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SPx (Correction after rally or finished) Technical Analysis of SPx the price will move under the NFP and the Unemployment rate pressure, so the movement will be huge for the indices. Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5260, potentially pushing up to 5302. If the price surpasses this level, it may indicate the start of a new bullish trend of about 5347. but right now as long as the price trades above 5347 means will try to touch 5378 as well. Bearish Scenario: if the price breaks 5347 means will drop to touch 5320 and then downward should break the support zone which is 5301 to get 5259 Pivot Line: 5347 Resistance Levels: 5378, 5400, 5423 Support Levels: 5320, 5302, 5260 Today’s expected trading range is between the support at 5301 and the resistance at 5423. Market Concentration Hits Record Levels with Microsoft NASDAQ:MSFT , Nvidia NASDAQ:NVDA , and Apple NASDAQ:AAPL For the first time since at least 2000, three U.S. stocks—Microsoft Corp., Nvidia Corp., and Apple Inc.—now account for over 20% of the S&P 500's total value, according to Dow Jones Market Data. This means that these three companies alone are worth more than hundreds of other constituents combined, as highlighted by data from Bespoke Investment Group. Historically, increasing concentration in a few large-cap stocks has often coincided with stronger overall returns for the S&P 500. However, the rapid rise in the values of these tech giants is causing some concern among investors. Even those who have been bullish are starting to feel uneasy about the growing dominance of these few stocks within the index.
OANDA:SPX500USDLong
by SroshMayi
SPx (Affect of GDP...)Technical analysis of SPx The price dropped from its resistance line at 5320 and is now consolidating between 5266 and 5226. Today, we anticipate significant market volatility with the GDP results expected at 1.2%. The price will likely touch 5266 before dropping towards 5226. If the price stabilizes below 5226, it will support a further decline towards 5192, entering a bearish territory. Conversely, breaking above 5266 will support a rise towards 5300 and 5320. Pivot Line: 5266 Resistance Levels: 5285, 5305, 5325 Support Levels: 5226, 5193, 5160 Today’s expected trading range is between the support at 5192 and the resistance at 5266. previous idea:
OANDA:SPX500USD
by SroshMayi
BTCUSD Price Action Apex| Daily S/R| Trend| Volume Evening Traders, Today analysis – BTCUSD- trading in a price action apex where a breakout is imminent, Points to consider, - Price Action Impulsive - Dynmic S/R Support - Daily S/R Resistance - Low Volume BTCUSD’s immediate price action is impulsive trading in an apex where a breakout is imminent – allowing for a long bias. The current Dynamic S/R is support, respecting this level is critical for bullish momentum The current volume profile is below average, an influx is needed for a true breakout Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “However, market analysis is not the path to consistent results. It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus.” ― Mark Douglas
BYBIT:BTCUSD.PLong
by AzizKhanZamani
KISS the Channel Pattern I'm new to posting my ideas here. However, after watching the market for quite a while, I believe that simplicity in this market is the best indicator. Keep It Simple, using simple pattern formations like 'Head and Shoulders,' Pennants, Wedges, and Channels will help to determine which direction the market is going from big scale to small scale, depending on whether you're a long-term or short-term trader. Indicators that I use are basically the simplest crowd sentiment indicators, but these are the simplest kind because these markets are directly a result of sentiment. There is nothing else to drive these markets. There are no earnings. There are no profit/loss statements. There's only market cap and sentiment. So if we use the simplest indicators to indicate the sentiment of what's going to happen in this Bitcoin market, we watch Bitcoin moving along in an upwards channel after a consolidation period. You can see another simple pattern forming - a pennant. And if you watch the market closely, you'll notice that the small pennant forming along the inside channel will sort of indicate that consolidation to the lower side of the channel, and this gives you a quick indication as to which way the sentiment on the market is going to go. Watch for this pennant to form and break out to the up or down side of it to give you a quick look at which way the market's going to go over the next day or two.
COINBASE:BTCUSDLong
by frogwraps