SP 500 AT MAXIMUMSA contraction is occurring in the rise, if this triple top holds, we can see a strong retreat to the marked areas.
what do you think? I read you in comments
Indices
VIX UPDATEAttention Wolfy Traders: Please be advised that our VIX index is currently decreasing. This indicates that there are brave traders in the market who are not afraid of risk. As a result, the price action in every chart can be fast and volatile. Therefore, it is important to keep this in mind and exercise caution when making trades."
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USDOLLAR INDEX - resharing my analysis.dear wolfy traders as you can see on this chart I explained everything easy to understand but for more information :
1. As the United States of America voting approaches, it appears that they are attempting to improve the power of the dollar to gain popularity.
2. In terms of my analysis, the price of XAU (gold) last month is the most crucial factor. People bought a significant amount of gold in various forms, leading to banks all over the world trying to create sell pressure.
"I had shared this analysis before, but it was deleted due to TradingView's house rules. However, I have fixed the problems and believe that this analysis is important for gold traders, which is why I am sharing it again."
Nasdaq-100 H1 | Potential bullish breakoutThe Nasdaq-100 (NAS100USD) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target.
Entry: 17,817.55
Why we like it:
There is a potential breakout level
Stop Loss: 17,664.85
Why we like it:
There is an overlap support level
Take Profit: 17,965.80
Why we like it:
There is a swing-high resistance level
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.
DOW JONES: Still bullish inside the Channel Up.Dow Jones has turned neutral on the 1D technical outlook (RSI = 53.990, MACD = 135.700, ADX = 29.049) as it crossed under the 4H MA50 and is on a lengthy consolidation phase inside the two month Channel Up. The 4h RSI is on a Bearish Divergence, which doesn't mean much unless the 4H MA200 breaks, as the very same divergence emerged during the December - January consolidation. If the 4H MA200 breaks, we will prepare our short under the S1 level and target the top of the S2 zone (TP = 37,200). Until then, the Channel Up favors buying (TP = 39,500).
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S&P 500 Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook:
According to the chart analysis on Feb 9, the S&P 500 (Spooz) index has completed our Outer Index Rally of 5035. It is now retreating and entering a pivotal squeeze mode. The main price target is Mean Sup 4945, possibly extending to Mean Sup 4847. After reaching these levels, the index is expected to rebound strongly and retest Key Res 5029, completing the Outer Index Rally 5035 again.
S&P 500 H1 | Potential bullish bounceThe S&P 500 (SP500) could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target.
Entry: 5,007.59
Why we like it:
There is an overlap support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 4,986.89
Why we like it:
There is an overlap support that aligns close to the 38.2% Fibonacci retracement level
Take Profit: 5,051.69
Why we like it:
There is a swing-high resistance level
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.
S&P500: Last pump before a correction.S&P500 is on healthy bullish technicals both on the 4H (RSI = 63.806, MACD = 7.990, ADX = 31.789) as well as the 1D (RSI = 64.592) timeframes as it keeps rising inside a six week Channel Up. According to the last HH wave we are expecting a top on the 1.236 Fibonacci extension. If that's coupled with the 4H RSI hitting the top of its Rectangle, we will short the market at that level and target the Channel's bottom and the S1 level (TP = 4,920).
As long as the 4H MA200 holds, it will be a buy entry. If crossed, then the bullish pattern is negated and we will short again, aiming for the S3 level (TP = 4,715) and a potential contact with the 1D MA100. It will be almost a -8.00% correction, a healthy pullback on the 1D scale.
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Dow Jones H4 | Potential bullish breakoutDow Jones (DJ30) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target.
Entry: 38,448.86
Why we like it:
There is a potential breakout level
Stop Loss: 38,048.50
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Take Profit: 38,891.09
Why we like it:
There is a swing-high resistance level
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.
DAX H4 | Potential bearish reversalDAX (GER40) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 17,037.75
Why we like it:
There is a pullback resistance level
Stop Loss: 17,087.40
Why we like it:
There is a pullback resistance level
Take Profit: 16,791.05
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
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.
$JX Canadian Venture Exchange - 'Cup & Handle'...Bullish Chart Plot with the pot'l for a fake move overthrowing the Lwr-Band of the Handle to Tap-n-Go from the 4Hr Grey/MA.
Most prefer to wait for a Break/out of the 'Cup' itself yet, entering on a re-entry after a Break/Down esp to a key/ma can get one in early with a tighter stop (which would be below the low of the fake move on a daily close below CAD/5.36)
Here we have more than 3/1 Risk/Reward Ratio to the 1st Target...
NASDAQ: Short term sell initiatedNasdaq is approaching technical neutrality on the 1D timeframe (RSI = 57.511, MACD = 191.510, ADX = 25.356) as it got rejected near the top of a Double Channel Up pattern. The 1D RSI is printing a technical sequence resembling the July 31st 2023 LH, which was the start of a short term correction. Along those lines, we are opening a short, aimed at the 1D MA100 (TP = 16,850).
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S&P 500: Resilient Rise Challenges Upper ResistanceThe S&P 500's latest weekly close at 4971 reflects ongoing bullish momentum, positioned just below the upper Bollinger Band resistance of 5136.3. The market's resilience is further underscored by the MACD's positive divergence above its signal line. Looking down, the Simple Moving Average at 4854.7 serves as the pivotal support, reinforcing the trend's strength. As the index navigates between these technical boundaries, the near-term outlook suggests a cautious but optimistic view for potential upward continuation.
$UKX #FTSE100 - Several Patterns combined...A concentration of lines giving clear patterns for actionable areas of entry on Break/Outs. Expect volatility to continue whilst with the shaded bands forming the 'Coil'.
A Breakout could be produce quick profits as the range has be ongoing for a couple of years compressing the energy. The 'Ascending Triangle' (Gold) would be my preferred plot with upside/downside targets respectively of 8220 & 7000 and to micro-manage the trade from then on.
Nasdaq-100 H1 | Potential bearish reversalThe Nasdaq-100 (NAS100) could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 17,728.70
Why we like it:
There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 17,852.90
Why we like it:
There is a pullback resistance that lies above the 61.8% Fibonacci retracement level
Take Profit: 17,515.80
Why we like it:
There is a pullback support that lies above the 61.8% Fibonacci retracement level
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.
NASDAQ Breakout and Potential retraceHey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 17860 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 17860 support and resistance zone.
Trade safe, Joe.
S&P 500 Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook:
The S&P 500 index has reached and surpassed our Inner Index Rally 4980, and we expect it to continue to rise in the upcoming week. Our projection is that it will fill the five-handle gap to reach an Outer Index Rally 5035 and then continue to Inner Index Rally 5072. However, we anticipate potential pullbacks in the market at this level.
Notwithstanding, if there is a down move or gap-down before reaching the 5035 price, the Mean Sup 4985 will be the primary target. It is essential to monitor the price action carefully in the first three days of the upcoming week's session to make informed trading entry decisions.
SP500: Outlook for a new high at 5100 before the crash.On the U.S. stock market front, there has been a significant increase in the S&P 500 index, which closed the session with a gain of 0.76% compared to the values before January 29. The opening was in line with the closure of the previous session, but during the day, there was a strengthening, culminating in the closure near the day's highs.
Analysis of Status and Trend:
From a short-term technical perspective, the Standard & Poor's 500 index shows an expansion of positive performance in the curve, with the first resistance area identified at 4,949. There is a potential risk of correction towards the target level of 4,885.7. The forecasts indicate an increase in the bullish trendline towards the resistance area of 5,012.4.
S&P 500 H1 | Bullish momentum to extendThe S&P 500 (SP500) could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target.
Entry: 4,988.64
Why we like it:
There is a pullback support level
Stop Loss: 4,972.59
Why we like it:
There is a pullback support that lies close to the 38.2% Fibonacci retracement level
Take Profit: 5,018.02
Why we like it:
There is a resistance that aligns with the 61.8% Fibonacci projection level
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.
Potential bull flag on ASX futures (SPI 200)The ASX 200 cash market rose for a second day, although the SPI 200 futures closed flat with a potential bullish pinbar on the daily chart. The 1-hour chart also shows a potential bull flag, which projects a target around 7640 (or the Feb 2nd overnight VPOC - volume point of control).
For today, bulls could seek pullbacks towards 7580 - 7587 (overnight VPOC) in anticipation of a break higher. Or wait for the break to enter long.
Upside targets include 7600, 7614 (cycle high), and 7640 / 100% projection.
Dow Jones H4 | Falling to 38.2% Fibo supportDow Jones (DJ30) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 38,159.35
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 37,769.85
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement level
Take Profit: 38,792.50
Why we like it:
There is a pullback resistance level
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.
Dowjones under the weight of a strong DollarHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38600 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38600 support and resistance zone.
Fundamentally we would like to consider the current strong macro context of the dollar as the top performer of the week. noticing also that Dowjones is often in a negative correlation with the dollar so a strong dollar should be heavy on US30.
Trade safe, Joe.
S&P 500 Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook:
During the recent trading session, the Spooz (S&P 500) experienced a dip toward the Mean Support level of 4845 for an excellent Buy signal placement. The prices ricocheted strongly toward the Inner Index Rally level of 4980, reaching a high of 4975. Looking ahead to the upcoming week, we anticipate that the price will fill in the five-handle gap from the previous week's price action, which could lead to a significant pullback. That said, if the price continues to move slowly, steadily, or in a tight range, it may indicate a minor pullback before continuing on an upward trajectory toward the Outer Index Rally level of 5935. However, the violent or gap-down price movement will signal that Mean Sup 4845 is again a legitimate target. Overall, careful monitoring of the price action on the first two days of the upcoming week's session is crucial for making informed trading entry decisions.
