• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

  • Home
  • Start Here
    • Back to Basics of Trading
    • Resource For Traders – The Best Tools for Traders
    • Learn Trading Articles
    • Sierra Chart Resource
  • Blog
    • Blog Posts
    • Other learning resource
    • Dummy Collection
    • Harmonic setups
  • About Me

Chart Eye: SIMSCI daily chart Snapshot: Ended 09-June-2006

by Gav Leave a Comment

Before a new week get started, it is necessary to have a view of Futures market movement retrospectively. It is beautiful, I would say. A downtrend channel has not been violated at all since it was formed weeks ago. From daily chart, short term time frame, I would say, ‘Downtrend is still intact’. There was a small rebound at the end of last week. I am not optimistic about this jump. Very interesting to know that, DJ sank into negative territory last friday, again. Yes, again. I am looking at area between 280 and 282.4 as resistance zone while immediate support level is around 270.7. This is to provide me a bigger picture during day trading.

Here is what my chart eyes see
Directional analysis:
Downtrend intact, possibility of some rebounds exists as it reaches extreme area.
Sentiment analysis:
Remain Negative. Bearish for the time being.

Filed Under: Old blog archive

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Tools For Traders

My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

About Me

Footer

Recommend FX Charting

Recommended Training

FXSAnalytics

Copyright © 2023 · Affiliate Disclosure · Privacy