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EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - EURJPY currently has an UPSIDE BIAS. With JPY UP, XXXJPY CURRENCIES are selling very fast right now. The reason is that a JPY INTERVENTION took place on Friday. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going UP, currently XXXJPY CURRENCIES are BUYING fast with JPY WEAKNESS. Perhaps the EURJPY 149.69 LEVEL can be reached and BUY higher. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can SELL at 144.707 LEVEL before BUY. If the MAIN STRUCTURE is BREAK, it should be SELL at 139.686 LEVEL.
by benny_marshall
SNP500 Short Term Short Idea!Help me keep on posting by clicking on BOOST! (it's like "liking") This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF (IS THE KING) - ETC
UShort
by SmartMoneySource
2
SPY on a sustained bounce?Last week's SPY action was again interesting, in another new way. But before getting into the details, what is not shown here is the Monthly SPY chart, and in that chart, October is the Perfected TD Sequential 9th candle of the Buy Setup. This suggests that within the next three months, a TD Flip (in the form of a shorter term uptrend) and Sequential is an increasing probability. the SPY is also around the Monthly 55EMA (indicated by the purple support line), which has been tested at least once in the last couple of months. The SPY Weekly chart shows the extended 8th candle of the TD Sequential with a long lower tail, and last week's candle broke the TD Sequential Setup with the start of an opposing candle. It had bounced off the Monthly 55EMA level, and candlestick formation suggest that an uptrend attempt is underway. While there is a lack of a weekly higher low, there is a slight MACD bullish divergence noted. Therefore, this bounce rally just might have some legs. The daily chart is a bit messy, as it accentuates the situation where a second attempt to rally up with a new TD Sequential Setup is met with many resistances. Favourable to the upside, having closed two gap up and reopened one gap down (Thursday's post), Friday's closing week action reversed the week's expected outlook, and with style in the form of a relatively solid bullish candle. MACD is supportive of the price action, and 380 is the next confluence of resistance that needs to be overcome. Noted that the downtrend pattern appears to have deviated, so one of three things is likely: 1. The downtrend is broken, resistance will be met and broken too, and a trend reversal should be in effect; 2. The resistances will hold at a out 380, and a reversal would happen to bring a lower low; and 3. A sudden event reverses and reinstates a strong move to the downside target. Right now, I am just watching this deviation as it continues to surprise in its development... nothing explicit at this point, so maybe a (real) walk in the park just might be needed.
AMEX:SPY
by Auguraltrader
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is going up a bit more than the EUR right now. COMMODITIES DOWN due to MARKET RISK ON, NZD is UP right now.. Therefore, EURNZD can definitely go UP to the RESISTANCE AREA of this CHANNEL before going DOWN again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can SELL up to 1.6903 LEVEL. And before SELL, EURNZD can be BUY at 1.7845 LEVEL. So stay tuned for MARKET UPDATES.
by benny_marshall
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is currently in a rather RANGE range. The reason is that OIL is slightly RANGE and USD is slightly DOWN. Also, MARKETS RISK has been OFF again. And the US CPI data was very good. So now USD has become very STRONG. US RETAIL SALES DATA was also very POSITIVE. As a result, the sentiment related to USD became STRONG in recent days. But now with good DEMAND for US YEILD, USD is moving UP. USD received a very good UP from US LABOR DATA. Due to this reason, STOCKS can continue to move DOWN SIDE if the USD goes up like this in the coming days. USDCAD MARKET is currently RANGE because US DATA and UPDATES are POSITIVE and MARKET SENTIMENT is temporarily POSITIVE. We think it will go DOWN to 1.3155 LEVEL before going UP again with MARKET RISK ON SENTIMENT. Somehow there will be opportunity to BUY USDCAD up to 1.4049 LEVEL. We wait until the UPSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
Major Earnings Weigh Heavy On StocksThe S&P 500 has taken an unfortunate turn as abysmal Snapchat profits have taken a turn for the worse and the stock has plummeted naerly 25%. This took down other social media stocks with it, some of which form a formidable component of the S&P 500. We were seeing support at our level at 3676, but the selling momentum has taking us down to 3645, where we are seeing some support. If the bear momentum continues, we could retrace the entire move back to 3584 or so. If we are able to pivot from here, look for a ceiling at 3758, and a likely intermediary target at 3714.
FX:SPX500Short
by quantguy
SPY closes all the recent gaps… oh!Yesterday’s SPY performance was significant, notably about closing and reopening the gaps in recent days. Here we take a look at the significance of these gap closures and an accompanying set of technical indicators which include MACD, Volume Divergence and TD Sequential. Using the 4H chart, the pink box shows the gap down and the gray and/or white box shows the two recent gap up ranges. Notably, yesterday’s close was significant because it reopened the gap down (pink box) after a failed intraday attempt to close it; this is a bearish indication. Furthermore, two previous gap up ranges (gray and white boxes) were also closed; also a bearish indication. Furthermore, the MACD just had a cross down on its Signal line and the Volume Divergence had already crossed down some time ago. All these indicators support a down trend. Using the TD Sequential, since the beginning of October, there have been about two truncated TD Sequential Sell Setup, and one perfected TD Sequential Buy Setup. A failed attempt to surmount the highest closing of that Buy Setup keeps the main trend bearish. And current closing candle is the second of a new Buy Setup indicating that more downside in the bear trend should be expected, at least for the next week. Do note that, the 4H chart was chosen for analysis as the daily chart was not only volatile but also lacking smooth inter-day transitions. Hang on peeps…
AMEX:SPYShort
by Auguraltrader
1
S&P 500 E-mini FuturesSupply and Demand Supply and Demand is one of the core strategies used in trading. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone ), driving the price up or where supply overwhelms demand (the supply zone ), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves. I MOSTLY DAY TRADE BASED ON THESE ZONES. THE TIME FRAME I PREFER IS 2 MIN AND 5MIN TO TRADE THESE ZONES.
CME_MINI:ES1!
by bilalcista
SNP500 SPX500 US500 Mid-Term Bearish Expectation Help me keep on posting by clicking on BOOST! (it's like "liking") This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF (IS THE KING) - ETC
UShort
by SmartMoneySource
Stocks Pull Back After Tesla and FedAs predicted yesterday, stocks have met resistance at 3758. We were fairly certain this would be a top due to lack of momentum and the price action 'rounding off'. Also, the news isn't exactly cheery lately. The Fed's Bullard thinks we won't see inflation ease until next year, and Tesla's earnings have disappointed sending the stock tumbling 5%. The major indices all dipped, and exactly as we predicted, the level 3676 has provided support. If support does not hold, then we could retrace all the back to 3584. We are likely to hold the range between current levels and highs at 3758. If we can somehow break out, we are sure to hit resistance at 3792, which should be considered a ceiling for now.
FX:SPX500Short
by quantguy
3605 a small but important level before the rise to 3840.Analysis of the spx 500 index 10/20/22 Today we are here to talk about the SPX 500 index. And so let's see what happened to the index over the past day. What's on the market now: Today the index is trading at 3695. And over the past trading day, we saw a slight decrease in the index, but there was no sharp drop, the market continues to be in the support zone. Today the market has every chance to fall to the level of 3605. However, if this attempt is broken, the market will fall to the level of 3200. Thus, globally, nothing changes. What I'm looking forward to today: Today at the open, I expect the market to try again to drop to the level of 3605-3670. But there is also a high probability of a sharp fall to the level of 3200 on the market. Therefore, long positions are prohibited. Here are my trading recommendations for today 10.20.22 What I recommend: If you want to go short: Short positions are possible from the 3840-3815 level, this will be the ideal place to sell this week, limit your losses. If you want to buy: Long positions are prohibited. If you are not in the market: Long positions are possible from the level of 3605 - 3570. If you want to open a short position, it is better to do it from the level of 3840 - 3815, limit your losses. Also remember to contact me in 2 or 3 days for further trading advice. Subscribe to me and you will always be aware of the movement of the S&P 500 index. If you want to help me promote my content, then press your thumbs up. This will give me more motivation and help promote the content. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
2
Can Exhuberance in Stocks Last?Stocks have gained after ' shrugging off ' yet another worse than expected inflation print. Additionally, traders seem hopeful of good earnings prints as banks lead the way , with strong numbers. All major indexes have risen sharply, with the S&P 500 touching our level at 3758, just below highs at 3810. The Kovach OBV has picked up sharply with the momentum, but we will see if this will last. Netflix earnings are today and there are serious questions about subscriber growth. In the event of a strong selloff, we could completely retrace this move, with 3584 likely to provide support yet again. If we are able to break through 3810, the next target is 3825.
FX:SPX500Short
by quantguy
S&P 500 Index Analytics: The collapse is close.Analysis of the spx 500 index 10/17/22 Today we are here to talk about the SPX 500 index. What's on the market now: Today the index is trading at 3583. And yesterday, as expected, we saw a sharp drop in the market, which I mentioned earlier. Today, I expect market volatility to continue. The market will still be volatile for a while. Globally, as I said earlier, the market goes to the level of 3200. However, it still has a small chance to rise to the level of 3800. In my opinion, the market will try to start this attempt from the level of 3550-3570. However, if this attempt is broken, we will see a sharp drop towards the 3200 level. What I'm looking forward to today: Today at the open, I expect the market to try to rise to the level of 3630, but then the movement to the level of 3550 will continue. There is also a high probability of a sharp fall in the market. Therefore, long positions are prohibited. Here are my trading recommendations for today 10.17.22 What I recommend: If you want to go short: Short positions are possible from the 3840-3800 level, this will be the ideal place to sell this week, limit your losses. If you want to buy: Long positions are prohibited, limit your losses. If you are not in the market: Long positions are possible from the 3200 level, limit your losses. If you want to open a short position, then it is better to do it from the level of 3840 - 3800. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Subscribe to me and you will always be aware of the movement of the S&P 500 index. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
1
Stocks Retrace GainsThe S&P 500 has found support at 3584 after the CPI dip tested the base of the 3500 handle. We have since solidly recovered the 3500's, with a strong burst of momentum breaking through to 3714, where a red triangle on the KRI confirmed resistance. We then fell back to support at 3584, and are currently seeing an attempt at a pivot. We identified 3617 and 3624 as two levels where we would see resistance and that is exactly what we are seeing. A red triangle on the KRI is confirming resistance at these levels. If we are able to break past them, expect further resistance at 3714. If we retrace, then 3584 should hold, otherwise the base of the 3500 handle should hold as a floor.
FX:SPX500Short
by quantguy
1
SNP500 Short-Term ExpectationHelp me keep on posting by clicking on BOOST! (it's like "liking") This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF (IS THE KING) - ETC
ULong
by SmartMoneySource
1
ES1! SPX500USD 2022 OCT 17ES1! SPX500USD 2022 OCT 17 Market testing for demand after breakdown of 3580. Possible Scenarios are considered: 1) If market forms a rotation, possible LONG opportunity with test of 3808 2) Scenario for breakdown: Lower highs observed, or market hanging around 3580 level. Short on test and reject of breakdown area (since most breaks are normally false breaks) Weekly: Ave vol down bar close off low = minor demand Daily: Ave vol down bar closing at low = minor supply H4: UHV down bar close at low = some demand Price reaction levels: Short = Test and Reject | Long = Test and Accept 3903 3808 3580 3502 3350 Remember to like and follow if you find this useful. Have a profit able trading week.
CME_MINI:ES1!
by paradox677
2
SPY - momentum NO, consolidation MAYBE, volatile YESAnother exciting week on the SPY! These type of weeks, is where and how people get burnt, especially IF they are not trading on lower time frames. The range of the higher time frames are in excess of 2.5% per day, and 3 out of 5 days in the week had such volatility in different directions! By the way, these volatility periods tend to happen when the VIX is above 30, with large moves in either direction on a daily basis. The weekly chart shows an overall picture where the down draft continues as previous week's candlestick pointed out to the downside. The week was not all down, and although it closed down, there was a good range for the week's candle... just over 6% from the week low. The weekly technical indicators are still showing bearishness, but do note that the TD Sequential is in the last candle of the Setup, which is pretty much perfected. So over the next 2-4 weeks, we can expect more downside towards the previously mentioned target of 325-335, and volatility to add intraweek range. The last week's candle is not giving much commitment to momentum, but maybe to possible consolidation, and definitely suggests volatility with wide ranges. The daily SPY chart appears to be more interesting at this point, with the development of the volatility obvious. The week started out with a gap down, Gap and Run, type of pattern. Especially after an intraday failed attempt to close the gap (observed by the upper tail), there was more downside to be expected. The SPY continued down further, and into a mid-week stall. But on Thursday, an interesting technical event took place... where it started with a large gap down and it was decisively closed with the early upside with a 5.5% range difference. This actually formed a very huge Bullish Engulfing, which candlesticks practitioners would declare bullishness, and a next day follow through would confirm. However, what started out looking like a confirmation on Friday with a gap up, closed and it that was it. It was made worse when Friday closed down (357.63) just above the previous candle body halfway mark (357.59). So strictly speaking, this is not a Dark Cloud Cover candlestick pattern, but is is close enough by 0.04 points. The way I see it is that the very bullish engulfing failed a follow through, and the supposedly Dark Cloud Cover also failed to totally qualify by 0.04... I would take it as an overall bearish outlook for the next week, with the caution of a possible bounce and definitely expecting long candles or candle wicks (tails). Also noted that the SPY closed below the June previous low, for the second time. Daily MACD is indicating a mild bullish uptick, but all else still drifting down... Overall bearish, with possible technical bounce mid-week (Wed-Thurs).
AMEX:SPYShort
by Auguraltrader
4