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NASDAQ at Record Highs after US CPI report, but can it last?In today’s video, we break down the major market moves triggered by the July US CPI report. Headline CPI rose 0.2% month-over-month—right in line with expectations and a slowdown from the previous month. Year-over-year, headline inflation came in at 2.7%, just under the 2.8% forecast, while Core CPI rose 0.3% MoM (matching forecasts) but was a bit hotter at 3.1% YoY (vs. 3.0% expected). These “not as bad as feared” inflation numbers kept hopes alive for a September Fed rate cut, pushing the odds of a cut to 96%. Markets responded strongly: the NASDAQ 100 closed at a record high, just shy of the 24K handle, with broad gains in tech and communication stocks, as traders bet on a more dovish Fed. We also cover the technical setup for the NASDAQ 100 and key risk factors heading into the second part of August. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:NAS100Long
by ThinkMarkets
PVR INOX LTD at Best Support !! Breakout Alert !!Here are two charts of PVERINOX — one in the 4-hour timeframe and the other in the 1-hour timeframe. 4-Hour Timeframe Chart: In the 4-hour timeframe, Power Inox is respecting its lower boundary, with a support range between 930–950. ChatGPT said: 1-Hour Timeframe Chart: In the 1-hour timeframe, the stock has given a breakout and has now completed a retest at 980-990 level. If this level is sustain then , we may see higher in PVRINOX. Thank you !!
NSE:PVRINOXLong
by FiveCircles
Bitcoin Ascending Broadening Wedge (4H)After a clean breakout above the macro downtrend, BINANCE:BTCUSDT rallied into its supply zone — but price action has since become increasingly volatile, forming a rising broadening wedge (also known as a megaphone pattern). Pattern Insights • The structure is defined by diverging trendlines, with each swing becoming larger and more erratic. • This pattern often signals instability or exhaustion, especially near key resistance. • While it can break either way, broadening wedges in an uptrend frequently resolve to the downside, especially when supply is overhead. Key Levels • Resistance: ~$ 98K-$99.5k supply zone — the upper boundary of the pattern. • Support: ~$93.5k area — prior S/R, potential flip zone. • Reversal: A breakdown below ~$93k could confirm a short-term bearish resolution and open the door to ~$88.5k. • Continuation: A breakout above the upper boundary with volume could trap shorts and ignite a squeeze toward new highs. Until then, BTC remains in a high-volatility structure, best approached with caution or as a range-trading opportunity.
by AliferCrypto
Market Outlook for 2025: SPY Price TargetsMarket Outlook for 2025: SPY Price Targets As we navigate through 2025, investors and traders are closely monitoring the S&P 500 ETF (SPY) for signs of where the market might head. Here’s a detailed monthly breakdown of expected price movements: January: Downside Target: $574.15 Upside Target: $593.15 Outlook: The new year begins with a cautious note, with a narrow trading range expected. The market might see early profit-taking or a response to late-year 2024 policy news. February: Downside Target: $563.75 Upside Target: $589.13 Outlook: February might continue the cautious trend from January, with potential for a slight recovery if early-year economic indicators are positive. March: Downside Target: $561.78 Upside Target: $601.45 Outlook: Spring might bring some optimism, with the upside target suggesting a possible rally, perhaps due to seasonal adjustments in investment strategies. April: Downside Target: $538.23 Upside Target: $567.03 Outlook: This month could see a dip, reflecting concerns over quarterly earnings or macroeconomic data. However, the upside potential indicates a possible quick recovery or stabilization. May: Downside Target: $549.27 Upside Target: $592.61 Outlook: Traditionally, May can be volatile, but the significant upside target suggests optimism, possibly fueled by positive corporate guidance or sector performance. June: Downside Target: $572.31 Upside Target: $614.92 Outlook: Summer starts with promise, with a wide range between targets, indicating potential for significant market movements based on mid-year reviews or policy changes. July: Upside Target: $618.20 Downside Target: $597.21 Outlook: July might see continued growth from June, with the upside target slightly higher, suggesting sustained investor confidence. August: Upside Target: $623.45 Downside Target: $593.93 Outlook: The summer could end on a high note, but with a notable downside risk, reflecting market reactions to economic reports or geopolitical events. September: Downside Target: $598.52 Upside Target: $615.57 Outlook: Historically, September is a turbulent month for markets. The narrow range suggests cautious trading with a slight bias towards an upward trend. October: Upside Target: $629.96 Downside Target: $597.17 Outlook: October might see a recovery or continuation of September's trends, with a significant upside potential if the market absorbs positive economic news. November: Upside: $631.56 Downside Target: $618.20 Outlook: Late-year optimism could drive prices up, with the downside target still above previous months' peaks, indicating a bullish sentiment. December: Upside Target: $645.83 Downside Target: $632.32 Outlook: The year might end on a high, with both targets suggesting a market that's resilient or buoyed by end-of-year adjustments and holiday spending. Conclusion: This outlook for 2025 suggests a year of volatility with significant potential for both gains and corrections. Investors should remain vigilant, adapting to both the micro and macroeconomic environments, and be ready to capitalize on or hedge against these projected movements in SPY. Remember, these targets are speculative and should be used in conjunction with broader market analysis and individual investment goals.
AMEX:SPYLong
by Dhandhoche
1
"Scenario B" for Potential Bearish of Broadening WedgeThe 1st scenario is Broadening Wedge with rebound and break resistance, and then raise to another record with possible to break $2700 first. In this "scenario B" , I try to make some exception for the resistance. Concern the resistance is too strong after the rebound, therefore we will find the correction until it break the support. After that we will find some retrace or swing high about 50% of last wave, and continue with the pressure to 2614 which is known as point B or point 2. After the dip correction, please becareful with new demand probably will push the price for another uptrend. Well at least it corrected first before making new high on NFP next friday, right?
OANDA:XAUUSD
by irpansupiandi
ADA - A good opportunity for LONG tradeBINANCE:ADAUSDT (1D CHART) Technical Analysis Update ADA is currently trading at $0.6642 and showing overall bullish sentiment. Currently ADA has formed a broadening wedge pattern and now the price is bouncing from the support line. We have a good opportunity a long trade. Use smaller capital than normal Entry level: $ 0.6639 Stop Loss Level: $ 0.5606 TakeProfit 1: $ 0.72 TakeProfit 2: $ 0.79 TakeProfit 3: $ 0.88 TakeProfit 4: $ 0.96 Max Leverage: 3x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Vuvuzela Pattern for the JSE ALSI 40 target to blow up to 75000 Well, well, well, we've identified the tumultuous and monotonous pattern on the chart finally. It's known as a Broadening Triangle or what I call a Vuvuzela Formation. The price diverges instead of converges in a triangle pattern... Now this can be a continuation or a reversal pattern. It all depends on the breakout. Looking at the D&S and liquidity it looks like the JSE really wants to break above the formation and head to new highs of the year. 75,000 is a decent first target... Also with Smart Money Concepts we can see there is a Sell Side Liquidity Order Block showing how Smart Money is sweeping selling and buying into it, hence there isn't a major push down in price just yet... I'm bullish with this Vuvuzela. Now we need the JSE to blow up.
JSE:J200Long
by Timonrosso
1
📢 The Broadening FormationA technical chart pattern recognized by analysts, known as a broadening formation or Megaphone Pattern, is characterized by expanding price fluctuation. It is represented by two lines, one ascending and one descending, that diverge from each other. This pattern typically appears after a significant increase or decrease in security prices and is denoted by a sequence of higher and lower turning points. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work. 🔹How to identify Generally, the Broadening Formation consists of 5 different swings. But the swing has to have a minimum of two higher highs and two lower lows. A trend line is drawn by connecting point 1 and point 3 while points 2 and 4 are also joined together to draw a line. These two lines create a shape that looks like a megaphone or inverted symmetric triangle. These swings’ highs and lows have to close above or below its pivot line and therefore they will create swing high as pivot high (R1, R2, and R3) and swing lows as pivot lows (S1, S2, and S3). A breakout occurs when the line does not respect its support or resistance line and closes outside the shape after making the 5th swing. 🔹Volume Volume plays an important role when it comes to the recognition of this pattern. In the Broadening Top, volume usually peaks along with prices. An increase in the volume, on the day of the pattern confirmation, is a strong indicator. 🔹Failures This pattern also can be traded when it fails but is necessary to identify the failure perfectly. A failure can be spotted when it fails to break the trend line (upper or lower as the case may be) after completing the 5th swing. Suppose in a bull market condition, this pattern is formed and if it fails to break the upper trend line, traders go short when the price goes below 3rd swing high (R2). Similar is the scenario, when the market is in a bear phase and it fails to break the lower trend line (S2), traders take a long position when the price closes above the 3rd swing high. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
PEOPLEUSDT broadening pattern in ActionThe price is testing the daily resistance inside a broadening pattern. At the moment the price is testing the 0.5 Fibonacci level on the Daily timeframe. How to approach it? IF the price is going to have a clear breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
⚠️⚠️ ✔️ OR ❌️ ? Is it the bottom for #bitcoin? ⚠️⚠️Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have at least bought "A" bottom here. This abrupt price drop also has now created a broadening edge pattern, which typically will break to the upside when formed at the bottom of a downtrend. All of these confluences may just spell the final bottom price for $BTC in the short term and validate my "inversion-curve" theory. Of course this can still be invalidated by a close below the inversion-curve line. If that occurs, I would still believe an inversion could be possible, but over a much longer time period. In that scenario, my target range for a price bottom would be between $10,770 & $12,694. #btcinversion #btcbottom *These are my personal opinions, based on chat data. This is not financial advice.*
BITSTAMP:BTCUSDLong
by DoozerInvest
2
Elrond (EGLD) Surged 24% Today as the Broader Crypto Market SlipToday, the cryptocurrency project Elrond saw a surprising double-digit surge of 24% in the price of its native coin EGLD. In contrast, the overall crypto category slipped 2% as investors processed through the Federal Reserve's decision yesterday to increase interest rates by 0.75% -- marking the largest single-day hike since 1994. EGLD is often called eGold, which seems fitting today as its price across cryptocurrency exchanges jumped as high as $57.50 over the past 24 hours -- it has retraced a bit since then, however. It also had a whopping 85% pump in trading volume over the same timeframe as a mini-FOMO run that appears to be occurring around one of the few bright spots today within the crypto space. At the time of writing, most other cryptos in the top-10 projects based on market value were trading down including Bitcoin, Ethereum, BNB, Cardano, and XRP. By comparison to those other blockchains, Elrond's website boasts that it's 1000 times faster than it used to be and able to process 15,000 smart contracts per second while providing settlement for each of those transactions in seconds for only fractions of a penny.
BINANCE:EGLDUSD
by Roberto411
ES1!/SPY Short - Broadening Decisive Break - LOPMAYou short, anon? Lots of evidence pointing to the downside here. (I am currently aware of a bug for people viewing my posts on various devices where they see nothing. Something to do with my firefox configuration which I will fix soon, until then you can visit my chart link to see my charts if unable to see here) I think we have only just started downside similar to the covid crash, evident by a few metrics. Things such as the daily candle gap of today's candle (similar to covid crash), My homemade indicator showing deviation bearishly and printing of multiple instances of hidden bear divergence. So much to say, such little time... Good luck, have a great one.
CME_MINI:ES1!Short
by DYOR_Analysis