✅US100 POTENTIAL SHORT FROM RESISTANCE🔥
✅US100 is going up to retest a horizontal resistance of 15,291
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 15,000
SHORT🔥
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Index
S&P500 (US500) -06/29/2023Preferred direction: BUY
Comment: This week the buyers managed to reverse the price near the level of 4337.2, thereby resuming the buying priority. A good entry point is located at the current levels, but one need to be ready for re-entries. The growth target is located near the resistance 4440.7.
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✅DXY BULLISH SETUP|LONG🚀
✅DXY broke the resistance
Cluster of the falling and
Horizontal resistance lines
At around 102.515 and went
Up so we are now bullish biased
On the index and after it retested
The demand area below I think
That we will see a move up
LONG🚀
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US30 Will Explode! BUY!
My dear subscribers ,
Please, find my technical outlook for US30 below:
The price is coiling around a solid key level - 33712
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 34010
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Weekly Update: Has the Nasdaq Topped?The Nasdaq market has been the most impulsive looking of the indices. Having stretched slightly above the .786% retracement off the move down from November 2021 highs to the October 2022 lows, price looks to challenge the overall bearish structure.
Unlike the other indices, the Nasdaq shows a clear impulsive structure. However, the problem with this idea of the NQ reaching all time highs is much the same story in all the other indices. The manner in which price started this rally off the October lows. In my opinion, it continues to tell the tale of this type of price action. One would expect a move to new highs starting off with an impulsive 5-wave structure. In the NQ, the only potential bullish structure off the lows is a leading diagonal. Although it is a motive wave and a push to new highs starting off with a diagonal is valid, diagonals tend to be highly unreliable structures.
Therefore, I have to maintain that this move higher is still a B-wave counter trend rally that reconciles eventually in the 7000-9000 sometime next year.
Although it is possible to retrace some and make one more high as displayed in my purple labeling, I now have a full count to the upside. Therefore, I will maintain this purple alternative count as long as price is above 14250. Below 14250, and my expectation is to ultimately resolve this larger bearish structure at far lower levels.
DXY: Bullish Continuation is Highly Probable! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current DXY chart which, if analyzed properly, clearly points in the downward direction.
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