Professional analysis and strategy, hopefully will help youS&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39by Sherry-MkUpdated 1
Good analysis and advice. Maybe we should waitWe should wait for the US30 to break through the pivot point for a potential breakthrough.by Sherry-MkUpdated 0
Wait for the correction down on SPX500USDHi traders, Last week SPX500USD went up some more. For next week this pair could go up a little more but we could see the correction down soon. Trade idea: Wait for the finish of a correction down to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading0
Nasdaq 100 may fall to 18230.00 - 18380.00Nasdaq 100 may fall to 18230.00 - 18380.00 Trade Nasdaq 100 with us Today and Get Daily Trading Signals: shorturl.at NShortby ggm2541
Is The Market Ready to Bounce?- EGX100 is down around 27% from its high. - Today it hit a very important level, the 200 day MA which was tested before on March 2023, and also if we measure the fib level, we find that it retraced to a 50% level. - This also occurs while EGX30 hitting its 200 day MA as well. - Now we can never know for sure if this bottom or not, but we can be prepared for both scenarios. - Resistance overhead @ 8500 if this can be breached, the way is clear towards the 9000 level, and this a very critical level, as anywhere between 8500/9000 the sellers may show up again and try to push the market down. - If buyers manage to break the 9000 level, the probability that this is a bottom is high, with only the level between 9300-9700 will be left to confirm the continuation of the bull trend. - Pls note that currently the market is considered on a downtrend with 20/50/100 MA all pointing down. - Not a good advice to reenter those tickers that became so cheap, look for the ones that were holding their levels as those are the ones with higher strength comparing to the market. - It's always better and safer to wait until the market confirms the bull trend before buying.Eby ImSamTradesUpdated 2
DXY, on the move United State Dollar index is about to hit the 103.400 psychology level Longby opare670
us 500 retested ready for buyus 500 broke the resistance and tested this resistance. The next target is 5370 USD, which is the 1.272 level of Fibonacci. I think you can open a buy position by placing the stop loss at 5275, which is the Fib's 1 level.Longby foxforex31
SPX - don't be so bearish matehi traders, SPX is correcting and many traders becoming super bearish here. Don't panic here! Let's make a plan! We expect SPX to retest high from January 2022. 4800 could be a great entry for a long position. It's a Golden Pocket Fibonacci therefore some buying pressure may be expected. Retesting this level would be very bullish as it's previous resistance so now it's time to retest it and confirm it as support. From there, more upside is likely. The next target is around 5900. Time will tell but feel free to leave a comment and share your opinion ! Longby vf_investmentUpdated 3
DOW jones grain indexFor quite long time the commodity grain index are under pressure but things might be on change for grains.... for moment its a buy!Longby diegotrader99881
DXY Will Move Lower! Sell! Here is our detailed technical review for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 104.752. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.081 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 111
Whats Next for the Dollar Index?Dollar has been clearly in this long term up trend showing strength, But Currently showing weakness, or possibly just a correction after an impulsive move to the up side. Dollar is currently sitting at a previous level of resistance now used as support. As long as it respects this area and does not continue pushing further pass this level we could see the continuing strength of the Dollar.Longby Fawlcan110
You can't miss professional analysis and strategy!May 13-18 is a super bullish sweep before ATH creates a new one. Further upward momentum needs to be reversed. The CPI OB looks likely to be a sustained bullish zone. When the price decides to trade in this area, it will expand to 15 m /5 m, which can gain a lower TF scalp or enter the highs of the current week.by Sherry-MkUpdated 1
SELL US 30Perfect opportunity to sell US 30 SELL AT 40010 - 40050 TARGERT 39800 - 39600 -39500UShortby ZIYADAVAKHIDOVAUZ1
Dow Jones Index (US30) Get Ready For Breakout Dow Jones closed this week, approaching a horizontal resistance based on a current All Time High. Because the trend is strongly bullish, probabilities will be high that the price will break that. Daily candle close above the underlined area will confirm the violation. A bullish continuation will be expected then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader113
US30, DowJones. Weekly trading levels 13 - 17.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no arrows with direction), so zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Comments are welcome. Feedback is very important to me!by Forex_HobyUpdated 4
Bullish for USD indexI still focus for bullish momentum for USD . Dollar still strong. Trade with own risk.Longby HafizwavetraderUpdated 226
What happens when the VIX peaks above 20?Tom Bowley always reminds traders and investors to watch out when the VIX spikes above 20. I looked at what happened to the SPY since the GFC whenever the VIX moved up above 20 (with gusto) on a monthly basis and the SPY percentage change from that moment until the bottom.by MostImportantThing0
S&P 500 Daily Chart Analysis For Week of May 17, 2024Technical Analysis and Outlook: In the S&P 500 Daily Chart Analysis for the Week of May 10th, it was observed that the market successfully retested the Key Resistance at 5260 and the Outer Index Rally at 5280. It is suggested that the Outer Index Rally at 5342 will be reached after hitting the newly established Key Resistance at 5314, followed by a potential move to the primary down target Mean Support at 5221. Additionally, there is a possibility of further advancement towards the Inner Index Rally at 5408 and the next Outer Index Rally at 5460, with the secondary triggering points at destination points.by TradeSelecter0
DXY Minute: Even clowns get wearyAnd I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as I write this, I foresee such delivery may be at a relatively high premium compared to price at which they sold them. This correction has almost every corrective pattern ever outlined by the foremost Elliot Wave practitioners that I have read. There are triangles, irregular b waves, and ultimately, combo after combo or JUNK. The price action here tests the limits of what can happen without obviating the practice of tracking price waves. For the first time in the 2 years I have been trading using EW technicals, I have been ready at times to say that price has been hijacked, or that Elliot was wrong. Nonetheless, in the end, sometimes by a pip or two, price has barely adhered to the panacea of rarities in the world of Elliot Wave Theory, which is why I say "ugliest" and why I call the traders of the JUNK "clowns." Either they lost a ton, or they attempted to orchestrate destruction of the markets fabric, both things that only clowns would do. However, in the end, I maintain my faith in humanity and nature, and believe that what could follow will be just deserts, even for clowns. A swift move to the 109 area seems appropriate because this correction is maxed, and I imagine, even the clowns are weary. We do not control price, alone...the market does. And what the market wants, it gets. Price needs one more Intermediate wave to new highs, ideally into the extension area, which will likely breach the larger 1.0, due to price destruction that has taken place. This is a cycle b wave, by my count, and as soon as it completes, all the haters can have the dollar crash they so desire. I will observe, as usual. Best, CuzLongby CuzDeluxUpdated 7
DXY----Bearish Before Trend is Making Lower low and Lower High and there is Divergence Came In H1 there is Completion of ABCD pattern Now Trend is Making Higher and higher low and Trend take Retracement from Fib 0.6 level .There is completion of ABCD pattern Longby ali110022
S&P 500 Macro Outlook (2022-2024 Forecasted Targets/Tops/Bottom)3950-4K micro-target followed by the melt-up rally. Linear top: 5325 Log top: (Separate post): 6000 Extension linear top: 6500 60-80% Bear Market follows; Target 1: 2150 Target 2: 1555 End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing. P.S. Disregard target 3 on the chart; Depression isn't expected this decade.by ILuminosityUpdated 1
This analysis and strategy looks good!Dow Jones (US30) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 39,993.29 1st Support: 39,637.89 1st Resistance: 40,530.41 by John-JohnstonUpdated 1
Will it continue to rise? Maybe I'll tell you the answerOn the chart, the bearish trend is expected to reach 5280 and 5266 if the price remains below the pivot point of 5300. However, if a break above 5,300 is confirmed by a 4-hour candle close above that level, it could target higher levels 5311, 5328 and then 5345. Key level: Pivot line :5300 Bullish line :5311, 5328, 5345 Bearish line :5280, 5266, 5220by John-JohnstonUpdated 1