Technical Analysis Summary
Daily Chart (Macro View)
• Price has bounced off a key support near 37,700 and reclaimed the psychological level 40,000.
• MACD is starting to reverse higher from oversold conditions, showing early bullish divergence.
• RSI is recovering from below 30, now near 49, indicating a potential trend reversal.
• Trend: Medium-term recovery from a correction; possible continuation to recent highs around 44,000.
15-Minute Chart (Tactical Entry Zone)
• Price has broken a downtrend and is now consolidating above previous resistance at 40,000.
• MACD is bullish (histogram rising), and signal lines are above zero.
• RSI at 62.6, suggesting bullish momentum but not yet overbought.
• White MA shows clear upward curvature.
3-Minute Chart (Precision Entry)
• Recent pullback retested the MA and bounced.
• RSI at 66, nearing overbought, but price is in clear short-term uptrend.
• MACD just crossed bullish again after a small consolidation.
⸻
Fundamental Context
• Recent Fed signals suggest potential rate pause or cuts, which is bullish for indices.
• Earnings season has generally surprised to the upside, especially among large caps.
• Macro backdrop: Slowing inflation + strong labor market = supportive of equities.
• Risk appetite is increasing, as seen in tech and industrials rebounding.
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Trade Setup
• Position: Long US30
Entry
• Buy: 40,200 (current price action confirms upward momentum)
Stop Loss (SL)
• SL: 39,700 (below recent 15-min swing low & psychological level)
Take Profit (TP)
• TP1: 41,200 (recent intraday high and near resistance)
US30
Daily Chart (Macro View)
• Price has bounced off a key support near 37,700 and reclaimed the psychological level 40,000.
• MACD is starting to reverse higher from oversold conditions, showing early bullish divergence.
• RSI is recovering from below 30, now near 49, indicating a potential trend reversal.
• Trend: Medium-term recovery from a correction; possible continuation to recent highs around 44,000.
15-Minute Chart (Tactical Entry Zone)
• Price has broken a downtrend and is now consolidating above previous resistance at 40,000.
• MACD is bullish (histogram rising), and signal lines are above zero.
• RSI at 62.6, suggesting bullish momentum but not yet overbought.
• White MA shows clear upward curvature.
3-Minute Chart (Precision Entry)
• Recent pullback retested the MA and bounced.
• RSI at 66, nearing overbought, but price is in clear short-term uptrend.
• MACD just crossed bullish again after a small consolidation.
⸻
Fundamental Context
• Recent Fed signals suggest potential rate pause or cuts, which is bullish for indices.
• Earnings season has generally surprised to the upside, especially among large caps.
• Macro backdrop: Slowing inflation + strong labor market = supportive of equities.
• Risk appetite is increasing, as seen in tech and industrials rebounding.
⸻
Trade Setup
• Position: Long US30
Entry
• Buy: 40,200 (current price action confirms upward momentum)
Stop Loss (SL)
• SL: 39,700 (below recent 15-min swing low & psychological level)
Take Profit (TP)
• TP1: 41,200 (recent intraday high and near resistance)
US30 Trade active
Trade closed: target reached
TRADE IS STILL PLAYING OUT, SEEMS LIKE A LITTLE BIT OF A PULLBACK FROM SYDNEY AND ASIAN SESSION. LOOKING FOR A RETEST AND BOUNCE HIGHER @ 40400. IF IT BREAKS LOWER I WOULD CONSIDER TIGHTENING UP SL TO 40050 OR MOVING SL TO BE FOR A RISK FREE TRADE.Note
***TRADE IS STILL ACTIVE*** IGNORE "Trade closed: target reached"Note
STRONG REJECTION AND DOUBLE TOP AROUND 40600 ( 100 POINTS FROM 1:1 AND BREAK EVEN POINT.MOVING SL TO BE NOW FOR SAFETY AND TO KEEP CAPITAL SECURE
Note
TRADE TRIGGERED BE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.