CAC 40 : Sell in May and go away !

[jeanjean1983]

pas de short !!!!!!!

[BENNOUNA]

comme ca c est clair---pas de short; trop risqué par contre de jouer cette derniere hausse si nous sommes tjs en 5;à moins de mettre son stop sous 53

[almunime]

Bonjour

Est-il possible que ce soit une vague 5 en biseau.

[jeanjean1983]

ca on aura la reponse à la fin impossible a anticipé c'est comme les triangles

[ngu yen]

Bravo JJ les 4474 j'y crois maintenant voire les 4500 .

[jeanjean1983]

MT/LT long trade in 4100/4085/4077 stop 4050 daily close target min 4336 on current levels

Update: Trainling stop tighted to 4080 daily close, next change if 4205 reached (first target), target MT 4336, target 2 MT 4394 , target LT1 4473

Update 2: 4205 first target reached, Trainling stop tighted to 4120 daily close, next change if 4265 reached (next CT target), target MT 4336, target 2 MT 4394 , target LT1 4473

Update 3: 4265 CT target reached, Trainling Stop adjusted to 4180 daily close next change if 4336 MT target 1 reached (first taking profit level for the MT strategy), target 2 4394, Target LT1 4473

Update 4: 4336 MT target 1 reached taking profit 40% of the MT/LT position, Trainling Stop adjusted to 4215 daily close next change if 4280/50 reached in setback to add a CT position stop 4215 or if 4394 to adjust the stop. Next target 4394 MT2 , Target LT1 4473

Update 5: 4394 MT target 2 reached taking profit 80% of the MT/LT position, Trainling Stop adjusted to 4245 daily close next change if 4315/4290 reached in setback to add a CT position stop 4245 or if 4473 to take profit 100%. Intraday short position recommanded as long as 4407 remains resistance to play setback to 4315

Update 6: CT setback has been done reaching 4320 in overnight session, CT long position not triggered (4315 entry level). Trailing stop MT/LT long position adjusted to 4305 expecting last push to 4473.

Caution: 1H, 3H toppish configuration with divergence, bullish momentum in exhaution. I will close the long MT position in this last push and turn Neutral (wait and see for new clear configuration)

Opportunity Intraday: short below 4408/4410 target max 4330/25 - Intraday long if 4330/25 reached stop 4305

Update 7: Range in wave 4 in progress (swing CT configuation between 4408 / 4305 in progress) - Stop MT must be readjusted to 4275 daily close to target 4473 to avoid any spike CT move (target max Wave 4 38,2% 4285 c=a 4305). Intraday spieler keeps 4305 stop (touch) regarding R/R to play up swing to 4408.

update 8: 4305 support hold yesterday, MT stop readjusted to 4305 daily close - Intraday long stop adjusted to 4318 - First target 4408 and 4432 max 4474 final target of the set up in progress. = STOP adjusted 4330 in session

update 9: 4408 intraday target reached (upside swing in common part) taking profit level. Short term neutral waiting for 4432 to fade step by step on the MT basis (= taking profit step by step between 4432 and 4474. Stop adjusted at 4370 daily close

View reminder: wave 5 of c/ of (b) in progress expecting last push down after reaching 4432/4474 in extension - Selling signal (tom demark) not triggered = Too soon to short.

Final update of the MT bullish swing move: 4432 reached and close to 4474 - Taking profit 100% of the MT and CT bullish position. Perfect set up realised.

Now turn neutral on a MT basis between 4330 and 4516/33. For the agressive swing trader MT and CT possibility to shoot 4474 stop 4533/40 target 4330 and in confirmation by breaking this support further downside move to 4227/4140

Im out on MT basis, i will attend a short on CT (small position in contrarian strategy) with 2 entry level 4474 (1/3) and 4514 (2/3) stop 4540

It was easy money ... Im happy



Tchuss

[fidji]

Nice play JJ

[cale]

merci jj pour cette mise à jour ;une position short possible sur les targets de 4474- contrarien

[mimi]

jean yves

[cale]

le point haut a été fait sur le cac ;la cassure des 4421 en hourly close en sera la confirmation

[cale]

double top sur 4475 et attaque baissiere sur ce niveau;meme si la seance est loin d etre finie on est en train de former un bel avalement baissier ...à confirmer en cloture quotidienne

[cale]

la cassure des 4408 en intraday valide une baisse plus importante la target min à 4353;

[jeanjean1983]

Update CT short trade CAC40

swing down in progress and 4330 target/conf level reached. Further downside move expected holding below 4390/4370 and breaking 4330 to open 4227 and 4140

[cale]

la cassure des 4330 doit elle prise en compte par une cloture daily ?

[jeanjean1983]

yep