CFD Trading Indices Video Report 10 March 2014 Indices CFD Trading Tradinglounge FREE TRIAL Global Technical Analysis - intraday daily weekly monthly Trades NYSE NASDAQ LSE ASX Forex Commodities metals softs energy. S&P500; CFD 1878 TradingLevels: A move below 1872 would confirm an abc correction to the 61.8% at 1855 Elliott Wave: I know having three different wave counts is not very helpful, but its just a junction we have to work through, two of the wave counts are much the same and they offer much further upside from above the 1850, but the other count has Minor Wave 5 top in place and would see a much larger correction starting with 1,737 the Minor Wave 4 low. For the time being we will work with the market staying above 1850 as an A)B)C) Wave ii retracement Trading Strategies: Buy the A)B)C) Wave ii retracement back in SG2 1880|1872|1865 and as low as 1855 the 61.8% retracement, The norm would wait until the market trades below 1872 then develops support on 1872. The other possible and more positive path is the market simply developing support on 1880 and if this is the case then trade up from there, this is possible as long as the 1872 holds as support, a breach of this level means the market will correct lower DJI CFD 16,447 TradingLevels: Resistance 16,500 the Mediumlevel ML65 Elliott Wave: abc at 16,500 Trading Strategies: Expect corrective price action at the mediumlevel, only after its support can we look at longs. the reaction from the 16500 on the five minute chart you can see five waves down, this should be followed by and abc then another five waves down DAX CFD 9394 TradingLevels: The wave count is unclear but has a bearish bias as the cash market made a new low, the CFD hasn't yet... if the 9500 becomes the support then we have a positive market. But as it stands we can be in Wave C) of Minor Wave 4 lower to the MediumLevel 9000 FTSE CFD 100 6740 TradingLevels: In the big picture the current high is roughly the 2000 and 2007 highs and the current market is struggling here, the wave count is still positive in Elliott terms but is struggling to hold. The mediumlevel 6,500 is the support, but a breach of 6600 would also be used as swinging the market bias lower. Intraday; the 61.8% retracement is roughly 6600; if the market did push up from here it's the 6800 support that would off the safer trade. The 6700 is the current support and the market can move up off that support and that's fine if it does, however a break of the 6700 sets up the 6600 target Elliott Wave: Unclear Trading Strategies: 6800 support for long, if the 6700 break then short to 600 Shanghai Comp Shanghai 2,059 The corrective bounce will continue retesting 2100 ASX 200 CFD 5450 TradingLevels: Friday made a new high, but on lower volume, the last two sessions have been up but both on lower volume, in fact last week was high but on lower volume. A break below 5450 on the cash would confirm short term weakness, but while the market is above 5450 then it's at least supported Elliott Wave: The move up last week from 5334 to 5483 is in five waves, so the 61.8% retracement is back at 5400 there is support at 5430 Day Trading Strategy: Long on 5465 support and the 5450 is the line in the sand, a breach of this can see the market lower at 5430 -- 5400 in three corrective waves as Wave ii

• published: 23 Mar 2014
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