Saturday, July 21, 2018

Dashboard Weeklies (based on the previous business day)

Weekly Time Frame Trading

AEX @ 572,20 (AEX Weekly Chart).
TTIP modeTrend investment setup valid.
Longer Term Pattern: Bullish Trend Channel (Target 650)
Shorter Term Observation: Correction within channel
Support/Resistance: 516,58/572,81 and pattern bounderies.

BRENT @ 73,02 (BRENT Weekly Chart).
TTIP modeTrend investment setup invalid.
Longer Term Pattern: Bullish Trend Channel (Target 115,71).
Shorter Term Observation: Move down within channel.
Support/Resistance: 72,38/115,71 and pattern bounderies.

GOLD @ 1.231,10 (GOLD Weekly Chart).
TTIP mode.
Longer Term Pattern: Bullish Ascending Triangle in jeopardy.
Shorter Term Observation: Move exceeding lower boundery triangle.
Support/Resistance: 1.238,30/1.313 and pattern bounderies.

SOYB @ 864,75 (SOYB Weekly Chart).
TTIP mode.
Longer Term Pattern: Bearish Flag (Target approx. 725).
Shorter Term Observation:  Breakdown out of this pattern.
Support/Resistance: 777/929 and pattern bounderies.

SPX @ 2.801,83 (SPX Weekly Chart).
TTIP modeTrend investment setup valid.
Longer Term: Bullish Trend Channel.
Shorter Term: Correction within channel.
Support/Resistance: 2.691,99/2872,87 and pattern bounderies.

UST @ 120 (UST Weekly Chart).
TTIP modeTrend investment setup invalid.
Longer Term: Bearish Trend Channel.
Shorter Term: Move down within channel.
Support/Resistance: n.a./121,17 and pattern bounderies.

XEU @ 117,23 (XEU Weekly Chart).
TTIP modeTrend investment setup invalid.
Longer Term Pattern: Bearish Trend Channel (Target approx. 1,05).
Shorter Term Observation: Bearish Flag within this pattern.
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.