"EuroStoxx: at an important Resistance Zone" by ThinkingAntsOkDaily Chart Explanation:
- Price bounced from the Support Zone and went towards the Resistance Zone where it is now.
- Bearish Divergence on MACD.
- If price starts its down move from here, it has potential to go towards the Support Zone one more time.
- We are looking for sell setups on lower timefremes.
Weekly Vision:
Updates coming soon!
Indexes
S&P 500 Index Might Test Support Next (Lower Highs)The S&P 500 (SPX) has been printing lower highs and is losing momentum, a potential drop is developing.
On the chart above I've marked the different support levels as well as the different potential scenarios.
We believe the SPX will move lower based on chart signals and past history.
Feel free to leave a question and share your thoughts.
Previous analysis:
Thanks a lot for reading.
Namaste.
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THIS IS NOT FINANCIAL ADVICE
DOLLAR KEEPS FALLING!!! WHERE IS SUPPORT???
Dollar index keeps falling.
Selling pressure is accumulating and for the last two weeks, we haven't seen any pullback.
The market is coming closer and closer to a support line of a major rising channel .
I think that bears will keep pushing the market to 96.5 level and only from the identified zone we will see a pullback.
Please, support the idea with like! thank you :)
DOLLAR KEEPS FALLING!!! WHERE IS SUPPORT???
Dollar index keeps falling.
Selling pressure is accumulating and for the last two weeks, we haven't seen any pullback.
The market is coming closer and closer to a support line of a major rising channel.
I think that bears will keep pushing the market to 96.5 level and only from the identified zone we will see a pullback.
Please, support the idea with like! thank you :)
S&P 500 outlook still positive until channel breakToday's dip will scare a lot of investors out of the market, but keep in mind that it's a Friday and Fridays tend to sell off. The S&P 500 is still in its upward channel. If market sentiment truly turns negative, then we'll see the channel break next week.
"Nasdaq: on the All Time High Zone" by ThinkingAntsOkDaily Chart Explanation:
- Price is on an Ascending Trendline.
- Price is, one more time, facing the ATH Zone.
- Bearish Divergence on MACD on each New High.
- If price starts its down move from here, it should retest the Ascending Trendline and, in case it breaks it, there is potential to move down towards the Support Zone.
Weekly Vision:
We are looking for sell setups on lower timeframes. Updates coming soon!
SILVER: Still Bearish
hey traders,
though we see some correctional movement on silver
my outlook is still bearish.
currently, the market is standing just beneath the major falling trendline.
I expect that selling volumes will accumulate and we will see a bearish breakout of a bear flag.
for us, it will be a perfect selling signal.
Target level will be 17.0
Stop will be above the highest point of the flag.
Russell 2000 a long-term buy and hold to outperform S&P 500The Russell 2000 is near a support level relative to the S&P 500. As Fred Imbert of CNBC reported last week in his article "Small-cap stocks are primed to outperform large caps over the next 10 years," small caps tend to outperform large caps in the 12 months after the Fed cuts rates. With two rate cuts already this year and more likely on the way, small caps should be primed to outperform in 2020. And right now, they're cheap compared to large caps. The whole market is probably overvalued right now, given trade risks and weak earnings, but this is especially true of large caps. Buying the S&P 500 near all-time highs in the middle of an earnings recession and a trade war is just foolish. For a long-term buy and hold investment, small caps are the segment of the market to buy right now.
NATURAL GAS: Bullish Continuation
hey traders,
I was asked to share my thoughts on nat .gas :)
on a daily the market has reached a key level of support:
conjunction of horizontal support with a falling trendline of a broken channel and rsi divergence.
I think that buyers will push the market to higher levels.
Key levels of resistance are:
2.37
2.47
WTI Respected Daily Support. Now Going Up!
WTI has clearly respected a key structure support level on a daily.
we see a sequence of rejection/dodji/engulfing candles and rsi divergence as well.
I have a bullish bias on WTI and currently hold a long position.
My stop is 50 level but I have entered a few days earlier.
Key levels for targets:
56.0
58.0
60.0
S&P500 Will Drop Again?!
hey traders,
after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily.
On 1H chart the market is consolidating and coiling within a narrow trading range.
If bears break below the range, for us it will be a perfect signal of a bearish continuation and potential second bearish leg.
Target levels will be 2912 and 2882.
However, you can extend your second target to 2840.
Stop will be 2969.
*if the market closes above the range, setup will be invalid
Please, support the idea with like and comment! thank you!)
S&P500 Will Drop Again?!
hey traders,
after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily.
On 1H chart the market is consolidating and coiling within a narrow trading range.
If bears break below the range, for us it will be a perfect signal of a bearish continuation and potential second bearish leg.
Target levels will be 2912 and 2882.
However, you can extend your second target to 2840.
Stop will be 2969.
*if the market closes above the range, setup will be invalid
Please, support the idea with like and comment! thank you!)
DOLLAR INDEX: Important Warning!
dollar index has finally reached a resistance line of a rising channel on daily.
there is a high chance to see a strong bearish wave but
for confirmation, we are waiting for a bearish violation of a rising wedge pattern
within the channel.
Target level will be based on horizontal structure and support of the channel - 97.50.
please, leave a comment and support the idea with like!) thank you!
DOLLAR INDEX: Important Warning!
dollar index has finally reached a resistance line of a rising channel on daily.
there is a high chance to see a strong bearish wave but
for confirmation, we are waiting for a bearish violation of a rising wedge pattern
within the channel.
Target level will be based on horizontal structure and support of the channel - 97.50.
please, leave a comment and support the idea with like!) thank you!
S&P 500 Index Dead Cat BounceTake a look at the SPX, a bounce is taking place but I don't think it will last long.
This bounce can either start following right away tomorrow, Monday or hit the ATH resistance once more and drop again...
We will see how it develops.
Sell the bounce.
Namaste.
THIS IS NOT FINANCIAL ADVICE.
ALL THE INFORMATION SHARED HERE IS FOR LEARNING AND ENTERTAINMENT PURPOSES ONLY.
"EuroStoxx moved exactly as expected" by ThinkingAntsOk4H Chart Explanation: "What happened?"
- Price broke the Descending Trendline.
- It started its up move after bouncing on the Support Zone .
- There was a Bearish Divergence on MACD .
- Price reached our target on the Resistance Zone first. After that, it faced a correction towards the Support Zone .
Now, we are waiting to see a new clear setup. Updates coming soon!
Weekly Vision:
Daily Vision: