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Trading the Triangle: S&P500 is Bullish and Target New HighsHuge triangle in formation on the S&P500. The short term indicators are bullish: we are above the 150 day and 200 weeks moving averages, both being used as support when price is above them. Price has been contracting last few weeks and traders are waiting to pick a direction. The bearish target would be 2700$, a price we didn't see since the sanitary crisis. The bullish target would be a new all time high at 5270$. Let's see.
SP:SPX
by cyatophilum
3
MarketBreakdown | GOLD, USDJPY, SILVER, US30 Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ Gold (XAUUSD) 4h time frame 🟡 Gold is perfectly respecting a minor rising trend line. So far, I would expect a bullish continuation from that. Goal for buyers might be the underlined yellow resistance. If you are looking for shorting, consider a bearish breakout of the trend line. I can give you a perfect confirmation to sell. 2️⃣ USDJPY daily time frame 🇺🇸🇯🇵 The market is approaching a solid horizontal resistance. Taking into consideration that the pair is quite overbought and trading in a bearish trend, I believe that probabilities will be high to see a bearish move from that. 3️⃣ Silver (XAGUSD) 4h time frame 🪙 I spotted a cute bullish accumulation pattern - an ascending triangle formation. The price has successfully violated its neckline. It looks like the market will keep growing. 4️⃣ Dow Jones (US30) daily time frame The market is approaching a solid daily resistance. We see its breakout attempt now. If a daily candle closes above that, the Index may go much higher. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
13
S&P500 Index (SPY): Classic Trend-Following Pattern S&P500 Index is trading in a bearish trend. Once, the price set the last low on a daily, a correctional movement started. The market was steadily growing within a bearish flag pattern. To catch a bearish continuation, wait for a bearish breakout of the support of the flag. If the price breaks and closes below that on a daily, a bearish continuation will be expected. Goal will be 3830 ❤️Please, support my work with like, thank you!❤️
BLACKBULL:SPX500Short
by VasilyTrader
11
Will the FOMC continue the US30s run higher?Traders will be looking forward to today’s FOMC seeking future direction on rates as inflation starts to cool but remains high. The new banking crisis has also significantly influenced the markets over the last several weeks. Stocks have been one of the markets hardest hit by the uncertainty thrown up by the banking crisis. The US30, in particular, has been hard hit, and sellers cut just over 7% off the index in four weeks. Looking at recent price action, we can see some buyer confidence returning after bailouts, and political action was taken to help stop the rout. The US30 held support and broke its tight range yesterday with a 0.98% rally. Inflation and rates had been key influences before the banking issues arose. Today’s FOMC could play an important role in the short term. Rates are now basically priced in with a 25-point increase, and Fed trackers see a 15% chance of a hold at an 85% chance of a 25-point increase. The statement for us is the important part unless we see a hold which would be unexpected and should give the US30 a boost through its trendline. If the Fed remains hawkish and discounts the banking issues, this could set off selling with worry over higher rates and possible inaction to support the sector. If the message is more to the dovish side, we will be looking for further upside from the new up leg, and hopefully, a break of the current trend could show signs that the correction could be starting to wain. Minor resistance remains at 32,600, and support is seen at 31,850. Price continues to hold a series of LHs and LLs, but a new push higher could break that pattern. The short term comes down to the fed message, which will be released at 05:00 am AEDT with the Federal funds rate. The press conference follows at 05:30 am.
EIGHTCAP:US30Long
by Eightcap
Dow Jones Index (US30): Key Levels to Watch This Week Here is my latest structure analysis and key levels to watch this week on Dow Jones. Support 1: 31420 - 31830 area Support 2: 30690 - 30900 area Support 3: 30070 - 30360 area Resistance 1: 32250 - 32610 area Resistance 2: 33430 - 33660 area The market is currently stuck between Support 1 & Support 2. The market participants are awaiting the interest rate decision on Wednesday. It will most likely clarify the future direction of the market with a breakout. Consider the underlined structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
9
Dow Jones short ideaOn the 4-hour timeframe, the US30 is showing signs of weakness. The stochastic indicator, which measures the momentum of the price, is currently in overbought territory, indicating that the market may be due for a reversal. A reading above 80 on the stochastic indicator is typically seen as a bearish signal. Furthermore, the price has been trading below the 50-period moving average, which is a bearish signal. Additionally, there has been a series of lower highs and lower lows, which further indicates a potential shift in trend from bullish to bearish. Based on these technical indicators, I believe that there is a good opportunity for shorting the US30 on the 4-hour timeframe using the stochastic indicator. However, it's essential to manage your risk properly and use appropriate position sizing. Always remember to do your own research and analysis before making any trades.
UShort
by Elite_Forex
SasanSeifi 💁‍♂️ DOWJONES / 4H ⏭ 33400 ?HI TRADERS ✌ As you can see, the desired scenario of the DowJones index is specified on the chart.Currently, it is trading in the range of 33246. I expect the trend to grow to the liquidity range of 33400. Then it will be corrected by collecting liquidity from the 33400 range, we have to see how it will react. If it stabilizes above the range of 33400, the target of 33700 can be considered. Keep in mind that maintaining the 32,900 range is important for the continuation of the positive swing. let's see... ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
SKILLING:US30Long
by SasanSeifi
2
Dow Jones Index (US30): Key Levels to Watch This Week Here is my latest structure analysis for US30 Index. Support 1: 32470 - 32650 area Support 2: 31700 - 31975 area Resistance 1: 33475 - 33660 area Resistance 2: 34300 - 34500 area Resistance 3: 34820 - 34900 area Vertical Resistance 1: major rising trend line. Currently, the market is approaching a confluence zone based on Vertical & Horizontal Resistance 1. Probabilities will be high to see a pullback from there. Consider the underlined structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
10