Saturday, June 9, 2018

Dashboard Weeklies (based on the previous business day)

Weekly Time Frame Trading

AEX @ 560,03 (AEX Weekly Chart). TTIP mode.
Bullish trend direction. Trend investment setup valid.
Longer Term: Bullish Trend Channel (Target 650)
Shorter Term: Correction within channel
Support/Resistance: 516,58/572,81 and pattern bounderies.

BRENT @ 76,46 (BRENT Weekly Chart). TTIP mode.
Bullish trend direction. Trend investment setup valid.
Longer Term: Bullish Trend Channel (Target 115,71).
Shorter Term: Move up within channel.
Support/Resistance: 72,38/115,71 and pattern bounderies.

GOLD @ 1.302,70 (GOLD Weekly Chart). TTIP mode.
Bullish trend direction. Trend investment setup valid.
Longer Term: Bullish Ascending Triangle (Target 1.700).
Shorter Term: Move to lower boundery triangle.
Support/Resistance: 1.238,30/1.369,40 and pattern bounderies.

SOYB @ 969,25 (SOYB Weekly Chart). TTIP mode.
Bullish trend direction. Trend investment setup valid.
Longer Term: Possible repeat of 2009-2010 Pattern (2016-2017) (Target 1.750).
Shorter Term: Awaiting possible breakout in this Pattern.
Support/Resistance: 967,75/1.080 and pattern bounderies.

SPX @ 2.779,03 (SPX Weekly Chart). TTIP mode.
Bullish trend direction. Trend investment setup valid.
Longer Term: Bullish Trend Channel.
Shorter Term: Correction within channel.
Support/Resistance: 2.676,81/2872,87 and pattern bounderies.

UST @ 119,83 (UST Weekly Chart). TTIP mode.
Bearish trend direction. Trend investment setup invalid.
Longer Term: Bearish Trend Channel.
Shorter Term: Move down within channel.
Support/Resistance: n.a./121,17 and pattern bounderies.

XEU @ 117,78 (XEU Weekly Chart). TTIP mode.
Bullish trend direction. Trend investment setup valid.
Longer Term: Bullish Trend Channel (Target 1,40).
Shorter Term: Correction within channel.
Support/Resistance: 115,58/124,63 and pattern bounderies.

TTIP mode and trend investment setup validness is determined on a weekly basis.

For Patterns and pattern bounderies look at the Monthly Charts. 

For an explanation of the Trend Trade & Investment Principle, its abbreviations and its usage see the bottom of this blog. Please also read the disclaimer there.