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Nightly $SPY / $SPX Scenarios for May 2, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 2, 2025 🔮 🌍 Market-Moving News 🌍 🇺🇸 Rising Unemployment Claims Signal Labor Market Softening Initial jobless claims increased by 18,000 to 241,000 for the week ending April 26, marking the highest level since late February. Continuing claims also rose to 1.916 million, indicating potential cracks in the labor market. 🏭 Manufacturing Sector Contracts Amid Tariff Pressures The ISM Manufacturing PMI fell to 48.7 in April from 49.0 in March, indicating a second consecutive month of contraction. Tariffs on imported goods have strained supply chains and elevated input prices, contributing to the downturn. 📉 Construction Spending Declines Construction spending decreased by 0.5% in March, reflecting reduced investments in both residential and nonresidential projects. This decline suggests caution in the construction sector amid economic uncertainties. 📊 Mixed Signals from Manufacturing Indices While the ISM Manufacturing PMI indicates contraction, the S&P Global Manufacturing PMI remained steady at 50.2 in April, suggesting stability in some manufacturing segments despite broader challenges. 📊 Key Data Releases 📊 📅 Friday, May 2: 💼 Nonfarm Payrolls (8:30 AM ET) Provides insight into employment trends and overall economic health. 📈 Unemployment Rate (8:30 AM ET) Measures the percentage of the labor force that is unemployed and actively seeking employment. 💰 Average Hourly Earnings (8:30 AM ET) Indicates wage growth and potential inflationary pressures. 🏭 Factory Orders (10:00 AM ET) Reflects the dollar level of new orders for both durable and nondurable goods, indicating manufacturing sector strength. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
XAUUSD Technical Analysis: Bullish and Bearish ScenariosGold (XAUUSD) has exhibited a strong bullish impulse, breaking out of established channel structures. Following a sharp ascent, the price action has entered a consolidation phase near recent highs. This analysis explores potential scenarios based on technical patterns, key levels, and underlying market psychology. Chart Analysis and Market Psychology The chart displays a distinct uptrend characterized by ascending channels. Recently, XAUUSD experienced a significant upward thrust, breaking decisively above the shorter-term orange channel. This move reached the projected target derived from this channel's height, near the 3405 level. Following this peak, price action has formed a tighter consolidation range. This pattern, occurring after a sharp rally and on potentially decreasing volume (as is common in such formations), resembles a bullish continuation pattern, such as a pennant or flag. From a market psychology perspective, this suggests a temporary equilibrium: Buying Pressure: Bulls who drove the initial breakout may be pausing, absorbing profits taken by earlier entrants, or accumulating new positions in anticipation of further upside. The sharp nature of the preceding rally indicates strong underlying demand and potentially FOMO (Fear Of Missing Out) among participants. Selling Pressure: Sellers are attempting to cap the rally, potentially taking profits or initiating short positions. However, the observation that dips below 3259 were quickly bought suggests that selling pressure has been relatively weak compared to the buying interest defending this level. This rejection indicates that market participants still perceive value at or above this zone, viewing it as a potential support level following the breakout. The key level currently in focus appears to be around 3259. The price interaction with this level could be crucial in determining the next directional move. Bullish Scenario Conditions: For a bullish continuation, the price would ideally need to hold above the 3259 support level. A decisive breakout above the upper boundary of the current consolidation pattern would serve as confirmation. Psychology: This outcome would suggest that the consolidation phase was indeed accumulative, with buyers absorbing selling pressure and preparing for the next leg higher. It would reinforce the "impatient bulls" and "weak bears" narrative. Potential Targets: A retest of the recent highs near 3405. The target derived from the breakout of the medium-term turquoise channel, located near 3640. Given the aggressive nature of the preceding rally, an overshoot towards the higher projection at 3839 might become a possibility if bullish momentum remains exceptionally strong after breaking 3640. Bearish Scenario Conditions: A failure to hold the 3259 level, coupled with a break below the lower boundary of the consolidation pattern, could signal a potential reversal or a deeper pullback. This might involve price re-entering the previously broken orange channel. Psychology: This scenario would suggest that the buying pressure was insufficient to sustain the breakout, potentially indicating a "bull trap" or simply a more significant profit-taking wave overwhelming demand at current levels. Potential Support Zones: The upper trendline of the orange channel (acting as support after being resistance). The primary uptrend line (lower boundary) of the orange channel. The channel line (upper boundary) of the broader turquoise channel, which could coincide with the orange channel's lower boundary, potentially forming a confluence of support. Concluding Remarks XAUUSD is at a potential juncture following a strong bullish breakout. The current consolidation pattern holds the key to the next immediate move. Holding above 3259 and breaking the consolidation high could pave the way for further upside towards targets at 3640 and potentially 3839. Conversely, a failure to maintain support at 3259 might trigger a pullback towards the support levels defined by the underlying channel structures. Traders often watch volume closely during the resolution of such patterns for confirmation. Disclaimer: This report is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any asset. Trading involves risk, and decisions should be based on your own research and risk tolerance.  
OANDA:XAUUSDLong
by AccumulationPro
Fall Down to $70 ApproachingWith the RSI above average since mid-April 2025, the trend has been steadily rising up to $82 per share even breaking the highs from late February and March. Price projected onto both (A and B) Inside pitchforks is well above the median line. In the pitchfork A the price is even directly touching the upper parallel line. Reversal near the highest achieved price this year on 21st February is probable Based on these indications, we can expect a fall to around $70 somewhere in the middle of May. Key details: RSI over "overbought" level Price in both Inside pitchforks near the upper parallel line Longer uptrend = breakdown necessary
NYSE:UBERShort
by Tears_of_Yeltsin
NZDCAD: One More Bearish Forex Pair 🇳🇿🇨🇦 One more CAD pair that looks strongly bearish to me is NZDCAD. Price action analysis speaks out loud on a daily. The market was rallying nicely and started to slow down, approaching a key horizontal resistance. The price started to consolidate and dropped then violating multiple horizontal supports and a rising trend line. With a high probability, the market will drop even lower. Next support - 0.81 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
USDJPY Daily & H4 Forecasts, Technical Analysis & Trading IdeaTechnical analysis is on the chart! No description needed! FX:USDJPY ________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
17
Nightly $SPY / $SPX Scenarios for May 1, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 1, 2025 🔮 🌍 Market-Moving News 🌍 🇺🇸 Q1 GDP Contraction Raises Recession Fears The U.S. economy shrank for the first time in three years, down 0.3% in Q1. Weaker government spending and a rise in imports ahead of Trump’s tariff policies are weighing on growth outlook. 📈 Big Tech Lifts the Market Strong earnings from Microsoft ( NASDAQ:MSFT ) and Meta ( NASDAQ:META ) have boosted sentiment. Meta’s revenue guidance and capex surge point to aggressive growth positioning in AI and infrastructure. 🏛️ Treasury Refunding Outlook in Focus Markets are watching the quarterly refunding announcement for clues on upcoming bond issuance. This could influence rate volatility as the Treasury balances deficits and market demand. 🌐 Risk-On Mood Despite Macro Headwinds Global stocks notched a 4-week high as traders bet on resilient earnings and central bank policy steadiness, even as U.S. macro data softens. 📊 Key Data Releases 📊 📅 Thursday, May 1: 📈 Initial Jobless Claims (8:30 AM ET) Tracks new unemployment filings – a key gauge of near-term labor market stress. 📈 Continuing Jobless Claims (8:30 AM ET) Measures ongoing unemployment benefit recipients, reflecting persistent joblessness. 🏗️ Construction Spending (10:00 AM ET) Reports monthly change in total construction outlays — a direct measure of real economy investment. 🏭 ISM Manufacturing PMI (10:00 AM ET) Provides a snapshot of U.S. factory activity. Readings below 50 suggest contraction. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYLong
by TrendTao
TradeCityPro | ENSUSDT Huge Breakout Coming? 👋 Welcome to TradeCityPro Channel! Let’s dive in and analyze one of the DeFi coins, ENS, together. It’s been performing well recently and has some exciting news! 🌐 Bitcoin Overview Before starting the analysis, I want to remind you that, as per your request, we’ve moved the Bitcoin analysis from the main section to a separate daily analysis. This allows us to discuss Bitcoin’s status in more detail and analyze its charts and dominance together. This is the general analysis of Bitcoin dominance, which we promised to cover separately and analyze in longer timeframes. 📊 Weekly Timeframe In the weekly timeframe, ENS is one of the bullish coins in the market with a promising outlook. It began its main upward movement before the start of 2025, back in late 2023. After breaking the 9.99 level, we entered the main uptrend, and we can say that we broke the market cap ceiling, achieving a new ATH market cap. We’re also riding a bullish curved line that acts as support. If this line is broken, it signals a weakening of the main uptrend. A drop below 15.90 would indicate a trend change in the MWC (Market Wide Correction). Currently, our key weekly support has shifted. We were supported at 13.15, easily moving past this level. Our spot exit trigger is now 13.15, whereas last week it was 15.90. 📈 Daily Timeframe In the daily timeframe, after a rejection from the ATH at 47.68, we entered a range box between 30.75 and 37.77. After some weak movements toward resistance, we saw a corrective wave. Following a daily engulfing candle that covered the previous three candles, we experienced a sharp downward wave to 13.49. After that, seller pressure seemed to fade, and buyers stepped in. After a fake breakout at 13.49, we saw a move up to 18.41. Additionally, the trendline formed during the recent declines in this chart was broken after the support at 13.49. However, since the trigger hasn’t been activated yet, we’re not acting on this trendline for now. But if 18.41 is broken, you could consider a risky spot buy. ✍️ Final Thoughts Stay level-headed, trade with precision, and let’s capitalize on the market’s top opportunities! This is our analysis, not financial advice always do your own research. What do you think? Share your ideas below and pass this along to friends! ❤️
Long
by tradecitypro
3
ETH ANALYSIS🔮 #ETH Analysis  🚀🚀 💲💲 #ETH is trading between support and resistance area. There is a potential rejection again from its resistance zone and pullback from trendline. If #ETH sustains above major resistance area then we will a bullish move till its major resistance area 💸Current Price -- $1,755 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #ETH  #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
2
Gold Regains Momentum Key Trading Setups Ahead of Volatile Week📌 Gold Regains Momentum – Key Trading Setups Ahead of Volatile Week 🔥📊 📈 Technical Overview Gold (XAU/USD) started the week with a strong recovery after last week’s sharp drop. Price is currently stabilizing near the major support zone around 3,274 – 3,292, forming a fresh consolidation range that could lead to a bullish continuation — if key support holds. Last week’s weaker-than-expected US employment data weakened the Dollar Index (DXY), supporting a rebound in gold. However, the market remains cautious ahead of today’s ADP Non-Farm Employment release, which could serve as a directional catalyst. So far, gold is trading sideways, with mild corrective pullbacks, waiting for clear confirmation from upcoming data. 🔍 Key Support & Resistance Levels Resistance: 3,336 – 3,352 – 3,357 – 3,366 Support: 3,305 – 3,292 – 3,274 🎯 Trade Setups for Today 🔵 BUY ZONE Entry: 3,274 – 3,276 SL: 3,270 TP: 3,284 → 3,291 → 3,301 → 3,336 📝 A deeper dip into the 3,274 area could offer another long opportunity, but confirmation is key before entering. 🔴 SELL ZONE 1 Entry: 3,350 – 3,352 SL: 3,356 TP: 3,346 → 3,342 → 3,338 → 3,334 → 3,330 → 3,320 📝 Watch for rejection near 3,350. If price fails to break above, this zone could offer a solid intraday short. 🔴 SELL ZONE 2 Entry: 3,366 – 3,368 SL: 3,372 TP: 3,362 → 3,358 → 3,354 → 3,350 → 3,345 → 3,340 📝 If price is unable to hold above 3,366 resistance, look for sell opportunities targeting a drop back to 3,350 and below. ⚠️ Important Notes Today’s session may be volatile due to ADP Non-Farm Employment expectations. Geopolitical tension in Asia may also impact gold, so remain alert to surprise headlines. Apply strict SL/TP risk management as markets prepare for Friday’s NFP release. ✅ Conclusion We’re entering a pivotal session where gold is testing key zones just ahead of critical employment data. Use tight stops and clear confirmations for all trades. 🚨 Trade with discipline — stay patient, and be prepared for volatility. 💬 What’s your setup for today’s gold session? Watching for a breakout or fading the highs? Drop your view below! 👇👇👇
OANDA:XAUUSDLong
by MMFlowTrading
2
Microsoft in Focus Ahead of Key Earnings, AI Outlook Under WatchMacro: - Microsoft (MSFT) climbed on cautious optimism ahead of major earnings and economic data. - Four of the “Magnificent Seven,” AMZN, AAPL, META, and MSFT, are set to report, with investors focusing on Microsoft (MSFT) today. - Wall Street expects EPS of 3.22 USD and revenue of 68.44 B USD, both up YoY. Microsoft’s strength in AI, cloud, and enterprise software, along with its continued investment in AI talent and solid dividend history, makes this a closely watched report. - Key drivers will be its results, AI/cloud growth outlook, and forward guidance, while any surprises could shift the stock sharply. Technical: - MSFT recovered and tested the resistance at around 396, confluence with EMA78. The price is sideways, and we await a clearer breakout to determine the following direction. - If MSFT breaks above 396, the price may approach the following resistance at 405, confluence with the 100% Fibonancci Extension. - On the contrary, remaining below 396 may prompt a retest to the support at around 378, confluence with the broken descending channel. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
NASDAQ:MSFTLong
by DatTong
Gold in Focus: Tight Range Before Major US Data 🌐 Gold in Focus: Tight Range Before Major US Data – Time to Prepare for the Storm? Gold (XAU/USD) is currently trapped within a narrow consolidation zone, with traders across global markets awaiting critical economic events in the second half of this week. The bounce from the 3290–3270 support zones confirms strong buying interest, yet bulls seem cautious ahead of the ADP employment report today and the all-important Nonfarm Payrolls (NFP) on Friday. Despite dovish signs from recent labor data and declining US bond yields, gold has not been able to regain strong upward momentum. This hesitance is attributed to mixed market sentiment fueled by ongoing US-China trade negotiations, potential interest rate outlook shifts from the Fed, and end-of-month positioning across major asset classes. 💼 What’s happening behind the scenes? US 10Y yields dropped, signaling weaker inflation outlooks — usually bullish for gold. DXY remains fragile but still attracts safe-haven inflows amid global political tensions. Investors are cautious ahead of back-to-back economic events and might delay large trades until Friday. With a bank holiday looming in Asia and Europe tomorrow, liquidity could tighten and amplify volatility. Gold might continue trading in a compressed range between 3274–3357 until NFP injects a fresh directional impulse. 🔍 Technical Roadmap: 🔺 Resistance Levels to Monitor: 3328 3336 3352 3357 3366 🔻 Support Levels to Watch: 3305 3292 3274 📌 Trade Strategy (30m–1H timeframe bias) 🔵 BUY ZONE A 📍 Entry: 3292 – 3290 🎯 SL: 3287 🎯 TP: 3295 → 3300 → 3304 → 3308 → 3315 → 3320 🔵 BUY ZONE B 📍 Entry: 3275 – 3273 🎯 SL: 3268 🎯 TP: 3280 → 3284 → 3286 → 3290 → 3300 🔴 SELL ZONE A 📍 Entry: 3350 – 3352 🎯 SL: 3356 🎯 TP: 3345 → 3340 → 3336 → 3332 → 3320 🔴 SELL ZONE B 📍 Entry: 3365 – 3367 🎯 SL: 3371 🎯 TP: 3361 → 3357 → 3352 → 3347 → 3340 📣 Final Thoughts: We are in the "calm before the storm" phase. Price is coiling in tight ranges with declining volume and momentum. Today's ADP report could trigger intraday volatility, but major players may still remain on the sidelines until Friday's NFP. As it’s also the last day of the month, be alert for liquidity grabs and potential stop hunts. Stick to your risk management plan and avoid revenge trades in volatile setups. 🛡️ Stay patient. Trade smart. Let the market reveal the direction.
OANDA:XAUUSDLong
by MMFlowTrading
EURGBP Short SetupEURGBP Short Setup 4H Chart Trendline Breakdown and Retest Entry : 0.84944 Stop Loss : 0.86678 Take Profit : 0.83310 RR 1 to 1.9 Market broke below the ascending support and retested the underside of a broken trendline confluence. Bearish pressure is building as price fails to reclaim 0.85396 zone. Clean structure for continuation to the downside. Price is now respecting lower highs with momentum shifting beneath structure. This setup targets the previous demand zone near 0.833 region where price consolidated before the last impulse up. As long as price holds below 0.854 zone, bearish bias remains valid.
Short
by wolfchemist