SPX500 H4 | Overlap resistance at 50% Fibonacci retracementSPX500 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 5,520.41 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 5,580.00 which is a level that sits above the 61.8% Fibonacci retracement level and an overlap resistance.
Take profit is at 5,388.72 which is a swing-low support that aligns close to the 50.0% Fibonacci retracement level.
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Indices
ASX 200 futures enter the “death zone” for bulls ASX 200 SPI futures and bullish moves above 8000 haven’t mixed well in 2024, resulting in a raft of failed breaks, long topside wicks and topping patterns. It’s akin to a “death zone” for bulls, starving rallies of oxygen before eventually reversing.
I’m not outright bearish just because we’re back above the level, especially when momentum indicators are providing mixed signals, but I am interested in what happens near-term as it may dictate what happens longer-term. We’ll either get another topping pattern, or a bullish raid will finally stick. So, I’m waiting. I’m especially interested in how the price fares around 8080, if it gets there. The market has only been able to push through it once and never closed there.
Given the track record and current valuations, I’m more inclined to sell rallies but I want the price signal to do so. If we see another failed attempt around 8080, you could sell with a stop either above the level or the high set in August, depending on your eventual target. On the downside, the 50-day moving average looms as one, with 7871, 7794 and 7721 the next after that.
If the price were to break and close above 8121 before extending the move, the bearish bias would be negated.
Good luck!
DS
Could price drop from here?S&P500 (US500) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support.
Pivot: 5,498.75
1st Support: 5,392.64
1st Resistance: 5,562.88
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DAX H4 | Overlap resistance at 50.0% Fibonacci retracementDAX (GER30) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 18,658.25 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 18,900.00 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance.
Take profit is at 18,269.64 which is a multi-swing-low support that aligns with the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bearish drop?DJ30 is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 40,629.65
Why we like it:
There is a pullback resistance level.
Stop loss: 41,194.90
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 39,867.90
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
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S&P500 Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5320 zone, US500 was trading in a downtrend and currently is in a correction phase in which it is approaching the retrace area at 5320 support and resistance area.
Trade safe, Joe.
S&P 500 Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook:
Throughout the trading sessions of the current week, the S&P 500 Index has demonstrated significant downward movement, completing an Inner Index Dip at 5408 and establishing a new Mean Resistance level at 5530. There is a strong likelihood of a rebound to this level. Further, emphasis is placed on achieving the extended downward move to the target marked at Mean Support 5344, where a resilient rebound is anticipated.
NAS100USD / TRADING BELOW TURNING LEVEL - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
The overall trend is downward , until trading below turning level at 19,105 .
The price action points to a likely continued decline due to its inability to surpass the key turning point of 19.105, signaling persistent downward momentum. Staying under this level implies strong bearish pressure, with support levels at 18,699 and 18,351 as possible targets.
On the other hand, breaking above 19.105 would suggest a change in market sentiment towards a more bullish trend, potentially leading to a rise towards the resistance levels of 19,538 and 19,906, driven by increased buying interest and upward momentum
KEY LEVELS :
TURNING LEVEL : 19,105 .
RESISTANCE LEVELS : 18,699 , 18,351 .
SUPPORT LEVELS : 19,538 , 19,906 .
SPX500 - Support becomes Resistance !Hello Traders !
On the daily time frame, The SPX500 reached the resistance level (5669 - 5629).
Yesterday, The price broke a strong support level (5543 - 5565).
This key level becomes a new resistance level !
So, I expect a bearish move📉
_____________
TARGET: 5424🎯
ASX 200 futures look ominous heading into NFPIts failure to retest 8,000 after a feeble 2-day recovery this week looks like it may not take much to topple ASX 200 futures for another leg lower. And with an all-important NFP report lined up and traders heavily focused on minor signs of weakness, the path of least resistance could well be lower. Matt Simpson take a quick look.
Heading into 61.8% Fibonacci resistance?DJ30 is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 41,280.14
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 41,624.76
Why we like it:
There is a pullback resistance level.
Take profit: 40,605.92
Why we like it:
There is a pullback support level that aligns with the 138.2% Fibonacci extension.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NAS100USD / UNDER BEARISH MOMENTUM - 4HNAS100USD / 4H TIME FRAME
The overall trend is downward , until trading below turning level at 19,105 .
The expectation of a decline when prices remain below 19,105 is based on technical analysis principles, where key support and resistance levels play a crucial role in predicting price movements. When prices fail to break above a resistance level like 19,105, it often indicates a lack of bullish momentum, leading to a potential drop towards the next support level, which is identified as 18,699.
If the price falls below 18,699, this would likely trigger further selling pressure, pushing the price down to 18,351. This is because breaking a key support level often leads to an acceleration of the downward trend as traders and investors react to the breach.
On the other hand, if the price manages to close above 19,105, especially on a 4-hour or 1-hour chart, it suggests a possible shift in market sentiment. This close above resistance would signal that the bulls are regaining control, and the price could then move upward towards the next resistance levels at 19,538 and 19,906. This scenario reflects the importance of monitoring key levels and timeframes to anticipate potential trend reversals.
KEY LEVELS :
TURNING LEVEL : 19,105 .
RESISTANCE LEVELS : 19,538 , 19,906 .
SUPPORT LEVELS : 18,699 , 18,351 .
DAX H1 | Potential bearish breakoutDAX (GER30) is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 18,488.94 which is a potential breakout level.
Stop loss is at 18,700.00 which is a level that sits above a pullback resistance and a descending trendline.
Take profit is at 18,248.14 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NASDAQ Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 18350, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18350 support and resistance area.
Trade safe, Joe.
NAS100USD / TRADING BELOW TURNING LEVEL - 4H NAS100USD / 4H TIME FRAME
Tendency , prices is under downward pressure , until trading below turning level at 19,550
Downward Condition : The price is currently under downward pressure, and this trend is expected to persist as long as it remains below the turning level at 19,550 . This indicates a potential decline toward the support level (1) at 19,164 . Should a 4-hour candle close below this support, it would signal increased bearish momentum, likely resulting in a further drop toward the next support level (2) at 18,751. This scenario underscores the importance of monitoring these levels closely, as staying below the turning level could lead to continued weakness in the market.
Upward Condition : For an upward trend to establish itself and target the resistance level (1) at 19,908 , prices must first break through the turning level at 19,550 . This breakout is a crucial indicator of potential upward momentum. To further validate this movement, prices should stabilize above the resistance level (1) , which would set the stage for reaching the resistance level (2) at 20,218. However, if prices encounter the first resistance level but fail to break through and stabilize, it suggests that the upward momentum may be insufficient, leading to a potential retest of the turning level. This retest could indicate a pause or reversal in the upward trend, requiring further observation before a clear direction is determined.
NAS100USD / buy above 19,550
SL: 19,480
TP: 19,908
TP: 20,218
NAS100USD / sell below 19,550
SL: 19,600
TP: 19,164
TP: 18,751
SP500 seasonality and market positioning are at oddsOn one hand, seasonality for the S&P 500 and indices in general tends to be unfavourable in September. On the other, asset managers are 'all in' being long the index which sits just beneath its record high. We weigh up the competing factors to decide whether we should tread carefully around seasonality, or simply ignore it.
MS
S&P 500 Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook:
Throughout the current week's trading sessions, the S&P 500 Index has exhibited notable fluctuations, initially reaching the Mean Support level of 5570 and subsequently demonstrating resilience by rebounding toward the specified targets outlined in the preceding weekly analysis, encompassing the completed Inner Index Rally at 5666 and Key Resistance level at 5667. Beyond those targets, the focus is on attaining the extended rebound targets, specifically the next Inner Index Rally at 5745 and the long-awaited Outer Index Rally at 5840. It is essential to recognize that achieving these targets will likely prompt a selling price action.
NAS100 H4 | Pullback Resistance at 61.8% Fibonacci RetracementNAS100 is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 19,634.76 which is a pullback resistance that aligns with a 61.8% Fibonacci retracement level.
Stop loss is at 20,100.00 which is a level that sits above the 78.6% Fibonacci retracement level and a multi-swing-high resistance.
Take profit is at 19,187.76 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.