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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? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
CAPITALCOM:US100Short
by VasilyTrader
10
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! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
9
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. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
FX:SPX500Long
by VasilyTrader
6
MarketBreakdown | WTI OIL, NZDUSD, US100, EURJPY Here is a brief technical outlook for 4 instruments in my watch list. 1️⃣ WTI Crude Oil 🛢️ After a long-lasting bullish accumulation within an ascending triangle, the market broke its resistance on Friday. It looks like the market will keep growing. 2️⃣ NZDUSD 🇺🇸🇳🇿 The pair is very bullish since the middle of October. The price is currently approaching a local high. If the market breaks and closes above that, a bullish continuation will be expected to 0.6 level. 3️⃣ US100 (NASDAQ) Index 📈 After a three-weeks-long consolidation within a horizontal range, the market broke its support to the downside and closed below that. Now the market is retesting that. I believe that a bearish move will initiate soon. 4️⃣ EURJPY 🇪🇺🇯🇵 The pair is very close to a recently broken major rising trend line. With a high probability, we will see a bearish reaction from that, Pay close attention! Do you agree with my market breakdown? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
12
DAX crosses the 100 day EMA for the third time this yearThe DAX30 has once again crossed the 100 day EMA for the third time this year. After the previous two crosses, the index went ahead to lose an average of 15%. The index has already reached a trough of 27.55% this year with each drop weakening and bear exhaustion showing up as evident from MACD divergence. The index has priced in a lot of bad news including the impact of Russia's invasion of Ukraine, high inflation pressuring consumers budgets and ECB rate hikes. It is highly unlikely that a recession in Europe has been priced in. The BoE acknowledged that the UK entered a recession in Q3. Eurozone PMIs released this week showed that manufacturing is already in recession territory. Pessimism in the sector is still high but supply chain pressures seem to be falling amidst falling orders. The question on my mind is how deep the recession in Europe will be and how long it will last. I'm currently bearish on European indices as bullish sentiment or lack of bearish price action shows a disconnect from fundamentals. Looking at volume flow (FDAX futures), it can be seen that short positions have largely reduced from a peak of 125K in September to the current 33K. Long positions have also fallen from 134K in Oct to 92K. This implies that the current bullish price action has no legs. This can be collaborated with On Balance Volume showing that inflows might have peaked at the August - September highs. In summary, this is why I'm still bearish and looking to sell the rips: Recession in Europe not priced in or at least partly priced in. Inflation is still a sore thorn for Europe with YoY increases crossing the 10% mark. Volume flows for traders are showing signs for peaking.
CAPITALCOM:DE40Short
by GrizzlyBearBee
DOLLAR INDEX (DXY) Bearish Bias Remains 💵 Update for Dollar Index: last week, we spotted a confirmed breakout of a major rising trend line on a daily. The market is steadily recovering now, and it is coming closer and closer to a broken trend line. I will expect a bearish movement from the underlined blue area this week. Closest support will be 109.6. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
6