Dow Jones (DJ30) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 38,159.35 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 37,769.85 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci...
Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38600 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38600 support and resistance zone. Fundamentally we would like to consider the current strong macro context of the dollar as the top performer of...
Technical Analysis and Outlook: During the recent trading session, the Spooz (S&P 500) experienced a dip toward the Mean Support level of 4845 for an excellent Buy signal placement. The prices ricocheted strongly toward the Inner Index Rally level of 4980, reaching a high of 4975. Looking ahead to the upcoming week, we anticipate that the price will fill in the...
S&P500 is only a few points away from hitting the HL trendline of the long term Channel Up (started on the October 13 2022 Low). That would be the second time to test the patterns absolute Top. The 1D technical outlook is on standard bullish levels (RSI = 67.767, MACD = 49.570, ADX = 38.770) but the 1D RSI in particular has formed the very same pattern it did...
Unsurprisingly, yesterday’s FOMC meeting resulted in no change to the monetary policy. Then, during the press conference, Jerome Powell discussed the resilient economy, strong labor market, and persistent challenges to taming inflation. At some point during his speech, the stock market erased its losses and entered a green territory. However, this optimism lasted...
Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 17060 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 17060 support and resistance area. Trade safe, Joe.
Nasdaq isn't overbought on the 1D time-frame anymore but technically it remains bullish (RSI = 63.538, MACD = 210.050, ADX = 41.826) and will continue to be as long as the two month Channel Up holds. It may be supported by the 1D MA50 but if the index follows the late July peak formation and crosses under the 0.382 Fibonacci level, then we expect a technical short...
An update to my previous idea, We see strong down trend in DXY, more dump for traditional market, and also bearish trend in crypto market,... So what are these dollars waiting for? maybe waiting for better narratives or maybe better supports in markets! get prepared and be on call! Sometime ago I have posted this idea: Now we an update to that analysis with...
In tomorrow's trading session, our focus is on US30 as we identify a potential buying opportunity around the 38030 zone. US30, representing the Dow Jones Industrial Average, is currently in an uptrend but experiencing a correction phase, with the price approaching the critical support and resistance area at 38030. Adding to our analysis is the bearish momentum...
Hey Traders, in the coming week we are monitoring US500 for a buying opportunity around 4880 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 4880 support and resistance area. Trade safe, Joe.
Technical Analysis and Outlook: Spooz has completed the Inner Index Rally at 4882 and is continuing its upward movement toward a higher target; the Outer Index Rally marked at 4980. However, once we reach the designated target, there is a possibility of a squeeze that could cause prices to drop to the Mean Support level of 4845. In the meantime, the index may...
Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts. Now looking to the right, we can take note that the JSE has...
Index futures held their ground overnight, and the US dollar's rally is showing signs of near-term exhaustion. And that indicates a subtle change in sentiment ahead of today's open. The DAX found support at its 50day EMA on Wednesday, which is just above the 2021 high. Given a small-ranged bullish hammer formed alongside higher volume suggests a 'change in...
Technical Analysis and Outlook: Spooz's robust movement from our Mean Sup 4745 toward our designated target, Inner Index Rally 4882, is on its way, leaving no fingerprints at the crime scene at the completed Outer Index Rally 4807. The advancement toward a higher target Outer Index Rally 5035 is now in its making. However, once we reach the designated target of...
DJ30 is rising towards a pullback resistance and could potentially break above this level to rise towards our take-profit target. Entry: 37,543.95 Why we like it: There is a potential breakout level Stop Loss: 37,163.35 Why we like it: There is a pullback support level Take Profit: 38,020.69 Why we like it: There is a resistance that aligns with the 127.2%...
US2000 is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1,944.21 Why we like it: There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 1,988.39 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci...
SP500 is trading close to a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 4,740.14 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 4,678.99 Why we like it: There is a swing-low support level Take Profit: 4,803.69 Why we like it: There...
Hello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in a very obvious rising channel formation. Considering that we saw a +50% pump in 2024, the Nasdaq is certainly ready for a (short term) correction back to the lower support trendline which I mentioned in my...