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S&P 500 - Daily: How serious is this trade war with China?Sentiment: Short Market Structure: Confirmed Double Top Daily Resistance Level: 2950 Daily Support Level: 2800 Other Key Levels: 2700 - 2350 - 2125 November 9th, 2016 - a date we may hear a lot of in the next few months. The S&P 500 hasn’t closed below this day ($2,137) since Trump took office. The market rallied over 45% over the last two years, but this trade war with China has triggered a “national emergency” and is starting to eat into investors profits. The technicals also line up with the tension from the trade war. Let’s break down the Daily chart to grasp what is in store for the lifeline of the US economy. Let’s start with the previous high at the $2,940 area. Price creates an all-time high however immediately experienced a loss of -20% to our key level $2,350 breaking through multiple key levels. Next, price pushes back up creating consistent higher highs and lows. A beautiful, almost artificial trend. This trend is respected for months until price reaches about $2,956, not able to confidently clear the highs created at $2,940. Could be the beginning of a double top with $2,350 acting as a neckline. Looking closer you see that between May 1-7 a double top is confirmed as it pushes through the neckline. The following week, we have a confirmed EMA crossover and a test of our support level $2,800. After the retest of current support, there is a 61.8% retracement on May 15th. Predictions Fundamentals: We’re following the trade talks, but most news outlets will try to reinforce a positive sentiment to prevent panic because watching your retirement fund lose 5% in a week is never a reassuring feeling. A positive deal will still result in lingering tension as the two leaders battle it out on the world stage and China tries to hold firm. Technicals: A conservative predication would include a retrace back to the blue line marked retest area, which is also the neckline of the double top. If we find market structure at the retest area this would create another shorting opportunity. The first target level would be support, the $2,800 level. A riskier prediction would be to look for price to push through the $2,800 level within this week or next. Levels for taking profit would be the 38.2%, and 61.8% retracement levels. What would make this trade invalid? If price forms market structure at the $2,800 level I would look for long opportunities. If news comes out regarding trade talks, I would exit positions until indecision has subsided. A confirmed break pass the retest area View this article on 9to5FX.com
OANDA:SPX500USDShort
by Anthony_Sledge
The Perfect Trend - How It Should Look Like? It's very simple to trade in markets where you can join to a stable trend and follow it. Such type of trading allows you to make mistakes and enter the market not at the best levels but still, make the profit. I would like to show you, probably the best trend movement. It's not Bitcoin with its amazing run to the Moon in 2017. I want to show you NASDAQ market which keeps the uptrend for 10 years already. When the price broke SMA100 and SMA200 in September of 2009, we could say that a new uptrend was started. From that moment we could use any reversals from SMAs for buying based on the reversal signals, and we could use the local swing highs and breakout signals for adding more volume to long positions. During 10 years the market has been moving upward. Joining in the beginning and following the simple rules of trend following trading, it could give you tons of money. For using this trading opportunity, you needed knowledge and experience. These two elements are very important for successful trading in different financial markets. Don't forget about it and use any opportunity to become better as a trader or investor. P.S. Like what you read? Support me with your LIKEs! And if you want more, there's more on the Twitter on my profile page!
FX:NAS100
by DLavrov
Stock Rally Nearing The EndSince anticipating a bottom on Dec. 25, we have seen a significant and vicious bear market rally - enough to scare many bears and draw some bulls back in. I'm seeing some setups now that this rally is near the end, so I'm selling longs and will be opening shorts into any further rallies this week. Here we have the Russel2000 where a significant breakout midpoint at 1348.7 suggests a reversal zone of 1445.4, which we barely tested today. Further supporting this reversal zone is a smaller midpoint (split between two strong red candles) which proved it's validity since it foreshadowed a swing low at 1295.6. The 361.8% extension of this swing lines up nicely with the 1445.4 reversal zone. Please see my recent GBPAUD analysis for another example of how I try to tie multiple midpoints together for higher-probability trades.
CME_MINI:RTY1!Short
by CryptoBanker
Big Weekend Gap Filling: Russel 2000The big Sunday night gap saw the Russel blow past my target and actually top out at the 127% extension of 1560 rather than the previously posted (linked) 1540 level. Stock indeces are currently filling much of this major gap, in fact the Russel has already filled it while the S&P500 and DOW and especially the NASDAQ have seen more strength keeping their gaps unfilled for now. See below for an update on where I suspect this gap filling correction to end.
CME_MINI:RTY1!Long
by CryptoBanker
NASDAQ 100, Daily Chart Analysis 10/9Implications and Outlook The Nasdaq has elevated the focal point on Wall Street once again, as the technology benchmark continuously guide the selloff in technology securities. The Nasdaq index hit a 2-month low on Monday trading session, sinking below previous week’s low price. Even though the fear-index remains to be below the 20 level, which happens to be in line-in-the-sand scenario, the action of the VIX index has changed significantly, even though Monday’s US bank holiday likely resulted in the wild market swings, this order of Stages 2 and 3 is one thing to keep a watchful eye on in the coming week(s).
NASDAQ:NDX
by TradingSig
2
SPX (S&P 500), Daily Chart Analysis 7/28Implications and Outlook 1. Second quarter Gross Domestic Product of 4.1% releasing has been the very best growth number in 4 years. That was not good enough to aid over-bought technology stocks as we observed the profit-taking go forward. The unexpected increasing amount of volatility already has frightened a number of people along with a couple of misses within the week, notably, Facebook may be a delicate reminder of what you should expect after this type of terrific market run, while Intel and Twitter became part of the decline. Quite a lot to play in the upcoming week with global central banks, as well as month end data numbers, will be posted, however, as the volatility brings us away from the consolidation phase the absence of volume adds to the price action. American healthcare stocks powered the SPX (S&P500) index, as the basket of stocks slid 18.6 points or 0.7% to close at 2,819. 2. With the formation of the doubleheader outer Index Rally, inner Index Rally at 2849, and Key Resistance formation of 2846, the Index displays undoubtedly serious of the short-term bearish implications, having downside targets to Mean Support of 2797 and 2773 respectively. 3. In the meantime, the Key Resistance of 2846 will be a significant interim target in order to validate completion of the intermediate-term bullishness, as an all-time high, as well as primary Key Resistance of 2873, is looming in the distance. 4. Current Index Strategy Bias: Bullish 60 / Bearish 40
SP:SPXLong
by TradingSig
3
Alcoa - Destiny Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch candle closes , don't be fast in triggering the shot (trade) ! I wait for Daily strong closes + Weekly and Monthly bullish closes before starting to write my trading plan for future.
NYSE:AA
by 3nchev