Nasdaq Index (US100): More Growth is Ahead
NASDAQ Index broke and closed above a neckline of a cup and handle pattern
on a daily, following the yesterday's CPI report.
Taking into consideration, that the index is trading in a strong bullish trend,
that violation will most likely trigger a strong bullish wave.
I will expect growth to 15600.
For entries, consider an occasional retest of a broken neckline.
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Sp1
S&P500 INDEX (SPY) Your Trading Plan For Next Week
S&P500 Index formed a huge ascending triangle formation on a daily.
Its neckline is a key horizontal resistance.
To catch the next bullish wave, wait for a bullish breakout of 4215,
it will confirm the violation.
A bullish continuation will be expected to 4300 then.
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US100 Index (NASDAQ): New High on a Weekly!
NASDAQ broke and closed above a key weekly horizontal structure resistance
setting a new higher high higher close.
It makes me think that a bullish trend may continue.
Next long-term goal for buyers - 14850
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S&P500 Index (SPY) Pullback From Key Level
S&P500 Index reached a key horizontal support.
The price formed a double bottom, approaching that,
and successfully broke the neckline.
I expect a pullback at least to 4100 with a potential continuation to 4130.
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S&P500 Index (SPY) Bullish Outlook After NFP 📈
So it looks like the NFP is certainly bullish for S&P500 index:
Approaching a daily zone of demand, the price formed a double bottom formation on 4h,
successfully violated its neckline and reacted positively on its retest.
I will expect a bullish continuation and retest of a local high 4137
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Exuberant Pumping-up to Settle Back Into Reality?Exuberant Pumping-up to Settle Back Into Reality?
With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would be glass-half-full or glass-half-empty camp that leads remains to be seen. Our models indicate initial pressure to the downside.
Positional Trading Models: Our positional models are indicating early signs of bearishness, and are monitoring for a potential short signal. For now, no trading plans for the day.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for TUE. 04/04:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4131, 4121, 4101, or 4085 with a 9-point trailing stop, and going short on a break below 4128, 4117, 4098, 4094, or 4081 with a 9-point trailing stop.
Models indicate explicit long exit on a break below 4147, and explicit short exit on a break above 4063. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:01pm ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #fomc, #fed, #newhigh, #stocks, #futures, #inflation, #powell, #economy, #interestrates
S&P500 Index (SPY): Bullish Outlook Explained
S&P500 Index is trading in a rising channel on a daily.
The price was approaching a solid resistance cluster on Thursday and Friday.
The market managed to break that and successfully closed above.
I believe that the Index may go higher this week.
Next goal for buyers will be 4155
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S&P500 Index (SPY): Classic Trend-Following Pattern
S&P500 Index is trading in a bearish trend.
Once, the price set the last low on a daily, a correctional movement started.
The market was steadily growing within a bearish flag pattern.
To catch a bearish continuation, wait for a bearish breakout of the support of the flag.
If the price breaks and closes below that on a daily,
a bearish continuation will be expected.
Goal will be 3830
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Dow Jones Index (US30): Waiting For Breakout
Dow Jones Index is very bearish since 7th of March.
Currently, the price is stuck on a solid horizontal support, though.
For now, I am patiently waiting for its breakout.
Daily candle close below that area will confirm the violation.
A bearish wave will be expected then at least to 30900 support.
I will post an update once I spot a confirmed breakout.
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S&P500 INDEX (SPY) Bullish Outlook For Next Week
S&P500 Index keeps falling.
The price keeps breaking key supports in February.
Yesterday, we got one more structure breakout.
The price closed below 3886 - 3956 area.
The broken structure turned into resistance now.
Probabilities will be high that the market will keep falling.
Next support - 3800
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Dow Jones Index (US30): Key Levels to Watch This Week
Here is my latest structure analysis for US30 Index.
Support 1: 32470 - 32650 area
Support 2: 31700 - 31975 area
Resistance 1: 33475 - 33660 area
Resistance 2: 34300 - 34500 area
Resistance 3: 34820 - 34900 area
Vertical Resistance 1: major rising trend line.
Currently, the market is approaching a confluence zone based on Vertical & Horizontal Resistance 1.
Probabilities will be high to see a pullback from there.
Consider the underlined structures for pullback/breakout trading.
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S&P500 Index (SPY) Time For Pullback 📈
S&P500 index reached a daily horizontal support.
A doji candle was formed on that.
Today, bulls started to push.
The price broke a resistance line of a falling parallel channel.
I expect a pullback to 4040 / 4060
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Dow Jones Index (US30): Detailed Technical Outlook 📈
Price action analysis on US30 Index.
Key levels & the things to watch.
Your detailed trading plan.
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SPX 2001-2003 FractalBearish convictions:
-DXY (dollar index) is currently in a falling wedge (bullish) pattern sitting on very strong support around 100 -102.
Furthermore, while the DXY took a sharp dive, we did not see so much of a reaction in the SPX and across other equity markets.
-VIX (volatility index) is currently sitting at strong support around $18 - $20 with bullish divergence on MACD and RSI.
-If the Feds even so much as to mention a hawkish word about raising interest rates higher than 5% - 5.25%.
-Supreme Court will reconsider Biden Admin's student debt relief on February 28. This will decide whether student loans will resume 60 days after June 30th or not.
-Resuming student loan payments, along with a softening housing market will reduce consumer spending growth on goods and services. This would be good for inflation but overall bad for equity markets as consumers would be less likely to invest.
Not financial advice. Trade safely!
S&P500 Index (SPY): Bullish Outlook Explained
Hey traders,
As I predicted, S&P500 index has nicely respected a key horizontal structure support on a daily.
I believe that the market will keep growing next week.
Goals: 4014 / 4059
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S&P500 INDEX (SPY) Bullish Outlook For Next Week
S&P500 Index broke and close above a key daily structure resistance.
Following the CPI report, I believe that the index will keep growing next week.
Next resistance - 4060
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
S&P500 Index (SPY) Bullish Continuation 📈
S&P500 Index broke and closed above a solid supply zone on a daily.
The broken structure turned into a demand area now.
I will expect a bullish continuation to 4064 now.
❤️If you have any questions, please, ask me in the comment section.
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