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US small cap bounce unconvincing despite risk revival The recovery in US small caps has been unconvincing over the past fortnight, struggling for upside unlike mega-cap rivals. Russell 2000 futures have been capped below the 50-day moving average for much of this period, running into sellers constantly above this level. Wednesday’s rejection above 2132.6 warns of building reversal risk, putting a potential break of uptrend support on the cards should US slowdown fears return. If the price were to break the uptrend, traders could enter shorts with a tight stop either above the level or the 50-day moving average for protection, depending on your target. On that subject, the 200-day moving average or 1920 are levels to consider. If the price were to hold the uptrend, a close above the 50-day moving average would negate the bearish setup. MACD and RSI continue to generate bearish signals on momentum, making selling rallies the preferred strategy near-term. Good luck! DS
CME_MINI:RTY1!Short
by FOREXcom
Could EUR/GBP see .8500 and Below?! Here I have EUR/GBP on the 1Hr Chart! We can see that following the 3rd Divergent High @ .86248, price makes a steep Decline breaking the Previous Higher Low @ .85757 and creating a LOWER LOW @ .85496 turning this once Uptrend into a Downtrend! After the New Low is created, we see price makes a textbook Retracement back to the 61.8% Fibonacci Level @ .85783 which happens to test the previous Higher Low to then proceed back down to close for the week just above the New Low! I believe we could be witnessing the Confirmation of an Elliot Correction Wave coming where based on the ABC method: -Prices' LH correction marking our B Point indicates that based off our Fib Ext Tool, we could see price Decline to the Range Target of ( .8457 - .84282 ) -Price Breaking the A Point will be Confirmation of potential Selling Opportunities *.8500 will be the next area we will see Price wrestle with once it breaks the Lower Low @ .85496 Indicators: -Bearish Reading- - Price is working BELOW my DEMA - Flattening of the 200 EMA - RSI BELOW 50 after creation of LL -BBTrend printing Red Bars
Short
by Novi_Fibonacci
1
NZD/USD looking bullish before RBNZ rate decisionNZD/USD has reversed the downside break sparked by US recession fears, smashing through the downtrend it had been trading in since early June on Tuesday. With RSI and MACD providing bullish signals on momentum, risks are skewing towards further gains ahead of today’s RBNZ interest rate decision. While economists are evenly split on whether the bank will cut rates by 25 basis point, I’m with market pricing that marginally favours a reduction in the cash rate to 5.25%. If that eventuates, we could see the Kiwi pull back initially. However, it will be the rate track path from the RBNZ that will likely drive direction beyond the actual decision, providing clues as to how fast and much the RBNZ expects it will have to cut rates this cycle. Whatever that indicates, NZD/USD finds itself back at the 50-day moving average, a level it has often respected over the course of this year. That creates a great setup opportunity depending on how the Kiwi performs post RBNZ. Buy a break above the level with a stop below for protection, targeting a push towards .6150. Alternatively, if the price can’t break or hold above the 50DMA, sell below the level with a stop above for protection. .6050 would be one target with .5985 after that. Good luck! DS
by FOREXcom
$EL | Allocation | Market Exec | Technical Confluences: - Fibonacci retracement since the beginning of NYSE:EL 's history, puts the price action at the 78% retracement level - It coincides with a Demand Zone as can be seen across the price history - Stochastics are in Oversold conditions from Monthly, Weekly, Daily, H4 and even H1 - Will likely put Buy Stop levels at the Interest Zone areas to target a move to the 50% Fibo Retracement of this drastic bear move Fundamental Confluences: - Deep discount on a well-renowned brand - Earnings does not look too good at the moment but they do own some global brands names in beauty care - Growth can be weak now, but do you see people stop putting on cosmetics and ignore their appearances when they go out? If no, this share is definitely worth a try ________________________________ Putting in 2 portions of my NYSE:EL allocation now with more orders to be placed on in the future Long-Term value hold in my portfolio. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:ELLong
by weekendanalyst
$HIMS | Allocation | Market Exec |Technical Confluences: - Price action is near the 50% Fibo retracement area - Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby - Stochastics is inn Oversold conditions in the Daily & Weekly timeframes - Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51 Fundamental Confluences: - Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right - The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them - One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while ________________________________ Putting NYSE:HIMS as part of my medical/health category of my portfolio. Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone). Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:HIMSLong
by weekendanalyst
S&P 500 Attempt to Test Previous HighThe Monthly S&P is overbought and at a 9 TD Sequential Sell signal, that is why the market pulled back. The Daily after the pullback has found buyers at previous breakout resistance turned support (Change of Polarity). The Weekly has relieved the overbought condition and I believe this is the point where bulls will see if they can continue the bull market. On the Daily chart I show something like a 5-8% profit potential to the next Falling Window resistance area and high. The Daily TD Sequential has a green 2>1 allowing for a new long position. This is happening on a breakout of the Falling Window resistance. The 39 minute chart (10 Daily candles on U.S. stock market) shows a close above EMA 200 followed by the previous candle closing above the Window resistance. You can use this to open a new long position with a stop loss below the low of the window.
NASDAQ:AAPLLong
by zerocashcool
$NKE | Allocation | Market Exec & Buy Limit |Technical Confluences: - Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support) - Price action is also at a Demand Zone - Stochastics is at Oversold levels on the Weekly & Monthly TF Fundamental Confluences: - Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years - Who doesn't love Nike; aside from Adidas? ________________________________ NYSE:NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio. The Nike brand will not die off that easily. Definitely, a value buy; for me. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:NKELong
by weekendanalyst
VIX: Lower High to complete Equity CorrectionYes. Volatility spiked HUGELY! Check this out. I bet we have one more spike, but not as high, while Equities bottom, FOR NOW. Vix is interesting, because it goes crazy on the middle of the down moves in equities, but when they eventually bottom, as traders realize everything is fine, it doesn't go as high, hence my Primary ((C)) label off high. Maybe, Monday week after next, Aug 19. Meaning, "Rally Friday" might have been a great time to buy some Vixy, Uvxy, or UVIX, OR SQQQ if you can hold for 10 days...Could be double money. The signal to sell will be a spike in MACD, as shown in the picture below. Price goes not as high on MORE strength...that is hidden bearish divergence, and it should sell off quick, as soon as that oscillator surpasses its last high, assuming Vix price stays in the 35-45 region and not higher than 65. I will be targeting about 38. It could push to 40, but 35 is average in high volatility, 15 under low volatility.
CBOE:VIXLong
by CuzDelux
5
SPY - RSI Failure Swing and Gold New ATH BreakoutThis trade idea is already a missed opportunity but the analysis of what transpired may be useful for future reference. This was a -8.38% move from a close that constituted a sell signal according to RSI failure swing theory on the daily chart. The drawdown would have been .46% if a short trade was entered at the close of Wed July 17th when the signal was given. That sell level was also successfully defended 4 days later. It coincided with the 9-day SMA at that time. Also worth noting: Gold broke out to a new ATH the day prior, which in hindsight, amongst the backdrop of great, unretraced gains in gold over the past 5 months, was a bellwether for increasing risk asset fear. SPY put in a new ATH that same day, but not with the same level of conviction. It had a smaller % gain, and it wasn't a breakout but a continuation of a series of new ATH days. Main takeaway: Watch the daily RSI for failure swings in overbought territory to spot trend changes before they happen.
AMEX:SPY
by Skipper86
SMH breaks through key resistanceSMH breaks through key resistance giving a hint that downward trend could be coming to a close for the near term. RSI continues to rise during recent rally which is a bullish sign Flash crash we experienced on Fri-Mon tends to cause rallies which we have experienced thus far potential breakout we are currently seeing could just be false breakout before retreating back into downward trend. We should wait for pullback to resistance line and bounce upward to help confirm if this breakout will continue Any trades made now should be done cautiously and in small amounts, the market could go in either direction. Trades made now, should not be added onto until we have more confidence of the overall direction.
NASDAQ:SMH
by ratchet-mint
How to Read the RSI Indicator: The Market's Lie DetectorAttention TradingViewers, market gurus, and Instagram influencers, this one indicator goes hard whenever it’s onto something. Let's talk about the RSI — the Relative Strength Index . This bad boy is like the lie detector test of the market, calling out overhyped moves and under-the-radar opportunities. What’s RSI All About? The RSI is a momentum-based oscillator that captures the speed and change of price movements. It operates on a scale of 0 to 100, and if you know how to read it, it’s like having X-ray vision into the market’s moods. The best part? It’s super easy to use — slap it on any chart, any time frame and let it do its thing. The Numbers Above 70 : Overbought alert! If the RSI shows a reading above 70, the trading instrument may have been partying a little too hard. Anywhere above 70 means that it’s flashing “overbought” – like a sugar rush that’s about to crash. Traders who follow the RSI usually interpret this as a signal to sell and move out of the asset before the line reverses course and dives back under the high-water mark. Sometimes, however, the price keeps climbing well above 70. Below 30 : Now we’re in “oversold” territory – it’s like spotting a hidden gem in a bargain bin. When RSI drops below 30, the market’s saying, “This thing’s been beaten down, but maybe – just maybe – it’s time for a comeback.” Keep in mind that sometimes the dip may keep dipping. How It’s Calculated RSI is all about relative strength — it compares the magnitude of recent gains to recent losses. Picture a tug-of-war between bulls and bears. The RSI score tells you who’s winning the battle right now, but also hints at who might be running out of strength. Trading with RSI Overbought? Maybe Sell (obligatory DYOR) . When RSI hits 70 and above, you might be looking at a market running out of fuel. You may start thinking about trimming your position, or at least keep an eye out for a reversal. After all, what goes up must come down (except maybe Bitcoin BTC/USD ?) Oversold? Maybe Buy (obligatory DYOR) . If the RSI drops to 30 and below, it could be a signal to start looking for a buying opportunity. The market is going through a meltdown and sometimes that’s your cue to go bargain hunting and snap up some discounted assets. Just make sure that your stock or crypto of choice isn’t falling for a specific reason — no indicator can save you from an actual rug pull. The Sweet Spot — Divergences: Ever notice when the RSI and price action don’t agree? That’s called a divergence, and it’s like catching the market in a lie. If the price is making new highs but the RSI isn’t, or vice versa, it’s a clue that something fishy’s going on and you may want to be on the lookout for a sur- price reversal. Bonus Tip: RSI in Different Timeframes Wanna get fancy and earn some bragging rights? Use RSI across different timeframes. A stock might be oversold on the daily but overbought on the weekly. By spotting the trend across different time frames, you can pick your desired time frame to trade in and follow closely. The higher the time frame, the longer the time horizon for the move to actually pan out. So, there you have it – the RSI. It’s not a crystal ball, but it’s pretty close. Use it wisely, and you might just outsmart the market — or at least stay ahead of the next big move. Keep those charts hot, continue learning about technical analysis and go smash those trading goals of yours. 🔥
Education
by TradingView
17
GBP/USD Key Points Tuesday’s UK Construction PMI came in above expectations at 55.3, the highest reading in more than two years Time will tell whether traders are overly optimistic that the BOE will be able to cut rates relatively slower than its major rivals or whether more rate cuts still need to be discounted GBP/USD’s bias remains to the downside and traders may look to sell this rally as long as rates remain below 1.2760 and the RSI holds below the 50 level. In an eerily quiet week for UK economic data, GBP/USD has been taking its signal from developments elsewhere and general risk trends. The only notable data release this week was Tuesday’s Construction PMI, which came in above expectations at 55.3, the highest reading in more than two years. Despite the strong reading (admittedly on a second- if not third-tier economic indicator), sterling has struggled to get into gear this week. Outside of the Swiss franc, the British pound is the weakest major currency since Sunday’s open. This weakness has emerged despite the BOE being one of the least dovish major central banks looking forward. According to Bloomberg data, OIS traders are pricing in just 44bps of interest rate cuts from the Bank of England this year, or a bit below two 25bps rate cuts, compared to roughly 100bps (four 25bps rate cuts) and 68bps (almost three 25bps rate cuts) for the Fed and ECB respectively. Time will tell whether traders are overly optimistic that the BOE will be able to cut rates relatively slower than its major rivals or whether more rate cuts still need to be discounted, potentially keeping GBP/USD under pressure. British Pound Technical Analysis – GBP/USD 4-Hour Chart Turning our attention to the chart, GBP/USD remains in its 4-week bearish channel, despite the big rally during the first half of today’s US session. One tool that traders can use to help handicap when a trend may break is the RSI indicator. In this case, the 14-period RSI on GBP/USD’s 4-hour chart has been stuck in a well-defined range between 30-50 since shortly after the bearish channel formed, signaling consistent, but not excessive, bearish momentum. Accordingly, bulls may want to watch to see if the RSI can break above the 50 level to either foreshadow or confirm a breakout in the exchange rate itself. For now though, the bias remains to the downside and traders may look to sell this rally as long as rates remain below 1.2760 and the RSI holds below the 50 level. -- Written by Matt Weller
Short
by WHSelfInvest
Long Term Silver Stacking Zone $20 to $15These line up with probable liquidity hunting zones on the monthly chart to fill in low volume notches on the volume profile and using fork extensions to estimate timing. The bottom end of the zone is less likely around $15 because the point of control is at $16.5 and would probably tend to soak up price tests through it. But the trade idea is still valid even if the POC doesn't provide support. The volume profile has a double distribution meaning disagreement among traders on this time frame. An exit point might be at $23 which is the next developing POC but if I stack some silver below $20 I will probably hold it for something more like $40 since silver has a tendency to produce short squeezes and shoot to the moon for a short burst and then collapse. Also holding physical silver (probably 10 oz bars) is a nice way to get a warm and fuzzy feeling of financial security so having a bit on hand is not a bad idea.
COMEX:SI1!
by mljones
LL/LH. Resistance at 70K, support at 50KBitcoin reached its peak at 70K, and since then it broke the trend and it has been doing a series of Lower Lows / Lower Highs, the pattern is corrective rather than bearish. We still have a support at 50K, which is critical if this is meant to hold and at least trade in the range. If this support is broken, basically it's the end of the bull chapter until the next time. This chart depicts Bitcoin in the Weekly time frame, which is the big picture. The momentum has already entered a negative territory. and it is not good for the bull case. The rally we saw recently is in tandem with the rally in the SP:SPX , a relief rally, also known as a "Dead Cat Bounce". Once this is exhausted it could resume its leg to the bear territory. I wouldn't open a bull position here, in this time frame, unless I see the support is confirmed and the momentum reverts to the bull side. The important levels to watch : 50K, 60K, 70K. Trade and Trade Well !
COINBASE:BTCUSDShort
by Madrid
Lumen Technologies - Bullish divergenceOn the above 12 day chart price action has corrected over 90% since early 2022. Now is an excellent moment for a long position. Why? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) Support on past resistance. See 2 month chart below. Is it possible price action drops further? Sure. Is it probable? No. Ww Type: trade Risk: 6% or less Timeframe for long: This month Return: Not got a clue 2.month
NYSE:LUMNLong
by without_worries
20
An ADX Tip. :)Hello traders! I'm back from a few years away and found a little nugget on ADX in my trading notes which I wanted to share with you. As you may know I have focused the majority of my attention on candlestick analysis using Steve Nison training material. In one of his courses I have written down this quote by a significant trader he talks about sometimes, " Some of the best buy signals are found when ADX is below 15 and begins to rise. " - Chuck Lebeau Having seen that quote I brought up TradingView and found the most recent occurrence of that happening on the asset I was analyzing on the Weekly chart and look what I found: Steve Nison teaches a strategy called "Trading the 9" which involves the 9, 20, & 50 period moving averages. Look, there was a Golden Cross of all of them exactly when ADX crossed above 15! Outstanding! Maybe look at adding an alert on the assets you watch for ADX crossing above 15! :)
NASDAQ:AAPLEducation
by zerocashcool
Why I Think EURUSD Will Sell This Week...Technical AnalysisHey Rich Friends, I hope all is well and you are having a profitable trading month so far. If you are on a trading journey, keep going until you get the results you want. This is only my technical analysis of EURUSD so please cross reference the indicators you have on your charts and check the news. I think EU will continue to sell this week and this is why: - The candles have already rejected the previous the supply zone and formed a lower high - The larger EMA (purple) has crossed below the smaller EMA (blue) on 4H. This is a strong bearish confirmation for me - The Stochastic has crossed below 80, the slow line (orange) is above the fast line (blue) and both lines are facing down. This is a strong bearish confirmation for me - Structure has been broken on the downside with the current candle - There is a gap that must be filled I entered this trade at market execution with my SL at a previous high and my TPs at previous lows. Greak luck if you decide to take this idea and happy trading. Peace and Profits, Cha
Short
by MoneyMantraCha
15 Minutes.AMEX:SPY Aug 6, 2024 15 Minutes. AMEX:SPY managed to hold above 505 yesterday. We take 3 numbers The fall 554.86 to 510.28 The fall 533.17 to 510.28 The fall 523.58 to 514.9 For the first fall AMEX:SPY made lL but oscillator also LL. Hence sell on rise probably until 538 is crossed. For the second fall AMEX:SPY even with gap doen yesterday AMEX:SPY managed to retrace 61.8% arounf 523.5 levels. Hence 510 should provide a good support today. For the third set from 523.58 to 514.90 a retracement to 521 levels will give a change to short as it is also 50 averages. On upside if 524 is crossed and we get a good close being near top of bar then 530-532 should be a target to aim as it will be approximately 100 200 averages number. So, for the day i will go long above 524 and short 521 levels.
AMEX:SPY
by RiderTrader