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  • Trade view / Friday at 5:35 GMT
    Medium term

    Swedish equity index closing in on inflection point

    Equity markets have been running higher since late September but are heading into what appears to be heavy overhead resistance. This is at a juncture where some indices are displaying more or less perfect Elliott wave structures. I see an opportunity to open a short position in the OMXS30.I (SWE30.I) for at least a medium-term pullback.
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    Johan Berntorp Johan Berntorp
    I think it could go to 10500 absolutely, I am not expecting it to drop straight away but rather go sideways before a last swing/spike higher. This...
    DudetteUK DudetteUK
    You've got your spike, Johan!
    Johan Berntorp Johan Berntorp
    Yes, now it has to close below Thursday's close, the DAX.I that is. OMXS30.I has to close below Friday's close. Ideally.
  • 5d
    Johan Berntorp Johan Berntorp
    Have to hope the powder left in the risk budget this month can ignite...we'll get some ignition in Malmö tomorrow for sure, Zlatan back in town...
    Hani Al-hadab Hani Al-hadab
    very good
    Johan Berntorp Johan Berntorp
    I am out of this trade at 1508. Original poss small loss, 2 pts.
  • Trade view / 19 November 2015 at 10:54 GMT
    Short term

    Emerging markets ETF on an upside gap hunt

    The medium-term trend higher amounts to a test indicative of further strength in the iShares MSCI emerging markets exchange-traded fund (EEM:arcx). This test sets this market up for at least a temporary move higher into a gap created on the daily chart into the open on November 5. Lets chase it.
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    Johan Berntorp Johan Berntorp
    For this Trade we do not want to see the gap at 34.50 be overrun.
    Johan Berntorp Johan Berntorp
    The gap Held up and we have what appears to be a bullish engulfing candle. A follow through tomorrow would be ecouraging endeed.
  • 17 November
    Johan Berntorp Johan Berntorp
    GDX:arcx heading lower today. Given today's price action so far the close price tomorrow need to be higher then today's close. If so a bullish signal could...
    19 November
    Johan Berntorp Johan Berntorp
    GDX:arcx got its positive close yesterday and as far as I am concerned is following the script so far, still early though. A close below Tuesday's close...
  • 12 November
    Johan Berntorp Johan Berntorp
    The gap was almost closed yesterday before a reversal took place. One could move the stop to entry not to risk losing from a setup that started...
  • Squawk / 06 November 2015 at 7:36 GMT
    SCAb:xome should be involved in a larger topping process and risk/reward is not looking too good for bulls short to medium term. A retracement down to and towards the support line in red is a feasible assumption. Wave 4 of lesser degree then the cycle possibly about to complete. Note the clear five wave structure off the most recent lows...
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