US500 - Break or Make Zone ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 After successfully rebounding from the previous major low at 4340.0, the US500 has displayed an overall bullish trend over the past few days.
However, it currently faces a formidable resistance level, which suggests that bearish pressure could emerge in the near future.
📉 For the bears to gain control, a break below the most recent minor low at 4487.0 is essential.
📈 Conversely, if the bulls maintain their dominance and manage to breach the 4540.0 resistance, we can anticipate further bullish momentum towards the subsequent resistance at 4600.0.
Which of these scenarios is more likely to occur first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Index
DXY D1 - Long SetupDXY D1
Amended the order details on the long measure a little bit here for the dollar index, we are now looking to get off the ground following the retest. That being said, this fell on the basis of softer figures yesterday, we have a cluster of data to follow today to be cautious of.
News events and risk events move markets on swing timeframes when it's with regards to inflation and central bank action, but often other data points may just be short lived effects. Really hoping to see this dollar pick up again though.
Shanghai Stock Market (SSE Composite Index): A Closer LookThe Shanghai Stock Market is like a financial puzzle, and right now, it's showing us some interesting moves.
First, the rise in the 10-year yield from 3-year lows suggests that there might be changing expectations about economic growth, inflation, or monetary policy. This could be due to a variety of factors such as improved economic prospects, inflation concerns, or changes in the global interest rate environment. The central bank also did something important by closing a 5-billion yuan money deal. It's like they're keeping a watchful eye on how money is moving around. On top of that, they pumped a massive 385 billion yuan into the system, which can make things more exciting.
Now, let's talk about Ichimoku Cloud analysis. It's like a weather forecast for the stock market. Right now, it's showing that the market might be heading up, which is a positive sign. However, the cloud isn't very thick. This means we should be a bit cautious.
There's another important sign on this chart. Tenkan points up, suggesting the market might go up soon, even though it's under Kijun resistance line. It's a bit like seeing a green light at an intersection, even if the other light is still red.
So, as we decode these numbers and signals, it's clear that the Shanghai Stock Market is in a state of flux, with various factors at play. Investors will need to stay vigilant, considering both the data and the bigger economic picture to make informed decisions in the coming year.
QQQ: Great Trading Opportunity
QQQ
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long QQQ
Entry Point - 364.07
Stop Loss - 352.75
Take Profit - 385.54
Our Risk - 1%
Start protection of your profits from lower levels
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SPX S&P 500 Fell down after the U.S. Credit Downgrade As I said in the last SPX article, the S&P 500 experienced a notable decline of 10% within three months after the previous U.S. credit downgrade:
Now it seems like SPX, the S&P 500 index, started to follow the pattern.
According to the past retracement, this time the Price Target of SPX is $4080 by October.
Looking forward to read your opinion about it.
DXY Will Keep Growing! Buy!
Hello,Traders!
DXY broke the key
Horizontal level of 103.5
And the breakout is confirmed
After which the index went down
Retested the broken level and is
Now going up again so I
Believe we will see a move up
Buy!
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Check out other forecasts below too!
Market Structure Shift | DXY LongDXY failed to take liquidity at 101.748 and gave a structural shift to the upside with 4H bullish momentum candles indicating a potential long, i expect a reach to a target above 103.372 in to the supply zone.
DXY might take liquidity at 102.432 or tap into the demand zone(buy zone) below 102.311 before hitting the supply zone 103.372.
SPX500USD: Will Start Falling! Here is Why:
Balance of buyers and sellers on the SPX500USD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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SPY: Bullish Continuation & Long Trade
SPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy SPY
Entry Point - 436.50
Stop Loss - 429.43
Take Profit - 449.75
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL: Bearish Continuation is Highly Probable! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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