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S&P500: Buying accelerating as the bottom is confirmed.S&P500 is neutral on its 1D technical outlook (RSI = 52.628, MACD = -41.490, ADX = 32.588) as it has been volatile during the day but on the long-term, it has resumed the bullish trend, making a strong recovery last week. The bottom is now confirmed (above the 1W MA200) and as the oversold 1W RSI was bought, the index eyes a +28.50% rise on the medium term, same as in early 2024. This falls practically on the previous ATH level (TP = 6,150). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
S&P500 - The Correction Is Over Now!S&P500 ( TVC:SPX ) is retesting massive support: Click chart above to see the detailed analysis👆🏻 Over the past couple of days, we have been seeing a quite harsh stock market "crash" with an overall correction of about -20%. However, as we are speaking the S&P500 is already retesting a major confluence of support and if we see bullish confirmation, this drop might be over soon. Levels to watch: $4.900 Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
60
S&P500: Bottomed on an Inverse Head and Shoulders.The S&P500 index is bearish on its 1D technical outlook (RSI = 36.973, MACD = -126.240, ADX = 31.007) but long term appears to have bottomed on an Inverse Head and Shoulders pattern. In fact, the Head made a low on the Double Bottom and the bearish outlook is currently due to the Right Shoulder formation. A crossing over the dashed LH trendline and even better the 4H MA200, would aim for the 2.0 Fibonacci extension (TP = 6,280). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
DOW JONES: Just triggered the most historic buy signal (1M MA50)Despite the bearishness on the lower timeframes, Dow is neutral on the ultimate long term chart, the 1M (RSI = 51.044, MACD = 1991.530, ADX = 44.038) and that is due to the fact it almost touched its 1M MA50. This neutral technical setting is a great reset for the Channel Up and stands as the most ideal long term buy entry and was tested before on all 4 major market bottoms (September 2022, March 2020, January 2016, October 2011). In all incidents it set in motion the new Bull Cycle, technically the bullish wave of the Channel Up. The most common price increase is +70% and along those lines, we anticipate Dow to hit 60,000 by the end of 2027. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DJILong
by InvestingScope
2
DOW JONES: High volatility but clear picture long term.Dow Jones turned bearish on its 1D technical outlook (RSI = 40.021, MACD = -1063.380, ADX = 32.380) as it is correcting brutally yesterday's gains on uncertainty regarding the 90-day pause of tariffs. We can't overlook however the fact that yesterday's rebound happened on the 1W MA200 and at the bottom (HL) of the Bullish Megaphone. The very same sequence of events unfolded during the last big U.S.-China trade war that bottomed in December 2018. First a Channel Down bottomed on the 1W MA200 and started the Bullish Megaphone that bottomed on the 2018 trade war. Both trade war corrections were -19% and if what follows replicates the 2019 rise, then we are up for a +35% rally. Potential TP = 49,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:DJILong
by InvestingScope
S&P500: Trump's 90-day tariff pause just saved the day??S&P500 is having so far a +9.50% rise from today's low as even though Trump announced a 125% raise to China tariffs, he lowered and paused tariffs for 90 days to all countries that contacted the U.S. for negotiation. The 1D technical outlook is about to get neutral (RSI = 42.537, MACD = -181.510, ADX = 39.036) as the rebound is taking place at the HL bottom of the Bullish Megaphone, while the 1W MA200 stayed intact. A similar Megaphone was last seen during the previous 2018 Trade War and was completed with the COVID crash that started an abnormal rally to new ATH to correct the equally abnormal crash. Needless to say, it was based on quick rate cuts but the situation isn't all that different today. Trump's stance towards negotiating, coupled with highly anticipated rate cuts, can deliver an equally abnormal rally now. The previous HH of the Bullish Megaphone hit the 2.0 Fibonacci extension. This time if the rally extends to the end of the year, targeting the 1.5 - 1.618 Fibonacci Zone would be considered fair (TP = 6,900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
NASDAQ: Cyclical correction most likely completed. ATH by June?Nasdaq remains oversold both on its 1D (RSI = 25.630) and 1W (RSI = 28.851, MACD = -442.980, ADX = 36.399) technical outlook as yesterday's rally is being corrected today on strong technical selling. Long term it looks like this was a cyclical correction, reached -25%, hit the 3W MA50/1W MA200 zone (which has been the best buy entry in the past 10 years) that has most likely been completed. In addition, the 1W RSI is on the same oversold levels as May 16th 2022, the lowest it has been since 2008. According to the Fibonacci Channel Up, the market can hit 22,300 as early as June. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NDXLong
by InvestingScope
S&P500: Recovery has started and the next stop is the 1D MA50.S&P500 is marginally neutral on its 1D technical outlook (RSI = 45.213, MACD = -61.280, ADX = 30.163) as it's recovered from Friday's bearish sentiment and already crossed above the 0.236 Fibonacci level. This rebound made Monday's low a Double Bottom and since the 1D RSI is on a HL bullish divergence, we expect a strong 1 month rally to start. The first target is the 1D MA50 slightly over the 0.5 Fib mark (TP1 = 5,835) and after a small correction, the 0.786 Fib (TP2 = 6,000), which is also the top of the 5 month Bull Flag. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
NASDAQ: Forming the bottom. Don't miss the 2025 rally to 28,000.Nasdaq is bearish on its 1D technical outlook (RSI = 35.342, MACD = -382.320, ADX = 38.919), headed towards oversold territory. 1W is also headed towards an oversold state (RSI = 36.953) as the price has crossed under the 1W MA50 and is approaching the 1W MA100. This is currently waiting at the bottom of the 2 year Channel Up. This 6 month correction is so far technically nothing but the bearish wave of this Channel Up and has been almost as strong (-15.89%) as the previous in July-Aug 2024. Notice an key technical tendency here, no correction/bearish wave has ever crossed under the S1 level of two highs before. The current S1 is at 18,400. So taking those conditions into consideration as well as the fact that the 1W RSI is at the bottom of its Channel Down, we see this week as the bottom formation candle that will start a new bullish wave. The prior two such waves both made an incredibly symmetric rise of +52.60%, so expecting the same puts our target at TP = 28,000, most likely by December 2025-January 2026. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NDXLong
by InvestingScope
3
DOW JONES: Are you ready for what's coming?Dow Jones is neutral on its 1D technical outlook (RSI = 48.157, MACD = -244.290, ADX = 38.724) as it is attempting to recover the 2 month correction. It appears that the bottom has already been made as not only did the price rebound on the LL trendline but it did so on an oversold 1D RSI. This draws comparisons to the last big such correction of Aug-Oct 2023, which also declined by more than -9.40%. They key there was the formation of a 4H Golden Cross. Right now the price is stuck inside the 4H MA50 - 4H MA200 range, so if it crosses now over the 4H MA200, it will most likely confirm the start of the new bullish wave as it will form a 4H Golden Cross. Technically it can achieve a similar price rally as then, so our thesis remains bullish aiming at the 2.0 Fibonacci extension (TP = 50,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
Bearish Alert: Nasdaq’s Downtrend May Deepen Beyond 5%Hey Realistic Traders, Will CAPITALCOM:US100 Bearish Trend Stop? Let’s Dive In.... On the H4 timeframe, Nasdaq continues to follow the bearish trendline and the EMA-200 . Both trend analysis tools clearly signal a bearish trend. The downtrend may persist as a rising wedge pattern has formed, followed by a breakout and a MACD crossover. Based on these technical signals, I anticipate a potential downward movement toward the first target at 19,077. After reaching this level, a minor pullback is likely before the decline continues toward a new low at 18,544. This outlook remains valid as long as the price move below the stop-loss level at 20,080 Besides technical factors, U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, adding further uncertainty to the market. This could limit growth potential and contribute to an inflationary environment by increasing the cost of imported goods. Given this uncertainty, we believe the market will continue to decline. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Nasdaq.
CAPITALCOM:US100Short
by financialfreedomgoals101
2
S&P500: Bottom is in. Strong 5month rally ahead.S&P500 is bearish on its 1D technical outlook (RSI = 38.840, MACD = -92.170, ADX = 55.129) as it hasn't crossed above the 4H MA50 or the 1D MA50 yet. Still, it did price the bottom on the HL trendline of its 2year Channel Up. The 4H MACD formed however a new Bullish Cross on the LH trendline, same as the October 31st 2023 HL bottom. As the market did then (October 2023), the 4H Death Cross that took place last week, happened exactly at the bottom and the 0.618 Fibonacci of the previous HL. We are still bullish and our target remains the -0.618 Fib (TP = 6,900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
3
DOW JONES: MA50-100 Bearish Cross says we've bottomed.Dow Jones is almost neutral on its 1D technical outlook (RSI = 43.171, MACD = -608.620, ADX = 62.568), rising aggressively since last week. Technically that was the bottom no just on the 8 month Channel Up but also on the LL trendline. We've seen the very same LL bottom on the October 2023 and March 2023 lows, all of which had oversold 1D RSIs. The 1D MA50-100 Bearish Cross marked those bottoms and today we've completed a new one. Technically the index can rise as high as the 2.0 Fibonacci extension (TP = 49,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
S&P500: Bottom of 2 year Channel. Target 6900.S&P500 is oversold on its 1D technical outlook (RSI = 27.644, MACD = -113.480, ADX = 60.232) as the price didn't only cross under the 1D MA200 but is also almost at the bottom of the 2 year Channel Up. In the meantime, the price reached the 0.618 Fibonacci retracement level while the 1D MACD touched its LH trendline. The last time all those conditions were met at the same time was on the October 30th 2023 Low. What followed was a massive rally to the -0.618 Fib extension before the next 1D MA50 pullback. This is a unique opportunity to buy and aim for the -0.618 Fib (TP = 6,900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
2
Index Investing: A Practical Approach to Market ParticipationIndex Investing: A Practical Approach to Market Participation Index investing has become a popular way for traders and investors to access the broader market. By tracking the performance of financial indices like the S&P 500 or FTSE 100, index investing offers diversification, lower costs, and steady exposure to market trends. This article explores how index investing works, its advantages, potential risks, and strategies to suit different goals. Index Investing Definition Index investing is a strategy where traders and investors focus on tracking the performance of a specific financial market index, such as the FTSE 100 or S&P 500. These indices represent a collection of stocks or other assets, grouped to reflect a segment of the market. Instead of picking individual assets, index investors aim to match the returns of the entire index by investing in a fund that mirrors its composition. For example, if an investor puts money in a fund tracking the Nasdaq-100, it’s effectively spread across all companies in that index, including tech giants like Apple or Microsoft. This approach provides instant diversification, as the investor is not reliant on the performance of a single stock. This style of investing is often seen as a straightforward way to gain exposure to broad market trends without the need for active stock picking. Many investors choose exchange-traded funds (ETFs) for this purpose, as they trade on stock exchanges like individual shares and often come with lower fees compared to actively managed funds. How Index Investing Works Indices are constructed by grouping a selection of assets—usually stocks—to represent a specific market or sector. For instance, the S&P 500 includes 500 large-cap US companies, weighted by their market capitalisation. This means larger companies like Apple and Amazon have a greater impact on the index performance than smaller firms. The same principle applies to indices like the FTSE 100, which represents the 100 largest companies listed on the London Stock Exchange. Index funds aim to mirror the performance of these indices. Fund managers have two primary methods for this: direct replication and synthetic replication. With direct replication, the fund buys and holds every asset in the market, matching their exact proportions. For example, a fund tracking the Nasdaq-100 would hold shares of all 100 companies in that index. Synthetic replication, on the other hand, uses derivatives like swaps to mimic the index's returns without directly holding the assets. This method can reduce costs but introduces counterparty risk, as it relies on financial agreements with third parties. Because index investing doesn’t involve constant buying and selling of assets, funds typically have lower management fees compared to actively managed portfolios. Fund managers don’t need to research individual stocks or adjust holdings frequently, making this a cost-efficient option for gaining exposure to broad market trends. Advantages and Disadvantages of Index Investing Index investing has become a popular choice for those looking for a straightforward way to align their portfolios with market performance. However, while it offers some clear advantages, there are also limitations worth considering. Let’s break it down: Advantages - Diversification: By investing in an index fund, investors gain exposure to a broad range of assets, reducing the impact of poor performance from any single stock. For instance, tracking the S&P 500 spreads investments across 500 companies. - Cost-Efficiency: Index funds often have lower fees compared to actively managed funds because they require less trading and oversight. Passive management keeps costs low, which can lead to higher net returns over time. - Transparency: Indices are publicly listed, so investors always know which assets they are invested in and how those assets are weighted. - Consistent Market Exposure: These funds aim to match the performance of the market segment they track, providing reliable exposure to its overall trends. - Accessibility: As exchange-traded funds (ETFs) are traded on stock exchanges, this allows investors to buy into large markets with the same simplicity as purchasing a single stock. Disadvantages - Limited Flexibility: Index funds strictly follow the composition of the underlying assets, meaning they can’t respond to other market opportunities or avoid underperforming sectors. - Market Risk: Since these funds mirror the broader market, they’re fully exposed to downturns. If the market drops, so will the fund’s value. - Tracking Errors: Some funds may not perfectly replicate an index due to fees or slight differences in holdings, which can cause performance to deviate. - Lack of Customisation: Broad-based investing doesn’t allow for personalisation based on individual preferences or ethical considerations. Index Investing Strategies Index investing isn’t just about buying a fund and waiting—an index investment strategy can be tailored to suit different goals and market conditions. Here are some of the most common strategies investors use: Buy-and-Hold This long-term index investing strategy involves purchasing an index fund and holding it for years, potentially decades. The aim is to capture overall market growth over time, which has historically trended upwards. This strategy works well for those who value simplicity and are focused on building wealth gradually. Sector Rotation Some investors focus on specific sectors within indices, such as technology or healthcare, depending on economic trends. This strategy can help take advantage of sectors expected to outperform while avoiding less promising areas. For instance, in periods of economic downturn, investors might allocate funds to the MSCI Consumer Staples Index, given consumer staples’ defensive nature. Dollar-Cost Averaging (DCA) Rather than investing a lump sum, this index fund investing strategy involves putting money away regularly—say monthly—into indices, regardless of market performance. DCA reduces the impact of market volatility by spreading purchases over time. The Boglehead Three-Fund Index Portfolio Inspired by Vanguard founder John Bogle, this strategy is a popular approach for simplicity and diversification. It involves splitting index investments across three areas: a domestic stock fund, an international stock fund, and a bond fund. This mix provides broad market exposure and balances growth with risk. According to theory, the strategy is cost-efficient and adaptable to individual risk tolerance, making it a favourite among long-term index investors. Hedging with Index CFDs Traders looking for potential shorter-term opportunities might use index CFDs to hedge against broader market movements or amplify their exposure to a specific trend. With CFDs, traders can go long or short, depending on their analysis, without owning the underlying funds or shares. Who Usually Considers Investing in Indices? Index investing isn’t a one-size-fits-all approach, but it can suit a variety of investors depending on their goals and preferences. Here’s a look at who might find this strategy appealing: Long-Term Investors For those with a long investment horizon, such as individuals saving for retirement, this style of investing offers a practical way to grow wealth over time. By capturing the overall market performance, investors can build a portfolio that aligns with steady, long-term trends. Passive Investors If investors prefer a hands-off approach, index funds can be an option. They require minimal effort to maintain, as they simply track the performance of the market. This makes them appealing to those who want exposure to the markets without constantly managing their investments. Cost-Conscious Investors These passive funds typically have lower management fees than actively managed funds, making them attractive to those who want to minimise costs. Over time, this cost-efficiency might enhance overall returns. Diversification Seekers Investors who value broad exposure will appreciate the inherent diversification of index funds. By investing in an index, they’re spreading risks across dozens—or even hundreds—of assets, reducing reliance on any single stock. CFD Index Trading However, not everyone wants and can invest in funds. Index investing may be very complicated and require substantial funds. It’s where CFD trading may offer an alternative way to engage with index investing, giving traders access to markets without needing to directly own the underlying assets. With CFDs, or Contracts for Difference, traders can speculate on the price movements of an index—such as the S&P 500, FTSE 100, or DAX—whether the market is rising or falling. This flexibility makes CFDs particularly appealing to those who want to take a more active role in the markets. One key advantage of CFDs is the ability to trade with leverage. Leverage allows traders to control a larger position than their initial capital, amplifying potential returns. For instance, with 10:1 leverage, a $1,000 deposit can control a $10,000 position on an index. However, it’s crucial to remember that leverage also increases risk, magnifying losses as well as potential returns. CFDs also enable short selling, allowing traders to take advantage of bearish market conditions. If a trader analyses that a specific index may decline, they can open a short position and potentially generate returns from the downturn—a feature not easily accessible with traditional funds. CFDs can also be used to trade stocks and ETFs. For example, stock CFDs let traders focus on individual companies within an index, such as Apple or Tesla, without needing to buy the shares outright. ETF CFDs, on the other hand, allow for diversification across sectors or themes, mirroring the performance of specific industries or broader markets. One notable feature of CFD trading is its accessibility to global markets. From the Nikkei 225 in Japan to the Dow Jones in the US, traders can access indices from around the world, opening up potential opportunities in different time zones and economies. In short, for active traders looking to amplify their exposure to indices or explore potential short-term opportunities, CFD trading can be more suitable than traditional indices investing. The Bottom Line Index investing offers a practical way to gain market exposure, while trading index CFDs adds flexibility for active traders. With CFDs, you can get exposure to indices, ETFs and stocks. Moreover, you can take advantage of both rising and falling prices without the need to wait for upward trends. Whether you're aiming for long-term growth or potential short-term opportunities, combining these approaches can diversify your strategy. With FXOpen, you can trade index, stock, and ETF CFDs from global markets, alongside hundreds of other assets. Open an FXOpen account today to explore trading with low costs and tools designed for traders of all levels. Good luck! FAQ What Is Index Investing? Index investing involves tracking the performance of a specific financial market index, such as the S&P 500 or FTSE 100, by investing in funds that mirror the index. It provides broad market exposure and is often seen as a straightforward, passive investment strategy. What Are Index Funds? Index funds are financial instruments created to mirror the performance of a particular market index. They’re commonly structured as mutual funds or ETFs. At FXOpen, you can trade CFDs on a wide range of ETFs, including the one that tracks the performance of the S&P 500 index. What Makes Indices Useful? Indices offer a benchmark for understanding market performance and provide a way to diversify investments. By representing a segment of the market, they allow investors and traders to gain exposure to multiple assets in one investment. Is It Better to Invest in Indices or Stocks? It depends on your goals. According to theory, indices provide diversification and potentially lower risk compared to picking individual stocks, but stocks might offer higher potential returns. Many traders and investors combine both approaches for a balanced portfolio. Does Index Investing Really Work? As with any financial asset, the effectiveness of investing depends on an investor’s or trader’s trading skills and strategy. According to theory, the S&P 500 has averaged annual returns of about 10% over several decades, making index investments potentially effective. However, this doesn’t mean index investing will work for everyone. What Are the Big 3 Index Funds? The "Big 3" index funds often refer to those from Vanguard, BlackRock (iShares), and State Street (SPDR), which collectively manage a significant portion of global fund assets. For example, at FXOpen, you can trade CFDs on SPDR S&P 500 ETF Trust (SPY) tracking the S&P 500 stock market index and Vanguard High Dividend Yield ETF (VYM) which reflects the performance of the FTSE High Dividend Yield Index. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:SPXMEducation
by FXOpen
1
S&P500: Broke its 1W MA50 after 17 months. Recovery or collapse?The S&P500 turned oversold on its 1D technical outlook (RSI = 29.430, MACD = -85.410, ADX = 51.223) as it breached today its 1W MA50 for the first time since the week of October 30th 2023, i.e. almost 1.5 year. That was a week of a very aggressive recovery after a Channel Up correction, with the bullish sequence reaching 9 straight green weeks. With the 1D RSI ovesold and the 1W RSI almost on the 39.15 Support, which was the low of the October 23rd 2023 1W candle, the index couldn't have been technically on a better long term buy spot. Needless to say, the market can't rise if the fundamentals are against it and right now the geopolitical tensions and more importantly the trade war isn't helping. If the index does find a positive catalyst to take advantage of, then the bullish technicals of the Channel Up bottom will prevail, and this week's candle may resemble the Max Pain 1W candle under the 1W MA50 of October 23rd 2023. Even if it doesn't rise as high as the 2.382 Fibonacci extension of that rally, we would expect in that instance a 2.0 Fib extension rally like the post August 2024 bullish wave (TP = 6,700). Failure to find support this week though, will most likely result in further collapse (even more aggressively so) to the 1W MA100. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPX
by InvestingScope
4
SPX Is About to Explode – Here’s What I’m WatchingSPX is at a critical level, and whichever way it breaks, the move could be huge. Here’s my take: If we drop below 5663, I see a move down to 5534 – 5445. If that zone fails, we could head toward 5332, and if selling pressure keeps up, 5234 might be next. But if we break above 5800, the bulls could take over, pushing to 5972, and maybe even 6149. It’s all about reaction levels now. I’m watching these zones closely—what’s your take? Are we heading up or breaking down? Kris/ Mindbloome Exchange Trader Smarter Live Better
SP:SPX
by Mindbloome-Trading
2
NASDAQ: Opening selloff is a buy opportunity.Nasdaq remains bullish on its 1D technical outlook (RSI = 60.351, MACD = 161.240, ADX = 29.408) despite today's selling early into the session. This indicates that relative to the bullish long term trend, this correction is a buy opportunity, especially as the index hit its 4H MA50. This happens to be at the bottom of the 20day Channel Up, a pattern potentially identical to the December 10th low of the Channel Up. We are long, expecting a new +3.80% rise (TP = 22,700). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
1
NASDAQ: Perfect neutral setup for scalp buy.Nasdaq is neutral on its 1D technical outlook (RSI = 52.467, MACD = 38.030, ADX = 17.154) since the index has been consolidating for the past 6 weeks. This offers great opportunities to buy low and sell high. At the moment the 1H RSI oversold bounce indicates that we has started a similar Channel Up so Jan 13th and Jan 27th. The symmetric RSI level suggests that this is where the index pulls back to retest the 1H MA50 and then rebounds for a new HH. On the medium term we are limited by the R1 Zone, so aim for its bottom (TP = 21,845). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
1
DOW JONES: Buy signal above the 4month RectangleDow Jones just turned bullish on its 1D technical outlook (RSI = 56.676, MACD = 255.440, ADX = 30.051) as it hit the 4H MA50 after an instant rebound on the 4H MA100 inside the same session. This is a strong bullish reversal but the buy signal will be validated if the price crosses over the 4month Rectangle pattern. The rally from its January 13th bottom has been with a significant correction until Friday's and today so far and according to the November rally which was two-fold, if this is the start of the 2nd bullish stage, it should be -1.70% weaker than the first. This implies that from today's low we should rise by +6.30%. This gives us a TP = 46,550 but in order to overcome the bearish pressure of the Rectangle, we will buy only if then price crosses over it. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
1