Dow Jones Index (US30): Intraday Bullish Signal?!
Update for the yesterday's setup on US30.
Earlier, we spotted a confirmed breakout of a key daily resistance.
After that, the market retested the broken structure and started to
consolidate within a narrow range on a 4H time frame.
The resistance of the range was broken this morning.
It is a strong intraday bullish signal.
Growth may continue to 21250
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Indexes
Dollar Index (DXY): Bearish Trend Will Continue
Dollar Index is trading in a bearish trend on a daily.
After the market set a new lower low lower close earlier this week,
it started a correctional movement.
Ahead, I see a solid resistance cluster.
Probabilities will be high that the price will drop from the underlined
area at least to 103.75 level.
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DOW JONES INDEX (US30): Bullish Trend Continues
US30 index updated the ATH this week.
The market managed to violate a resistance level
based on the last higher high and close above that.
The Index has a nice potential to go higher.
Next resistance - 40800
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NASDAQ INDEX (US100): Bullish Rally Continues
I see one more bullish pattern on US100 index.
This time it is the ascending triangle formation.
The price successfully violated its neckline and closed above that.
It is a strong bullish trend-following pattern.
With a high probability, growth will continue.
Next resistance - 20500
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Dollar Index (DXY): Bullish Trend Continuation Pattern
I see a nice bullish pattern on an hourly time frame on Dollar Index.
After the price set a new higher high, the market started a correctional
movement within the expanding channel.
Such a channel is called a bullish flag pattern.
Bullish breakout of the resistance of the flag is a strong bullish
trend-following signal that indicates the strength of the buyers.
With a high probability, the market will keep growing.
Next resistance - 106.25
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Dollar Index (DXY): Bullish Trend Continues
Dollar Index set a new local higher high higher close
on a daily time frame yesterday, violating a key daily horizontal resistance.
With a high probability, the broken structure and a rising trend line
compose a demand zone now.
The market will most likely keep growing.
Next resistance - 106.3
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Dow Jones Index (US30): Your Trading Plan For Today
Dow Jones Index is testing, a recently broken
key daily resistance.
With a high probability, the broken structure turned into support.
Our confirmation to buy will be a bullish breakout
of a neckline of an ascending triangle formation on 1H time frame.
Hourly candle close above 39185 will confirm the violation.
A bullish continuation will be expected at least to 39325.
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Plan Your Trade 6/24/24 - Prepare For Rolling Price ActionThis continued video series focused on my SPY Cycle Patterns teaches you how to plan for future price swings and bigger trending days.
Today, I expect the SPY to stay relatively muted in trend—possibly moving downward overall. The Up-Down-Up (countertrend) pattern suggests that the price will want to move downward today, perhaps setting up support near $541.50 to $542.50.
I don't expect anything big to happen today as today's pattern is followed by three days of an upward price trend. That upward trend is your opportunity for profits.
Tuesday, Wednesday, & Thursday look like a bigger opportunity for long trades than Monday or Friday.
Friday's CRUSH pattern suggests a fairly strong downward price trend. I would be cautious of taking long positions on Friday until possibly the last 60-120 min of the day (if we see a short squeeze setup).
Please use this information efficiently. I'm trying to show you how to use my SPY Cycle Patterns to plan your trading and find the best opportunities.
I will have more info tomorrow as I continue this video series.
Dollar Index (DXY): The Market May Go Higher!
Friday's fundamentals were very bullish for Dollar Index.
The market formed a strong bullish candle on a daily and reached a key horizontal resistance.
Next week, wait for a bullish breakout of 105.56 resistance and a daily candle close above that.
It will be an important sign of strength of the buyers.
The market will most likely keep growing then to 106.0 level.
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NASDAQ INDEX (US100): Potential Scenarios Ahead of FOMC
NASDAQ Index is currently consolidating within a horizontal range.
Most likely, the market participants are waiting for the FOMC tomorrow.
Depending on the reaction of the market to the boundaries of the range,
I see 2 potential scenarios.
Bullish Scenario
If the market breaks and closes above 19115 the resistance of the range,
with a high probability, a bullish rally will continue.
Bearish Scenario
If the Index breaks and closes below 18880 the support of the range,
it may initiate a correctional movement.
I think that US100 may keep being weak before the news release.
Let's see what direction the market will choose tomorrow.
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Dollar Index (DXY): Classic Gap Trade
I see a nice gap up on Dollar Index.
As always, chances are high that it will be filled soon.
Approaching a key daily horizontal resistance,
the Index started leaving bearish clues.
I spotted a confirmed breakout of a support line of a symmetrical
triangle formation on an hourly time frame.
The Index may drop soon and reach 104.95 level.
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NASDAQ INDEX (US100): To The Next Highs
One more instrument that we discussed on the today's live stream
is US100 Index.
This week, the market updated the all-time high, violating a key horizontal resistance.
With a very bullish fundamental data, the Index has a nice growth potential.
Next resistance - 19300
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Nifty DivergencesNifty Divergences
On a weekly timeframe, Nifty 50 Index is making obvious divergences
Price is making a new high while MACD histogram is in a downward slope
Price is making a new high while the Force Index is dropping even below the 0 line today.
One positive aspect for the bulls, though, is that it found support exactly where it was needed the most. On the centre line
Are you a bull or a bear here?
S&P500: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range ✅ day 2 cycle
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: primary, potential buy low after the news, going to stop short traders from previous week, completing the weekly dump and pump.
Short: secondary, the breakout of Friday left space with no retest, means that traders long never got their positions "shake". I wouldn't exclude a third hour reversal for a scalp back into the previous HOD.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Dollar Index (DXY): Time For Pullback?!
Dollar Index looks quite oversold after a yesterday's bearish movement.
The price reached a key horizontal support and formed a double bottom pattern on that.
I think that we may see a pullback today at least to 103.9
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Dollar Index (DXY): Pullback From Key Level
Dollar Index nicely respected a key daily horizontal resistance.
I see a double top formation on an hourly time frame
and a confirmed violation of its neckline.
I think that the market may drop at least to 104.43 before the news.
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S&P500 INDEX: More Growth is Coming
S&P500 index recently updated the all-time high.
After a violation, the previous ATH turned into support.
The market retested that and positively reacted.
I believe that a bullish trend will continue.
The market may keep growing to 5380.
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S&P500 INDEX: Growth Will Continue!
S&P formed a cute cup & handle formation after quite a strong
bearish movement on this week.
A bullish breakout of the neckline of the pattern
is an important sign of strength of the buyers.
I think that the Index will keep growing next week.
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DOW JONES INDEX (US30): Waiting for FOMC
Do not forget, traders, that tomorrow we are expecting FOMC.
Ahead of these fundamentals, US30 started to consolidate
within a narrow intraday range on a 4H time frame.
I will wait for its bullish breakout for a strong bullish confirmation.
4H candle close above that will confirm the violation.
A bullish continuation will be expected then.
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