Index Charts (For Trading)

The common theme amongst the major indices is a short term downtrend very near to horizontal support. My opinion is more downside but I won’t be trading my opinion. I’ll trade the lines instead.

[right click on charts to open in new tab]

AUSTRALIA

DAX

FTSE

CAC40

ITALY

HONG KONG

SPX

S&P500 Daily

Eerie in its similarity to the first half of 2008. Average True Range is a measure of volatility with the line in the sand at 18; above 18 volatile and bearish, below 18 good for the bull. Currently ATR still at very high levels (the only time it was higher was Lehman.)

10c

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s