Hey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 4060 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
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there appears to be lot of confluence with bullish continuation on dxy. broke resistance and holding a long term level of support that dates all the way bac to 1970. just hit the .786 on the fib and rhymes well with previous bull run. be patient if this continues upward be expecting crypto to drop further, view the correlation on my previous post. (safe trading)
RSI has fallen back under 70 & ADX is rising. Selling could become a STRONG TREND as the dollar rebounds with rising yields. Expecting a $VIX spike to occur if $DXY continues upward. Staying HEDGED for the DEBT BUBBLE implosion with $UVIX $UVXY $HDGE $TZA
What's next for #Stocks? The $DXY rally off Jobs report ought to be short lived with short positions closed by midweek. Expecting a short pullback (~3975) before retesting the weekly range high late February ~4350. From there, FOMC will dictate risk appetite. #SPX #Investing Follow me on Twitter (www.twitter.com)
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 BTC 🔽 ETH 🔽 The US economy has shown remarkable resilience through robust data, with Nonfarm payrolls readings of 517,000, exceeding Mitrade's expectations of 185,000. As a result, investors are less worried about a recession than continuing rate hikes from the Federal Reserve. The greenback then...
Daily RSI bounced back just above 30 with a rising ADX indicator. Most everything seems to be at overbought conditions as Fed policy is still tightening. Yields up, Dollar up, speculative assets DOWN. Small caps don't stand a very good chance of profiting in a deflationary environment. Expecting more bankruptcies, layoffs, & defaults. Indexes could fall hard...
Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Volatility S&P 500 Index (VIX). In this chart, you can see the VIX moving along a support trendline. When the VIX spikes upwards that means the markets (specifically S&P 500; generally all markets) start to move downwards. Every few years the VIX starts to slowly...
DXY looks to get rejected from the 200 MA on the 4HR! ES1! needs to hold this support and bounce up to see a continuation of the Bullish action! Lets see how this week plays out! Good Luck Out there!
TVC:DXY Taking a look at the DXY here on the weekly and daily
Looking at the H4 chart, my overall bias for AXISBANK is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 908.00, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 970.00, where the recent swing high is. Take profit will be at 702.30, where the overlap...
With NFP adding 257k jobs last week Friday the greenback increased by 1.23% which correlated to further oil decline after supply stood their ground a week prior. As price approaches a major support level at 73.58, a rejection would see buys towards 76.70-77.43 range if price fails to break 72.43 If 73.58 holds as a major resistance and price breaks 72.43, I see...
Not a whole lot of commentary on this. It looks like we are in a wave 4 of 5 of a higher degree 3rd on Amazon. I would look for a buy opportunity if it hit those confluences around $60-65. Would look at a possible 5 of 3 inbound at that point. Just my perspective.
Short entry $126, SL on $150 and TP $80. Enjoy the ride.
symmetrical triangle short term opportunity for upside
Ascending triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis..
symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis..
The VBK small cap growth ETF is showing 305 price target on Stockcharts.com P&F, which would be 32% above Friday 2/3 close. On the monthly Chart (not shown) VBK has posted a .618 retrace from 3/20 the low to the 11/21 high; .382 resistance is the next level on the monthly is 236.68. On the daily chart (not shown), we have a 21/50 EMA daily crossover, but the 50...