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Americanindex

Trendline Broken – Is the Bull Run in Trouble?The S&P 500 index is currently exhibiting a critical technical structure. After forming a series of Higher Highs (HH) and Higher Lows (HL) within a well-respected rising trendline, the price recently made an All-Time High (ATH) but has since shown signs of weakness. The trendline, which has acted as a dynamic resistance multiple times, has now been broken. At present, the price is retesting the key horizontal support zone and the 200 EMA after the breakdown. This retest is crucial—a rejection here could confirm a bearish shift, potentially leading to lower levels near the next key support zone. Additionally, the RSI is displaying a bearish divergence, signaling weakening momentum despite recent highs. Key Takeaway: Watch for confirmation at the retest zone. A rejection may signal a deeper correction, while a reclaim of the trendline and 200 EMA could reestablish the bullish structure. Risk management is key at these pivotal levels.
SP:SPXShort
by unichartz
2
S&P500 - 5000 Points In 2024Hello Traders, welcome to today's analysis of S&P500. -------- Explanation of my chart analysis: The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the rising channel above $5.000. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
SP:SPX
by basictradingtv
5
possible worst bearish trend for NQHello traders concerning NQ i suppose that we will assist to 2 free falls if it breaks down these level 13499 and 120404. it is clear , in my opinion, that NQ started its bearish trend that will accure for long time. remember that we don't have a cristal ball predictiong markets future but we try to be more effiecient and more rational,it is up to markets to decide where to go. good luck please if you appreciate my analysis, make some comments and ask me explanation if needed
CME_MINI:NQ1!
by HASSOUNI-trading
2
DOW JONES INDEX Analysis .I think CURRENCYCOM:US30 Index is facing a key level at around 24400 (Green Line) .As long as we don't close significantly , in an upcoming day , above the green line and break above the black line above it , I don't think there would be a reason to believe in a real bullish continuation and recovery of the DOW JONES .Price could try to break the green line by going back to the 22350 (blue line) area then bouncing up from there to break the green line area , but If the bulls fail to help the price bounce up from the blue line , there would be a considerable probability to break below the blue line and eventually return to the starting point at around 18250 .
U
by StockAnalystPro