It didn’t take long for the major indices to get back to all-time highs, as they began this shortened holiday week with a solid rally on hopes for a trade deal. The prospect of renewed economic growth and favorable monetary policy have also played some roles for the rally. Overnight, DOW rose 0.68%, but lagged comparing it with S&P 500 and NASDAQ. Obviously, the...
No sentiment offered this time. Simply sharing interesting information surrounding market’s channel since 2008, recent wedge, and volume indicator’s similarity to March 2000.
In this video update, we take a look at the USD and how the recent weakness is affecting other markets. We also talk of using the strategy more recently on the Dow Jones and how it would have played out in your trading.
Published via phone. Trade based on your risk tolerance. I’ve recently published similar BTC-Index ideas but this one takes the cake. Regardless of whether a true correlation between BTC and indexes exists, the confluence of charted price, fib levels, and indicators should grab your attention. Price represents Bitcoin’s price deviation relative to Index...
IWM, a fund that tracks the small cap Russell 2000 index, has been trading in a range for the last few months. When the large caps broke out above their all-time highs, the Russell held back and stayed range-bound. Today, however, the fund broke out above the top of that range at 161.11. Assuming that it confirms the breakout by closing the day above that price,...
For weeks, stock investors have been riding the waves of positive chatter on the trade deal, better-than-expected earnings, and a third rate cut by the Fed, to record highs. But please remember that it’s a two-sided game. The same events that drove indexes higher may be signaling they are ready to take back some of those gains. Looking ahead notable earnings...
In this video, u will learn Dax & EU50 accurate entry place.
hey guys, gold is going up following the recently posted trading plan. market is coming closer and closer to the first strong level of resistance and we can expect some retracement from the underlined zone. our potential reversal zone is 1484 - 1488 area. Look for a signal inside this area to short the market. Target level will be 1472
The momentum of the index has increased since the middle of August. But yesterday was a particularly bearish day for the German auto sector, as the markets responded to negative chatter from Beijing on trade. The DAX30 index remains stuck in a narrow 13,100 - 13,300 range that has been in place for almost two weeks. The sideways consolidation can continue for...
S&P500 is close to a strong zone of resistance 3130 - 3160. I will be looking for a reversal formation inside this zone to short the market expecting the retracement to the support of a rising channel. *don't trade aggressively and act only after the confirmation.
US equities rallied last week to new record levels with the Dow Jones Industrial Average breaching 28,000 for the first time. Soft economic data, Trump’s impeachment hearing, Hong Kong protests, and Middle East unrest were all considered secondary factors in investment decisions. Today European stocks kick off a new week a little flat, with more talks between the...
buyers keep pushing the market higher. currently, we are trading on the noman's land. in my view, the first decent zone of resistance is the 275 - 300 area. it is based on the projected harmonic movement based on the previous bullish impulse and 1.272 fib extension. the retracement can be expected to 240/220 levels.
Daily chart showing upward movement and there is probability dollar will continue going up to previous highs. Seems like they will figure out how to put good deal on the tariffs and DXY will continue to rise.
morning traders! NASDAQ is on its way to retest the market high the third time this year. 103.0 - 106.0 is a decent area of resistance and bets are high that we will see a retracement from it. Target levels will be 100 and 96 *also note that the previous daily candle was quite strong for this reason, it is preferable to wait for a confirmation before taking...
While the FOMO effect kicks in for equities, the US indexes are making new fresh highs in the midst of renewed trading war uncertainty. Lower rates are indeed boosting stocks, but we are coming closer to a point where things may turn South at least for the near-term. SPX has more room to go up, but I would expect the movement to be limited at the marked point.
hey traders, 3130 - 3160 is a decent resistance area. I will be looking for a short trade from this area. The price might retrace to a recently broken structure level 3030 and continue falling bit lower to 2980 before further bullish continuation. !Trade only with confirmation!
DAX is on its way to retest all time's market high. I think that this time we may see a fake structure violation before the retracement from the underlined resistance. Pay close attention to the market when it enters the underlined area and look for a "W" formation to open short. *I am not suggesting to catch a big wave. Just a small retracement to a recent...
DAX is on its way to retest all time's market high. I think that this time we may see a fake structure violation before the retracement from the underlined resistance. Pay close attention to the market when it enters the underlined area and look for a "W" formation to open short. *I am not suggesting to catch a big wave. Just a small retracement to a recent...