Key reversal levels for March 19

Latest daily key reversal levels:

key reversals

(Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W: weekly mode | %Ch.: blue = profit, orange = loss | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )

Comments:

* Several changes in our key reversal levels today.

* Nasdaq has jumped back into bullish mode. But the move is suspect as the breakout happens with MoM remaining to the downside. So could turn out to be a fake out move.

* DAX is the first market that sees MoM turn upwards, so may have bottomed for now. Daily key level at 9451 is now the first upside target.

* Gold and $EURUSD have seen nice rallies in recent weeks, but MoM is turning down on them. That means they probably peaked for a while and are setting up for a test of their daily key reversal levels. Staying cautious as long as MoM goes down.

 

PS: to get the key reversal levels for other world markets or individual stocks, 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: