Dow JonesDJI Chart
Checking some TA, which I should have done more thoroughly on SPY, I would have seen the obvious TA screaming we go higher.
Both the SPY and DJI technicals are stating we go higher. RSI, MACD, MFI, and 50MA are pointing to higher moves in the market. In fact, taking a look at the 10YR is another confirmation of where we're heading.
Us100
NASDAQ Double bullish targetNasdaq / US100 is consolidating around the 4hour MA50. It is a similar Cup and Handle pattern with August 24th.
Buy and target 15050 (4hour MA200). Then wait for a 1day pull back. Re-buy and target 15330 (Fibonacci 0.382) under the Falling Resistance.
RSI patterns identical, both showing we are in the phase of the 4hour MA50 consolidation.
Previous chart:
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divergence on us30 and us100just now
we can see bearish divergence between us30 and us 100 i took it as additional confirmation to expect us100 or nas100 price to go lower and mitigate 4h fvg and then going up as the price already on discount array, sell side liquidity taken and now offering buy side liqudity
dyor and keep safe
NQ1! NAS100USD NASDAQ Analysis dated 2023 Oct 02NQ1! NAS100USD NASDAQ 2023 Oct 02
Analysis from 02 Sep 2023 short scenario worked out well for the month.
- market broke down the upward channel (black dash)
- Supply is present on Friday's bar
- Wait for reaction to demand line of upward channel (blue highlight, set alarm)
Possible scenarios:
1) Market returns into upward channel and is supported = Long on test and accept
2) Short on rejection if bottom of channel becomes resistance.
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16255 15801 15283 14804 13960
*Longer term: 13350 support must hold for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: Ave vol up bar close level with previous bar = NTC, Minor support
Daily: S>D weak close up bar.
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week.
NAS100...Process Your Entries CorrectlyOANDA:NAS100USD
Over the past few years, I have analyzed my methods for entering trades and as I have developed, I have discovered a few key mistakes that most traders make.
1. Do no chase the price : Analyze properly and wait for your entry...most traders react negatively when price does not arrive at their target and panic and jump in because of fear of missing out (FOMO).
2. Patience always wins: An alligator/crocodile never chases its prey, it simply waits for it to come to the nile to drink and then it pounces for the kill...Wait wait wait...
3. You cannot enter a buy if the price is already at a high and likewise you cannot enter a sell if the price is already at a low...you must wait for the retracement.
3. Stop thinking that you need a lot of money to be successful at trading...you can start with as little as $50 and grow it to over $4,000 in a month using a fully developed strategy.
4. In order to become the 5% of successful traders, you must be willing to do what 95% of traders will not do and that is have tremendous patience.
#aubersystem
#auberstrategy
#whywewait
#patience
#finishthemove
#nosetupnotrade
no setup = no trade
Bull run continuationSo if we look the H4 chart we clearly see a nice bullish momentum, starting from there we will go on the lower time frame to look for my personnal pattern that i found working most of the time on the US100 chart. On the H1 time frame i can clearly mark the zone of my patterns and place my stop loss and take profit base of the pattern. I won't tell the pattern here of course but you can ask me in private.
Process your Entries CarefullyOANDA:NAS100USD
Over the past few years, I have analyzed my methods for entering trades and as I have developed, I have discovered a few key mistakes that most traders make.
1. Do no chase the price : Analyze properly and wait for your entry...most traders react negatively when price does not arrive at their target and panic and jump in because of fear of missing out (FOMO).
2. Patience always wins: An alligator/crocodile never chases its prey, it simply waits for it to come to the nile to drink and then it pounces for the kill...Wait wait wait...
3. You cannot enter a buy if the price is already at a high and likewise you cannot enter a sell if the price is already at a low...you must wait for the retracement.
3. Stop thinking that you need a lot of money to be successful at trading...you can start with as little as $50 and grow it to over $4,000 in a month using a fully developed strategy.
4. In order to become the 5% of successful traders, you must be willing to do what 95% of traders will not do and that is have tremendous patience.
#aubersystem
#auberstrategy
#whywewait
#patience
#finishthemove
#nosetupnotrade
no setup = no trade
NASDAQ Triple buy signal on the short term.Nasdaq hit yesterday the Falling Support of the Falling Wedge pattern as well as the Rising Support and is posting today the 2nd straight green (1d) candle.
At the same time, the RSI (1d) formed a Double Bottom.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15300 (Falling Resistance and 0.786 Fib).
Tips:
1. The RSI (1d) is under a Falling Resistance. If crossed over we may start having a case for resuming the bullish trend.
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US100 | Market outlooknvestors focus on the actions of the US Federal Reserve in the face of a significant decline in inflation, cooling of the labor market, and instability of the banking sector. Thus, Treasury Secretary Janet Yellen said that after the bankruptcy of Silicon Valley Bank and Signature Bank last month, conditions for access to credit could tighten, which would put pressure on the economy but save the regulator from the need to further increase interest rates. The official also noted that the current economic sanctions against Russia and several other countries may carry risks for the dollar as a world reserve currency if an alternative is found for it.
Possible move towards 15154 - 15967.
Nasdaq 15m long Prediction for 26/09/23Nasdaq Currently training above Support Zone on a daily , Daily Candlestick (25/09/23) Closed high , So during the Sidney & Asian market could possibly consolidate , and except market to start making a bear move during the London session . Possible buy level between the 50% & 61.8% Fib level.
NASDAQ Last chance to recover.Nasdaq/ US100 is trading exactly at the bottom (Rising Support) of the Channel Up.
Being under the 1day MA100, this is its last chance to recover. A crossing under it, sets in motion a decline to the 1day MA200 and we should look for a bottom after the 1day RSI gets oversold under 30.00.
A Channel Down can be the driving pattern to the 1day MA200 and we should also consider the Fibonacci retracement levels since the Channel Up started. The 0.382 Fibonacci fits ideally a touch on the 1day MA200.
As long as the 1day candle is closing inside the Channel Up, buy (very low risk now) and target 15,940 (Resistance). If it breaks, sell and target 14,100.
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NAS100 US100 Technical Analysis and Trade Idea NASDAQTaking a look at the NAS100 currency pair, a significant development comes to light: it has reached a pivotal support level following a substantial bearish trend. At this juncture, it becomes increasingly evident that the NAS100's price has over extended, potentially indicating an imminent retracement.
As is customary, the accompanying video in this description provides an examination of critical factors, encompassing aspects such as price action, market structure, and various essential elements of technical analysis. It is essential to underscore that the information conveyed in this content is exclusively intended for educational purposes. Under no circumstances should it be interpreted as financial advice. Consequently, it remains of utmost importance to implement rigorous risk management strategies when engaging in trading endeavors.
Dow Jones Index (US30): Important Breakout & Bearish Outlook
An important thing happened on US30 Index.
First, the index broke and closed below a major rising trend line
and closed below that on a daily.
Second, a key horizontal support was also broken yesterday.
The broken support and a trend line compose the expanding sell zone.
I suggest shorting the Index from there, expecting a fall to 33700 support.
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NASDAQ Is this what the markets fear the most?More than a month (August 16) ago we called for caution on Nasdaq (NDX) after calling for a short on the 1W MACD Bearish Cross formation (see chart below):
This analysis didn't receive the attention it should as it delivered bad news that market participants wanted to ignore. The 1W MACD Bearish Cross on such a high level hasn't been seen since 2021 and that brought memories of the Inflation Crash.
This week the index broke below the 1D MA100 (red trend-line) for the first time in 6 months with the 1W RSI turning neutral below 55.00 after being massively overbought from late May to late July. So far this looks like a healthy (and much needed) correction, similar to the 1D MA100 hit-and-rebounds of October 26 2020, March 01 2021, May 10 2021, September 27 2021.
The common characteristic on all was that no 1W candle closed below the 1W MA100 and no selling sequence broke below the Support provided by the first candle that approached or hit the 1D MA100. This time that Support is at 14550. So far the current pattern resembles more the August - October 2020 fractal as the 1W MACD Bearish Cross is the widest while also formed after an incredible rally from the market bottom (it was the COVID flash crash recovery then). Check also the 1W RSI which is remarkably symmetrical.
Also every such fractal that didn't cause a crash, broke quickly above a Lower Highs trend-line. The only one that didn't was the market peak fractal of November 2021.
In our opinion, as long as Nasdaq holds the 14550 Support, it will become a buy opportunity the moment it breaks above the Lower Highs trend-line. In that case, we will resume our 16770 long-term Buy Target (and All Time High). If however it closes a 1W candle below the Support, we would expect a sharp sell-off to the 1W MA50 (blue trend-line), as it happened on the January 17 2022 candle. In that case we will need the fundamentals that will surround the market at the time, to determine the risk of buying at 13500 (projected contact level with the 1W MA50.
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US100 ~ 4H Bullish Pennant (1H update)CAPITALCOM:US100 tapped & held above confluence.
US Flash Manufacturing & Services PMI release could bring in some big swings in either direction...however intuition tells me majority of implied volatility will manifest next week with US data points:
Wed - CB Consumer Confidence
Thurs - Final GDP (q/q) | Unemployment Claims
Fri - Fed Chair Powell Speech | Core PCE Price Index (m/m) | Revised UoM Consumer Sentiment & Inflation Expectations
Play-by-play looks the way..
US100 is testing strong support level!The market had priced in the no rate changes, however, the FED members' expectation of one additional hike and keeping the rates high in 2024 created a downside pressure for the markets. Although the record of the FED members' predictions for these matters is very poor, the market decided to use this opportunity for the traditional sell party in September.
SKILLING:NASDAQ is testing a strong support level again. We have huge volume support here. Breaking here means visiting 13600 levels. Having said that, the initial reaction is positive, and OBV and RSI show some bullish signals.
I believe keeping the rates at the same level is a positive sign since it indicates a strong economy. I am expecting a strong rally until the FED realizes that they messed up and needs to cut rates. Then it would be very bloody!
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