Daily Indices Update: US500
30 of March, 2012
By James A. Hyerczyk After finding support and consolidating near 1391.00, the US500 index CFD broke out of its short-term range and is now in a position to challenge the Autochartist key levels resistance level at 1406.70. Currently, this is only an emerging pattern, but since the main trend is down, bearish traders may decide [...]
Daily Indices Update: UK100
29 of March, 2012
By James A. Hyerczyk After completing a retracement of a recent break, the UK100 index CFD confirmed Tuesday’s secondary lower-top formation with a break through the uptrending support line of a triangle chart pattern on the 240-minute chart and a dramatic break of the swing bottom at 5801.00. This move completed the chart pattern and [...]
Daily Indices Update: US500
28 of March, 2012
By James A. Hyerczyk The US500 spiked to the upside and then broke, helping to form the resistance line of a rising wedge chart pattern. This emerging pattern suggests the index CFD is poised to work lower, but must overcome a retracement area before it can test the rising support line. The overall quality rating [...]
Daily Indices Update: Switzerland 20 (Swiss 20)
27 of March, 2012
By James A. Hyerczyk The Switzerland 20 (Swiss 20) index CFD broke out above the resistance level discovered by the Autochartist Key Levels technical indicator, setting up a potential rally into the forecast price zone at 6317.70 to 6357.14. Now that the index CFD has closed above the former resistance level at 6288.00, traders should [...]
Daily Indices Update: Germany 30 (DE30)
26 of March, 2012
By James A. Hyerczyk After consolidating for several hours near the high of the day following an initial surge to the upside, the Germany 30 index CFD (DE30) rallied at the close and in the process completed a channel down chart pattern when the market took out a downtrending resistance line. Although the breakout was [...]
Daily Indices Update: Italy 40 (IT40)
23 of March, 2012
By James A. Hyerczyk The Italy 40 (IT40) index CFD broke through the support line of a rising wedge chart pattern on the 240-minute chart, triggering the start of a possible break into the Autochartist forecast price zone at 15570.00 to 14450.00. The fact that the chart pattern was created over 156-candlesticks is appealing since [...]
Daily Indices Update: US500
22 of March, 2012
By James A. Hyerczyk The US500 index CFD reversed course late in the trading session, forming a new swing bottom at 1402.00. In addition, the ability to move away from this bottom, helped form the support line of a triangle chart pattern on the 60-minute chart. Based on the near-term range of 1411.25 to 1402.00, [...]
Daily Indices Update: Japan 225 (JP225)
21 of March, 2012
By James A. Hyerczyk Following a prolonged move in terms of price and time, the Japan 225 (JP225) index CFD made a rapid midday turnaround, setting up the market for a possible challenge of the Autochartist Key Levels resistance level at 10121.00. A failure to breakout above this area should trigger another sharp sell-off as [...]
Daily Indices Update: UK100
20 of March, 2012
By James A. Hyerczyk After forming a top near 5974.00, the UK100 index CFD proceeded to move sideways along a resistance line, confirming the validity of an emerging triangle chart pattern on the 240-minute chart. With a bias to the downside forming, Autochartist is forecasting a downward direction. In addition, since the index CFD is [...]
Daily Indices Update: Japan 225 (JP225)
19 of March, 2012
By James A. Hyerczyk The Japan 225 (JP225) index CFD broke through the support line of a rising wedge chart pattern on the 240-minute chart late in the trading session on Friday to trigger the start of a possible break into the Autochartist price forecast zone at 10009.92 to 9871.79. The overall quality rating of [...]