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Analyzing Nasdaq-100 $NAS100 for Potential Double Top ReversalThe NAsdaq-100 (NAs100) index is currently displaying a classic double top formation on the weekly timeframe, signaling a potential bearish reversal following a robust 7-month rally. This surge was primarily propelled by a select group of companies utilizing AI technology. A Double Top pattern, characterized by two almost equal peaks, serves as a bearish reversal indicator. It suggests a potential shift from an uptrend to a downtrend, signifying a slowdown in buying pressure and an emerging influence of sellers in the market. To confirm a downtrend, keen observation of the critical support level at 14,500 is vital. A breach below this level would not only cross the intersecting trendline but could potentially prompt a 5% decline in the index in the short term. Such a move could mark the beginning of a bearish market sentiment. An intriguing correlation exists with NVIDIA's chart, which shares similarities with this pattern. Thus, it's imperative to closely monitor this tech giant's performance, given its significant influence on the broader tech sector and, consequently, the entire market. This information should be viewed as guidance and not definitive instructions. Thorough research and consultation with a financial advisor are essential before making any investment decisions.
OANDA:NAS100USDShort
by Blast910
DAX potential 500 points LONG! Retesting LOW VWAP BAND Helloo Traders:) DAX has already double-tested the lower limit of VWAP -1, accepting this level twice with a dynamic break to the upper limit of VWAP. Currently, the session closed above the level of the lower line VWAP. What may announce another positive break towards the upper limits of the VWAP. Opening a long position after Heikin Ashi generates confirmation. Negation of the scenario after going below and closing the candle fully below the lower limit of the VWAP. If you are curious how VWAP works, I have created a short tutorial available on my TradingView profile. I wish you good trading week!
EUREX:FDAX1!Long
by Vezzeris
SPY S&P 500 etf Options expiring next weekIf you haven`t bought puts ahead of the FED`s Interest Rate Decision last week: Which happen to end up 4.18X higher after the Federal Reserve suggested the likelihood of another rate increase in the near future. Then you need to know that SPY is approaching an oversold area. And historically, as you can see in the RSI chart, in these areas technical players tend to buy the dip, anticipating a technical rebound. In this context, and looking into the options chain, I would consider the following Calls expiring next Friday: 2023-9-29 expiration date $430 Strike Price $4.38 Premium Looking forward to read your opinion about it!
AMEX:SPYLong
by TopgOptions
3
SPY S&P500 ETF Options ahead of the FED Interest Rate DecisionThe latest Consumer Price Index (CPI) report this week has shown inflationary pressures, with a 0.6% month-on-month increase in CPI, in line with expectations. Additionally, the core CPI, which excludes volatile food and energy prices, also saw an uptick, rising by 0.3% month-on-month, above expectations at 0.2%. On a year-on-year basis, CPI has surged to 3.7%, surpassing the anticipated 3.6%. Moreover, core CPI, at 4.3% year-on-year, has held steady as per expectations. These numbers underscore the persistent inflationary trend we have been witnessing. Such elevated levels of inflation can be concerning for financial markets, as they often lead to higher interest rates. With the upcoming FOMC meeting, there is speculation of another 0.25 basis points rate hike, which would further tighten monetary policy. In light of this, I`m considering the following Puts: September 29, 2023 expiration date, $440 strike price, and $2.25 premium, to align with the bearish sentiment. This strategy could potentially be prudent given the expected market conditions. However, it is crucial to remain vigilant, as market reactions to FOMC decisions can be unpredictable and swift. Looking forward to read your opinion about it.
AMEX:SPYShort
by TopgOptions
1
S&P500 Confirmed sell as it crossed the MA100 (1d).The S&P500 index crossed today under the MA100 (1d) for the first time since March 28th. Since October 2022, the pattern is a Channel Up and the current decline since the July 27th top still has room to fall before it hits the pattern's bottom. Trading Plan: 1. Sell on the current market price. Targets: 1. 4250 (bottom of the Channel Up and potential contact with the MA200 (1d)). Tips: 1. The bottom's of the long term Channel Up have beem formed when the RSI (1d) completed Lower Lows near or under the 30.00 level. Be ready to book the profit if you see a rebound after the RSI makes a Lower Low. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Short
by TradingBrokersView
DXY ANALYSISThe decision to raise interest rates is happening tomorrow. 99 percent estimate that interest rates will remain the same. As far as the analysis is concerned, we see divergences on both the momentum and RSI on the daily. I honestly expected it to reach the swing high of $106, but nothing is over yet. Will everything be so simple and the Shorters will win there or will the Fed do something again where both sides will lose It can be seen that the trend is weakening, but it is better to wait for the decision. If you like put like and comment!
TVC:DXYLong
by learnfromfailure
SPX, Major H-S-Formation To Crucial Reversal!Hello, Welcome to this analysis about the SPX and the daily timeframe perspectives. In recent times many indices within the market already showed up with precarious pullbacks in the structure that should not be underestimated so also the SPX. As when looking at my chart we can watch there how the Index is forming this major decisive head-shoulder-formation with the left shoulder and the head already completed. Now as the right shoulder develops in the structure this is a likely setup for the completion of this whole formation which will happen when the SPX finally breaks down below the neckline as it is shown in my chart. Such a setup will be the finalization of the whole head-shoulder-formation and the SPX is likely to follow up with a bearish continuation till reaching out to the 4.380 zone from where the situation needs to be elevated again. If the SPX in this case does not hold this level and do not shows up with a reversal in the structure the possibility of a continuation-setup increases in which the SPX will form a bear-flag or similar continuation formation. If this completes a continuation will move on within the bearish-continuation-zone marked in my chart in red. Currently we should not keep these determinations from the desk and be prepared on upcoming volatilities, it will be an important journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
7
RUSSELL 2000: Can drop more before an end-of-year rebound.Russell 2000 broke again today under the 1D MA200 after failing to close over the 1D MA50 on September 1st. Despite numerous breaks under the 1D MA200, all candles managed to close over it. If today's close under it (first time since June 5th) along with the bearish 1D technicals (RSI = 35.725, MACD = -19.100, ADX = 32.380), we expect the price to drop more inside the HL Zone. Then it will become a buy opportunity again and we estimate an end of the year rally towards the R1 Zone again (TP = 2,015). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CME_MINI:RTY1!
by InvestingScope
3
S&P500: Channel Down bottom and HL Support cluster. Buy?S&P500 hit today the HL trendline from the August 18th Low, while approaching the bottom of the Channel Down pattern. Despite this short term weakness, the 1D timeframe remains on neutral technicals (RSI = 46.932, MACD = 8.582, ADX = 32.119). This indicates that it may be an opportunity for sideways trading until we see a clear long term trend. Consequently, we are buyers on this level, expecting a rebound to the top of the Channel Down and the 0.786 Fibonacci level (TP = 4,490). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
1
HANG SENG: Buy signal on the bottom of the Channel Down.Hang Seng got rejected on the 1D MA50 two weeks ago and is headed again to the bottom of the Channel Down pattern. The 1D timeframe turned red again on its technical outlook (RSI = 41.280, MACD = -221.700, ADX = 20.498) and this is becoming a buy opportunity again. Every prior rise inside this Channel Down has been at least +10.90% so the one that started on the August 22nd low isn't technically completed. Buy and attempt contact with the 1D MA200 (TP = 19,400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
HKEX:HSI1!Long
by InvestingScope
1