Weekly Index Update: US30
26 of March, 2012
By James A. Hyerczyk On Friday, the US30 index CFD completed an ABCD Fibonacci pattern, setting up the market for a retracement of the break from Point C to Point D. With the main trend down, this will be a counter-trend move which could payoff if aggressive buyers shift the momentum to the upside. The [...]
Weekly Index Update: UK100
19 of March, 2012
By James A. Hyerczyk The UK100 index CFD has formed an emerging ABCD Fibonacci pattern on the 1440-minute chart, setting up a potential rally into the Autochartist price level target at 6054.30. If the market does reach this price and time target, then traders should watch for a correction into a series of Fibonacci price [...]
Weekly Index Update: USTEC
12 of March, 2012
By James A. Hyerczyk The USTEC completed a 3-Point Extension Fibonacci pattern on the close on Friday, setting up the market for a retracement into a series of Fibonacci price levels ranging from 2643.25 to 2617.55. Since the main trend is up, the move to the downside is expected to be corrective in nature rather [...]
Weekly Index Update: E-mini Dow ($5) Futures
5 of March, 2012
By James A. Hyerczyk The strong late session rally in the E-mini Dow ($5) Futures market was impressive because it demonstrated that despite the low volume, investors were still buying dips in stock index markets. Although the contract still has a little work to do before mounting a challenge of the Autochartist Key Levels resistance [...]
Weekly Index Update: France 40 (F40)
27 of February, 2012
By James A. Hyerczyk After the France 40 (F40) index CFD formed Point C on the 240-minute chart, Autochartist was able to identify an ABCD Fibonacci pattern. Based on information derived from the chart, the Fibonacci pattern suggests that the market is set up for a possible break into the price and time target at [...]
Weekly Index Update: USTEC
20 of February, 2012
By James A. Hyerczyk The USTEC index CFD opens the week in a strong position to challenge the Autochartist Key Levels resistance at 2594.70. This price level had rejected the market several times over the past two days; the most recent test was following a tremendous rally from near 2543.70. The first penetration of this [...]
Weekly Index Update: Nikkei 225
13 of February, 2012
By James A. Hyerczyk After a 38-candlestick rally inside of a rising wedge chart pattern on the 240-minute chart, the Nikkei 225 index broke through the steep support line, setting up a potential break into the forecast price zone identified as 8806.94 to 8614.43. With all breakout trades, above average volume as well as rising [...]
Weekly Index Update: UK100 Index CFD
6 of February, 2012
By James A. Hyerczyk It took a while, but the UK100 index CFD finally reached its October top near 5833.00 after several months of tumultuous trading activity. Powerful short-term momentum drove the market up to the resistance level of an ascending triangle chart pattern on the 1440-minute chart, putting the market in a position to [...]
Weekly Index Update: E-mini S&P 500 Futures
30 of January, 2012
By James A. Hyerczyk The E-mini S&P 500 futures contract has formed a potentially bearish ABCD Fibonacci pattern on the 30-minute chart. Now that the market has retraced the break from Point A to Point B to form Point C, it is set up to break into the Target Price, or Point D. Following a [...]
Weekly Index Update: USTEC
23 of January, 2012
By James A. Hyerczyk USTEC index CFD rebounded after forming Point C of an ABCD Fibonacci pattern, setting up a potential rally into the forecast price level at 2440.50. If this price level is reached within the forecasted time frame, the index CFD is expected to start a correction into a series of Fibonacci price [...]