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Stocks Continue to GainThe S&P 500 has edged higher, after a brief retracement from 3887. We seemed to reject this level but found support just above our level at 3758. Dedicated readers will remember that we anticipated support here in previous reports. From there we pivoted nicely and broke through the previous high of 3887 to reach our target of 3909. The Kovach OBV is climbing steadily so we will see if this rally can continue. If we can break through 3909 the next target is 3963. If we retrace, then 3758 should hold as a floor.
FX:SPX500Short
by quantguy
2
Fed WeekGood morning! Batteries are recharged for this week, as we have a very important day on Wednesday. THE FED SPEAKS. Not gonna lie, but Friday's action caught me off guard. As I watched the action, I still wasn't convinced. It still had the feeling of a hope rally. Now look, we can still push to about 3970ish to complete the ABC correction before rolling over. And did you see the VIX? JUst got crushed all the way back to 26 maybe even 25 at one point. Still too many mixed signals in the market with the DOW up almost 15% for the month, the NASDAQ showing more of a Bearish Chart set up and the S&P looking like it's ready to follow the DOW. So is this rally going to hold tech up? It's looking that way, but the FED can change all of that come Wednesday. 3900 is a key area of resistance so I wouldn't be surprised if we got some sideways movement the next two days before we see any real price action. Tomorrow might be interesting for the JOLTS Report. Why? Well the FED said in their last announcement that they wanted this number to come in lower. Forecast is somewhere around 9.5 million. So if tomorrow we see this number come in lower. Say, 9 million, it could be off to the races and continue higher. But at the end of the day, everyone is still going to want to hear from the FED. Will they admit the economy is slowing? I'm sure they will and the market is going to like that they acknowledge it. But is it enough? Remember that you get three moves on FED Days. You'll have the initial move, the retracement, then you'll see the direction of the market. So my plan is to just wait for Wednesday to determine if I should go bullish or stay bearish. I still think there are too many uncertainties and the FED will continue its efforts to bring inflation down even more. Either way, it doesn't matter. I need to trade the markets in front of me. Happy trading!
SP:SPX
by MMOTA_
DJI Potential For Bullish ContinuationOn the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a pullback buy entry at 31187.32 where the 38.2% and 61.8% Fibonacci lines are located. To add confluence to that area, there is a market gap that looks good to be filled. Stop loss will be set at 29891.21, slightly below where the 61.8% and 23.6% Fibonacci lines are located. Take profit will be at 34116.75, where the 100% Fibonacci line and previous high is located. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJILong
by VantageMarkets
DJI Potential for Bullish Momentum | 31st October 2022On the H4 chart, the overall bias for DJI is bullish. With price tapping onto our buy entry at 31969.69, where the 50% and 61.8% Fibonacci lines are located. We are looking to take profit at 34293.93 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 30081.25 where it is slightly below where the 61.8% Fibonacci line is located. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJILong
by Rockqet
1
S&P 500 RalliesThe S&P 500 has shrugged off Amazon losses, pivoting just above our level at 3758. Amazon has given up $trillion status as weak holiday spending as forecasts project the weakest holiday sales growth quarter ever. We will see if stocks can continue to rally, as a red triangle on the KRI is confirming resistance at current levels. The price action is rounding off and the Kovach OBV has slumped. If we continue to rally, we will face resistance from 3887, and 3909, the latter corresponding to a relative high. If we retrace, anticipate support at 3758 again.
FX:SPX500Short
by quantguy
No Man's LandTo recap how the market's ended yesterday, we had the DOW close at 0.61%, the S&P -0.61%, and the NASDAQ -1.63% (I think this even went positive at some point during trading hours). Something is holding this market up. You would think with all these bad tech earnings, the market would be coming down substantially more. But it's not. So is this market rally going to hold tech up? Or is tech going to ruin this rally? We're currently in between the 20 day and 50 day which most call "no man's land". Market is still trying to decide where it wants to go. Wednesday's candle was our reversal signal with Thursday candle being our confirmation candle since it traded lower than the previous day. So naturally, we should expect movement to the downside. Gotta see what today brings us. The chart on the Nasdaq looks more Bearish to me. Which again. Does Tech bring the market down? Or does the rally save Tech? There are too many mixed signals everywhere. My lean is still Bearish but as the days come, I need to react to what the market is telling me. Be patient, stay disciplined. Happy trading everyone!
SP:SPXShort
by MMOTA_
DJI Potential For Bearish ContinuationOn H4, with the price tapping onto our sell entry at 32144.40 where the 61.8% and 50% Fibonacci lines are. We are looking to take profit at 29640.37, where the 100% Fibonacci line and previous swing low is. Stop loss will be set at 33364.70, slightly above where the 78.6% Fibonacci line is located. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJIShort
by VantageMarkets
5
DJI Potential for Bearish Momentum | 28th October 2022On the H4 chart, the overall bias for DJI is bearish . With price tapping onto our sell entry at 31896.61, where the 50% and 61.8% Fibonacci lines are located. We are looking to take profit at 29653.29 where the 0% Fibonacci line and previous low is located. We have a pretty safe stop loss set at 34519.93 where it is slightly above where the 100% Fibonacci line and previous highs are located. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJIShort
by Rockqet
4
Euphoric Bounce in DOWYou know, I usually don't follow the DOW as much. I mean, I'll glance at it every day but I think the surge we've seen can't go unnoticed. The question is: Is this surge over? I mean, this thing blew right through the 50, through a resistance level and now it's looking like it wants to go touch the 200 day! Hey, if it does....it does. Two possible outcomes here that I think could happen. Bears will step back in but the Bull's will absorb it and either base or head higher. If the Bull's can't absorbs the Bear's stepping in, we can erase this euphoric move in days. Or, a move similar to what we saw from about the middles of August to the end of September. In the coming days we should know better. I believe the markets understand that sentiment is Bearish and if this rally we've had is in fact the C wave of this ABC correction, then we should start to expect downside movement. Worse case, we could see some gaps down to 3700ish then 3500ish. These tech earnings are not painting a nice picture. I'm sure everyone has been watching META's plunge overnight. But again, the markets are going to do what they do. I'm still Bearish and plenty to worry about. Always remember to trade the markets in front of you, be patience, stay disciplined. Happy Trading Everyone!
TVC:DJIShort
by MMOTA_
5
Stocks Edge Higher Despite Earnings MalaiseStocks have rounded off, but still edge higher despite disappointing Microsoft guidance , Meta malaise, and general tech sector weakness. Goldman Sachs is bullish on a recovery for Microsoft, and it is one of the only AAA rated companies on the planet. These facts have weighed on the indexes, but have not contributed to much of a sell off yet. If earnings continue to come in weak, then it is difficult to image that this rally will continue. Technically, we are very close to our next target of 3909 where we will likely face resistance as it is a relative high. The Kovach OBV is still edging up, but does appear to be showing signs of leveling off. Expect support at 3792 if so. We should see further support at 3758.
FX:SPX500Short
by quantguy
DJI Potential For Bearish ContinuationOn the H4 chart, DJI's overall bias is bearish. At 31981.14, which holds the 50% and 61.8% Fibonacci lines, look for a pullback sell entry. A market gap that seems to be fillable furthers the confluence. The stop loss level will be 33272.34, well above the 78.6% Fibonacci line. The previous swing low and 100% fibonacci line, which is at 29640.37, will serve as the take-profit point. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJIShort
by VantageMarkets
1
DJI Potential for Bearish Momentum | 27th October 2022On the H4 chart, the overall bias for DJI is bearish . Looking for a sell entry at 31978.77, where the 50% and 61.8% Fibonacci lines are. There is also a market gap there which adds confluence to that area. Stop loss will be set at 33364.70, slightly above where the 78.6% Fibonacci line is located. Take profit will be set at 29653.29 where the 100% Fibonacci line and previous low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJIShort
by Rockqet
3
Dow Jones And The Next Rejection ZoneI drafted this chart up a week ago and forgot to post it. I see its playing out, so better late that never... My original opinion was that we could run up and retest the 200ma. This would be a good place to reject and let fundamentals collide with technicals. Nothing in this world has changed enough from last month to warrant a bull market and geopolitics are too wild to get heavy long, yet the market is not logical per se . Not financial advice, obviously, just a rant full of observations.
TVC:DJI
by ChartProphet
2
DOW JONES on an aggressive rally towards the 1D MA200!It was 2 weeks ago when we made a case for a medium-term buy on the Dow Jones index (DJI), against popular belief, as we had early signs that the index made a June 17 type bottom and was about to repeat the June-Aug rebound: Our view has been confirmed so far and following the 1D RSI break above the Lower Highs and the 1D MACD Bullish Cross, the rally broke above the 1D MA50 (red trend-line) with ease and is headed towards the 1D MA200 (grey trend-line). Today's analysis is on the 4H time-frame, in order to get a more detailed look on the short-term. We see that Dow Jones has already formed the 4H Golden Cross (when the 4H MA50 (blue trend-line) crosses above the 4H MA200 (orange trend-line)) that comes when the price breaks above the 1D MA50. At the same time, the price has already broken inside the volatility zone of the 0.5 - 0.618 Fibonacci retracement levels. Based on the previous fractal, we could see a week of sideways price action before Dow targets the rejection zone (and the medium-term target) within the 1D MA200 (grey trend-line) and the 1D MA300 (yellow trend-line). For comparison purposes in order to get a better understanding of Dow's proportionate position compared to the previous rebounds, we've plotted all rebound sequences on top of another (Black line = Feb 24 - March 22, Grey line = June 17 - August 16 and Green line = October 02 - today). Though not 100% correlated, it is obvious that there is a high degree of convergence among all three sequences. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
5
ATLX PARABOLIC GROWTH CURVE IN PLAY TARGET $36 ATLX formerly known as BMIX is in this parabolic growth curve. Volume has been increasing steadily over the past year or so, lots of buying happening from what I see. I think this stock has a lot of potential. This is a great cheap entry point in my opinion. Also ATLX has acquired some land right next to Sigma Lithium Corp. which stock is valued at almost $40. This is not trading or financial advice this is just my opinion. Thank you and if you appreciate this content please give me a boost and follow for more updates.
ALong
by Bitgolder
6
Stocks Rally! Is this Just Exhuberance?The S&P 500 has rallied off increased expecatations of a Fed tapering after housing price data came in negative. Additionally, Coca-Cola and GM posted earnings results yesterday suggesting that there is hope for some companies feared to be hit by inflation. Be careful trading this, as the markets have been fooled before, and we will need to wait for forward guidance from Fed speakers before any rally is confirmed. The Kovach OBV is climbing steadily, and we have reached our target of 3849, with 3909 the next major level and next target. If we reject current levels, 3792 or 3758 could provide support.
FX:SPX500Long
by quantguy
DJI Potential For Bearish ContinuationThe overall bias for DJI on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 31981.14, which contains the 50% and 61.8% Fibonacci lines. To add to the confluence, there is a market gap that appears to be fillable. Stop loss will be set at 33272.34, which is slightly above the 78.6% Fibonacci line. Take profit will be at 29640.37, which is the previous swing low and the 100% fibonacci line. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJIShort
by VantageMarkets
1