Key reversal levels for January 29

Daily key reversal levels for today:

Daily Current Mode Key (D) MoM (D) Days % Ch.
Nasdaq 4,097.96 4,171.97 -0.56 2 -0.83
S&P 500 1,792.50 1,828.44 -4.62 2 0.08
Nikkei 14,980.16 15,722.78 -5.52 2 -0.74
FTSE 100 6,572.30 6,738.08 -2.86 2 -1.37
DAX 9,406.91 9,557.07 -0.60 2 0.19
Bonds (TLT) 106.99 104.68 9.04 12 3.10
Gold (spot) 1,256.42 1,234.26 2.66 12 0.67
$EURUSD 1.3670 1.3593 0.46 3 -0.18
Oil (CL) 97.41 94.69 3.54 4 0.74

(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:

* Momentum (MoM) is turning down for Gold. So look for a test of the key reversal level at $1234.26

PS: if you are looking for key reversal levels for other world markets or individual stocks, then follow me on Twitter.

Danny

 

Enhanced by Zemanta

By Dan

Author of LunaticTrader and Reversal Levels method. Stock market forecasts based on proprietary indicators, seasonal patterns and moon cycles.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: