ES -Manipulation & 1/3ADR+Todan in NY AM Session ES -Manipulation 4H targeting 1/3ADR+ 1:4RR booked ✅
Indices
Bullish bounce off 50% Fibonacci support?Dow Jones (US30) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 39,006.68
1st Support: 38,641.57
1st Resistance: 39,556.53
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
#US30 Best selling opportunityPrice seems to be completing the fifth wave of an ABC bullish corrective move, after which it is likely to move lower to complete its third wave in a higher degree.
The conjunction of the two bullish channels is an optimal price level to sell.
For those who are more risk-averse, they could wait for a bearish breakout of the short-term bullish channel.
If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Nas100 Bullish Trade Idea Technical Analysis: NAS100
The market appears to be in a bullish reversal setup after finding support and potentially moving towards our supply zone.
If the price breaks above the equilibrium zone: It is likely to head towards the resistance levels marked by the Fib retracement levels.
If the price fails to break the equilibrium zone: It may retest to the 50% line on the fib at 19,655.8 before resuming the upward trend.
OHLC Stat Map + AWR = gemNQ provided beautiful setup of 1/3 AWR- targeting -Distribution from OHLC Stat Map!
Keep it simple
DOWJONESDow Jones analysis
2 hour and daily time frame
Dow Jones is near the 2-hour supply zone. After entering the zone, seeing the confirmation in the 15-minute time frame, we can enter sell positions with a stop just above the zone. If this area is lost, we will wait until it enters the daily supply area. If the ceiling of the daily supply area is touched, downward reversals give us the position of buying trades. to enter the daily latitude zone.
If the 2-hour supply area is maintained, the first target of the midline trading range and the second target can be the 2-hour demand area, which is formed above the daily demand area.
Bearish drop?DAX40 is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 18,275.79
Why we like it:
There is a pullback resistance level.
Stop loss: 18,386.59
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 17,931.01
Why we like it:
There is a pullback support level.
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US30 LongWe are in a clear uptrend. The weekly chart clearly shows that we had no clear direction for two weeks and now we have a strong bullish weekly candle. What's very important is that we closed above the resistance that has been tested multiple times in the past. So for me, it's a clear signal that we will continue to rise.
Dow Jones is approaching an important support levelHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 38,600 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 38,600 support and resistance area.
Trade safe, Joe.
S&P 500 Daily Chart Analysis For Week of June 21, 2024Technical Analysis and Outlook:
The index completed our Inner Index Rally 5480 and is in the process of squeezing the price action to the primary target, Mean Sup 5420. Renewed upside movement is expected from Mean Sup 54200.
S&P 500 Index Technical Analysis and Intraday ForecastS&P 500 Index Technical Analysis
The price has declined from its resistance level of 5529 and is currently trading in a bearish zone. As long as it remains below the pivot line, the bearish trend is expected to continue towards 5410.
Intraday Analysis:
Today, the price is likely to stabilize below 5479, maintaining the bearish trend towards 5440 and 5410.
Bullish Scenario:
For a bullish reversal, the price must stabilize above 5502. If this occurs, the bullish trend may target 5529 and subsequently 5550.
Bearish Scenario:
As long as the price trades below the pivot zone, which lies between 5502 and 5479, it is expected to decline further towards 5440 and 5410.
Key Levels:
- Pivot Line: 5479
- Resistance Levels: 5502, 5529, 5550
- Support Levels: 5440, 5410, 5373
Today's Expected Trading Range:
The anticipated trading range for today is between the resistance at 5502 and the support at 5410.
S&P500 is approaching a significant support areaHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5,400 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5,400 support and resistance area.
Trade safe, Joe.
US30 Bullish Trend with Key Support at 38,790Technical Analysis: US30
The price trend for US30 is currently bullish, targeting 39,050 as long as it remains above 38,790. There is also the possibility of a price correction down to 38,790.
Bullish Scenario:
As long as the price trades above 38,790, it will likely push up to 39,050.
Bearish Scenario:
If the price breaks below the support level at 38,790, it could decline to 38,580. Sustained trading below this level may result in a further drop to 38,400.
Key Levels:
- Pivot Line: 38,790
- Resistance Levels: 39050, 39350, 39700
- Support Levels: 38580, 38400, 38290
Today's Expected Range:
The price is expected to move between the support level at 38,790 and the resistance level at 39,050.
In summary, maintaining a position above 38,790 supports a bullish outlook with higher resistance targets, while trading below this level indicates potential bearish movement towards lower support zones.
NASDAQ is approaching the main trendHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19330 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19330 support and resistance area.
Trade safe, Joe.
China A50: Potential swing trade longThe China A50 rose over 20% from it January low to earn its 'technical bull market' status. Yet prices couldn't quite reach 13k before embarking on a -7% retracement over the next four weeks. Yet with it showing early signs of stability above support zones, perhaps a swing low is near - if not in place already.
The daily chart shows a bullish engulfing candle on high volume, which respected the 38.2% Fibonacci level and 12k handle. The engulfing day also closed back above the monthly S1 pivot point.
Bulls could seek dips within the engulfing day's range with a stop beneath its low, or 12k for a more conservative entry. 12.5k or the monthly pivot point make an appealing upside target for bulls.
DowJonesDow Jones analysis
Daily and 2-hour time frame
The price moved from the bottom of the daily range to the midline of the range.
When the price reaches the 2-hour support floor, we can enter a buying position.
NAS100...Historically Bullish With Weekly Sell OpportunitiesNAS100 is and has continued to be a bullish instrument...what this means is that if you have entered on any LOW's on the bigger timeframes, you could have continued to hold forever and still be in profit despite the retracements on the smaller timeframes.
There have been great sells in recent times that have provided great profit opportunities, however that requires extreme skill and great patience.
While my bias is still towards the buy, I took a sell opportunity based on the fact that the price registered an all time high (ATH) on Friday June 7th, 2024)...This move will end with a HL on a timeframe bigger than the H1, hence creating another buy opportunity towards another ATH.
Friday's Sell entry was as follows:
Entry: 19105.3
TP: 18904.1
As always guys...I am not a signal service provider and there are trades that I will take an not post as time may not allow, so please do not look to me for guidance as to how I am entering or exiting...this is just for informational purposes only.
Important: NAS100 is always bullish, which means, I take Lows to Highs for buys and High to lows for sells.
Zig to Zag = Buys
Zag to Zig = Sells
#auberstrategy
#aubersystem
#whywewait
#zigzagtheory
#patience
You can check my video profile to see a visual explanation entitled "NAS100...The week Ahead 6/9 - 6/14/2024"
Week 25 Analysis (17Jun) + Week 24 ReviewWelcome Fellow Traders!
Tech Analysis for the coming week + review of the current!
Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned!
If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!
S&P 500 Daily Chart Analysis For Week of June 14, 2024Technical Analysis and Outlook:
The Spooz achieved the designated downside target of Mean Support 5325 before ascending to fulfil two significant milestones: the Inner Index Rally 5408 and the subsequent Outer Index Rally 5450. Presently, the index is poised for upward movement, with two distinct targets: the Inner Index Rally 5480 and the subsequent Outer Index Rally 5560. In a downward scenario, it is anticipated that Spooz may test the newly established Mean Support level of 5401, which is expected to catalyze reigniting its bullish trend.
algorithmic precision ESagain, again, again,.. Bullish bias = youre looking for a +ADR/AWR/AMR and target -ADR/AWR/AMR. today was again beautiful example.
Every day, every week and it won't stop
S&P 500 Index: Bullish Trend Faces Potential ReversalS&P 500 Index Technical Analysis
The S&P 500 (SPX) has continued its bullish trend as anticipated, successfully reaching the projected targets. However, it now appears poised for a potential decline.
Intraday Analysis:
Today, the price may stabilize within the bearish zone, remaining below 5423 and potentially moving towards 5372.
Bullish Scenario:
For a new bullish trend to be initiated, the price must close a 4-hour candle above 5423, targeting 5440. Stability above 5450 would then be required to confirm the bullish trend.
Bearish Scenario:
As long as the price trades below 5423, it is likely to drop towards 5372 and 5346, particularly if a 1-hour candle closes below 5414.
Key Levels:
- Pivot Line: 5423
- Resistance Levels: 5450, 5484, 5520
- Support Levels: 5372, 5347, 5320
Today's Expected Trading Range:
The anticipated movement range for today is between the resistance at 5450 and the support at 5346.
In summary, maintaining a position above 5450 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5423 indicates a bearish trend, with potential support targets at 5372 and below.
Potential bullish bounce?UK100 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 8,094.06
1st Support: 8,003.06
1st Resistance: 8,245.38
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
S&P 500 Hit Record Highs for Third Consecutive Day!!!S&P 500 Index Technical Analysis
The S&P 500 ( OANDA:SPX500USD ) has continued its bullish trend as anticipated, successfully reaching the projected targets.
With the Consumer Price Index (CPI) result being released at 3.3% as we expected, the index tested its final resistance level of 5450.
Intraday Analysis:
Today, the price may stabilize within the bearish zone, attempting to break through the pivot line at 5423.
Bullish Scenario:
The price is likely to consolidate between 5423 and 5450. A breakout above 5450 would activate the next bullish trend, targeting 5484.
Bearish Scenario:
Should the price close a 4-hour or 1-hour candle below 5423, it is expected to decline towards 5384 and potentially 5372, thereby reaching the demand zone.
Key Levels:
- Pivot Line: 5423
- Resistance Levels: 5450, 5484, 5520
- Support Levels: 5383, 5347, 5320
Today's Expected Trading Range:
The anticipated movement range for today is between the resistance at 5450 and the support at 5372.
In summary, maintaining a position above 5450 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5423 indicates a bearish trend, with potential support targets at 5372.
Previous idea:
S&P 500 and Nasdaq Hit Record Highs for Third Consecutive Day Amid Fed's Interest Rate Forecast
The S&P 500 and Nasdaq closed at record highs for the third consecutive day on Wednesday, driven by unexpectedly mild inflation data. However, these indexes retreated from their intraday peaks following the Federal Reserve's announcement that it projects only one interest rate cut this year.
In a significant shift from its March projections, which included three quarter-percentage-point reductions, the Fed concluded its June 11-12 meeting by stating it would leave its policy rate unchanged, as anticipated by the market.
The stock market experienced volatility after the news and the subsequent press conference with Fed Chair Jerome Powell. While the S&P 500 and Nasdaq pared their gains, the Dow Jones Industrial Average finished the day nearly flat.
Stocks opened higher after the Labor Department reported that the U.S. Consumer Price Index (CPI) was unexpectedly unchanged in May, due to a decline in gasoline prices. This softer inflation data initially fueled market optimism.
"The CPI number was certainly cooler than estimates and drove optimism to start the day, but that was only half of today's menu," noted Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
The mixed signals from the inflation data and the Fed's cautious stance on interest rate cuts created a complex trading environment, leaving investors to navigate between optimism and uncertainty.
