Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 17860 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 17860 support and resistance zone. Trade safe, Joe.
Technical Analysis and Outlook: The S&P 500 index has reached and surpassed our Inner Index Rally 4980, and we expect it to continue to rise in the upcoming week. Our projection is that it will fill the five-handle gap to reach an Outer Index Rally 5035 and then continue to Inner Index Rally 5072. However, we anticipate potential pullbacks in the market at this...
On the U.S. stock market front, there has been a significant increase in the S&P 500 index, which closed the session with a gain of 0.76% compared to the values before January 29. The opening was in line with the closure of the previous session, but during the day, there was a strengthening, culminating in the closure near the day's highs. Analysis of Status and...
The S&P 500 (SP500) could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 4,988.64 Why we like it: There is a pullback support level Stop Loss: 4,972.59 Why we like it: There is a pullback support that lies close to the 38.2% Fibonacci retracement level Take Profit: 5,018.02 Why we like...
The ASX 200 cash market rose for a second day, although the SPI 200 futures closed flat with a potential bullish pinbar on the daily chart. The 1-hour chart also shows a potential bull flag, which projects a target around 7640 (or the Feb 2nd overnight VPOC - volume point of control). For today, bulls could seek pullbacks towards 7580 - 7587 (overnight VPOC) in...
Hey Market Movers! 🚀 Peep this - we're staring down the barrel of a fascinating setup on the US100 1-hour chart. It's shaping up to be a real cliffhanger! 🧗♂️ We've got a rock-solid ascending trendline that's been propping up prices like a champ. But that's not all, folks - check out that tantalizing resistance zone overhead. It's been playing hard to get, but I...
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...
"Observing the US30 4-hour chart, Elliott Wave theory suggests we are potentially at the start of a corrective phase after completing an impulse wave. The completion of the wave (5) indicates that a correction in the form of wave (a) may be underway. The Fibonacci retracement levels drawn from the bottom of wave (4) to the top of wave (5) provide potential targets...
Market analysts and investors, direct your attention to the US30's hourly movements, where a classic Rising Wedge pattern has taken shape. This pattern, typically a bearish signal in an uptrend, is formed by the price making higher highs and higher lows while converging into a tightening space, as outlined by the green trend lines. Currently, the index is teasing...
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...
n this analysis, we've meticulously charted the ebbs and flows of the market, identifying a classic five-wave impulse followed by a textbook ABC correction. The impulse waves, marked (1) through (5), illustrate a bullish trend with increasing enthusiasm, while the corrective waves (a), (b), and (c) reflect the market's natural breath — the inevitable ebb that...
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...
BANKNIFTY is currently trading at the major price level which acted as a support in 15 & 30 NOV 2023.
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...