Indexes
Dollar Index (DXY): Key Levels to Watch 💵
Here is my latest structure analysis for Dollar Index.
Resistance 1: 105.3 - 105.8 area
Resistance 2: 106.8 - 107.2 area
Resistance 3: 107.80 - 108.area
Support 1: 103.6 - 103.95 area
Support 2: 102.25 - 103.2 area
Vertical Support 1: rising trend line
Consider these structures for pullback/breakout trading.
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Dollar Index (DXY): Key Level Ahead! Your Plan: 💵
Bull run continues on Dollar Index.
Ahead is a key horizontal resistance.
Next week, watch carefully the reaction of the price to 105.3 - 105.8 area.
If the price breaks and closes above that on a daily,
one more bullish wave will be expected.
Next goal will be 106.8
Alternatively, the price may also retrace from the underlined area.
If I see a confirmation, I will post an update.
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Nasdaq-100 Index (US100) Short Trade Explained
Nasdaq Index is approaching a key daily structure resistance.
The price has formed a descending triangle formation on that on 1H time frame.
Its neckline was broken, and an hourly candle closed below that, confirming a highly probable coming bearish movement.
Next support: 12000
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S&P500 Index (SPY) Time For Pullback 📈
S&P500 index reached a daily horizontal support.
A doji candle was formed on that.
Today, bulls started to push.
The price broke a resistance line of a falling parallel channel.
I expect a pullback to 4040 / 4060
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DOLLAR INDEX (DXY) Bullish Continuation 💵
Update for my yesterday's post on Dollar Index.
The market successfully broke the neckline of a triple bottom pattern on 4H.
We see a positive bullish reaction after a retest.
A bullish continuation is expected now to 104.56 / 104.95
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Dow Jones Index (US30): Detailed Technical Outlook 📈
Dow Jones is consolidating within a horizontal trading range for more than 4 weeks.
Depending on the reaction of the price to its lower boundary,
the market may drop sharply.
To confirm a coming bearish wave, wait for a bearish breakout of 33450 - 33660
and a rising trend line. We need a daily candle close below them 2 to confirm the breakout.
A bearish continuation will be expected then.
Goal will be 33060.
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Dollar Index (DXY): Your Detailed Trading Plan💲
We have spotted earlier a confirmed structure breakout on Dollar Index.
The market is retesting that at the moment.
To catch a bullish move from that with a confirmation, watch a double bottom pattern on 4H time frame.
104.05 - 104.09 is its neckline.
Wait for its bullish breakout, we need a 4H candle close above that to confirm the violation.
A bullish continuation will be expected then to 104.55.
If the price sets a new lower low, the setup will become invalid.
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Dollar Index (DXY): Bullish Outlook For Next Week Explained💲
Hey traders,
I see 2 very important bullish clues on Dollar Index on a daily time frame:
first, the price successfully broke and closed above a falling trend line,
then, a resistance of a narrow horizontal trading range was broken.
Now, the price is preparing to retest the broken structures.
I will expect a bullish movement to 105.1
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Dow Jones Index (US30): Detailed Technical Outlook 📈
Price action analysis on US30 Index.
Key levels & the things to watch.
Your detailed trading plan.
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Nasdaq-100 Index (US100) Bearish Outlook Explained
Nasdaq reached a key daily supply zone last week.
The market was rejected heavily from that.
Analyzing a 4H time frame, I spotted a confirmed bearish reversal:
the price formed a double top pattern and closed below its neckline.
The index may drop soon to 12279 / 12058
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US30 Outlook 2/5US30 price action hasn't been pretty over the last week, I still see reasons for it to appreciate, but I think the low of last week could be taken out first. Either way I don't love the PA and probably wont be trading it in the short term.
Dollar Index (DXY): Bullish Continuation Ahead 💲
Dollar Index reached a key daily structure support this week.
The price gapped down and closed below that on a daily.
It turned out that it was a false breakout.
The market bounced sharply on Friday, forming a high momentum bullish candle.
I think that the index may go higher.
The goal for buyers is 103.3 level.
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Dow Jonex Index (US30): Your Trading Plan For Next Week
Dow Jones was nicely rejected from a horizontal key resistance.
The market is currently growing within a rising channel on 4H.
I would look for shoring opportunities after its support breakout.
Wait for its violation and then sell aggressively or on a retest.
Goals: 33570 / 33315
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Nasdaq-100 Index (US100) Important Breakout
After the yesterday's rate high, US100 index broke a key daily structure resistance and closed above that.
The broken structure turned into support.
The index will most likely keep growing.
Next resistances: 12769 / 13130
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Dollar Index (DXY): Key Levels to Watch 💵
Here is my latest structure analysis for Dollar Index.
Support 1: 101.0 - 101.3 area
Support 2: 99.25 - 99.95 area
Support 3: 97.25 - 98.1 area
Resistance 1: 103.4 - 103.8 area
Resistance 2: 105.15 - 105.8 area
The market is slowing down after a strong bearish wave.
We will most likely see a pullback from Support 1.
Consider the underlined structure for pullback/breakout trading.
S&P500 Index (SPY): Bullish Outlook Explained
Hey traders,
As I predicted, S&P500 index has nicely respected a key horizontal structure support on a daily.
I believe that the market will keep growing next week.
Goals: 4014 / 4059
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