S&P500 - Bathed in a Sea of Red: Market Turbulence AheadFutures Meltdown: Sharp Decline
U.S. index futures fell sharply on Monday following downbeat forecasts from Bad earnings in the second quarter and increasing geopolitical tensions.
The S&P 500 dropped sharply as noted last week and continues to trend bearish.
Bullish Scenario:
For a shift to a bullish trend, the price needs to stabilize above 5320, potentially reaching 5372 and 5409.
Bearish Scenario:
If trading continues below 5281, the price is expected to drop to 5168 and 5026.
Key Levels:
- Pivot Line: 5226
- Resistance Levels: 5259, 5320, 5372
- Support Levels: 5192, 5168, 5121
**Today's Expected Trading Range:**
The price is anticipated to fluctuate between the resistance of 5281 and the support of 5121.
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Bathed in a Sea of Red: Market Turbulence Ahead
Asian share markets are experiencing a significant downturn, with investors rapidly exiting riskier positions. The sell-off is widespread, impacting popular trades such as yen carry trades and cryptocurrencies. This sudden rush to liquidate positions has led to increased volatility and reduced market liquidity.
Investors are reportedly closing profitable positions to cover losses in other areas, contributing to the market instability. This dynamic might explain why gold prices have struggled to maintain upward momentum, despite its traditional role as a safe haven during times of market stress.
PREVIOUS IDEA:
Indicessignals
bearish drop?The US Dollar Index (DXY) has reacted off the pivot which acts as a pullback support and could drop to the 1st support identified as a pullback support.
Pivot: 103.21
1st Support: 102.55
1st Resistance: 103.69
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.
Potential bullish rise?Dow Jones (US30) is reacting off the pivot which has been identified as pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 39,444.43
1st Support: 38,973.24
1st Resistance: 40,213.21
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.
Bearish reversal of 61.8% Fibonacci resistance?S&P500 (US500) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support which is a pullback support.
Pivot: 5,505.37
1st Support: 5,410.33
1st Resistance: 5,576.08
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&P500 - The beginning of the bear market?SP:SPX potentially created a top and is starting to head lower for the next months.
We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is starting to shift bearish on the smaller timeframes and just rallied +50% without any noticeable correction. In a couple of months, we will trade at lower levels!
Levels to watch: $5.500, $4.500
Keep your long term vision,
Philip - BasicTrading
Could price bounce from here?DAX40 (DE40) is falling towards the pivot and could bounce from this level to the 1st resistance.
Pivot: 18,408.84
1st Support: 18,298.43
1st Resistance: 18,664.16
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.
US100 - reached at support? holding or not??#US100 - market streight drop after breakout in yesterday and now market just near his supporting area around 19780.
keep close that supporting guys because its final supporting area for US100 and if market clear that supporting area then a new era can start below that.
keep close and dont be lazy here,
good luck
trade wisely
S&P 500: Approaching All-Time High or Facing Reversal?S&P 500 Analysis: All-Time High or Reversal?
The S&P 500 is exhibiting strong bullish momentum at the start of the second quarter earnings season. This bullish sentiment is expected to drive a general upward trend with potential rotations.
Bullish Scenario:
To sustain the bullish momentum, the price needs to stabilize above the pivot line at 5620, potentially reaching 5672 and 5688.
Bearish Scenario:
Conversely, if the price drops and stabilizes below 5620, it would indicate a bearish trend, potentially leading to declines towards 5585 and 5550.
Key Levels:
- Pivot Line: 5640
- Resistance Levels: 5670, 5688, 5715
- Support Levels: 5620, 5585, 5550
Today's Expected Trading Range:
Today's trading range is anticipated to be between the resistance at 5688 and the support at 5550.
previous idea:
Potential bullish rise?Dow Jones (US30) has just bounces off the pivot which has been identified as an overlap support and could rise to the 1st resistance.
Pivot: 39,006.6
1st Support: 38,641.5
1st Resistance: 39,556.5
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.
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.
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.
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.
Nasdaq - We still have to be careful!TVC:NDQ is still retesting resistance after we just saw an expected rally of +75%.
More than a decade ago, the Nasdaq entered one of the most profitable and easy to trade patterns: a rising channel formation. In the beginning of 2023 the Nasdaq once again retested the lower support trendline in confluence with a retest of horizontal support and continued its bullrun from there. But currently resistance is ahead so we have to be quite careful and properly monitor price action on the smaller timeframes.
Levels to watch: $19.000, $16.000
Keep your long term vision,
Philip - BasicTrading
S&P500 - Where will we go next?Hello Traders and Investors, today I will take a look at the S&P500 .
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Explanation of my video analysis:
Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is neither retesting support nor resistance and the path of least resistance is simply higher.
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Keep your long term vision,
Philip (BasicTrading)
US30 POSSIBLE LONG TRADE Just something to think about and consider. Even though reaching back to the 3500 seems like a farfetched idea, technical analysis is suggesting otherwise. I can already see market structure shifts on the 1hr TF (CHoCH)... Waiting to see how far to the upwards market can move.
Bullish bounce off 61.8% Fibonacci support?DJ30 is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 38,445.31
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 38,074.34
Why we like it:
There is a pullback support level which aligns with the 161.8% Fibonacci extension.
Take profit: 39,079.12
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.
STOXX50 / EURO STOXX50 Bullish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist Bullish side of EURO STOXX50 based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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AUS200 Buy Side Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of AUS200 cash index Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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US2000 / RUSSELL 2000 Bullish Robber plan to make moneyMy Dear Robbers / Traders,
This is our master plan to Heist Bullish side of US2000 Market based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned two targets in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Nasdaq - Shifting back bearish?Hello Traders and Investors, today I will take a look at the Nasdaq.
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Explanation of my video analysis:
For over a decade the Nasdaq has been trading in a pretty obvious rising channel formation. We saw the last retest of support in 2022 which was followed by an enormous +70% rally towards the upside. Considering that the Nasdaq is now retesting the upper resistance, there is a quite high chance that we will see at least a short term correction lower before the Nasdaq will follow its overall uptrend.
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Keep your long term vision,
Philip (BasicTrading)
Potential bullish bounceGER40 is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement. A bounce from this level could lead the price to fall to our take profit.
Entry: 17913.28
Why we like it:
There is an overlap support which aligns with the 50% Fibonacci retracement
Stop loss: 17612.74
Why we like it:
There is a pullback support level
Take profit: 18286.35
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.
Nasdaq - Correction already over?Hello Traders and Investors, today I will take a look at the Nasdaq.
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Explanation of my video analysis:
For more than 10 years the Nasdaq has been trading in a pretty obvious and also profitable rising channel formation. We saw the last retest of support back in 2023 which was followed by a significant rally of +70% towards the upside. As we are speaking the Nasdaq is actually retesting resistance so there is a quite high chance that we will see at least a little more bearish continuation.
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Keep your long term vision,
Philip (BasicTrading)