Indecies
DOW divergence? Does this RSI divergence signal what's to come. I believe there is a catalyst coming that will cause the dow to plunge as will other indices. As of now im not sure what that is. something will blow up whether its banks ect. The fed will have no choice but to do an emergency rate cut. IF the rate cut happens. that's the time to go short. go look at every previous crash it only happens once fed cuts.
US30 Bullish Reversal or Bearish Continuation?Us 30 has pulled back into a range where it can potentially drop again to the downside. This may only be able to happen if price stays below 34259.35. If price stays below we could possibly see price fall back down to 28598.73.
However, and it is a big however, if price pushed past 34259.35, this could be a massive move for traders or investors looking for reasons to buy back into the stock market. Especially since the dollar index has just reversed.
Let us see how the next few daily candles close to provide us evidence of which way price wants to go.
Thanks for reading❤️📖
US30 sellsI have been focusing on US30 for the last 9 months and accoring to my analyses this should sell of till 15M Supply szone
NQAfter a significant sharp fall, price has started a mild upside move on the bullish trend line.
Currently, price has respected the trend line and is pushed to the upside after touching it, and the last 4H candle has been closed bullish.
Since price is moving in the uptrend and failed to make lower lows, I expect a rise towards the last high at 14600, and in the case of an upside breakout on this level, the next target would be 15000
Otherwise, if price breaks the trend line to the downside, price will continue moving downside and the bullish scenario will be canceled.
UK100 Bearish SignalIn the daily chart of UK100, the yesterday’s candle has engulfed the day before’s candle and has made a bearish reversal candlestick pattern (Tweezers Top I guess! I’m not very good at names!)
Today’s candle has opened below the yesterday’s close which means we are facing a bearish momentum.
If price breaks the yellow support level at 7537.0 (the lower shadow of the yesterday’s candle) to the downside, we can look for entering a sell position in lower time frames like 1H.
I expect a big drop on UK100 to 7111 in the upcoming future.
US100 Retest or Reverse?US100 has been moving very tricky recently, and although it broke the strong support level at 15500 and closed below, it moved all the way up again.
The main trend is still bearish, but we still don’t know if the trend is reversed or it’s just a retest.
Currently, price is on the 61.8% fibo level:
Since we are in a downtrend, If we consider the upside move as a retest:
If price breaks the yellow support level at 15775 to the downside and closes a bearish candle below this level, I expect a drop to the last major low at 15163
On the other hand, if we consider this upside move as a beginning of a new bullish trend, we should wait for an upside breakout and candle closure above the last high at 16020, to expect a rise to the next high around 16261
Personally, I’m on the bearish side for NQ.
What is your outlook? Feel free to share your ideas in the comments.
NQ Facing Upside PressureAfter a sharp drop, US100 has approached the yellow support zone and is rejected and pushed to the upside.
Currently, price is facing a bullish pressure and is about to break the last minor high.
If price breaks the last minor high (red color) and the current 4H candle closed above 15840, we expect a rise to 15973 which is the next high, and in the case of an upside breakout and bullish candle closure above this level, the next target for NQ is around 16180 which is a supply area.
US30 Drops After Breakout US30 is in a bearish trend and has started a downside move, after a bullish retrace.
Currently, price has approached to the yellow support level, but I personally expect a downside breakout on it because we are facing a strong bearish pressure.
If the yellow level broken out to the downside and price closed a bearish confirmation candle below 35600, we can expect more drop at least to (35380 - 35240) which is a demand zone.
NQ Near Resistance Level US100 has started an upside move after a big drop.
Currently, price is approaching to the resistance level around 16460, which has been tested and pushed the price to the downside in the past.
I expect a downside push from the red resistance level to retest the yellow level around 16120, and if there was any bullish signal on the yellow area, we can expect a rise to the last major high around 16770
Otherwise, if price breaks the yellow level to the downside, the bullish scenario will be invalid and we expect more drop on NQ around 15800 which is a demand zone.
NQ Reversal PatternUS100 had a sharp significant drop and after touching the support level at 16000, price is pushed to the upside and started to rise.
Currently, it seems like a bullish reversal Head & Shoulders pattern is being created.
There is a resistance level (neckline) at 16460, and if price breaks it and closes a bullish confirmation candle above this level, we can expect more growth for the index around 16725
NAS100 Analysis! (LEAVE FEEDBACK)This is an amazing way to analyze the markets just take what you see from this analysis and put it in to play. Read what ever is in front of you and absorb this knowledge! Enjoy (:
Short SPX500 @ 3,850.00; TP @ 3,696.00, SL your choiceShort SPX500 @ 3,850.00; TP @ 3,696.00, SL your choice
UK100, FTSE100 Mid Long term play, analysis, Brexit, Green deal.Now Brexit is done and over (pretty much), US FED to turn the printers on for a couple more years yet and UK on WTO terms. UK looks like a good time to buy UK Indexes, clean energy, and the pound sterling (GBP/USD)
What's in for the SPY in the short-term?Hello, traders!
SPY, the ETF that tracks the SPX performance has managed to remarkably recover from the lows of spring this year as the COVID -19 virus threat became real.
The ETF has drawn up a very determined short-term uptrend, supported by the FED's interventions in the CEF, ETF and Bond markets.
Currently the ETF has been trading in a range since September and has managed to form two tops circa the 360 (figure) level. My overall expectations are for the instrument to test the trendline support and from there to:
1. Bounce back inside the uptrend and to continue again towards 360 or;
2. A breakout towards the 320 zone to form the neck of the double top;
2.1. Strong bounce up again for the price to return back inside the trend or;
2.2. Push below the neckline;
3. Test the neckline and successfully and start to execute the double top
3.1. Directly drop from the breach if the selling accelerates.
First target and a possible support will be the 200SMA, which slope will probably curve around the 308-310 level.
Overall target of the formation is below the 50 Fibo zone circa 280 level.
MACD's two MA's are also crossing, triggering a sell signal. The volume histogram is also fading, showing deacceleration in buying which may be an additional trigger for selling pressure.
