two ways this can go (spx)since we didnt immediately continue higher, but stopped just shy of getting above fridays close spx has retraced to the .382 of the bounce.
my idea is simple: if we stay above 4638 its likely to bull flag, and if we dont its likely to revisit 4600 around the .786, or at leats the bottom of low anchored vwap around 4616 or the .618
the key will be sector rotation, and if xlf, spy, and qqq are hitting lows at the same time then a decline is more likely. if some sectors and big stocks are doing well while others suffer a little, then rotation and a bullflag in the index is more likely.
Indextrading
spx volatility appears to be returning in a big way (es1!)unfortunately for broader market longs i think we are in for another increase in volatility running into the first part of the new week.
i imagine we have one more run up toward resistance to fakeout the bulls before support fails like it has since the bottom at 10am est on friday.
the current hourly inside bar tells me to set up long toward 4668, but momentum and other indications are saying a decline to 4643 is very likely.
US100 (Free Signal)Happy New Year for you all Newbies Intermediate Expert - I wish you all a blessed and profitable 2022.
I wish you more health , more wisdom , more knowledge , more profits.
Don't forget... trade is your perspective about your own life , never judge anyone , never care about what you dont know.
Be more disciplined , Be more Motivated , Be more Human , Be more YOU.
Gillionaire Global the place where knowledge never die and Numbers never lie
4 hr shaping up for a melt up if cash opens hot to the downsides&p500 futures will enjoy a period of increased volatility if the situation arises for topfishers to take in a larger volume than the recent longs minus the profit taking amount
this will lead to a higher high on the daily compared to 4743
SP500: Top or Flop?After making significant gains, the S&P500 falls short of rising above the resistance line at 4711 points, which approves that this is an important mark. We expect the course to extend gains into the white area. However, an alternative drop ist possible, too. Here, the index would be in a bigger correction until the blue area is reached.
Exciting times!
DAX: Primary Push?The DAX has excellently recovered from its low and is celebrating it with some great runs. However, within the blue box, where the index is currently located at, there is a high chance that this current surge is only short-lived. With a chance of 40%, the course might drop all the way down to the pink area.
Don't be too fast!
Are we building for a deeper selloff or a bounceAsian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then other markets will follow....so are Asian shares markets flagging what is to come. Check out the video for a more detailed look at key levels for major US, Asian and Australian Indexes.
Remember to check out the website www.tradethestructure.com and leave a comment a thumbs up for the video.
S&P 500 Index (SPX) Forecast 2022-2023Hello friends, today I am reviewing the yearly linear scale chart for S&P 500 Index (SPX).
In the chart I noted:
1) The price has been rising consistently since 1989-1990 with the price moving up in an Arc Pattern since 2009.
2) The price touched the Arc trendline in 2009 and again in 2020. If the price comes down to touch the Arc trendline in 2022, that would be a 40% drop. If it comes down in 2023, the price would drop 30%.
3) In 2009, the price dropped around 38%. I took the RSI at that time and matched it with the RSI at the current levels. If the current price falls, the RSI may also fall to the 60 to 61 range.
4) The RSI (relative strength index) has had a long standing support and resistance at 60 to 61. There is also a long term bottom trendline on the RSI dating back to 1932, in case it falls further.
A drop in the price to meet the Arc trendline is coming up. Let's see if it is in 2022 or 2023?
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Asian Markets melting down and do not look healthy longer termThe Nikkei and Hang Seng along with my local ASX200 are well under pressure today and may see further downside in coming sessions. In the video I take a look at the daily charts for my major Indexes and discuss where I see the risk and how I will look to trade any downside if this weakness continues.
UK100 buy running ⤴️🙌We are using our POW reversal strategy for this trade a UK100 long.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
Previous trades also can be seen on chart.
Both were long trades and both found TP so lets see if we can go three for three.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
UK100 long has presented 😀📈Trade details for current trade are shown on the chart.
Trade has been live since 8:45 UK time and we are using our POW reversal script.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Previous trade can also be seen on chart a short which TP before the new long trade presented.
Trade history can be seen at the foot of this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
Banknifty levels for 27 October 2021First Hour Candle - Bullish at intraday support
Prices did not see a follow-up.
Price move below the support formed weak candle in the second hour but did not see a follow-up on the downside.
Since Price did not sustain the support level mentioned above, hence the First-hour candle high would most likely act as a resistance for the rest of the day and it did.
Now what for tomorrow: 27 Oct 2021
Above - 41350 - may move towards 41830
Below 40870 - may move towards 40300- 40200
The range for this week - 41830- 39500
UK100 long running 📈👏Trade details for current trade are shown on the chart.
Trade has been live since 7:15 UK time and we are using our POW reversal script.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Previous trades can also be seen on chart one found TP one found SL which was covered in an idea Monday.
Lets see how this trade plays out.
Trade history can be seen at the foot of this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren