Im using this algo strategy to commit to a bars pattern from history in the Nasdaq. It seems that theres a high chance for continued pullback in the broader index led by tech and risk equities as bear volume picks up. these are the levels im watching for short opportunities.
ES (US 500) Fibs, Hourly: ES is our main index that provides helps us determine trend. You will notice that this week had a change of character. The market had taken the stairs up, but is now taking the elevator down, with sharp moves coming in a few hours to the downside. Expect more of this. ES pattern at the top is more head and shoulders like. And, unlike YM,...
Hello,Traders! SPY broke out of the rising Wedge pattern and is now Retesting the broken support So we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Buy index when breaking out the 28662.327 on daily chart
The S&P500 remains bullish on its 1D technical outlook (RSI = 60.356, MACD = 47.470, ADX = 36.597) but today is having so far the strongest bearish 1D candle since December 15th 2022. Having hit the 0.786 Fibonacci level of the Channel Up at the start of the week, this can be a technical correction to at least the 1D MA100 if the 1D MA50 breaks. Consequently we...
Analyzing the SP500, I've pinpointed a strategic SHORT opportunity. Technical indicators reveal signs of potential market fatigue, with the index struggling to sustain new highs and forming bearish patterns, such as a head and shoulders, near critical resistance levels. This is coupled with bearish divergences in the RSI and MACD, suggesting a reversal could be...
DAX is almost overbought on the 1D timeframe (RSI = 69.159, MACD = 322.400, ADX = 30.730) and heavily on the 1W (RSI = 76.198), which suggests that the long term trend is massively bullish but on the short term a pull back below the 1D MA50 is needed in order to harmonize the supply and demand equilibrium. The index has already been rejected at the top of the HH...
In my recent analysis of the SP500, I've identified key indicators that suggest a strategic SHORT opportunity is on the horizon. Technical signals indicate the index may be overextended, with potential bearish divergence on the RSI and resistance at all-time highs suggesting a pullback could be imminent. The appearance of bearish candlestick patterns near these...
Big Pattern = Big Moves Long consolidations = Fast Breakouts The #NIKKEI had a beautiful chart pattern and we are seeing the explosive up moves occur in that market. The French stock market - along much Europe hasn't done much for over two years But we are quickly approaching Target 1 of a large --- non conventional HVF Is it monetary stimulus or economic...
TVC:VIX Third 7-years cycle of the VIX index reducing starts this year and will long till the end of 2030. In my point of view, this means, that the level of the greed starts to grow year-to-year, which will have an effect for the potential of the long positions in the long-term period of time. #investing #stocks #idea #forecast #furoreggs #trends #index
As We Talked in The Previous Analysis: The US Dollar Index Reached a Support Level. The Resistance Line is Broken! Currently, The Market Broke The Resistance Level, This Key Level Becomes a New Support Level. So I Expect a Bullish Move 📈 TARGET: 104.810🎯
Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more). Simplifying the complex is the key to...
Exploring the S&P 500 reveals a strong case for a LONG position. As the index reflects broad market health, recent patterns indicate a bullish trend, with the S&P 500 bouncing off significant support levels and surpassing resistance. This upward momentum is supported by positive economic data and robust corporate earnings, suggesting continued growth. With a...
Hello Traders ! On Wednesday 20 March The US30 Broke The Resistance Level (39284.87 - 39080.39). The Price Retreated To The Support Level and Failed To Break it ! The Lower High is Broken (ChoCh). So, I Expect a Bullish Move 📈 TARGET: 39790.00🎯
💵 DOLLAR_INDX, H4 💵 27 March 2024 The Dollar Index, tracking against a basket of major currencies, held firm amidst a wait-and-see sentiment among investors. With anticipation mounting for the release of the PCE Price Index data crucial for gauging inflation and scheduled for Good Friday, market movement is expected to remain subdued. Despite the holiday, Top Fed...
The price landed on a support zone and appears to be slowly forming higher lows. Expecting the price to test the ATH area.
Hello,Traders! DXY is trading in an uptrend And made a pullback and Retest of the new support Level of 104.078 from Where we are seeing a Bullish rebound so I think that we will see A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
💵 DOLLAR_INDX, H4 💵 25 March 2024 The Dollar Index continued its upward trajectory for a second consecutive week, bolstered by the robust performance of the US economy and heightened expectations of interest rate hikes. The potential yield disparity between the US Dollar and other major currencies remained a significant driver, underpinning the greenback's...