Different Indices

[PCMNewsdesk]

In this thread different Indices from analytical point of view will be provided.

Thanks

[PCMNewsdesk]

[PCMNewsdesk]

[Bottom Line]: The stock market’s initial thrust lower appears to be catching on key support levels in most major averages. This should prove temporary. Some of these levels are shown below; all should fail to hold.

Let’s start with the perspective provided by an index that has warned of broader, forthcoming sell-offs many times in the past, the FTSE 100 Index, a.k.a the London Footsie. The August issue of EWFF showed the long-term count and stated:
[It provides a clear and compelling case for a major global stock market top, and the index has a long history of peaking prior to major tops in the Dow. In 1987, for instance, the FTSE topped a month before the Dow. In 1990, the index topped seven months before the Dow did. In 2000, the FTSE headed down two weeks before the Dow, and in 2007, the FTSE peaked three months ahead of the Dow. Its all-time high of 6950.60 on December 30, 1999 occurred at the forefront of the entire 13-year topping process.]

The first, weekly chart above shows just how close the Footsie came to its December 1999 peak while the second daily chart shows a close-up of the index’s more recent move to within a whisker of its May high. The 14-year trendline drawn across the top of the first chart is similar to the key trendline across the tops of January 2000 and October 2007 in the Dow (shown below and in many recent issues); except, of course, that it leans lower instead of higher. A breakdown, at this point, carries an important implication as it confirms our long-term forecast calling this entire process a topping formation that will ultimately give way to levels that are well below the lows shown on both charts. The FTSE latest peak came on January 21; so it now lags the Dow Industrials by more than 14 years. This also suggests that the decline that it foreshadows will be an extreme one.

The likely start of this move is shown by the second chart, which appeared in a slightly different form in Monday’s European Short-Term Update. After a key failure in which the index failed to make a new high in wave 5, the FTSE fell back through the channel. Today’s sell-off actually pushed it back through the bottom line, confirming that the index is locked in a long-term decline. At the end of the day in London, the FTSE bounced back and closed right on the line. It may experience a brief countertrend that carries back into the channel, but any rally should stall and lead to a clean break. The larger message is the same as it was in July when EWFF stated that the FTSE “sheds light on the U.S. stock market.” For the balance of 2013, things went the other way, but the FTSE’s dramatic failure appears to have reinstated the markets’ natural order. Now, “U.S. stocks should play catch up,” as we in July.

[Athar dewidar]

Gold trading signalsToday and gold price Outlook
GOLD
buy @ 1215
tp @ 1229
sl @ 1208
Explanation of the gold trading signals today
Gold is preferred to buy at the market price as long as the price of gold above the level of 1208 as a stop loss level
Profit taking is set at 1229 for automatic exit on a profit
Gold Analysis and Gold Technical Outlook
The trend of gold in the near term and the medium is very bearish and the bearish trend continues
However, technical indicators are showing signs of recovery in gold prices
The price of gold has formed the technical model known as the measured move
Where the price of gold fell from the level of 1265 to reach the level of 1236 and represents the first wave decline in the pattern
The price of gold rose corrective until it reached the level of 1245, which dropped from it to start the last bear wave, which ended near the level of 1211
The first and second waves are equal in length
Which expresses the end of the pattern and is considered a signal for the rise
The RSI gave an early warning signal on the end of the current bearish trend through the revolutionary divergence pattern
The reversal candle pattern, known as the hammer, appears on the four-hour frame, which represents an opportunity to enter the buy





free forex trading signals live and EUR / USD outlook
EUR USD
sell @ 1.1750
tp @ 1.1680
sl @ 1.1790
Euro and Dollar Technical Outlook and forex trading signals free
The EURUSD rose from the 1.1500 level on 12-6-2018 until the EURUSD reached 1.1760 and during this rally the EURUSD formed the bullish measured move pattern and the two waves are equal height
The pair also formed another measured move pattern as it rose from the 1.1530 level to confirm the EURUSD selling opportunities
The EURUSD is testing the medium term downtrend line near 1.1750
EURUSD also formed the bearish divergence pattern on the RSI on the 4 hour and 4 hour frame
All of these technical indicators are a strong driver to send currency recommendations today to sell EURUSD
Explanation of the Euro-Dollar recommendation and currency expectations
EURUSD is preferred to sell on FX market as long as EURUSD trades below the down trend line
And below 1.1790 as a stop loss and exit from the deal targeting the 1.1680 level of take profit