US100, how low will she go?Hey folks,
Taking a look at the US100 index we can see a few trend lines extending from the September 2020 correction.
We can see that the price dropped from the upper most trend line 3 times prior to the current attempt to break above.
Currently, the price is finding support from the mid trend line extending from June 2021. Now, the measurement from all-time-highs to the current low is ~7.35%.
A couple of things can happen from this point.
1) We continue to see support at the mid trend line and the price moves higher from here.
2) We see further downside from here to find support at the lowest trend line.
If the later is true, the measurement from the peak to the bottom trend line would be ~10.35%.
I think there is a high probability of point 1 happening due to the confluence of support from the trend line and the price level of 15701.8.
However, if the price does break below the mid trend line we could see a wick down to 14904.8.
Indexanalysis
DAX: Landing Pad! 🚁🚁🚁For the DAX, we expect that the course will come back and reach the trading zone for a second time. Then, the course should have enough power to push through the resistance at 16024 points and further increase past 16900 points.
Keep trading!
Bank nifty at crucial resistanceBNF is at a crucial resistance .
But in a narrow range .
Expiry can be volatile .
Be cautious
DAX: Push, Push! 😎😎😎The German index has had its troubles with the resistance at 15806 points. However, the longer the course is stable and close to this mark, the more positive are we that the final push will come soon. Once above 15806 points, we expect the course to reach new all-time highs around 16591 points.
Patience is key!
NASDAQ TO COMPLETE THE PATTERN ON THE DAILY TIMEFRAME ? ON the Daily timeframe we have an M formation and we would like to see the price to retest the neckline before the continuation to the downside. Also On the monthly timeframe we can obviously see an overextended W formation which neckline aligns perfectly with the demand zone highlighted on the Chart. We want to catch that impulse to the downside with a good R/R if the pattern is ready to be completed.
If you enjoyed this analysis smash that like button and share. In the event you have a different opinion please d'int hesitate to comment below as we would like to get more insights on this index.
NASDAQ LBLS study -Important point to Check before tradeThis idea is based on the LongBuyLongSellIndicator Script. You may find the script here click
Current price is near 107 ,there is no doubt that NASDAQ trying to make Higher and Higher as it has been in green for several candles .Thanks to LongBuyLongSellIndicator showing the green candles with no red in between though there was small downs.
Before making any move higher than 109 and above the price drop must happen and it will touch the 105 level. Check the yellow line drawn along with the price moves that clearly shows the down trend is need of the hour.
Be cautious before making any bull trade . A small fall is expected before any bullback is happening.
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Trump and US-China Deal Attract the AttentionIt was risk-on mood after yesterday Trump teased traders with hope of a US-China trade deal by tweeting “Getting VERY close to a BIG DEAL with China. They want it, and so do we!”
If the both sides can’t reach an agreement within the next few days, additional tariffs will be imposed on imported Chinese goods on Sunday, December 15th. If a deal is reached before Sunday, the tariffs will likely not be imposed, and current tariffs may be rolled back. The big question that remains is, “How much of the existing tariffs will be rolled back?” We saw following reports by the Wall Street Journal that U.S. negotiators offered to cut tariffs by 50%. But until Trump makes an official announcement, which must occur before December 15, the tariffs could still be imposed.
The Dow Jones index has touched new record highs yesterday at $28,225. At this point in time it’s likely that we will continue to see pullbacks as buying opportunities. If the price break above the yesterday's high we could expect the bulls to extend the upside momentum towards 28,250 (the upper line of Bollinger Bands).
But we wouldn’t be surprised at all that if by the end of the day Friday we don’t get any hint of a delay of the tariffs by Donald Trump and than the stock market pulls back significantly. The first support of course is the psychological 28,000 level. The 50-day SMA follow it, which has risen to 27,374. A clear break here could send DJIA 30 to retest the Dec. low at 27,325. If the tariffs do in fact go into effect, it’s likely that this market will gap down on Monday, so at this point it’s probably best to stay aside.
All things being equal, but we think that the next 24 hours or so could be a bit dicey. In the next trading day you can throw out technicals of the window and it's possible to see "Buy the rumor, sell the fact" trading. Don’t forget the “Santa Claus rally” either.
DOLAR - APESAR DO GRANDE VOLUME DE VENDAS...Indexadores que utilizo para medir as demandas internacionais e locais estão indicando que pode haver uma alta significativa neste novo movimento a seguir.
Nossa Bolsa B3 está firme e forte, no entanto a festa é só pra o pessoal local, pois os convidados de fora não quiseram comparecer.
Resumindo, não temos atrativo externo para balancear a demanda por divisas a favor do Real, pelo menos ainda não. Pode ser que isso venha lá com a aprovação da reforma tributária, pode ser que não venha. Eu continuo acreditando que o Dolar a R$ 5,00 seria muito mais benéfico a nossa economia do que ele neste patamar. Infelizmente porque minhas viagens internacionais podem ficar mais caras.
SP500 100-150 point correction in 2 months*Weekly Time Frame*
Setup can take 2 months to show.
Also the Daily Time Frame shows some bullish movement, when the daily time frame also turns bearish its time to short sp500 for 100-150 points, maybe more if the lower range breaks.
When the Daily Time Frame turns bearish I shall also update this idea.
A broke of the range followed by some small side ways trading was always followed by a drop down.
Now its showing the same setup again while also the Stoch Rsi looks bearish and Adx shows the bullish trend gets weaker.
This tells me that in about 2 months the SP500 will show a small correction of aroun 100 points and maybe more if it also breaks the lower range which has remained intact for over a year so far.
When the daily time frame also turns bearish its the perfect timing to short the SP500. I shall update this idea when that happend and also a shall publish a new idea based on the daily time frame.
What is happening with the stockmarkets right now?If we look at the indexchart of the AEX (dutch25) we are seeing high consolidation. This means that markets are on this moment unpredictable and are waiting for more information.
Why can't we predict the markets?
Because we saw at the past that markets dind't react as expected on politics and economic data. This means that the most people are afraid to place orders. Wich can turn on a consolidated market.
What to do?
Because i only go long i'm waiting for a drop or breakout in the market. If this happen, i will go long.
