Will try to get out the daily key reversal levels a bit more frequently. For the weekly key levels, see my weekend post.
Daily key reversal levels as of today:
| Daily | Current | Mode | Key (D) | MoM (D) | Days | % Ch. |
|---|---|---|---|---|---|---|
| Nasdaq | 4,083.61 | 4,180.22 | 1.65 | 1 | -1.18 | |
| S&P 500 | 1,781.56 | 1,832.07 | -2.68 | 1 | -0.53 | |
| Nikkei | 15,005.73 | 15,781.46 | -3.83 | 1 | -0.57 | |
| FTSE 100 | 6,550.70 | 6,751.87 | 0.14 | 1 | -1.70 | |
| DAX | 9,349.22 | 9,571.76 | 1.54 | 1 | -0.43 | |
| Bonds (TLT) | 106.73 | 104.49 | 8.86 | 11 | 2.85 | |
| Gold (spot) | 1,256.68 | 1,232.94 | 2.73 | 11 | 0.70 | |
| $EURUSD | 1.3672 | 1.3588 | -0.29 | 2 | -0.16 | |
| Oil (CL) | 95.72 | 94.60 | 2.98 | 3 | -1.00 |
(Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: bullish or bearish reversal level | MoM indicator: green = rising, red = falling | Days: days since start of current mode (yellow color: just changed direction) | % Ch: percent change since start of current mode (green = profit, red = loss) | (for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ ) (for information about the MoM indicator, see: https://lunatictrader.wordpress.com/2013/09/14/mom-indicator/ )
Important developments in the daily key reversal levels:
* No changes from the previous day. Waiting for the MoM to signal a potential top or bottom.
PS: if you are looking for key reversal levels for other world markets or individual stocks, then follow me on Twitter.
Danny
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