⤵️⤵️ ( Gold bearish momentum technical analysis) Technical analysis🟢
Hello traders what do you think about Gold
Traders are you looking 👀 gold this week moving down
2000+ 1990+ 1980 gold friday cpi News update selling zoon 2057 big down 👇 2027) this week same retest 2030 2040)
Fullback down 👇🟢
DXY INDEX ☝️ 105 .00 🟢
US SPX 500
SPX500 preparing for another bullish move???...SPX500
The price is moving in a parallel channel, and price is also above the support area, as long as price stays above the Support, I expect the price to move higher....
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SPX500USD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for SPX500USD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 4932.1.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 4848.8 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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⤵️⤵️(GBPUSD short signal)⤵️📌gbpusd FX:GBPUSD confirmed ✅ entry for this week trader entry level position 1.27664) this week usd will go up ⬆️ I think 💭 this week gbpusd will go down same Srl will go support level waiting for hitting target entry level on your position )
Entry 1.27664
Target 1.25998
SL. 1.28155
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🪓⤵️⤵️( EURUSD short analysis) signals)Technical analysis
Hello trader's are you looking for a bearish analysis eurusd moving Up trand 1.65489
Fullback down trandline this week eurusd bearish moving
DXY INDEX ☝️💪 104.000
Entry 1.65489
Tp. 1.63150
Tp. 1.61268
TVC:DXY FX:EURAUD
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"SPY Peaks: Signs Point to Market Reaching Pinnacle"SPY ETF Approaching Critical Resistance Amid Bearish Signals
The SPDR S&P 500 ETF Trust (SPY) has been a focal point for investors seeking exposure to the broader equity market. However, recent indicators suggest a potential shift in sentiment as the ETF nears significant resistance levels, hinting at a looming bearish turn.
As of late, SPY has been on a notable uptrend, consistently climbing towards one-year high resistance levels. This trajectory has garnered attention from investors eyeing the possibility of continued gains. Yet, caution flags are waving as the ETF approaches the $500 to $520 range, projected to materialize by March or April of 2024.
Market analysts and technicians are closely monitoring this critical juncture, as historical data indicates a propensity for price rejection and subsequent correction around such resistance zones. While past performance is not indicative of future results, the confluence of technical factors underscores the significance of this price range.
One factor contributing to the bearish sentiment is the overextension of the current rally. With the market experiencing an extended period of growth, there is growing concern about unsustainable valuations and the potential for a market pullback. Additionally, macroeconomic uncertainties, including inflationary pressures and geopolitical tensions, further amplify the apprehension among investors.
Moreover, sentiment indicators such as the fear and greed index are signaling heightened investor optimism, often considered a contrarian indicator suggesting potential market reversals. As greed eclipses fear, complacency may set in, leaving the market vulnerable to downside risks.
Investor psychology plays a crucial role in market dynamics, particularly during pivotal moments such as approaching resistance levels. The psychological barrier of reaching a milestone price range can trigger profit-taking among investors, leading to selling pressure and downward price momentum.
Institutional investors, who often have the firepower to influence market movements, may also opt to rebalance their portfolios in anticipation of market headwinds. As such, increased selling activity from institutional players could exacerbate the downward pressure on SPY and the broader market indices.
While the outlook remains uncertain, prudent investors are advised to exercise caution and closely monitor developments in the coming weeks. Key technical levels and market indicators will offer valuable insights into the potential direction of SPY and the broader market.
In conclusion, as the SPY ETF approaches critical resistance levels amidst bearish signals, investors brace for a possible shift in market sentiment. With the $500 to $520 range looming ahead, caution is warranted as historical precedents and technical indicators point to the potential for a corrective phase. Vigilance and adaptability will be essential for navigating the evolving market landscape in the months ahead.
S&P500 Retracement 30.01.2024U.S. Indices experienced a rapid movement upwards late yesterday.
Retracement today is happening, the question is if it is going to return to the 61.8 Fibo level as depicted by the arrow.
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5050 is the next point stop?I prefer to ignore reality and focus only on what the graph will show me, because every new week we have good news regarding the American economy, but the good news will have to come to an end at some point, as there is a saying that goes like this; "There is no such thing as a free lunch. If you didn't pay for it, someone else will have to."
In the long term we are still in a strong upward pivot, and amazingly, it could reach the gold region at 5050. What a great thing, right?
Note: The red lines are resistances. If defeated, they project highs up to the yellow lines (targets).
On the medium-term chart, the trend is strong, but the SETUP used is indicating that the bulls are losing strength, therefore, we may not reach the golden target at 5113, remaining only at the long-term golden target reported above (5050).
Note: The red lines are resistances. If defeated, they project highs up to the yellow lines (targets).
On the hourly chart, we have the following: the loss of the 4909 range projects the falls reported in the chart below. The salvation for this correction would be for bulls to act quickly and force prices above the safety level at 4922.
Note: The red lines are support points. Loss of it leads prices to seek the yellow lines (targets)
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In conclusion we have:
a) Prices are at an all-time high, a beautiful achievement, but the bulls need to continue their rises and look for the golden target on the long-term chart in the region of 5050. If this does not happen, we could have strong corrections up to the level of 4459.
b) The 4960 region is a resistance that needs to be overcome this week for the long-term uptrend to materialize. So, pay attention to this track as this week begins.
c) Prices working below the 4909 range the best thing to do is stay out, or, if you are brave, working on the short end is the best alternative, but remember. This is a region with strong fights between bulls and bears, so traps will be constant.
SPX here!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
Whenever this occurs, it signals the bottom of the market.Whenever this occurs, it signals the bottom of the market.
In this weekly chart, the blue line represents the 50 Simple Moving Average (SMA) and the black line represents the 100 SMA. As we can see the 50 has inverted the 100. Whenever the 50 crosses below the 100 on the weekly chart and then price moves above the 50, the market doesn't set a new low until a new high is established this has happened 13 times in the past (now the 14th time). The only exception to this was in March of 2002, where the market failed to hold three consecutive weeks above the 50 SMA. If you are wondering, last weeks close marked three consecutive weeks above the 50 SMA, which now means we have a greater than 92% chance that the market has indeed bottomed.
To summarize
This has happened 13 times in the recorded chart data we have and 12 out of those times the market had bottomed.
12 times out of the 12 times we had closed above the 50 for three consecutive weeks the market had bottomed.
Right now we are in the 14th time and we have closed 3 consecutive weeks above the 50SMA. If we set a new low before a new high, this will be the first time ever after closing three weeks above the 50 SMA
I have presented the information for all the times this has happened in history, and you can also verify it. In one of my previous ideas, I mentioned we were back testing a Bullish Megaphone pattern and that we should hold there, which we have done since then (see the link below)."
Please like if you find it useful
Please note this is not a financial advice.
/ES: End of Week Double Top Could Result In Secondary SelloffThe S&P 500 E-mini Futures appear to be double topping at around 4,835 as the end of the trading week approaches, this could result in an end of week selloff that continues into next week. The range in which it could sell off to on an intraweek basis is pretty wide. I would generally target the 800 EMA at around $4,678
NAS100 & SPX500 - WHAT IS HAPPENING TODAY? (CONFLICTED)We are at a pivoting point in the markets, everything seems to be bullish and yet I have this bearish itch. Markets seem to be overpriced, notably the NQ. However the S&P500, has had a healthier correction and the continuation of its rally makes more sense.
Since both markets are highly correlated, it would be absurd to short the NQ while the S&P500 looks so bullish. Why do I want to short the NQ? Technically it hasn't retraced as sanely as the S&P500 but that may be the nature of both markets. The NQ being more irrational (more speculative) than the rest, especially with the AI craze.
So here's my two cents worth on the matter!
What is on the charts? (follow the steps)
1) Highs that wicked many times in the daily bearish FVG.
2) Significant high that as I'm writing this has been taken out.
3) The retail sales session that took out lows and this is also what has me question the rally. If it is supposed to be bearish info why isn't price dropping? These are the reasons why I do not trade on certain days because I do not see clearly all the time.
4) Asian session lows, a great target for shorts.
5) A retest (or break of the daily FVG). I am not a breakout trader which is why I am not focusing on the bullish outcome because I couldn't tell you how to trade it optimally.
6) The bearish structure (that may never present itself). This all depends on the S&P500, for me to accept a short I need that double confirmation. So right now I accept everything as bullish unless shown otherwise.
7) Asian session lows taken out.
8) Finally the healthier correction that I'd want for the NQ to accept a more bullish approach.
As always, happy trading everyone and have a lovely day! ;)
⤴️⤴️( gold bullish momentum flag patterns) full back 2100) 🤹🏻Hello trader’s what do you think about gold) FXOPEN:XAUUSD
traders are you looking 👀 a fake breakout) 2011 ) gold price retest resistance level 2060) now gold price 2040 this week gold price hit
2100)
H4 time 🕰️ frame 🖼️
Entry price 2031)
Take profits 2064
Take profits 2081
Take profits 2103
safe trade 🙏❤️💙 pales like 👍🏻 and comments 📝
Chinese equities falling, VIX skyrocketing, and rally stallingOvernight, multiple Chinese stock markets established new lows, setting the negative tone for the European trading session and futures markets in the United States, with all major U.S. indices diving into the negative territory ahead of the regular trading hours. So far, the SPX has failed to get through the psychological resistance of $4,800 and establish new highs. At the same time, other indices like the Nasdaq 100, the Dow Jones Industrial Average, and the Russell 2000 have been moving sideways since late December 2023. It is becoming increasingly apparent that the market’s bullish momentum continues to stall, which follows a period of extremely low VIX and cheap protection to the downside (two things that often precede a downturn in the market). As a result, we are closely monitoring an opening gap in the VIX; if the gap is not closed and the VIX continues to grow, it will strongly bolster the bearish case. The same applies to the decline in MACD, Stochastic, and RSI (plus its failure to break through 70 points) on the daily graph. In addition to that, there are signs of a double-top forming on the daily and weekly chart (not validated yet, though). Therefore, we continue to approach the market with heightened caution.
Illustration 1.01
The image shows three major Chinese stock market indices: the Hang Seng Index, the CSI 300 Index, and the Shanghai Composite Index. The Hang Seng Index has continuously declined since early 2018, while the Shanghai Composite Index and the CSI 300 have declined since early 2021; the performance is measured from the all-time highs until the latest market close.
Illustration 1.02
Illustration 1.02 portrays the daily chart of VIX. The yellow arrow indicates the opening gap in the VIX, a notable event, given its increase of more than 10% from the previous close.
Illustration 1.03
Illustration 1.03 shows the daily and weekly chart of the SPX. Yellow arrows indicate two peaks, which could potentially evolve into a double-top formation.
Technical analysis gauge
Daily time frame = Neutral (turning slightly bearish)
Weekly time frame = Neutral
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SPX500 - SHORT STRUCTURE IDEA (TARGET 4725)What's on the chart?
1) An old high that marked a strong year for 2023.
2) A rebound in a weekly FVG that earlier served as a bullish signal for prior trading sessions.
3) In the process of that rebound, a 4H bullish FVG was formed which will serve as our target area + fibs.
4) The 2023 high was broken.
5) IMPORTANT: the new high wasn't taken out. Hmmm.. suspicious. That to me is a sign of weakness from the bulls.
6) On this flop of bullish momentum, a bearish 4H FVG was formed.
7) Market structure shift with a low taken out. Do we expect a rebound? Well I don't know. I'm not here to claim that I predict the future like most twitter gurus will imply. But if it does, this is how I see the rest go down.
8) A rebound in the 4H FVG, this is crucial for a short setup because it would imply a lower high. Super important!! Price doesn't need to go that high though to find a short setup. We could just break our imaginary trendline and that's it.
9) The descent into the abyss of short profits (or liquidations lol).
Bullish Megaphone Backtest (Update)Please Do your DD as this is not a financial advice
The CPI report came in hotter than expected but still seems to be going down now at 8.2 from the June Peak of 9.1. I am reminded at the depths of covid how everyone was negative and bearish but the few who bought then made a lot of gains. I am still cautiously optimistic that this is a back test of the bullish megaphone structure that I posted a while ago and will be looking to see how it holds. However if it doesn't hold this trend line we could be headed for a deeper recession. Looking at the Put call ratio, the Macd, the amount of stocks under the 200 MA, we could have bottomed or nearing the bottom. Please do your own research.