Nasdaq-100 Index (US100) Structure Analysis & Important Update
So it turned out that US100 index managed to break and close above a key daily supply area.
Now the broken structure turned into a strong support and the index will most likely keep growing to the next key level.
Here are the key structures on focus:
Resistance 1: 13500 - 13600 area.
Resistance 2: 14200 - 14300 area.
Resistance 3: 15100 - 15300 area.
Support 1: 12500 - 12950 area.
Support 2: 12050 - 12180 area.
Support 3: 11040 - 11180 area.
Consider these structure for pullback/breakout trading.
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Indexes
Dow Jones Index (US30): Detailed Video Analysis 📈
Technical outlook & trading plan for Dow Jones.
Price action, key levels and potential scenarios.
Trading recommendations & thoughts.
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$DXY onward 👁🗨*This is not financial advice, so trade at your own risks*
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*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
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DOLLAR INDEX (DXY) Key Support Ahead 💵
Hey traders,
Dollar Index is retracing from a new daily high.
Ahead is a very peculiar zone of confluence:
we see a perfect match between a horizontal demand area and a rising trend line.
I will expect a bullish move from a blue zone.
Initial target - 107.18
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SPX ~6000 if this time is not differentThe SPX chart has 2 goals and one constraint:
Demonstrate the VIX / VVIX ratio as an inverse momentum indicator for SPX. The VIX is risk adjusted" by VVIX and the ratio is more useful than VIX alone. "Useful" is similar to 'Statistical Power' and means less data required to identify smaller changes amidst higher volatility.
Suggest that an ATH of SPX 6000 is "not unreasonable" considering the pattern and magnitude of prior large moves (corrections, bear markets, and very large dips)
. . . Unless this time is different.
Dow Jones Index (US30): Key Levels to Watch Next Week 📈
Hey traders,
Here is my latest structure analysis for Dow Jones.
The index keeps growing, and here is the list of resistance to watch for occasional retracements:
Resistance 1: 33270 - 33500 area.
Resistance 2: 34000 - 34270 area.
Resistance 3: 35280 - 35520 area.
Consider the following supports for pullback trades:
Support 1: 31390 - 31900 area.
Support 2: Falling trend line.
Support 3: 29670 - 30166 area.
Good luck next week!
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Possible Bearish Continuation For Stocks
Following on from my previous stock ideas, I'm expecting a further downswing after the consolidation bounce on most stocks for a Wave 'C' once the bearish continuation symmetrical triangle breaks down
Waiting for directional break currently
DJ:W1DOW
SP:SPX TVC:SPX OANDA:SPX500USD
OANDA:NAS100USD
NASDAQ:NQGM NASDAQ:NQGI
Nasdaq-100 Index (US100) Your Trading Plan For Today
This morning with my students we spotted a very bearish setup on US100.
The price reached a key daily structure.
Analyzing the reaction of the price to that on lower time frames, we spotted a double top formation on 1H.
Our confirmation to short is its neckline breakout. We need an hourly candle close below 12850.
Target will be 12688.
If the price sets a new high, the setup will be invalid.
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Dow Jones Index (US30): Detailed Technical Outlook 📈
Weekly/daily time frame analysis on Dow Jones.
Price action, key levels.
Potential scenarios explained.
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S&P500 Index (SPY) Breakout & Bullish Continuation 📈
Hey traders,
S&P500 finally broke and closed above a resistance line of a falling channel on a daily.
I expect a bullish continuation to 4075 / 4175 resistance now.
For entries, consider an occasional retest.
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US100: Bullish Continuation is Highly Probable! Here is Why:
Here is our today's forecast for US100.
Our analysis is based on current market fundamental sentiment.
According to our drawing US100 is trading within a support area.
Based on our view the price will rise
to the underlined supply zone.
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S&P500 Index: Your Trading Plan For Next Week 📈
Hey traders,
This week, I have nicely predicted a bullish move on SPY.
Ahead is a strong vertical resistance now.
The price is trading in a falling parallel channel and it is approaching its upper boundary at the moment.
I would suggest looking for a breakout trade next week:
wait for a daily candle close above the trend line and then buy on a retest expecting a bullish movement at least to 4072.
Good luck!
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US30 Midweek Analysis 7/20/22It seems we may have a legit breakout on our hands ladies and gents. :-)
Currently measuring the point values on this pair to determine if this is a legit breakout or not. Price filtering with additional technical data such as the ADR is a great way to determine if a pair is doing a legit breakout. I will also be looking at the volume profile for U30.
Dow Jones Index (US30): Important Decision Ahead! Your Plan: 📈
Multiple time frame analysis on US30.
Key levels, price action analysis.
Structure levels & trading plan.
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Critical Period for the Markets - To Buy or Not to BuyNot accounting for any fundamentals, the OANDA:SPX500USD and the OANDA:US30USD had a strong rejection from heading lower in 3 consecutive weeks.
Fundamentals will be required to decide whether the market is moving back to a long term BUY.
We hit a low of ~-20% from the highs on the DJIA and ~ -25% from the highs on the S&P500.
On multiple time frames, prices are in a key area.
From technical analysis on the daily chart:
1) potentially a double top was forming but did not break the neckline
2) then a double bottom is forming and now we're waiting to see if it breaks the neckline, which is also a major resistance
3) the double bottom formation was pushed up from a 1D demand area, which is also a 1M demand area.
Looking at the candle on a weekly chart, it shows a pretty strong rejection.
1) Price printed a lower low vs the previous week at 3721.6 vs 3741.6
2) Previous week was a bullish candle, and this week we have a bearish candle closing in the body of the previous week's candle.
3) Strong rejection candle printed on 14 Jul 2022 with huge wick, followed buy a very strong bullish candle
4) We're facing a resistance zone that was tested multiple times but failed to break.
I am expecting a potential fake out for price below 3950, but if candle closes higher, I think we can call buys. (purely based on technical analysis) With fundamentals, we could be more sure of the probability of how the market will move.
Dollar Index (DXY): Key Resistance Ahead! Your Plan: 💵
Hey traders,
Dollar index is currently approaching a solid monthly structure resistance.
I believe that we may see a pullback from that structure.
Next week, pay close attention to lower time frame and look for a confirmation to short.
I will post an update once I see a decent confirmation.
Good luck!
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Dow Jones Index (US30): Key Levels to Watch 📈
Here is my latest structure analysis for US30 index.
Support 1: 29675 - 29968 area
Support 2: Falling trend line linking lower lows
Resistance 1: 32500 - 32800 area
Resistance 2: 33300 - 33475 area
Consider these structure for pullback / breakout trading.
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Dow Jones Index (US30): Bullish Outlook For Next Week 📈
Hey traders,
As you remember, we spotted together a major weekly demand zone on US30.
The price has perfectly respected that and we saw a nice pullback.
I believe that the market may keep growing in such a manner.
Taking into consideration that the index is too oversold,
be prepared for a continuation of a correctional movement.
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