Get started

Indices

BluetonaFX - SPX Potential Double Top SHORT OpportunityHi Traders! There is a potential double top pattern formed on the 1D S&P500 chart, and there is potential for further moves to the downside depending on whether we get another price rejection at the important 4393.57 level, which is the 4-week high. Price Action 📊 The market has had a big price rejection around the 4393.57 level and has now reached that level again. There is potential for a short entry with a small stop loss above 4393.57 for good risk-reward opportunities. Fundamental Analysis 📰 There were weak US major figures recently posted, with weaker than expected PMI figures and Non-Farm jobs data. The Fed also failed to commit to further interest rate hikes, which has left traders nervous about the US dollar.   Support 📉 4355.41: PREVIOUS DAY'S LOW 4284.79: 20 EMA 4103.78: 2 WEEK LOW Resistance 📈 4386.26: PREVIOUS DAY'S HIGH 4393.57: 4 WEEK HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:SPXShort
by BluetonaFX
1
DOW JONES: Final pump before correction.Dow Jones turned bullish on its 1D technical outlook (RSI = 59.241, MACD = -34.600, ADX = 33.114) after more than three weeks as it smashed past our target and even crossed over the R1 level (34,150). The inevitable formation of a Golden Cross on the 4H timeframe, indicates that this sequence has one more High left to give on the LH and HH trendlines cross. The 4H MACD Bearish Cross is very much like October 12th, both took off on a Double Bottom Bullish Cross. This is our last short term buy (TP = 34,500). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
3
NASDAQ: Short term sell opportunity.Nasdaq hit our TP = 15,000 as since our last idea (chart at the bottom) we took full advantage of the whole LH leg of the Channel Down. With the 1D technical outlook now just slightly bullish (RSI = 56.567, MACD = -24.590, ADX = 32.703) despite the seven day rally, we are looking towards a short term pullback that will test the buying strength and investor commitment towards a long term rise. Consequently we are going short here, on the RSI rejection on R1, targeting the 0.382 Fibonacci retracement level (TP = 14,750). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
US30 After the FED, 36,000 incoming!Regarding yesterday's trading day: Checked progress for the American index, which closed up by 0.66%. The start of the day was quite promising for the index, marking an initial price at 33,988.8 points, staying above the peaks from November 2nd and continuing to rise during the session. Currently, the short-term outlook for the Dow Jones indicates a strong ascent with a target set at 34,438.8. In case of a temporary correction, the immediate target is seen at 33,306.4. However, expectations are for the curve to rise further to reach the peak at 35,571.1. Resistance 2: 34,438.8 Resistance 1: 34,061.3 Support 1: 32,551.5 Support 2: 0.7642
BLACKBULL:US30Long
by Forex48_TradingAcademy
10
S&P 500 Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook: The stabilized selloff in the bond market in this week's price action sent the index raging upward all the way up to Mean Res 4378 and completing our Inner Index Rally 4375. On the downside, the index will likely go down toward the Mean Sup 4238, followed by a series of price targets marked on the chart. However, due to the reactionary nature of the market, sudden fluctuations in either direction are possible.
SP:SPX
by TradeSelecter
13
DAX: Approaching the 1D MA50. Buy the pullback.Target achieved on DAX (chart at the end) as the price made a straight rebound at the bottom of the Channel Down. The 1D technical outlook is neutral (RSi = 52.756, MACD = -158.600, ADX = 30.783) and being that close to the 1D MA50 without being bullish already, makes a short term pullback possible. On the long term, we expect a bullish breakout over the Channel Down as the current rally originated after an (almost) one month long 1D RSI Bullish Divergence. So as long as the price gets rejected under the 1D MA50, we will wait for a 4H MA50 pullback to open the new long and target the R1 level (TP = 15,575), a candidate to make contact with the 1D MA200 as well. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40
by InvestingScope
📈 BTC vs. S&P500: Broken Correlation & The Next Big Move!🔥🔀💰Wishes for a nice month everyone and let's all pray for logic and Peace in the World.🌍 🎓 November has started with a bang, and we're seeing some interesting movements in the financial market. 📊 🔍 Observations: Bitcoin's Rollercoaster: BTC took a slight dip today, even after a splendid performance post the Federal Reserve announcement. 💸 Inverse Correlation Emerges: Historically, Bitcoin & S&P 500 moved hand in hand. But now? They're moving in opposite directions at times! 🔄 Past Patterns: Dive into 2018, 2019, and 2020, and you'll see this dance between BTC and S&P 500. Correlation breaks, then normalizes, and ultimately... BOOM! 🚀 A significant price movement ensues. 🤔 Thoughts: ChatGPT Insights: Looked up ChatGPT for more on this correlation break. Factors like market sentiment, liquidity, and micro events could be playing a role. Current Market Trend: Bitcoin's moving up while indices correct. What's next? We might see this correlation normalize soon. 🔄 The BIG Resistance: Keep an eye on Bitcoin as it approaches the major resistance level I've been talking about. This could be a pivotal point! 🔝 🔥 Hot Takes: Bitcoin: Feeling bullish! Major support lies around 34,000, and I'm optimistic about BTC reaching the 37,000 mark and beyond. 🚀 S&P 500: Spotted a significant resistance at 4,327. Bearish trends have been dominant since last year, but a break above this resistance could change the narrative. 🐻 vs 🐂 In conclusion, watch out for the correlation between Bitcoin and the S&P 500. When it breaks and normalizes, it might just present a golden opportunity! 🌟 Keep observing, analyzing and take grown up decisions; stay vigilant, and remember to do risk management and have patience 💰 One Love, The FXPROFESSOR 💙 link:
SP:SPX
by FX_Professor