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This Indicie Just Keeps Dropping 🔻🔻🔻US30 is showing no signs of the bulls at the moment. It's making a series of lower lows and lowers highs. How can you get involved? In the rules of trading you should not sell low, but high. So, you need to await for a pullback. If price can retrace and show evidence it can stay below the 4 hour lower high, this can be a really good sell for you to take. Should you take this trade? Only enter this trade if your analysis aligns. Any trade taken is at your own risk and based on your personal strategy and directional bias. Have any questions? Comment below.
OANDA:US30USDShort
by ShaquanLopez
4
SHORT POSITIONThe S&P 500 continued its spring off recent lows, but found a bit of resistance around the January 10 low. What I will be watching for in the week ahead is if that recent high can maintain or at least maintain on a closing basis. A close above 4595 could open up more room for further gains, but those gains will still be viewed through a skeptical lens as the broader technical picture has weakened quite a bit. In the week ahead we may not see the market have a meltdown, but rather bobble around as the market makes sense of the recent volatility. In due time, though, risk looks high that we will see the market roll over in a meaningful manner that takes out the January low at 4222 by a wide margin. A head-and-shoulders top, with the left shoulder in September and head in January, could develop if we see recent highs hold or thereabout, creating the right shoulder. It will take a sizable drop below the Jan low will need before triggering the pattern, but it is certainly a possibility . The right shoulder needs a little more time to mature for the sake of creating better symmetry on the pattern, hence the thinking that we may not be ready yet to roll over. Overall, though, the general trading bias on this end leans neutral to bearish.
OANDA:SPX500USDShort
by AFFINITY_MARKETS
3
NASDAQ RALLY CONTINUESTechnical indicators suggest that the bullish rally of NASDAQ continues. The price is a clear uptrend, it is above both 9 day and 20 day moving average, and 9 day is above 20 day. Upper and Lower Bands of Bollinger bands are expanding, which suggests increasing volatility. The price tried 3 times to brake the resistance at $13 870 dollars with no success, if the rally continues, it will probably attack the previous high $15 380, and if this attack is successful the price will try to reach it's biggest high from past two weeks: $15 977 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
ULong
by legacyFXofficial
US30 Trend Analysis The US30 has entered a bull trend with higher highs and a consolidation within the 36000-36400 range. It seems to be holding the 36000 level and bounced to consolidate around that range when it dipped below to the 35800 area briefly. The VXD (DOW Volatility) has been following a strong downtrend with gaps to the downside following the end of market hours. It has been validating the middle standard dev line line of 2 in terms of a level of resistance. On the 1hr chart, this shorter-term bull trend can be seen. It is likely that a pullback to the thin trend line or even the bottom line could take place, but a quick bounce would be likely, as the US indices and economic news have been bullish over the past week. With PPI on Thursday, and sales reports on Friday, we can hope that holiday sales will make for positive reports (especially with the NAS100 at strong demand levels). Positive reports could be a catalyst for a retracement to highs prior the dip, which could be around the 36500 range, or even a break above 37000 to kick off all-time highs for the month of January. The price recently retraced to begin a slide to the lower trend line but was bought up before it could do so. By not making a double bottom or even touching the pullback support line, a sign of an upward push and momentum are seen, which is also shown in the SOEN MI cross and in the RSI uptrend (4hr). The strong bullish candles (4hr) over the past week as the NASDAQ begins to bounce signal a healthy economy. As economic reports play a large factor, COVID plays a larger one. Considering the news of new cases and regulation, we could see another wave which could be catalyst for a pullback. This does not seem as probable as price dropped earlier today/yesterday and selling momentum was quickly squashed as price bounced and began consolidating around the 36200-36300 level. If sellers today tried to create a bearish move, the buyers today had more steam by creating this consolidation. Sellers would need to make a move by the end of the week to push the price down. If we see some upward after-hours movement, it is likely gearing up to try and test the 36500 level, which is probable to happen before a retest of 36000. While momentum shifts to the upside today, it is important to note that this push could easily be short lived with negative news. If price begins to slide here, bulls need to be ready for a break in the shorter uptrend. A break in the short trend could indicate a retest of the long trend, and a break in the long trend can indicate a US30 selloff all the way to the demand zone around 35000. *Not financial advice. Do not make trades as you will lose money. Leveraged products carry higher risk.
ULong
by soenfinance