Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 33700 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 33700 support and resistance area.
Trade safe, Joe.
Decline for the US technology stocks index, closing the session sharply lower with a loss of 1.83% from previous values. The start was weak for the index, which began the day at 14,744 points above the previous session's bottom, only to worsen its performance throughout the meeting and end even lower at 14,565.6, the session's lowest level. The technical picture...
DAX touched the bottom of the Channel Down today and immediately reacted positively. The 1D timeframe is bearish technically (RSI = 33.050, MACD = -53.850, ADX = 44.059) but the RSI double bottomed inside a Zone same way it did on the August 18th LL. We are long, aiming at a +3.73% rise (same as August) as so far the bearish legs at least have been symmetrical. We...
Hello community. The Fed's goal is to promote maximum employment and stable prices. So in recent times the Fed has rapidly hiked rates by 5-¼ percentage points while also reducing their security holding by $1 trillion to help influence inflation expectations.
Large companies like Amazon, Meta, Alphabet, Microsoft, Salesforce and many more began cutting their...
The S&P500 is technically oversold on the 1D timeframe (RSI = 32.251, MACD = -54.210, ADX = 44.088) but is gathering some bullish momentum on 4H (RSI = 41.446) as the price hit the 1D MA200 and bottom of the Megaphone to form a LL. In addition, it hit the 0.5 Fibonacci level from March's low. This has high chances of evolving into a technical LH rebound,...
Hi Fellow Trader/Investor,
The Dow Jones 30 has exhibited a consistent downward movement since encountering significant resistance. Subsequently, the price has broken out of the bullish channel and the dynamic support area represented by the EMA 90 Line, signaling a continuation of the bearish trend. An in-depth analysis of price action suggests a potential...
Nasdaq 100 began the trading week with strong sell candles and eventually enters a bullish trend at the open of the New York trading session yesterday. We have NFP on Friday so we should expect high volatility at any point in time this week and trade with strong risk management. Nasdaq 100 closed slightly Lower yesterday with bearish candles. We should see strong...
Trade Idea for SPX500
Bias: Very Bearish
Overall Score: -7
Commitment of Traders (COT) Bias: -1
Institutional traders are showing a mild bearish sentiment towards the S&P 500.
Retail Sentiment: 0
Retail sentiment is neutral, suggesting no significant directional bias from this group.
Historically, this time of year exhibits some bearish...
Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 147700 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
Hey Traders, in tomorrow’s trading session we are monitoring US30 for a selling opportunity around 34150 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 34150 support and resistance area.
Trade safe, Joe.
Technical Analysis and Outlook:
Based on this week's trading action, the Inner Index Dip 4212 seems to be experiencing a bias to a continued downward side pattern. The Mean Sup 4246 is playing a crucial role in holding the price. But, there's a chance that the market could rebound to Mean Res 4340 and even extend to Mean Res 4400 on the upside potential.
The stock had been on a steady fall in price but that recent change in trend by a new higher highs is an evidence that weather its a pull back or bullish move is ready for a continued move that may reward bull traders with lots of pips reward,
According to DANCOLNATION CAPITAL trading strategy, we are to wait for a new retest as shown by our arrow movement then...
We all know that global indices have been under pressure whilst the US dollar and bond yields scream higher. But with the S&P 500 respecting key levels of support and forming a bullish hammer on Wednesday, perhaps it is time for at least a sympathy bounce?
Furthermore, the hammer low perfectly respected trend support and closed above the 200-day EMA, with a...
Time to leave the short-term charts for S&P500 (SPX) aside and look again at the long-term ones as the price failed last week to recover the 1D MA50 (blue trend-line) and is extending this week the decline towards the 1D MA200 (orange trend-line).
** Higher Lows and 2-year Supply/ Demand Zone **
It hasn't yet hit the Higher Lows trend-line that started on the...
BUY ABOVE - 44780
SL - 44680
TARGETS - 44890,45000,45180
SELL BELOW - 44550
SL - 44680
TARGETS - 44420,44250,44100
NO TRADE ZONE - 44550 to 44780
Previous Day High - 44780
Previous Day Low - 44550
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle...
Dow jones has been on a bearish trend since the close of last trading week and the beginning of this week. Dow jones should open bullish at the open of the New York trading session today after having strong bears the previous day.