Anti - Trump protests What to expect for indices? Technical analysis

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Anti - Trump protests What to expect for indices? Technical analysis

Post by Evgenia Gencheva on Fri Nov 11, 2016 12:48 pm

DAX is under rejection 10800, yesterday's high 10798.
On daily chart is already clear signal for fall according to this unusual flat movement of lower bollinger.
By itself, US election candle is Bullish flag. Recovery after the drop was expected, the same as after Brexit, but here the recovery was too fast and "unhealthily", look as manipulation.
In connection with mass Anti - Trump protests, there is possibility for new huge drop lower than after the election day (Nov 9, 2016).

https://i37.servimg.com/u/f37/19/53/74/92/forex_66.png



Nasdaq chart is more clear than the other indices charts.

https://i37.servimg.com/u/f37/19/53/74/92/forex_68.png



What I expect for US 30?

After yesterday's new ATH and based on weekly is possible new high to 19050, but according to daily chart, based on indications from SMA, I see huge drop below the begining of the pylon of current Bullish flag.

https://i37.servimg.com/u/f37/19/53/74/92/forex_70.png



https://i37.servimg.com/u/f37/19/53/74/92/forex_72.png

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Evgenia Gencheva
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Re: Anti - Trump protests What to expect for indices? Technical analysis

Post by Evgenia Gencheva on Fri Nov 11, 2016 3:24 pm

US 30
I expect SMA 50, 200 cross (daily chart) at 17866.68, over the price at the moment of crossing.

https://i37.servimg.com/u/f37/19/53/74/92/forex_78.png

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