The euro currency remains well supported against the US dollar in early Monday trade, following a dovish speech from Federal Reserve Chair Powell on Friday. The EURUSD is expected to advance higher on an intraday basis while the pair trades above the 1.1410 level. A daily price close above the pairs 100-day moving average is essential for further technical buying ...
If SPX crashes to 100-Year-Bottom channel, it would probably rebound to the current channel.
Bullish case would be to rise up to the 10-year trend line.
Mild bear of another 15% drop would still result in SPX in current channel.
NAS100USD is approaching its support at 6505 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 6954 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 7.09%.
The euro currency continues to press higher against the US dollar in early Friday trading, with price now holding above the 1.1600 level. The MACD indicator is trending higher on the daily time frame while the EURUSD pair is still exhibiting bullish price-action. Buyers are currently aiming for the pairs 100-day moving average, while sellers need to close the week ...
Nasdaq 100 NDX
Reading 2578 now - can come back to 7569 on the open but
should hold hold up here if the day is to remain a good
one....think it will be after a twitchy start. Marketmakers
need to try shaking the tree to get some stock on
board...don't think they will shake out much though - which
should bode well for the rest of the day if correct.
The resistance level that was just broken into is also a psychological level of significance due to the fact that the price at this level is $100. This number usually hold some importance on many stocks. This stock has proven to hold this price level as an area of significance. DG (Dollar General) was also in a similar position not too long ago.
Right guys, I really do think that we're in for a short.
I've been waiting for some time on this short to be totally honest, prices could potentially drop down to lows of 6975.0
Let's wait and see!
I believe we may be near a market top, if you are like me you may be wondering where to sell. This is my attempt to analyze the current moves. I do think that the stock market is nearly in danger but that being said, it is definitely not a certainty that we have hit the top. I am not counting on any new highs though because in my opinion, we have already hit ...
I've got a bearish approach all the way, I believe that we're going towards the downside targets of 6700.0.
Of course, prices could respect our current support level at 7000.0 and break to the upside in which I've got a buy entry placed as insurance at 7160.0.
I strongly believe prices will plummet down to lows of 6700.0/6400.0/6300.0.
Positive on all time frames
Has broken out above historical high
Has broken and closed above psychological $100 level
This was done in mild volume, so volume confirmation would be welcome
Buy the breakout in half size
Stop loss at 92 and 88
Expected timeline for this trade 7 weeks
Please mind macro numbers (CPI today) and only ...
Nasdaq 100 Index NAS100
Although we managed to squeeze 299 points out of this short
yesterday we could have got another 150 or so more had we
stayed with it al the way down to the dynamic which has once
again saved it. In doing so it has fallen 11% (6258 is 11% off
the top, the low was 6254, not bad). A standard 'correction'
runs to 9-11% and a bigger one ...
Nadaq 100 Index: NAS100 Next Buy and Sell Points
The last 3 declines on Nasadq were 339, 357 and 345 points.
This one is now 354 points, so far - par for the course.
Nasdaq is now flipping within the boundaries of the two fixed
lines of support at 6696 (spiking below here by 20
points to 6676) and resistance at 6786 (spiking above here by
19 points to ...