Dax 30; Ftse 100; SP 500 - Market View

psaTrading

Private, 1st Class
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Although Yellen has emphasized the economy isn’t meeting the Fed’s goals, the markets recovered from yesterday's decline.

It's always the same thing, on Fed's days, buy buy buy....

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Silva Trading EN | Financial Markets
"It is not enough to have a good mind. The main thing is to use it well." (Rene Descartes)
 
The Euro’s slide as a result of the ECB meeting in May continued this past week with the perception that a round of easing is to be announced in June.

I believe the pair will slide until the support of the last wedge (around 1.35), the break of this line could induce a downward move at least until 1.27 (First part of scenario 1), strong fundamental releases will trigger a rebound at the support of the refereed wedge bringing the pair up to the high of the year (scenario 2).

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Silva Trading EN | Financial Markets
"It is not enough to have a good mind. The main thing is to use it well." (Rene Descartes)

EURUSD Monthly Chart:

22-05-2014 21-08-10.jpg
 
I believe the Dax will continue to go higher and sellers are creating bargain entries for buyers.
 
Do you believe it was just an accident???

The Institute for Supply Management corrected its May manufacturing index to 56 after saying it applied incorrect seasonal adjustments to the figure. The Tempe, Arizona-based group initially reported the gauge fell to 53.2 from 54.9 in April.

The decrease was "suddenly" found to be a mis-calculation and the figure re-released with all the numbers magically better? :)

http://www.bloomberg.com/news/2014-...ctory-index-to-56-after-adjustment-error.html
 
Nice short on Dax:

SL @ ...... : 9955
Short @... : 9946
TP1 @..... : 9897
TP2 @..... : 9850 (Still open) (Moved SL to BE)

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Silva Trading EN | Financial Markets
"It is not enough to have a good mind. The main thing is to use it well." (Rene Descartes)Descartes)
 
The markets have no volume and no significant moves. They are asking for a good shrink before new highs.
Dax, is slowly declining . Drops usually early in the day, and recover after the US open.

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Happy trading.
 
Trading Dax:

SL @ ...... : 9943
Short @... : 9923
TP1 @..... : 9897
TP2 @..... : 9850

Stoped at BE and reversed:

SL @ ...... : 9915
Long @... : 9926
TP1 @..... : 9974 ( :) )
TP2 @..... : 10130 (Still Open)

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Happy trading.
 
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