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TOP 40 Index

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FEK
Super Contributor
Technicians, good morning, what are the charts saying about the TOP40 today, is 29680 within sight this week ?????
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16 REPLIES 16
Terra
Super Contributor
1000 points in 3 days...possible...but based on what? Strong overhead resistance above 29000...I'm a little more bearish with a target of 28260 on topi....
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FEK
Super Contributor
Dow Futures up and commodities on a run !!!!!
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Terra
Super Contributor
I'm waiting for the retest on the resistance line...
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FEK
Super Contributor
What figure is the resistance line sitting at ?
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Not applicable
DOW sitting above 10400 I would be really really careful if that doesn't hold then we come down.
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Not applicable
DOW sitting above 12400 I would be really really careful if that doesn't hold then we come down.
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Terra
Super Contributor
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FEK
Super Contributor
So you will only initiate a long once TOP40 hits/passes resistance of +/- 29060
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Terra
Super Contributor
Looks like a flag pattern...which might just break upwards with the right company results/earnings and or data this week...
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FEK
Super Contributor
Christos/Rams/Frost where are you guys and what's your views ??????
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Terra
Super Contributor
Yes up to 29600 which might be next stop...
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Not applicable
2-30 data out of UsA..my view timber, but will see
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Not applicable
Most US indices showing classic cup and handle formations, which are very bullish and reliable patterns.
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Terra
Super Contributor
After posting this bearish target I felt a little bit stupid with the earning out of the US and their rally...alsi reached 28260
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Not applicable
I am bullish expecting good news will push us through 28950,resistance of top trendline today.I also see that we trading a smaller triangle as a wave 4.The c leg down of the triangle completed this morning.But best is to wait for the jobsdata before trade.
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THRESHOLD
Super Contributor
It will be brisk sunny with a chance of wind.
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