Still Short on SPX, Waiting for new entry positionAs we can see we can got new entry for SPX , after the pullback we can open position on pullback's top, SL 4520, the down trend is too strong so we can profit from it and we can renforce our position after the breakout of the blue line also manage our position
Indexes
S&P500 Index (SPY) Will Keep Falling
Here is our technical view on SPY.
Our analysis is based on fundamental & technical metrics.
According to our chart SPY is coiling on resistance.
Based on our view the price will drop.
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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.
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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!
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DOLLAR INDEX (DXY) Time For Correction? 💵
Hey traders,
Dollar index reached a 6-years high.
Watching how the price reacts to that structure on an hourly time frame,
we may see a confirmed bearish breakout of a rising parallel channel.
I believe that it is an important bearish clue and we will see a correctional move soon.
Goals:
102.85
102.5
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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.
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Dow Jones Index (US30): Bearish Rally is Coming 📈
US30 retested a recently broken key level.
From that, I expect a bearish trend continuation.
I believe that soon the market will reach 33450 structure.
❤️If you have any questions, please, ask me in the comment section.
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DXY: Market of Sellers
Here is our technical view on DXY.
Our analysis is based on current market fundamental sentiment.
According to our chart DXY is coiling on resistance area.
Based on our analysis the price will dump
to the next support level.
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US100 bullish scenarioUS100 is currently on a very strong downtrend and it would take a strong break above structure to confirm a bullish reversl
US30: Weak Market & Bearish Forecast
Here is our technical view on US30.
Our analysis is based on current market fundamental sentiment.
According to our drawing US30 is coiling on resistance.
Based on our analysis the price will dump
to the next support.
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Dow Jones Index (US30): Very Bearish Outlook 📈
Hey traders,
After a 1-month long consolidation, US30 broke and closed below key daily structure support.
Taking into consideration that the market is trading in a long-term bearish trend,
chances are high to see a bearish trend continuation next week.
Next goal for sellers is a 32200 - 32700 demand cluster.
I will post an update once I open a short position.
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DXY: Will Keep Falling! The Next Goal is:
Here is our technical view on DXY.
Our analysis is based on purely technical outlook.
According to our chart DXY is coiling on resistance.
Based on our analysis the price will dump
to the next support level.
Please, support our analysis with like and comment!
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S&P500 Index (SPY) Is It Bullish Now?! 📈
It looks like S&P is reversing.
We see multiple bullish clues on a daily and I am planning to buy the index.
In this video, I will share with you my trading plan.
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US100: Structure Breakout 📈
US100 broke and closed below key daily structure support.
Taking into consideration that the index is trading in a local bearish trend since April,
it will most likely trigger a bearish continuation.
Next support - 13100
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S&P500 Index (SPY) Bullish Forecast & Bullish Scenario
Here is our technical view on SPY.
Our analysis is based on purely technical outlook.
According to our chart SPY is coiling on support.
Based on our analysis the price will accumulate
to the next resistance level.
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US100, H4 - Inverted HSH patternSmall consolidation on US100 creates inverted head and shoulders pattern. Breaking above 14300 should trigger move to 14800. If HSH pattern will be negated (breakout below 13900), possible resume of down move towards 13100-13200
US30: Great Trading Opportunity
US30
- Classic bearish setup
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short US30
Entry Point - 34953
Stop Loss - 35334
Take Profit - 34382
Our Risk - 1%
Start protection of your profits from higher levels
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S&P500 Index: Two Potential Scenarios For Next Week 📈
Hey traders,
S&P500 index is weak and indecisive.
The market is stuck within a horizontal trading range.
Next week, wait for a breakout of a one of its boundaries.
Bearish breakout will trigger a further decline to 4335 level
while a bullish violation will trigger a bullish continuation to 4517.
Wait for a breakout & then follow the market.
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