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Submitted for your approval,Submitted for your approval, one ADVDEC.US , a drab and undistinguished breadth index that made history last Friday, May27th 2022. On any given day, ADVDEC shows the number of stocks advancing minus the number declining. Last Friday the index made the highest reading of its 12 year history. At the time of writing both bulls and bears argue how this information merely confirms what they already know will happen next week. One side will soon discover a traders true nemesis, certainty - said lesson to be learned in The Twilight Zone. Note: 1. The suffix "US" means across all available US markets including NYSE, NASDAQ and the Dow. Individual reading can be found at USI:ADVDEC.NY , USI:ADVDEC.NQ , and USI:ADVDEC.DJ
USI:ADVDEC.US
by gb50k
1
S&P 500 1H Tf🟢 $SPX 500 UPDATE VIP -------------------- On 1hour time frame the price action of SPX500, Formed out the RANGE HIGH, MID-RANGE AND RANGE LOW Level at the 4090.49, 3957.97 and 3811.79 level An BULLISH OB level can be seen at the 3811.79 with the RANGE LOW level where the price action have covered out the Mid range level by forming out the new HIGHER HIGHS level Where as the price action have break out the MARKET STRUCTURE LEVEL Which was at the 4090.39 level The price action have successfully reed out the after the MSB level, we can expect out the that it will cover out the Previous Range High level 📆5.30.2022
SP:SPX
by Trader_Needs
Bull? Bear? Swan? The chart: Shows an index average for SPX, NAS and DOW using rescaled CFD and futures prices. Indicator is a momentum oscillator (midline) with an envelope much like a Bollinger band. The paradox: The consensus is the chart is a picture of 'doom' (as bearish as it gets). At the same time, every trader in the chat room was bullish on the upcoming 12 hours. Not a single bear. The assumption that recent outcomes will be repeated is also called "The Hot Hand" . Both chart and traders refer to the same asset class. The chart accurately describes what traders experienced. Same information, but divergent conclusions and sentiment. Why the gap? One contributing factor is likely the qualitative difference between looking at a chart, and trading that same market in real time. Research shows that when we "experience" outcomes ourselves we pay more attention to the most recent, frequent and impactful outcomes. This does not happen if we get the same information on a chart, from a discussion, or the news.) In his book "The Black Swan", Nassim Taleb attributes peoples 'black swan blindness' (pp.77) to never *experiencing* an event, even if the information is available in some descriptive format (like a chart). There is a similar discussion in the chapter on rare events (ch.30) in Kahneman's book "Thinking fast. and slow" . Lastly, lab studies from economics, finance and psychology provide data for both predictive and descriptive models. These models can be used to predict how personal experience with risk will result in different sentiment that a simple description of the same information. Some of this research is summarized in a Psych-Science paper at: pure.mpg.de Notes: This way they can share the same USD scale and are weighted so that a 1 point change will imply the same change in $ terms. (For weights see: www.barchart.com ). In basketball there is a belief that a player can be on a hot-streak and more likely to score. Despite the compelling belief, statistical studies show it to be false. The same can be said for consecutive sessions in the equity markets. On a whole the market is largely efficient thanks to our relentless effort to remove every last inefficiency.
FX:SPX500
by gb50k
2
MarketBreakdown | Dollar Index, GBPAUD, Monero, CHFJPY Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ Dollar Index (DXY) - Daily time frame 💵 For the last two trading weeks, we saw a correctional move on dollar index. Ahead is solid horizontal structure support based on the last higher low. Taking into consideration that the market is trading in a bullish trend, from that structure, we may see a strong bullish reaction. Alternatively, its bearish breakout may trigger a further decline to lower structures. 2️⃣ GBPAUD - Daily time frame 🇬🇧🇦🇺 The market is trading in a horizontal trading range. More than a week ago we shorted the pair from resistance with my students. Then the market started to consolidate and for many days the price is coiling. Bias remains bearish and a bearish continuation is still expected. 3️⃣ Monero (XMRUSD) - Daily time frame XMRUSD is growing nicely for the last two weeks. Ahead is a strong resistance cluster. Be prepared for a bearish move from that. 4️⃣ CHFJPY - Daily time frame 🇨🇭🇯🇵 The pair broke solid daily structure support two weeks ago and dropped heavily. Now the price is retesting a broken key level. On that, a cute dodji candle was formed. I assume that the market may drop from that structure. I am currently waiting for a confirmation to open short. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
7
S&P500 Index (SPY) Will We Drop Lower? 📈 S&P500 index is trading in a bearish trend. The price keeps setting lower lows and lower highs. Setting a lower high this week, the price is retesting a current low now. Watching how the price was acting from the beginning of April, it looks like we may drop again. If the price sets a new lower low lower close on a daily, I will expect a bearish continuation to 3750 structure. Be prepared! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
FX:SPX500Short
by VasilyTrader
24
Dow Jones Index (US30): How to Catch Bearish Move 📈 US30 is currently retesting a strong horizontal structure resistance. Taking into consideration that the index is trading in a bearish trend, we can catch a nice trend-following opportunity from that structure. To short with a confirmation, watch a rising parallel channel on 1H time frame. Your need to wait for a bearish breakout of its support first. Once we see a candle close below that we will expect a bearish move to 32.200 / 32.000 levels. If the price breaks the blue zone to the upside though, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
7
DOLLAR INDEX (DXY) Consolidation and Indecision 💵 As we earlier discussed, Dollar index reached a major weekly structure resistance. The price is coiling on that for a couple of days already. Analyzing a daily time frame, I spotted a classic inside bar formation. Technically speaking daily candles are currently trading within the range of the 28th of April candle. It looks like the market participants are waiting for some trigger and currently are very indecisive. To clarify the future direction of the market, wait for a breakout of the underlined range (you need a daily candle close above/below to confirm the breakout). If the price breaks the lower boundary of the range, I will expect a correctional move to 101.5 structure. If the price breaks its upper boundary, I will expect a bullish continuation to 105.0 level. Let's see what will happen. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
42
Dow Jones Index (US30): Bearish Outlook For Next Week 📈 Hey traders, As you remember, one week ago Dow Jones broke a horizontal trading range to the downside. Its first retest made the market drop to 33100. Then we got 1 more retest and this time the index dropped even lower reaching 32900 level. I assume that next week we may expect a bearish continuation in such a manner. The next goal for sellers is 32200 - 32450 demand cluster. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
UShort
by VasilyTrader
15
MarketBreakdown | GBPUSD, USDCHF, BITCOIN, S&P500 Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list. 1️⃣ GBPUSD - Weekly time frame 🇬🇧 🇺🇸 The pair keeps falling. It looks like the price violated 1.267 key weekly structure support. Analyzing the historical levels, it looks like the pair can easily go much lower. The next support on focus - 1.225 structure. 2️⃣ USDCHF - Monthly time frame 🇺🇸🇨🇭 The price has recently broken 0.947 major structure resistance. Now I expect a further bullish continuation to 0.975 3️⃣ Bitcoin - 3 days time frame ₿ BTCUSD is approaching strong daily structure support. Taking into consideration that we still remain bullish biased, I would expect a bullish move from 37.000 - 37.600 area. 4️⃣ S&P500 Index - Daily time frame 📈 SPY is approaching year's low. Taking into consideration that the market is quite oversold, I expect a pullback. However, be prepared for a breakout attempt. Bearish violation of the underlined zone may trigger a further bearish continuation. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
20