DAX Index: Be Prepared For a Breakout Trade
What a bearish rally on Dax Index:
for the 4 consecutive days, the market is falling sharply.
Ahead is key horizontal support.
I will be waiting for its bearish breakout to short the index.
Next support will be 12550.
Remember that you need a daily candle close below a blue support to confirm a breakout.
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Indexes
Dow Jones Index (US30): Key Levels to Watch Next Week 📈
What a bearish week for Dow Jones.
After a long-lasting consolidation, the index dropped again.
Here are key levels for you to watch next week:
Support 1: 30564 - 30742 area.
Support 2: 2945 - 29864 area.
Resistance 1: 33275 - 33475 area.
Resistance 2: 35263 - 35530 area.
Look for breakout/pullback trade from these levels.
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DOLLAR INDEX (DXY) Bullish Continuation Again 💵
It looks like Dollar Index will keep growing.
The price has nicely respected a rising trend line on a daily
and broke a strong supply area then.
I expect a bullish continuation to 104.69
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S&P500 Index (SPY) Important Breakout & Bearish Outlook 📈
Hey traders,
S&P500 index was coiling within a descending triangle formation since the end of May.
The price broke and closed below its support yesterday.
I believe it may trigger a bearish impulse.
Next support - 3913
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Dow Jones Index (US30): Important Structure to Watch Next Week
Hey traders,
If you are looking for shorting opportunities on US30,
definitely watch 32500 - 32800 structure next week.
It looks like the price is preparing for the second test of that area.
If bears break that to the downside and we close below that on a daily,
the index will most likely fall sharply to 31260.
Wait for a breakout and then trade.
Good luck and have a great weekend.
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DOW JONES MOON ENERGY??Hi Traders,
I'm taking a look at US30 (Dow Jones) Price has broken into a new range on the 27th of May and has been able to remain above. We can also see that price has been respecting the support this far.
If the support is able to hold we could find long positions on the pair. I would like to see more rejection of newfound support before I will be entering a buy.
If price is able to push above and start showing strong bullish signs I will be long till 33465.
at that point, I will secure 90 % of my positions and leave 10% to run.
Remember, Price does not have to do anything, We can only react to what price has done.
Happy Trading
Renaldo Philander
6/1/22 IWMiShares Russell 2000 ETF ( AMEX:IWM )
Sector: Miscellaneous (Investment Trusts.Mutual Funds)
Market Capitalization: $$--
Current Price: $184.26
Breakout price: $187.85
Buy Zone (Top/Bottom Range): $183.95-$168.15
Price Target: $189.60-$204.00 (1st), $249.20-$278.80 (2nd)
Estimated Duration to Target: 172-180d, 412-422d
Contract of Interest: $IWM 12/16/22 200c, $IWM 6/16/23 210c
Trade price as of publish date: $7.86/contract, $9.41/contract
Dow Jones (US30): Long Signal From Our Team
All major indexes looks very bullish.
We decided to buy US30 on NY opening.
Entry - 33095
Target - 33712
Stop loss - 32680
Good luck, traders!
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Dow Jones Index (US30): Breakout & Bullish Continuation 📈
Dow Jones broke and closed above key daily structure on Friday last week.
Retesting that structure, the price broke a falling wedge pattern to the upside.
It makes me think that the index may keep growing.
Next goal - 3346
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Please, support my work with like, thank you!❤️
US100: Is That a Bullish Reversal?
US100 is reversing.
The price formed a double bottom formation and broke its neckline.
Also fundamentals currently support a bullish outlook.
We expect a bullish continuation to 13500.
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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
S&P 500 1H Tf🟢 $SPX 500 UPDATE VIP
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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
Bullish Price action for US30 - May 25th, 2022Bullish Price action for US30. The trendline break has me looking at possible buys. I'm keeping a close eye on price action. I don't want to see it break back below the trendline and start making lower low / lower highs.