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Negative Surprise in US Inflation data killed the Bull rallyGlobal sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances. It will be interesting to see where Nifty finds support and from where it turns around.
NSE:NIFTY
by Happy_Candles_Investment
Supports and Resistances for Nifty.Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are: Resistances: 17992, 18117, 18371 and finally 18604. Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113. Final Supports for the current rally: 16842 and 16666.
NSE:NIFTY
by Happy_Candles_Investment
Nifty at critical Technical Juncture - Make or Break Monday.Nifty is just below Fibonacci resistance of 16807. Today's high of 16752 to 16807 will be a very difficult zone to cross unless there is gap up opening or strong momentum that takes the NIFTY through the resistance zone. Closing above 16807 will take Nifty to the next FIB level of 17215. In the medium term if the momentum continues and Nifty is able to cross 17215 big momentum breaker can be the zone between 17662 to 17813. If Nifty fails to clear the technical resistance zone of 16752 to 16807 the supports on the lower side will be at 16609, 16523, 16481 and finally 16409. Below 16409 Nifty can go to 16199 and 15929 levels.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Outlook for week starting 18th-22nd July 2022 - POSITIVE.NIFTY gave a strong closing on Friday as it ended above a long term support of 15917 and 16030. Yet the Important hurdle of 50 days EMA is still ahead of it which is at 16132. Crossing and closing above 16132 will be important for Nifty to go towards 16277. above 16277 levels Nifty in a short to medium term can go towards 16525 which is it’s 200 days EMA and a strong resistance. Bulls will be in command only above this level. On the lower side again 16030 and 15917 will be the support zones. Below 15917 Nifty can go towards 15738 zone, however during the next week if Nifty closes above key level of 16132, chances for positivity will be more.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty outlook for the reminder of the week ending 12th July 202250 days EMA at 16154 is an important support for Nifty above which it has to stay in order to gain further grounds and try once again to move above important 200 days EMA 16546 resistance. However, before Nifty tries to cross 200 days EMA it has to cross very strong resistances at 16271 and 16327. If Nifty is able to cross these three hurdles it can go to the levels of 16796 which will be major resistance. If Nifty is not able to sustain above 50 days EMA 16154 the next supports will be at 16118 and 16051. Below 16051 Nifty will be very week and can fall to 15900 or even 15500 levels. This week holding 16154 will be key to progress.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Outlook for the remainder of the week 5th to 8th July 2022Market is trying to affirm the positivity for the time being and trying to make positive moves but facing resistance in the range of 15800 to 15950 range. It is once again making an attempt to bring about positivity but it can last only if the critical resistances around the specified range is crossed. Otherwise once again it will go downwards searching for supports. Supports for Nifty remain at: 15776, 15671 and 15506. Below 15506 the Nifty can fall to the levels of 15342 or even 15183 levels. Resistances on the upper side remain at: 15865, 15923, 16023. Crossing and holding above 16023 the Nifty can jump to 16174 or 16200+ levels.
NSE:NIFTY
by Happy_Candles_Investment
Market Outlook 23rd to 27th May 2022Rollercoaster ride of Global Stock market will continue till we have some stability on the front of inflation, war and stability in crude oil prices. It is a kind of churning which will see some new heroes emerge, some solid performers consolidate and some underperformers with weak fundamentals bite the dust. The advice will be to stick to fundamentally strong stocks add the stocks that are bouncing from support levels with a long term vision. The Support Zones: 16183, 16129, 16000, 15886 and finally 15739. Below 15739 in unlikely but possible scenario there can be sharp correction towards 15500, 15000 and 14800. The Resistance Zones: 16400, 16492, 16605 and 16765 will be a major resistance. Above 16765 in very unlikely circumstance we can see the rally consolidate towards 16900 and 17300 levels.
NSE:NIFTY
by Happy_Candles_Investment
Nasdaq100 what now episode 15"This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one—my best bet is downwards. honestly, the weekly looks more confused as ever. There’s a possibility that we might get a higher-low but until that’s established, I’ll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to see rejections on the daily to give me a signal as to what these bears are really doing. Then for the time-frame task, The weekly and daily: directions, The hour 4: rejections, the 15 minutes: entries. Then I wait for them confirmations and execute! Hope that goes well? ".. My Trading plan for last week. Did that go well? Yes sir! Listen—I feel like all my year and the half of trading Nasdaq100 “professionally” last week has been my best so far. There’s one thing I realized though, That is: Follow your plan. Look, you got a plan? follow that guy. Don’t change nun ‘in.. Just—follow! I noticed how much that sky-rocketed my performance. Honestly, Nasdaq100 this week, we might all just be going for a funeral. “Why?” You’re probably wondering, Well, did you see how it ended. The lady dropped like 3% from last week. Close to 2,ooo points or more. The Nasdaq100 is currently at 13319 (as I write this) and I don’t even think we’re done. You know that Inverse head and shoulder that showed up? Destroyed! The weekly time-frame presently is currently looking to get past the previous Lower-low at (13319) The next level—13,000 isn’t far-fetched. The daily 0% fib level at 13079: isn’t as well. The bears are really wilding. The CBOE NASDAQ100 VOLATILITY INDEX is real bullish now! Dude is almost at 37 points. Imagine going to 40, where do you think the Nasdaq will be? Look at this picture, tell me what you see: for me, A broken possible bullish structure. A double top with new lower-highs and a possible continuation to create a new lower-low. Screaming “BEARS”!!!.. Monday was all chill, I mean there wasn’t any news. Funny how we got a pin-bar on Monday on the daily time-frame. The bulls came in for a bit. No news release; No crazy movement. However, this all went left on Tuesday, April 19th, 2022. By 13:30, we got the Building Permits which turned out positive with a 1.873M reading. That brought the bulls in. We all thought: “Finally the bulls are back”. Uh! too soon. Wednesday, 20th April, 2022 appeared mixed after a negative Existing home sales with a 5.77M reading and a positive Crude oil inventories by 15:30 with a -8.02M reading. The daily left a rejection candle after that. Coincidence—Uh! maybe not. Furthermore the dreadful Thursday. I called it that because you seriously need to see it’s reaction. The bullish tables flipped. Them legs got broken, shattered into a million pieces. Even started getting termite holes and stuff. The bears came in growling after the negative Initial Jobless claims with a 184K reading by 13:30 as if that wasn’t enough, the Philadelphia Fed Manufacturing Index also turned out negative with a 17.6 reading. Less than 3-hours after came the Fed news. Twice! Look the market bled. Never seen in years. The Nasdaq100 screamed but I don’t even think any-one cared to listen. Shii! we all were trying to make some buck. On Friday, That was just a continuation. The bears continued and now looking to create another lower-low. What’s my plan? Same old. Weekly and Daily: Directions. I mean since we’re really bearish now, I might as well keeping looking for sells. As long as, we don’t pass the previous Lower-high at: 13700 (4-hour lower-high) I’m selling. So, I’ll be looking for new highs on the 4-hour. Then, I’ll be going to the 15 to look for entries. Let’s see how that goes. Don’t miss my streams though! Nasdaq100 High Impact News For 25th-29th Of April, 2022 You’re probably wondering, “what should we expect?” Don’t worry—I’ll tell you. This week, as usual, The Monday is free from demons. Tuesday however, This is where all the madness starts. The 26th April, 2022 by 13:30, We’ve got the Core Durable Goods Order. This measure the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. A higher reading indicates increased manufacturing which is bullish for the USD. Also same day; different time. By 15:00, we’ve got the New Home Sales. This measure the annualized number of new single family homes that were sold during the previous month. P.S: This particular repot tend to have more impact when it’s released ahead of existing home sales because the reports are tightly co-related. However, a higher reading is bullish for the USD. Same time, doesn’t end. Y’all be mindful of Tuesday then. We’ve got the CB Consumer’s Confidence. It measures the level of consumer’s confidence in economic activity. A higher reading=Higher consumer’s optimism which is also bullish for the USD. Wednesday April 27th, 2022. By 15:00, The Pending Home Sales. It measure the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new constructions. A higher than expected is bullish for the USD. Same day; different time. By 15:30, Crude Oil Inventories.😒(again?) Anyway this guy, we all know what he does. A higher reading is weak for the USD. Therefore, bearish. The level of inventories influences the price of petroleum products, which can have an impact on inflation. Finally, Dreadful Thursday. The 28th of April, 2022 by 13:30, we’ve got Initial Jobless Claims 🤦‍♀️(Y’all already know, I’ll just repeat) This measure the number of individuals who filed for unemployment insurance for the first time during the past-week. A higher reading than expected is bearish for the USD. Same time, The GDP—The gross domestic product, measure the annualized change on inflation-adjusted value of all goods and services produced by the economy. Listen, it is—this is the primary indicator of the economy’ health. If the actual is greater than the forecast, it will be Bullish for the USD. Be sure to read all, stay safe, and make that buck.
OANDA:NAS100USD
by lazyluchi
9
Market Outlook for 7th March to 11th March.Geo-Political events which are effecting the sentiment of the market and we are selling relentless selling in the index specially by the FIIs, who have increased the pace of selling. On Friday alone FII sold close to USD 1b in our market which is quiet a substantial number. DII is however buying every dip and for the reason Market is still above 16K levels. Further support on the down side is near Friday’s low of 16133, 15910 and 15527. In very less likely circumstances things in conflict between two nations turns ugly and more countries get involved Nifty Index can go further down to 15045 which is the final support zone. On the upper side in case of good news from the market from multiple fronts, the resistances will be near 16454, 16712, 16837, 17027 and finally 17233. Keep an eye on election results in few important states. The result has potential to give much required booster dose to the market.
NSE:NIFTY
by Happy_Candles_Investment
Where is Crypto Going❓ Let's Take a Look👀After a weekend typified by extreme amounts of FUD, looks like the lights have started to shine through the clouds and have illuminated that crypto does indeed still exist. But for how long? Are we going back to 10k? Will everyone lose their life savings - AGAIN. Let's look. But first, let's discuss the whole dump thing to get some context. It seems at this point it was at least somewhat a market manipulation event, with a lot of the initial cascade of BTC sold all at once to start it being collected over the weeks prior in small amounts. Would not surprise me if this was meant to coincide with the china ban (yeah again, and it still works! crazy!) in order to really get the gears going. Anyway a bunch of retailers panicked, not helped by the lot of folks online shouting it's the start of the bear season we're all gonna be poor from every mountain top. Honestly - if you were one of these people going around to your chat rooms spreading FUD you have nobody to blame for the market crash but yourself as you were a part of the problem. Now, surprise, everyone is pro crypto and FOMO'ing back into the market. Really can't make this shit up. Enough about this madness let's look at some weekly candles to ease our mind. BITCOIN BTC is holding on to a fairly firm EMA 50 weekly support, but of course we want to be above our 21 so if we can't rectify that situation ASAP we're looking at a short term bull trap or accumulation for quite a bit. I believe my earlier prediction on this ultimately being quite bullish for alts still stands despite the retrace being sharper than expected - still within the boundaries. find that below: RSI is in a great place for more growth, though TD9 is showing we could see more consolidation at this level or downside before the big reversal. BITCOIN DOMINANCE I use this chart as my road map for bullruns, as it works really really well. I suspect we're not done the bullrun as BTC.D still has a lot of cycle left to complete it seems. We saw a Dead Cat Bounce I suspect back up to the channel we previously broke down out of, retracements are expected ultimately and the stopping point is crucial - here we can see that the retracement stopped right where we should see it stop for continued movement down. Remember, BTC.D dropping gives us alt season, we want this bastard to drop. I suspect the floor around the 30-40% range, which gives us a good amount of market cap still to flood into the alts especially if money comes back into the market en masse. When this completes it's movement downward I suspect we will be done with the bullrun for real. TOTAL MARKET CAPITALIZATION We stopped in our liquidity area from January, which is quite interesting from a technical perspective. Retracements are expected to stop in the liquidity area if you're expecting it to continue the movement afterwards, it seems that because the climb was so big, the retracement was likewise quite dramatic, but given the current stopping level I believe there's a good chance of continued a big bounce up from here. TOTAL 2 - MARKET CAP EXCL. BTC (ALT CAP) This is where things get interesting to me. While the market capitalization itself retrace to january levels, we see clearly by this and BTC.D that the alts has the same general movement of retracement, but to a much higher level than we saw in January. This further adds to my speculation that the bull run is not over, especially for the alt coins. OVERALL THOUGHTS If you bought this dip I think you're probably going to make a killing, at least in the short to mid term. If stock to flow is to be believe we could see BTC hit 100k or 200k+ if you're using STFX. After this point we could see up to an 80% retracement in the overall market, bringing us back down to the 20k level for a brief spell before normalizing. The takeaway if we have more money to make here before we have to really worry, and those who hodl'd through the blood and bought the dip should see their testicular fortitude payoff soon. That said, make sure we're taking profit on this wave - Once we're done this leg it could be a while before we get another chance, though this leg could conceivably last in to early next year.
CRYPTOCAP:TOTAL2
by cryptosince1963
4
Possible pattern in the overall marketThis is purely hypothetical. It appears a pattern has formed in terms of periods of heavy growth and periods of stalling growth. I was able to chart all 3 majors indices in aggregate thanks to @boji1 's post: What do you all think? Do you think the market will be choppy all year or do you think this apparent pattern will continue and we have another leg higher? Based on the last two cycles, the average return was 11.9% from the start of the growth period to the next rest period. Could see a 12% bounce back in the next 2 months.
TVC:SPX
by EBITDAtiger
7
Bitcoin (BTC) analysis 09 SeptemberBitcoin is on its way up since it last touched $9,400 on August 30. The critical level at $10,000 was broken thanks to the huge green candle formed on Monday, September 2. The coin continued its good performance on September 3 when it peaked around the important mid-$10k zone. Eventually, buyers went out of steam and started loosing their ground, even though the BTC/USD pair peaked at $10,950 on September 6. I expect another visit to the $10,000 level and most probably $9,700. Depending on the overall crypto market condition in the coming days, we might see another attempt towards $10,400 and $11,000. Pessimistic scenario: $10k is too weak to hold and we see a leg down to $9,100
BITSTAMP:BTCUSDLong
by FutureBlockchain