DXY: Will Start Growing! 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 bulls are taking over so we will bend to the will of the crowd and buy too.
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Index
DXY Double Bottom And Breakout! Buy!
Hello,Traders!
DXY was going down
But the index has established a
Double bottom pattern which is
Also a support at around 102.081
And the broke the falling resistance
So these two bullish signals
Make me expect a move up
Towards the target above
At the 103.109 level
Buy!
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Check out other forecasts below too!
US500: Will Keep Falling! Here is Why:
Looking at the chart of US500 right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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CAC to stall at previous support?FRA40 - 24h expiry - We look to Sell at 7200 (stop at 7300)
Previous support located at 7050.
Previous resistance located at 7150.
Price action has stalled at good resistance levels and currently trades just below here (7150).
Risk/Reward would be poor to call a sell from current levels.
A move through 7050 will confirm the bearish momentum.
Our profit targets will be 6950 and 6900
Resistance: 7150 / 7200 / 7300
Support: 7050 / 7000 / 6950
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Nasdaq go DownIn my opinion, given the slowness with which it fails to break through area 12850 and given the situation of bank deterioration, in my opinion there is a good chance of seeing the Nasdaq go down to a minimum of area of 9,900 points. This, by the way, is a Fibonacci extension level that starts from the highs of January 2022 until the lows of October 2022 and then the other leg goes up to 38.2% which is nothing more than the recovery started in November until February. If the Nasdaq doesn't break up around 12850.. the chances of going very low are high. Conversely, only a quick upward breakthrough of the aforementioned area will be able to indicate in the 13600 area.
US100: Short Trading Opportunity
US100
- Classic bearish pattern
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Short US100
Entry - 12716.0
Stop -12920.8
Take - 12407.2
Our Risk - 1%
Start protection of your profits from higher levels.
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SPY S&P 500 ETF Put OptionsI think SPY is nicely following the path to reach $348 by mid-2023 to form a Double Bottom pattern:
My choice for puts is as follows:
2023-4-21 expiration date
$375 strike price
$2.79 premium.
I plan to exit fast, won`t hold until expiration.
Looking forward to read your opinion about it.
Watchlists of SPX Sector ComponentsUse RSC indicator to spot strong stocks in related sector.
Useful watchlists of SPX sector components:
AMEX:XRT : www.tradingview.com
AMEX:XLY : www.tradingview.com
AMEX:XLV : www.tradingview.com
AMEX:XLU : www.tradingview.com
AMEX:XLRE : www.tradingview.com
AMEX:XLP : www.tradingview.com
AMEX:XLK : www.tradingview.com
AMEX:XLI : www.tradingview.com
AMEX:XLF : www.tradingview.com
AMEX:XLE : www.tradingview.com
AMEX:XLC : www.tradingview.com
AMEX:XLB : www.tradingview.com
US30: Long Signal Explained
US30
- Classic bullish setup
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Long US30
Entry Point - 32282
Stop Loss - 31912
Take Profit - 32834
Our Risk - 1%
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SPX500 | Short IdeaI see a significant pattern setting up for more downside on this index.
- engulfing candle patterns at major daily 200 EMAs
- PA below the 200 EMA on the daily
- a flag (bearish) pattern has been completed
- layering on the fundamentals of gold/silver and even bitcoin being purchased over more "risky" stocks - especially this banking fiasco.
2.3 : 1
1% risk - Happy Trading!
Stock Market March 23' ⚔️ Long Vs. Short Well , just as any other chart, we must keep things simple. Price has made a new Low after Ranging for 120 days/4 Months. There is Liquidity Built up in the market. If we maintain bearish momentum then we will see 31,198 very soon. Price is testing 32,082 at the moment. We may return to the low from OCT 22' due to clean traffic on the weekly timeframe and plenty of fundamental reasons to be concerned about. 32,082 must hold for bulls or we are falling off a cliff here.
NASDAQ BUYS TO THE MOONThe weekly and daily timeframe is showing a bullish trend, and remember the idea of the CADCHF setup I posted, this is what was expected to happen there.
What do we expect here? A retest to 12000 SUPPORT zone and a bullish move to 13720. This is a long term buy for NASDAQ.
Please do share, and give a follow to support.
SPX Can Drop More, Watch For Bearish Continuations
Here on S&P500, price has completed a larger continuation correction on the larger scale, and lower time frame is showing more bearish price action.
What we can see now is the price has clearly move down in an impulsive phase on the latest development since last week. This is good sign for more bearish price action this week.
For now, its best to see if another consolidation could form this week, and continue the bearish trend down to the previous lows.
✅US30 WILL KEEP FALLING|SHORT🔥
✅US30 is trading in a
Downtrend and the index
Made a good pullback
From the resistance cluster
So I am bearish biased
And I think that we will see
A further move down
After some local correction
To the upside on the
Smaller timeframes
SHORT🔥
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