UNH at an inflection point. UNH is hitting critical support. If it closes below support a topping formation will be on watch. This stock is heavily weighted in the XLV.
Market
DXY - Weakening dollar could signal further bullish momentum as The recent Fed interest rate decision has sent the markets into a bullish frenzy. The Federal Reserve raised interest rates by 25 basis points to 4.75%, but despite this hike, Fed Chair Jerome Powell was overall optimistic about the state of the economy. This positive outlook has lifted investor confidence and sent the markets higher.
However, the DXY (U.S. Dollar Index) is at a critical point, hovering at the 100WMA (100-week moving average) and on the verge of deciding its direction. At the moment, the DXY is showing signs of weakness, and if it drops to the next support level of 98, it could lead to a significant drop in the value of the dollar. This could have a bullish effect on all markets, including stocks and crypto.
In addition to the DXY's current state, other indicators are also pointing towards bearish conditions for the dollar. The monthly MACD (moving average convergence divergence) has recently crossed below the zero line and is now showing a red histogram, a bearish signal. The stochastic indicators, which measure overbought and oversold conditions, are also bearish and have plenty of room to fall before becoming oversold on the monthly chart.
All of these factors combined paint a bullish picture for the markets, as long as the DXY continues to weaken and drops to its next support level at 98. Investors should keep an eye on the DXY and other indicators as they may provide valuable insights into market movements in the coming weeks and months
Overlays on various crypto BTC ETH HEX SOLJust for fun still tracking these from a year ago... I don't expect the patterns to hold unless the bottom is in. Still tbd on that. Lots of macro headwinds next 2-3 years.
AUDUSD shorting idea - price action.My proposal for AUDUSD is that there is a possibility of the price temporarily climbing above the resistance, then dropping if the resistance is strong. Ideally, the price should be sold after the USD session starts, but it may be sold beforehand as well.
TSLA BULLISH PIERCING CANDLESTICK With the recent release of teslas quarterly reports that we’re better than expected we saw a push to test 180.00 with a slight pullback, depending on feds decision we can see push higher to 300.00. With more manufacturing and infrastructure updates in the upcoming months if positive these could help push price back to retest precious highs.
SOLUSDT Bullish uptrend| Local PA Range| Daily S/R| .618 Evening Traders,
Today’s analysis – SOLUSDT- trading in a defined range where an up-thrust into resistance is probable,
Points to consider,
- Price action impulsive
- Daily S/R Support
- .618 Fibonacci Support
- MS Higher Low
SOLUSDT’s immediate price action is impulsive, it is potentially establishing a higher low that is in confluence with the .618 Fibonacci, Daily S/R and the VAL, allowing for a bullish bias.
The immediate market structure remains bullish, thus, there is a higher probability of price action testing resistance again.
Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Market Update - How Traders May Play the Feds Rate Hike?Traders,
The market expects 25 basis points tomorrow. What they are unsure of is how it will look in March. While the fed may indicate yet another rate hike in March, the dollar, vix, and treasuries are telling us else wise. Let's take a spin through our lead indicators today as well as Bitcoin.
Stew
Bitcoin in ~decade long Wyckoff re-accumulation?This is interesting - if bitcoin is really to survive the coming global depression (very likely probability per Ray Dalio and Bridgewater's amazing research and free published works), then we can also safely assume there is a likely chance bitcoin enters a period of re-accumulation in Wyckoff terms while global equities markets lose a decade to consolidation and crashes and bear market rallies as the big debt cycle deleverages this decade. This is a primary scenario I see playing out. Now if governments start crazy stimulus programs like we saw under covid, and print say $6 trillion here and there... all bets off and the low floor level will rise commensurately as the money will be devalued in the currency you chart bitcoin in. So e.g. from Covid, we can safely assume the "floor" price of bitcoin rose about 40% nearly overnight as the US dollar was devalued 40%.
Idea to go long on USDCHF.My USDCHF idea: Price broke triangle pattern, signaling bullish momentum. Best bet is up until hitting resistance. Keep at it for success.
BANK NIFTY ANALYSIS - 31/01/2023Buy Above - 40440
SL - 40380
Targets - 40520,40600,40720,40860,40940
Sell Below - 40240
SL - 40320
Targets - 40180,40100,40020,39860,39720,39600
Trade Safe & HAPPY TRADING GUYS
XAU/USD Outlook : Potential Targets and Trading OpportunitiesJoin us as we take a closer look at the XAU/USD market and identify key levels of support and resistance . Based on our analysis, we'll provide you with potential targets and highlight the best trading opportunities for the coming week. Whether you're a seasoned trader or just starting out, this video will give you a comprehensive overview of the XAU/USD market and help you make informed decisions. Don't miss this opportunity to stay ahead of the game and maximize your profits in XAU/USD trading!
Debt Ceiling and Its Effect on the Market and Bitcoin.The debt ceiling is a legal limit set by the U.S. government on the total amount of national debt that can be outstanding at any given time. When the government reaches this limit, it must either raise the debt ceiling or default on its debt. The debt ceiling is often a contentious issue, with some arguing that it should be raised to allow the government to borrow more money, while others argue that it should be lowered to reduce government spending.
The effect of the debt ceiling on the market and the economy can be complex and multifaceted. If the debt ceiling is not raised and the government defaults on its debt, it could lead to a loss of confidence in the U.S. economy and financial markets, which could lead to a decline in stock prices and an increase in interest rates. If the debt ceiling is raised, it may signal that the government is willing to continue borrowing and spending, which could boost economic growth and support stock prices.
As for Bitcoin, it is decentralized digital currency, and it's not directly linked to the debt ceiling or the performance of the stock market. However, the sentiment of the market and the economy has an impact on Bitcoin and other cryptocurrencies. During times of uncertainty, investors may see Bitcoin as a hedge against inflation and market volatility, which could boost its price. On the other hand, a stable and growing economy may reduce the appeal of Bitcoin as a safe haven asset, which could result in a decline in its price.
The debt ceiling and Bitcoin have had different effects on the economy. The debt ceiling has been used to control the amount of money the government can borrow and has been raised multiple times over the years. Bitcoin, on the other hand, has been a volatile asset, with its price fluctuating drastically over the years. While the debt ceiling has been used to manage government debt, Bitcoin has been used as a speculative asset, with investors and traders using it to make profits.
Finally!
Historically, it has shown good benefits over the years when the debt ceiling is reached; however, the effect of that is just temporary before something finally crashes, as the charts show. On the other hand, Bitcoin has been a roller coaster ride, with its price rising and falling drastically over the years. While the debt ceiling has been used to control government debt, Bitcoin has been used as an investment asset, with investors and traders speculating on its future price movements.
Stock Market Looks Long To MeI just don't see what the bears are looking at. The market looks higher to me. All will be predicated by what Powell says in the upcoming FOMC interest rate determination.
NVDA looking super bullish! NVDA just broke the head and shoulder pattern which indicate to super bullish pattern! Follow me for more! #NVDA #NDAQ #BTC
IN A RANGE!Wait for price to break the areas on the analysis before going LONG or SHORT...
GREAT SWING TRADE SET UP!!
Thank you!
God bless !!
A bottom was hit.Hello everyone,
As you may know, the NASDAQ has been hit hard for the past year due to interest rate hikes, supply chain disruptions and constant pressures from the FED to crush demand.
Despite these challenges, I believe that the NASDAQ has reached a temporary bottom. This is not to say that this is the true bottom of the crash, but the NASDAQ has broken through the resistance of a parallel channel, which is a positive sign.
It is important to note that this is only my opinion and should not be considered as financial advice. However, I do believe that this is a good time for me to invest in companies with strong balance sheets and prepare for the long-term. These companies will be able to weather any further downturns and be in a strong position to take advantage of the market recovery when it comes.
It is also worth noting that the stock market looks forward 6 to 9 months into the future. Most economic outlooks for the end of 2023 indicate a recovery in the stock market. This means that even though the current situation may be difficult, there is light at the end of the tunnel. Also, if we take a look at the market cycles, we might as well be in the Disbelief rally as everybody expects the pain to continue. This leads me to believe that the fear of a recession is already priced in as well as the fact that the FED will soon be forced to U-turn.
What will break my thesis would be if the NASDAQ breaks again trough the channel, where I would expect another 20% down from the current lows. Still, timing the market is extremely hard, so if a long-term horizon is being taken, the prices of my favourite companies are extremely attractive.
In conclusion, I believe that the NASDAQ has hit a temporary bottom after a bear market, interest rate hikes, and supply chain disruptions. While this may not be the true bottom of the crash, it is a positive sign and a good opportunity for long-term investment.
USDTDOMINANCE NEXT MOVEHere we can see that "USDTDOM" has a trendline resistance at in 1 hour time frame so you can see that if the price breaks the trendline then all alts including btc will fall and if the price takes rejection here we can see a good upward movement in BTC and all other ALTs.
BABA Breaking out!! Wait for pullback !BABA has broken out and currently retesting the RESISTANCE ZONE @ 120 - 140
We can expect at least a slight pullback from here as Price action has been overly bullish the past few days + MACD is in severely overbought condition
We are expecting a soon to be GOLDEN CROSS with 50 MA crossing 200 MA
We also see a massive spike in the ADX implying a very strong ongoing trend for the BULLS
Those who do not have positions yet can look to ENTER/LONG along the:
100 - 110 USD zone
Personally I will not set stop losses here as Im expecting to hold BABA for long
Fundamentally, China domestic demand is growing massively with a massive middle class. BABA also has a huge economic moat along with Jack Ma relinquishing his position on the board and staying low, BABA's days of billion dollar fines might be over.
Potential Weekly Uptrend!weekly shows Potential pops are Decent here lets see what NASDAQ:FAZE SDAQ:FAZE"]NASDAQ:FAZE
ARE YOU BULLISH????Hello!
Bullshort is here!
An interesting spectacle amid news. But as I said the Fed rate will only start to show itself closer to March. In the meantime, you can arrange a false breakdown of the downward channel. From a chart perspective, the price should bounce off 4077 and return below the trend line.
The government is about to remove the restrictions on public debt which is fascinating.
Market Breadth 2023-01-24The main focus is on setups and scan outcome, that will provide viable opportunities.
Market Structure : Duration bearish market (stocks move in tandem, occasional oversold rallies)
Primary Indicator : Green (bullish continuation and bearish reversals are favorable)
Secondary Indicator : Breadth thrust 12 Jan / Countermove attempt 18 Jan. Current MMFI: 71.11
MR10 : No New Focus. SPY (55 MBC) - QQQ (83 Exuberance) - IWM (56 MBC)
20 percent study : +44/-8
Conclusion : Bullish last session with some excessive momentum to the upside. At the moment minor overextension in NQ as presented from MMFI and MR10, however not in terms of extreme. Market can continue but from intuition price action seems frothy. Will be considerate at initial 30-45 minute of open and act based on provided movement, expectation of consolidation or corrective move short term.
Easy Buy on Netflix - Breakout of Ascending Channel !Netflix is currently down almost 50% from its all time high in Nov 2021.
Currently traded in an ascending channel since Oct 2022 and briefly broke out above with strong volume to close at 357.42 as of market close.
Now we look for some profit taking and pullback to retest the top of the channel
Buy zone is:
336 - 357
Take profit:
393
Now we have the 50 EMA crossing the 200 EMA, with the 100 EMA close behind. A cross of 100 EMA will signal stronger bullish momentum on Netflix stock, giving us more room for upside.
