The SPY if it can hold within this channel today and break out could target the upside of $493-$495 from now into next week leading to the FOMC.
The S&P 500 E-mini Futures appear to be double topping at around 4,835 as the end of the trading week approaches, this could result in an end of week selloff that continues into next week. The range in which it could sell off to on an intraweek basis is pretty wide. I would generally target the 800 EMA at around $4,678
We have a potential right shoulder forming here at the HOP level of a small Bearish Deep Gartley with impending PPO confirmation. If it plays out, I think it could go back below 26k.
The DXY has given us PPO Confirmation after an assumed Type 2 return and now I will be looking for the DXY to start performing very bullishly throughout the week perhaps atleast up to around $105-$110 for now.
USDJPY bull has now exhausted and its time to start building a stronger support with the retracement of US Dollar expected this week
We have a nice intra-week setup on the USDJPY here that could lead to a continuation of the downward trend in the form of a Bearish Shooting Star with Bearish Divergence at the PCZ of a Bearish Shark on the Hourly Timeframe
expect ranging behavior between H3 and L3 perhaps even more than once. expect continuation up or down past H4 or L4. weekly camarilla pivots
weekly camarilla pivots. in short term a short on H3 or a long on L3 looks appealing
using weekly camarilla pivot points weekly levels. trades on the chart
Breakout of H4 or L4 can lead to higher or lower pricee like the H5/6 or L5/6. I consider anything between H3 and L3 ranging price action. It is showing a small show of strength in a somewhat oversold enviornment. It still needs to prove itself to either direction first. analysis done with weekly camarilla pivot points, linear regression channels
likely correction from H3 to L3. following that L4 and H4 this week holds the doors for a breakout or breakdown of newly established range
some potential trade setups and levels to watch for BTC. daily and weekly camarilla pivot points. We can look for temporary resistance around H3 levels and support around L3 levels. the narrow levels are intraday levels and the labled ones weekly are intraweek. possible to sell on resistance levels and buy on support. violating H4 and L4 levels usually begets...
Possible long setup with tight stop around 20.1 or wider stop around weekly L4. potential range bounce up to H3 breaking H4 or L4 can lead to their respective levels of 5 and 6. if taking such breakout trades... place stop on breakout sides level 3 after it is broken.
likely comes up for a test of H3. and if it breaks H4 we can see about more. invalidated with a strong break below L4. target would then be L5.
While we are obviously bullish. I predict we will have a short term pullback to possibly the weekly pivot or L3 region. this trade is valid only under 50k and within the week. levels on this chart are camarilla weekly and daily levels
using weekly camarilla pivots. the following setups could be valid. Long on L3 bounce/level. stoploss L4. Target H3 or higher. this is ranging trade Short on H3 rejection. stoploss H4. Targe L3 or lower. this is ranging trade. strong volume break or 12hour / daily close above H4. stoploss H3. Target H5 strong volume break or 12hour / daily close below L4....
entry on weekly L3. stoploss weekly L4. Minimal target weekly H4. these are camarilla pivots. High risk but decent place for risk management.
If the daily closes under the L4 I would look to see L5 and/or L6 fufilled by weeks end. Otherwise ranging behavior. wait for confirmation. It is currently in bounce region analysis done on camarilla weekly pivot points