S&P 500 (ESZ2024) - Is $6,000 A Far-Fetched Target?We are in uncharted territories and with price for the week closing @ $5,859.75, it would seem reasonable from a non-technical, irrational point a view that $6,000 is the next target.
In fact, I am pretty sure we will hear headlines about the chance to make 'history', reaching a milestone of $6,000 despite all the turmoil in the world.
What fundamentals will it take for this to materialise?
Community ideas
Dollar Index - Is The Rally Sustainable?103.541 is a point of interest which represents the daily buyside liquidity pool but with higher and higher resistance to the upside, a minor retracement is cooking.
It's bank holiday on Monday so I will not be expecting any huge movements during that day. Low volatility da
Followed up by 5 red folder days; CPI and claimant count change, 3 gold folders on Tuesday
Going into Wednesday with 1 red folder and 1 gold folder, CPI
Fire in the booth on Thursday with 8 red hot folders; EUR main financing rate and US retail sales being the major ones
Rounding off with Friday where there's only 1 red folder but 6 gold folders. Friday might be the day it catches traders with their shorts down....
US T-Bonds - 120.08 Has Been DeliveredUsually, bonds and yields work together in harmony where price delivery is clear to see but when we are in times where bonds has delivered to a discount whilst yields is also trading in a discount and has still yet to reach premium levels, it makes me wonder how long this can go on for.
Sitting on my hands awaiting more data and will keep you guys updated.
US 30 I Impulse, correction, and potential continuationWelcome back! Let me know your thoughts in the comments!
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TQQQ I Next long opportunity - following correction from 74.87Welcome back! Let me know your thoughts in the comments!
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NAS100 I Potential correction and more growth Welcome back! Let me know your thoughts in the comments!
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Swing Trade Setup for SATINDLTD & RPEL | Weekly & Daily TimeframSwing Trade Setup for SATINDLTD & RPEL | Weekly & Daily Timeframe Analysis
In this video, I provide a detailed swing trade setup for SATINDLTD and RPEL, analyzing both the weekly and daily timeframes. Using price action strategies, I identify key breakout zones, support/resistance levels, and potential trade entry and exit points. The focus is on capturing medium-term moves based on technical patterns that align with a strong risk-reward ratio.
Whether you're a seasoned trader or just getting started, this analysis offers valuable insights for your trading strategy. Make sure to watch until the end for my conclusions on the overall trend direction and targets.
GBPUSD I Falling wedge pattern and potential upside Welcome back! Let me know your thoughts in the comments!
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GBPAUD I Waiting for the next impulse moveWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
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