hello trader’s what do you think about gold) gold fullbacks support levels 2047) Gold if breakoutdown and this weekend looks better news CPI trader’s 2047) support levels and gold mowing fullback 2100)resistance levels)my position 2047) lounges 2100) key levels 2080 key levels 2090 key levels 2100 Gold finished the year at $2,063 an ounce, climbing more...
Hello trader’s what do you think about DXY index )? traders are looking 👀 a 4H tame frame 🖼️ trade line dxy hitting support levels and trade line now dxy bak up ⬆️ 102.381 to 102.573) The dollar index fell to below 101 on Wednesday, the lowest in five months, as markets continued to position according to signs of cooling US inflation, and consequently, incoming...
S&P 500 - Bullish above 4,750, Bearish below - Range: 4,750 - 4,725.
The dollar crept higher on the first trading day of the year as attention turned to economic data this week that may provide clues on the Federal Reserve's next moves, while bitcoin surged ahead of $45,000 for the first time since April 2022. The dollar index DXY , which measures the U.S. currency against six rivals, fell 2% in 2023, snapping two years of gains....
Happy new year. Lets welcome 2024 with proper understanding of market. I have explained my levels clearly in this analysis. If you have any doubts let me know. NOTE: RETRACEMENT SHOULD COME
Please, check our technical outlook for SPX500USD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 4792.3. Considering the today's price action, probabilities will be high to see a movement to 4745.2. P.S The term oversold refers to a condition where an...
Pair : SPX500 Index Description : Completed " 12345 " Impulsive Waves at Daily Resistance Level. Impulse Correction Completed. Breakout of the Corrective Pattern " Bullish Channel " in Short Time Frame and Strong Divergence in RSI
The US dollar fell against its major trading partners early Thursday ahead of a trio of economic releases at 8:30 am ET. The third estimate of Q3 gross domestic product is scheduled for release at 8:30 am ET, at the same time as weekly jobless claims and the Philadelphia Federal Reserve's manufacturing reading for December. Later, the Conference Board's leading...
I expect the S&P to top out sometime in the next couple months (if it hasn't already) before entering a correction period. The channel reflects the 0.88 - 1.13 retracement range characteristic of the pattern.
SPX500 will soon hit A horizontal resistance Level of 4732.26 and After the retest we will Be expecting a move down !
Please, check our technical outlook for SPX500USD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 4766.8. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 4805.8 level. P.S The term oversold refers to a...
📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not. 🏃♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines...
Uncanny resemblance here! Break the highs, run the stops (4860-4900) finish wave 1 up... Top is in place this week or next week. RSI is 82+ and we in extreme greed, time, and price at that point will match wave 1.. #witchcraftmuch Time of wave 2 and 4 also matches and they alternate between patterns/structures: i.e.: wave 2 is a flat correction and wave 4 was a...
SPX500 broke the key Horizontal level of 4588.4 And the index is trading in an Uptrend so I am bullish biased And I think we will see Some further growth !
In Summary: 1. We see 5 waves up and wave1=wave5, and it doesn't matter if it is a 1-2-3-4-5 or a W-X-Y-X-Z. The next move should be down. 2. RSI(7) crosses 88 and based on 3 other historical instances of similar preceding pattern, the next move should be down. 3. The risk-reward is better on the short side than the long side.
As for S&P500 the index retested 4586.00 zone which presented some buying, as far as the long term trend for S&P 500 is bullish I will remain so and look to find buying opportunites only if the index trade above level 4588.00, but if the index break the level 4588.00 I will remain bullish but for me to take the trade I will want the index to trade above 4588.0 ...
I'm expecting more bullish movement into December, There is liquidity residing above the 4600 level, looking for buy stops above 4600 to be taken out. Let's see what the following month has in store. Good luck traders.
—— Part 1 On the right is the S&P500 index (conditionally 1960-85 years). Bitcoin on the left. Stocks used to be as much of a novelty as crypto is now. Facts first, opinions second. Facts: — 1965-70 years. Green zone >>> Economic growth, more dollars, assets grow. But the war in Vietnam continues and world economic growth gradually stops. >>> Now: 2019-21 very...