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NASDAQ: Bullish breakout is taking placeNasdaq is marginally bullish on its 1D technical outlook (RSI = 57.848, MACD = 196.930, ADX = 44.220) and that shows the strong upside that the 1H momentum has today. Technically it is on a similar situation like Sep 19th when it crossed over a Channel Up and made a +3.00% rise on the 2.0 Fib. A 1H Golden Cross is about to take place, so we think that is a strong buy entry to target a +3.00 rise (TP = 20,300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
S&P500: Identical so far with 2018/20. October rally possible.S&P500 just turned bullish on its 1D technical outlook (RSI = 57.810, MACD = 53.820, ADX = 46.107) and that should give a new boost to the already bullish 1W timeframe (RSI = 63.805, MACD = 167.870, ADX = 40.687), which showcases the long term trend. And that long term price action can't be shown more effectively than on the 1W timeframe. We have spotted that the index is repeating the 2018-2020 trend. Starting with a Channel Down under the 1D MA50, the index recovered massively and when it slowed down on a Channel Up, the 1W RSI turned ranged. We are now where the past fractal started rising aggressively again on the October 21st 2019 1W MACD Bullish Cross, as last week it completed a new such Cross. With the support of the 1W MA50, it is more likely now to see a strong rally to the 2.5 Fibonacci extension, where the 2020 fractal abruptly stopped with the COVID market meltdown, which is an event that can't be put into chart analysis. This pattern shows that we have a clear target for early 2025 on the 2.5 Fib (TP = 6,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
USDollar Is In Higher Degree Recovery ModeDollar Index with ticker DXY has turned bearish after the corrective rally stopped at 105.70-106, an important resistance area at the end of June. Since then, the price even accelerated lower through summer so it appears that a bearish impulse, but with current sharp bounce out of an ending diagonal on 4h TF, we believe that correction is now in play. Notice thats a very sharp leg up, so its wave a, still first leg of a minimum three-wave a-b-c recovery that can take index back to 61.8% Fib, near 104 which can be very strong resistance for the next sell-off, especially if we consider that this can be wave 2 rally.
TVC:DXY
by ew-forecast
DOW JONES: Small pullback will offer a buy opportunity.Dow Jones is about to turn neutral on the 1D technical outlook (RSI = 57.040, MACD = 399.580, ADX = 38.469) as it crossed below its 4H MA50, withi the 4H RSI already on a bearish divergence, pointing to a short term correction. We expect that to be on or a little under the 4H MA200 and then rebound (over the 0.5 Fibonacci level) like the September 11th low. Like then, we are targeting the 1.236 Fibonacci extension (TP = 43,200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
GIFT Nifty 50 Index Futures – Retracement in ProgressThe GIFT Nifty 50 Index Futures chart shows a clear uptrend, with recent price action facing a corrective pullback after a strong rally. The price is currently approaching key Fibonacci retracement levels, offering a potential buying opportunity within the ascending channel. Technical Insights: Ascending Channel: The index has been moving in a well-defined upward channel since June 2024. The current retracement is testing the middle of this channel, which could provide support near the 38.2% Fibonacci retracement level at 25,039. Fibonacci Retracement: The price has retraced from its recent high of 25,828 and is testing the 38.2% retracement level at 25,039. If this level holds, we can expect the price to bounce back towards the upper channel resistance around 26,500. A deeper retracement could test the 50% level at 24,314 or the 61.8% level at 23,590, which align with the lower boundary of the channel. Support and Resistance: Support Levels : The immediate support lies at 25,039 (38.2% Fibonacci), followed by 24,314 (50% Fibonacci) and 23,590 (61.8% Fibonacci). Resistance Levels : Immediate resistance stands at 25,828 (recent high), followed by the upper channel boundary around 26,500 . Volume Analysis: Volume has spiked during this retracement, indicating that selling pressure is being absorbed. However, sustained buying interest is crucial to confirm any bounce from current levels. RSI (Relative Strength Index): The RSI has pulled back from overbought levels and is currently near the 50 mark, suggesting neutral momentum. A drop below 40 could indicate further downside, while a move above 60 would confirm a renewed uptrend. Outlook: Bullish Scenario : If the index finds support near 25,039 , we could see a rebound back towards the upper channel, with potential targets at 26,000 and 26,500 . Bearish Scenario: A failure to hold the 38.2% Fibonacci level could lead to further downside, with the next support levels at 24,314 (50% retracement) and 23,590 (61.8% retracement). The overall uptrend remains intact, but caution is advised as the index tests key support levels. Traders can look for confirmation of a bounce before entering long positions.
NSEIX:NIFTY1!
by AngshumanSaikia
Natgas - Pending RSI Failure SwingThis is an idea of what to look out for if natgas continues to rally into overbought RSI territory and tops out as it did in May and June of 2024 (current year). Look out for overbought RSI divergence followed by a failure swing as shown and outlined in further detail in the idea linked below, probably confirmed by MACD divergence as well. Look out for an approximately 40-day duration of top formation once RSI enters overbought territory, plus or minus 20 days. Be prepared for a max draw down of 2.14% if you short the close of the day the failure swing is confirmed. The previous gain was 29.16%. Due to the high draw down %, it may make sense to short a QG micro which is 1/4 of an NG contract, possibly adding more on the way down at your discretion. The trade entry may happen later this year, approximately mid November. Also something to watch out for is a much sharper rise with a much shorter RSI failure swing pattern as was formed at the start of the year 2024 (current year), also shown on the chart. The drawdown was much smaller and the target much greater (50% gain) but the short duration made the failure swing more suspect. It’s better if more than just 5 days form the top and a deeper valley is formed. This is all very hypothetical, but these are the types of swing trades I watch for and it’s good for me, if no one else, to note these potential trades as they approach. Please feel free to ask questions. Previous failure swing idea with additional explanation:
PEPPERSTONE:NATGASShort
by Skipper86
NASDAQ: New buy level approaching.Nasdaq has almost turned neutral again on its 1D technical outlook (RSI = 55.199, MACD = 255.840, ADX = 43.908), which is gradually starting to wave a buy signal again as the price almost hit the 4H MA200. Technically if the 4H RSI approaches the oversold level of 30.000, it is the first buy entry inside the Channel Up. We already have a 4H Golden Cross in our hands. Expect at least a +15.55% rise (TP = 21,150) to complete this bullish wave. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
DXY H8 - Long SignalDXY H8 There isn't too much to report on here for the likes of the dollar index, we have seen a bullish start to the week so far which was as expected, but we are still very much in the same range which trades between 100.200 price and 101.000 price, we really need to see a break north of this 101 level. A break of 101.000 price, and subsequent surge towards 101.800 to 102.000 price is the next goal. Good start to the week thus far. Lets see if we can start to see these setups we have been following unfold a little more in our favour!
TVC:DXYLong
by Trade_Simple_FX
S&P500: Bullish until the end of the year.Excellent bullish technicals on its 1D outlook for the S&P500 (RSI = 64.960, MACD = 69.000, ADX = 26.170), despite turning mostly sideways in the past trading days. However, having reached the HH trendline, we can see from the past two similar patterns that a consolidation is normal and as long as the 1D MA50 holds, the index is more likely to continue the uptrend. We are expecting a similar +15.00% rise (TP = 6,200) to close the year out. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone, In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2. Inside the Wave 2, we encounter ourselves inside the Wave C already. The Wave C is about to break the 100 support area, and targeting at least 92 target. The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A. Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
TVC:DXYShort
by xReve
PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
PSX:PSOShort
by Wakeel_Saab
DOW JONES: At the top of the six month Channel Up.Even though Dow Jones has reached the top of its Channel Up pattern, it remains on very balanced bullish technicals on the 1D time-frame (RSI = 62.120, MACD = 487.030, ADX = 32.488). Our trading plan will be based upon breakouts. As long as the price remains under the top of the Channel Up and over the dashed trendline of the August wave, it is a no action (do nothing). If it crosses above the top of the Channel Up, it's a buy (TP = 43,500) as most likely we will see an extension of the wave to a new +8.28% rise. If the price crosses under the dashed trendline, its a sell (TP = 40,900) to the 1D MA50 at least. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
S&P500: Aiming at 6,000 before the elections.The S&P500 index is on a very healthy bullish technical 1D outlook (RSI = 64.688, MACD = 69.140, ADX = 44.589) which indicates that the rebound that started on the September 6th low should be extended. The volatility on the 4H RSI indicates that as long as the 4H MA200 supports, we will see a rally similar to June's and in fact we should symmetrically be on a same level as the June 14th consolidation. We are aiming for the -0.618 Fibonacci extension like June's rally (TP = 6,000) before the U.S. elections. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
WIG - Resistance becomes supportGreetings to you all! I decided to mix journalism and technical analysis in this post. I will describe the last 20 years of price action in Warsaw Stock Exchange Index (WIG), laying out the market structure and how it was shaped by key geopolitical events. Keep reading till the end, because the key message is that decade-long resistance level might have become a support zone, and Polish stock prices could be well-positioned for future growth. Warsaw Stock Exchange Index (WIG) has declined during 2008 financial crisis, after reaching all time high of 67,772 PLN. This price level created a resistance that scared off any early advances and pushed away subsequent rallies. 2017 and 2021 brought 2 attempts that failed to break above the resistance. The first rally did not quite have the momentum required to push the price higher, and the buying power vanished over the next 2 years. 2020 brought crisis and a steep decline in price, which was followed by a quick recovery through 2021. Price managed to close above ATH during July - December period of 2021, but it was short lived. Rising interest rates in 2022 and high inflation growth over the last 12 months resumed the pessimistic tone markets have followed in the aftermath of the covid pandemic, resulting in price falling back below the resistance, which remained intact at 65K - 75K PLN level. It is important to mention that 2021 rally changed the character (CoC) of the established market structure post 2008 crisis, because price closed above ATH and set a higher high. Now, if I consider a local market structure of 2020 - 2024, I can clearly see a basic uptrend pattern of Higher High > Higher Low > Higher High, which is confirmed by both MACD and RSI indicators on monthly chart. Collectively, the 2020-2024 price impulse broke above the decade long resistance, which may now act as support, but, if you're a careful observer, you would notice that this happened as well in 2021. Why this time is different? Because consider the broader economic context, and you'll also notice that in 2024 inflation is seemingly under control (though above the target rates). Moreover, central banks kept the interest rates pretty much flat in 2022, and some even proceeded to cut them, lifting capital restraints affecting companies. Hence, overall picture for WIG looks quite optimistic. It gained 27% in the last 12 months, broke above strong resistance, and it did so by establishing an uptrend price impulse. Meanwhile, Polish currency appreciated by ~5% against dollar and rose to #6 economy in Europe as of 2023. It grew twice as fast as top 5 economies both in 2023 YoY and during 2020 - 2023 period. I guess I will add some WIG to my portfolio, it looks good to me. But you decide for yourself, I'm not a financial advisor and this is not a financial advice. Thanks for reading this post.
GPW:WIGLong
by VovaNapas
Return of Volatility IndexesIt's September 18 2024 10:51pm EST, just another Wednesday. Elections are creeping up and Chinese (HSI) markets are sparking uptrend. Somehow, American volatility indexes are evidently setting up for what appears to be a big return to the upside. Perhaps only a rare few have captured it? Who knows, but the cycles don't lie and neither do the high timeframe supercycles, which imply a reversal is overdue for the volatility indexes, including UVXY (ETF), VXX(ETN), and VIX and their corresponding denominations, just to name a few. In any event, it would be fair to say that after today's close and going forward, these volatility indexes are ready for takeoff. The catalysts are not exactly clear, though. Election alone can't spark them, and if Covid triggered the last significant run, what's next? This, only time will tell, but the 'vola' indexes are nonetheless ready for takeoff.
AMEX:UVXYLong
by JuanLagos94
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