Dollar Index (DXY): Bearish Outlook 💵
We spotted a head and shoulders pattern on Dollar Index on a key resistance last week.
Probabilities are high, that the market will reach 104.19 support soon.
Be prepared for a bearish continuation.
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Indexes
Dollar Index (DXY): Bearish Outlook For Next Week 💵
Dollar Index is trading in a bearish trend.
After a bearish breakout of key structure, the market retested that.
The price formed a head & shoulders pattern and violated its neckline then.
We see its retest now.
I believe that the market will keep falling.
Next support - 103.73
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Dollar Index (DXY): Bearish Continuation 💵
Update for Dollar Index:
Yesterday, we spotted a head and shoulders pattern on a 4H time frame.
Its neckline was broken later on.
The index will most likely keep falling.
Goals: 104.18 / 103.8
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Dollar Index (DXY): Waiting For Breakout 💵
Dollar Index is coiling around a solid horizontal supply area on 4H.
The price formed a head and shoulders pattern, testing that.
The next bearish move will most likely initiate after a breakout of its horizontal neckline.
We need a 4H candle close below 104.87 - 105.05 to confirm the breakout.
Goals will be 104.18 / 103.8
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S&P500 Index (SPY): Your Trading Plan For Today
S&P500 Index is trading within an expanding wedge pattern.
The price is currently approaching its support.
To buy with a confirmation, watch an hourly time frame.
I spotted a double bottom pattern there.
4008 - 4011 is its neckline.
Wait for its bullish breakout. You need an hourly candle close above to confirm that.
Buy aggressively or on a retest.
Goals will be 4041 / 4059
If the price sets a new low, the setup will be invalid.
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DOLLAR INDEX (DXY) Technical Outlook & Levels to Watch 💵
Here is my latest structure analysis for Dollar Index.
Support 1: 103.4 - 103.8 area
Support 2: 101.3 - 101.7 area
Resistance 1: 104.6 - 105.6 area
Resistance 2: 106.8 - 107.2 area
Resistance 3: 107.8 - 108.0 area
The price broke a very important demand cluster last week, it turned into Resistance 1.
Probabilities are high that the index will drop from that area at least to Support 1.
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Dollar Index (DXY): Bearish Outlook Explained 💲
Hey traders,
Dollar Index was testing an important demand zone on a daily time frame this week.
Yesterday, the price violated that: we see a daily/weekly candle close below.
It may push the index lower next week/
Next support - 103.8
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S&P500 Index (SPY) Detailed Technical Outlook 📈
S&P500 index is trading within an expanding wedge pattern on a daily.
The price was stuck within a horizontal trading range for 2 week.
Its resistance was finally broken yesterday.
I think that it may push the market higher.
Next resistance - 4118.
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Nasdaq-100 Index (US100) 2 Scenarios Explained
Us100 index is approaching a peculiar horizontal support.
Depending on the reaction of the price to that structure, I see 2 potential scenarios.
Bearish
If the price breaks and closes below 11480 - 11550 horizontal support on a daily,
I will expect a bearish continuation at least to 11200 level.
Bullish
The price may also respect the underlined green structure.
If the price breaks a falling parallel channel to the upside on a 4H,
I will expect a pullback to 11650.
Wait for a breakout, that will indicate you the future direction of the market.
What do you expect?
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Dow Jonex Index (US30): Key Levels to Watch
Here is my structure analysis for US30 index.
Resistance 1: 34100 - 34400 area
Resistance 2: 35200 - 35500 area
Support 1: 33100 - 33400 area
Support 2: 32480 - 32550 area
Support 3: 31700 - 32000 area
Consider these structures for pullback / breakout trading
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Dow Jonex Index (US30): Important Resistance Ahead
Hey traders,
Dow Jones Index is approaching a key level.
The underlined yellow area is based on a historical structure that was respected many times in a row recently.
I will expect a pullback from that.
Wait for a confirmation on lower time frames to short next week.
I will post an update once I spot a decent setup.
Have a great weekend!
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$XLE looks like a short- back to $60?I know everyone wants to be bullish energy, and I agree with the thesis over the long term, but the shorter term looks ugly.
XLE looks like it's topped out here and wants to fall back to the $70 range, or below back to $60 (as this region has never been tested as support on the way up).
I'd be a seller here and not a buyer. I do think a drop to $60 or so is a good long term buy.
S&P500 INDEX (SPY) Bullish Outlook For Next Week
Hey traders,
We have spotted a confirmed bullish breakout of a bullish flag pattern on S&P500 Index on 4H time frame.
Retesting the broken trend line, we see a positive bullish reaction.
I will expect a bullish trend continuation next week.
Goal - 4030
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S&P500 Index (SPY) Time to Grow?! 📈
S&P500 index dropped to a key level yesterday.
Approaching that, the price bounced and violated a resistance line of a bullish flag pattern.
I expect a growth now.
Next resistance - 4030
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Dow Jonex Index (US30): Very Bullish Outlook
Hey traders,
US30 is trading within a narrow intraday horizontal trading range.
The price reached its lower boundary yesterday.
I expect a bullish movement to 33900.
A double bottom formation on an hourly time frame gives us a nice confirmation.
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Dow Jones Index (US30): Detailed Technical Outlook 📈
Top-down analysis on US30.
Price action & key levels.
Potential scenarios.
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Nasdaq-100 Index (US100) Important Breakout
NASDAQ Index broke and closed above a solid resistance cluster last week.
The broken structure turned into support now.
I believe that the market may bounce soon.
Next resistance: 11980
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S&P500 INDEX (SPY) Technical Outlook For Next Week
Hey traders,
S&P500 index broke and closed above a key daily structure resistance this week.
Taking into considerations, that fundamentals are strongly supporting bulls now,
I believe that the index will most likely keep growing.
Next resistance - 4100
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S&P500 Index (SPY) Very Bullish Setup 📈
Hey traders,
S&P500 index has broken and closed above a solid horizontal supply area on a daily.
That breakout will most likely trigger a bullish continuation.
The next resistance that I spotted is 4100 - 4145 area.
It will be the next goal for buyers.
For entries, consider the underlined green area or a trend line.
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