interesting for a short position and, at first, a move into the May lows at around 2,045.
    Read the Trade View
    11h
    DudetteUK DudetteUK
    Same risky business as the NQ trade but I agree with you that the R/R is getting attractive
  • 5d
    Johan Berntorp Johan Berntorp
    I seem to have mixed up the daily oscillators here, the divergence is on the RSI obviously as shown in the chart, not the STOC-S.
  • Squawk / 23 May 2016 at 20:44 GMT
    The OMXS30.I is possibly about to make a new strong directional move in either direction. The larger trend is down until proven otherwise but is the bounce off the Feb 11 lows over? In the chart below I have two scenarios, one bullish and one bearish. The bullish scenario is a longer term bearish abc structure but implies short to medium term movement higher, ideally in a five wave impulse. A daily close above 1351 in the near future would indicate higher prices. The rise should in this case ideally not last longer then 60 days from May 13.

    The bearish scenario is one hinting at a very weak market with a short and not very impressive bounce given the previous decline. So far following the April peak we have one five wave bear swing lower that ended on May 13. If we breach this low at 1305 we might get to experience third wave price action to the downside.

    Looking at internals in the index we are currently seeing industrial with relative strength and Banks and HM putting pressure...
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    6d
    Johan Berntorp Johan Berntorp
    Yes, it fits as I understand your picture but in that case we would see a three wave thrust lower which would mean we are in a...
    6d
    Johan Berntorp Johan Berntorp
    The five wave ending is also why there is a bullish scenario that could possibly play out, with ok time alignments. Enough to be carefull and not...
    6d
    fxtime fxtime
    Thx for the detailed response mate :-)
  • Trade view / 23 May 2016 at 5:14 GMT
    Short term

    ABB signals further gains into the week

    The shares of Swedish Power and Automation technology firm ABB are at an interesting juncture and a close above SEK 172 would signal further gains into at least the end of this week. The plan is to buy a break above SEK 172 for a move higher into SEK 176 and SEK 180 into this upcoming Friday.
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    5d
    Johan Berntorp Johan Berntorp
    This trade has failed to trigger and even though price have gained some it hasn't been enough. Sure the trade might still trigger but it would be...
    3d
    Johan Berntorp Johan Berntorp
    ABB hit SEK 176 today and if it holds we have something quite interesting going on. The rise off the Jan 21 lows took, so far 127...
  • 13 May
    Johan Berntorp Johan Berntorp
    This one is far from over, better reverse lower given today's kind of bullish candle. The verdict is still out there even though the prereq. for a...
    22 May
    Johan Berntorp Johan Berntorp
    It appears as though tomorrow could send a verdict to my trade and trigger the stop. A close above SEK 237 would signal SEK 247 as the...
    22 May
    Johan Berntorp Johan Berntorp
    No buy signal until then though.
  • Trade view / 09 May 2016 at 5:26 GMT
    Short term

    OMX Stockholm 30 downtrend likely to continue this week

    Indicators suggest that the current bear swing lower will continue this week. There is little evidence that it has been completed. Daily oscillators have not hit the floor, and the wave count and time cycles are still pointing lower. So until stronger evidence of a reversal turns up, the line of least resistance is to the downside.
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    09 May
    Johan Berntorp Johan Berntorp
    Struggle around 1333, bulls has the upper hand for now. A continuation above 1336 implies 1341 then 1351 and 1359...
    09 May
    Johan Berntorp Johan Berntorp
    To the downside below 1333 we have 1325, 1315.
    12 May
    Johan Berntorp Johan Berntorp
    We ended up seeing 1341 before the run up came to a halt. The markets then managed to push the index down to 1312 this morning. The...