Trend Analysis
USTEC Sell Limit Trade Idea⏳ Expires: 02/04/2025 - 12:00
Market Outlook
A 5-wave bearish count has completed at 18,818, indicating potential downside.
The 261.8% Fibonacci extension from 20,363 to 19,765 is located at 18,796, reinforcing bearish momentum.
Equities opened higher due to an overnight positive theme, but previous support at 19,423 has now turned into resistance.
Trade Details
Entry (Sell Limit): 19,415
Stop Loss: 19,555 (-140 points)
Take Profit: 19,125 (+290 points)
Risk/Reward Ratio: 2.07:1
Key Levels
Resistance:
R1: 19,415 (Bespoke Resistance)
R2: 19,423 (Previous Support Turned Resistance)
R3: 20,636
Support:
S1: 19,157
S2: 19,124
S3: 18,796 (Fibonacci Extension Target)
Technical & Fundamental Factors
✅ Bearish 5-Wave Count Completed – Suggests potential for further downside.
✅ Fibonacci Resistance at 18,796 – Aligns with key technical levels.
✅ Previous Support Turned Resistance – 19,423 may act as a rejection zone.
⚠️ ISM Manufacturing PMI Release (01/04/2025 at 15:00) – Potential market-moving event to watch.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
KEEP TRADING SIMPLE - NVDYGood Morning,
Hope all is well. Love these dividend ETFS - always have some floating around in my portfolio.
Here we have NVDY starting to max out in volume. NVDY tracks options with the NVIDIA stock but also pays out some nice dividends on a monthly basis.
Since I am unsure of the market bottom at this moment it is one I will collect short term and assess when we get to our resistance. Since I know the market has a short term bullish trend I will take advantage of it.
Thanks
Gold H1 | Potential bullish bounceGold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 3,113.30 which is a pullback support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 3,087.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement.
Take profit is at 3,161.57 which is a level that aligns with the 100.0% Fibonacci projection.
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NIO Wave Analysis – 31 March 2025
- NIO reversed from support zone
- Likely to rise to resistance level 4.00
NIO recently reversed from the support area located between the multi-month support level 3.60 (which has been reversing the price from April of 2024) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the C-wave of the earlier intermediate impulse wave (B).
Given the strength of the support level 3.60 and the oversold daily Stochastic, NIO can be expected to rise to the next round resistance level 4.00 (former strong support from January).
When will gold's continued highs peak?In terms of the short-term operation strategy for gold, it is recommended to do more on pullbacks and short on rebounds. The short-term focus on the upper side is the 3128-3130 line of resistance, and the short-term focus on the lower side is the 3100-3097 line of support.
Operation strategy reference:
Short order strategy:
Strategy 1: Short (buy short) two-tenths of the position in batches near the rebound of gold around 3127-3130, stop loss 3140, target around 3115-3105, and look at the 3100 line if it breaks;
Long order strategy:
Strategy 2: Go long (buy up) two-tenths of the position in batches near the pullback of gold around 3100-3102, stop loss 3090, target around 3120-3128, and look at the 3140 line if it breaks;
GBP/JPY Bearish Rejection – Short Trade Setup!🔹 Trendline Rejection ❌📈
Price tested the descending trendline and got rejected.
Bearish pressure increasing! 🚨
🔹 Resistance Zone (📍193.6 - 194.0) 🔵
Strong selling zone 📉
Stop Loss placed at 194.013 🚫
🔹 Support Zone (📍193.0) 🟦
Price might bounce here temporarily 🤔
If it breaks below, expect further drop 🚀📉
🔹 Target Level (📍192.311) 🎯
Bearish Target ✅
Ideal Take Profit 🏆
Trade Setup 💼
🔸 Entry: 📍193.5 - 193.6 📉
🔸 Stop Loss: ❌ 194.0 🚫
🔸 Take Profit: ✅ 192.3 🎯
Final Verdict: Sell Setup Active! 📉🔥
Watch for confirmation before entering! 👀🚀
Russell 2000: Squeeze Potential BuildsWith uncertainty surrounding U.S. trade policy about to be resolved and price signals turning bullish, the ingredients for a squeeze in Russell 2000 futures are now in place.
Unlike other stock indices with far larger constituents, U.S. small caps have lagged this week’s rebound—potentially due to recession concerns, which wouldn’t help unprofitable cyclical firms tied to the broader economy.
However, while fundamentals point to downside risks, recent price signals have been more constructive. Monday’s hammer candle formed after a reversal from known support. While Tuesday’s doji signaled indecision, it still closed slightly higher, with strong volumes going through.
While signals like RSI (14) and MACD remain in negative territory, bearish momentum is starting to ebb, suggesting we may be in the early stages of a turn.
Those considering bullish positions could look to establish entries above 1994.8 with a stop beneath for protection. Rallies over the past two sessions have fizzled around 2040, making that an initial focal point. If sellers there are overrun, it could encourage others to join the move, looking for a retest of horizontal resistance at 2132.5.
Good luck!
DS
Double Bullish Divergence Flashing on $SPY and $QQQWe’re spotting a double bullish divergence across two major indices: the S&P 500 ( AMEX:SPY ) and the NASDAQ 100 ( NASDAQ:QQQ ).
On both daily charts:
Price is making lower lows, signaling continued downward pressure.
Meanwhile, the RSI is forming higher lows, revealing a potential loss of bearish momentum.
This kind of setup often precedes a trend reversal or strong relief bounce, especially when observed across multiple indices at once. The fact that both AMEX:SPY and NASDAQ:QQQ are flashing the same signal gives added confluence and strength to this potential move.
Divergence = a potential bullish signal
Watch for confirmation: break of previous highs or strong bullish candles.
Caution: divergences don’t always play out — wait for confirmation before going long.
Are we looking at the bottom forming? 👀
Stay alert. A shift in sentiment could be underway.
Will DNUT test $1.86? Looks like DNUT will continue to go lower before going back up.
I like buying at $2.75 - $2.25 range and scale into a trade as price gets to $1.86
Have some before it goes back to it's fair market value or tangible book value $6.68
Feels like more down before an upwards move back to the upside