Dow Jones Index (US30): Price Action Analysis 📈
Technical outlook on US30 index.
Price action, key levels & structure.
Potential scenarios explained.
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Sp1
S&P500 Index: Bullish Continuation 📈
Hey traders,
I believe that S&P500 index may keep growing next week.
Setting a new local high the market retraced.
The price has perfectly respected 618 retracement of the last bullish impulse
and formed a double bottom formation on that.
I will expect a bullish move to 3923 next week.
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Dow Jones (US30): Does It Look Bullish?
It looks like Dow is finally recovering.
The price formed a head and shoulders pattern after a sharp bearish move
and then broke its neckline to the upside.
I assume that we may expect a correctional movement to higher structures.
Goal for buyers is falling trend line on a daily.
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Dow Jones Index (US30): Major Demand Zone Ahead 📈
Hey traders,
US30 is entering a significant demand zone.
28676 - 30330 is a very important historical structure from where we may see a pullback.
Pay close attention to this area and wait for a confirmation to buy.
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Dow Jones Index (US30): What to Look At Before FOMC 📈
Multiple time frame analysis on US30.
Local bullish bias explained.
Forecast & thoughts.
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Two scenarios for the S&P500 index for 2022-2023
More theory
A diagonal triangle is always subdivided into five waves.
An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat.
A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag.
Waves 1, 2, 3, 4, and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into zigzags.
Wave 2 never goes beyond the start of wave 1.
Wave 3 always goes beyond the end of wave 1.
Wave 4 never moves beyond the start of wave 3.
Wave 4 always ends within the price territory of wave 1.
Going forward in time, a line connecting the ends of waves 2 and 4 converges towards (in the contracting variety) or diverges from (in the expanding variety) a line connecting the ends of waves 1 and 3.
In a leading diagonal, wave 5 always ends beyond the end of wave 3.
In the contracting variety, wave 3 is always shorter than wave 1, wave 4 is always shorter than wave 2, and wave 5 is always shorter than wave 3.
In the expanding variety, wave 3 is always longer than wave 1, wave 4 is always longer than wave 2, and wave 5 is always longer than wave 3.
In the expanding variety, wave 5 always ends beyond the end of wave 3.
Best regards EXCAVO
S&P500 Index (SPY) Important Breakout & Bearish Outlook 📈
Hey traders,
S&P500 index was coiling within a descending triangle formation since the end of May.
The price broke and closed below its support yesterday.
I believe it may trigger a bearish impulse.
Next support - 3913
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What can I expect from SPX before it is exp?Greetings All!
On the eve of the VIX and SPX futures expiration we can expect a rather calm market. The main open interest and the maximum negative gamma is located at strike 4000, which acts as support for the market. The maximum positive gamma is located at the 4200 strike, which is the main resistance. Options traders do not look for high index prices and sell calls and buy puts when the price approaches 4200.
The 4,100 level is a trigger for rising volatility, and in Friday's session, volatility sellers successfully defended this level. Options traders have large put positions below current values, so I do not expect the VIX to rise.
Sentiment in the dark liquidity market is more than optimistic. The DIX index hit an all-time high on the SPX decline and has generally been in the buying zone for a long time. Looking forward, this is a positive signal for the stock market, and we can see how institutional investors are set up and where to expect the index going forward.
There are two trading weeks left before the SPX expires, and the market probably won't show us anything interesting during that time. In the meantime, I interpret traders' behavior as "pressure on the index with the potential for further growth in the medium term."
Dow Jones Index (US30): Breakout & Bullish Continuation 📈
Dow Jones broke and closed above key daily structure on Friday last week.
Retesting that structure, the price broke a falling wedge pattern to the upside.
It makes me think that the index may keep growing.
Next goal - 3346
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S&P500 Index (SPY) Will We Drop Lower? 📈
S&P500 index is trading in a bearish trend.
The price keeps setting lower lows and lower highs.
Setting a lower high this week, the price is retesting a current low now.
Watching how the price was acting from the beginning of April,
it looks like we may drop again.
If the price sets a new lower low lower close on a daily,
I will expect a bearish continuation to 3750 structure.
Be prepared!
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Dow Jones Index (US30): How to Catch Bearish Move 📈
US30 is currently retesting a strong horizontal structure resistance.
Taking into consideration that the index is trading in a bearish trend,
we can catch a nice trend-following opportunity from that structure.
To short with a confirmation, watch a rising parallel channel on 1H time frame.
Your need to wait for a bearish breakout of its support first.
Once we see a candle close below that we will expect a bearish move to 32.200 / 32.000 levels.
If the price breaks the blue zone to the upside though, the setup will be invalid.
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S&P500 Index (SPY) Time For Correctional Move?! 📈
S&P500 index looks very oversold.
On Friday, the price reached an important zone of confluence:
we see a perfect match between a horizontal demand cluster and
a completion point of a harmonic ABCD pattern.
From that zone, I will expect a pullback at least to 4080 level.
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Dow Jones Index (US30): Breakout & Key Levels to Watch 📈
Major indexes keep falling.
US30 broke a strong horizontal structure this week.
Here are key levels for you to watch:
Resistance 1: 32100 - 32700
Resistance 2: 35300 - 35900
Support 1: 30500 - 30800
Support 2: 28900 - 29700
I guess that the index will keep falling at least to Support 1.
Be prepared.
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Dow Jones Index (US30): Very Bearish Outlook 📈
Hey traders,
After a 1-month long consolidation, US30 broke and closed below key daily structure support.
Taking into consideration that the market is trading in a long-term bearish trend,
chances are high to see a bearish trend continuation next week.
Next goal for sellers is a 32200 - 32700 demand cluster.
I will post an update once I open a short position.
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S&P500 Index (SPY) Is It Bullish Now?! 📈
It looks like S&P is reversing.
We see multiple bullish clues on a daily and I am planning to buy the index.
In this video, I will share with you my trading plan.
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SXP500 Index: ready to U-turn Today we are here to talk about the SXP500 index.
Today: The index is trading at 4462. In the last trading session, we saw a sharp rise in prices to the level of 4485, which I mentioned earlier here is a link to the idea.
What's on the market now:
The market continues to develop lateral movement. Perhaps there is a good place to enter the market.
What are we waiting for today:
Today we are waiting for the market to try to rise above 44 85. And then the subsequent stabilization of the price to the level of 44 15.
What I recommend:
If you want to open short:
I recommend going short above 44 85, limit your risks
If you want to buy:
Long positions are possible below 44 15. Limit your losses to the last low.
If you want to ask a question about an idea:
If you would like to get more info, please do not hesitate to contact me in the comments below.
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Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
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Bye!