NIKE: Bullish Flag, Possibly Beating Earning Estimate Again?Price Action Analysis on NIKE, Inc
On the Daily Timeframe, NKE is moving above EMA90. NKE is breaking out of the bullish flag pattern, indicating a possible bullish bias ahead. The Stochastic made a bullish divergence, signifying a possible upside movement to the target area.
Fundamental Drives
- China sales rebounded further due to ending its zero covid policy.
- Improving earning report, potentially beating earning estimate again.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NKE"
Us500
S&P500: U.S. Jobs Data Impact on Expected Fed Rate HikeOn the daily chart of the S&P 500, the Federal Funds futures indicate a probability of nearly 60% for a 50 basis point rate hike. Today's release of U.S. employment data may either reinforce the possibility of a 50 bps rate hike or tilt the balance towards a smaller increase of 25 bps. Experts predict that the U.S. economy will see the addition of around 200,000 new nonfarm jobs in February, with a projected increase in wages from 4.4% to 4.7%, and a steady unemployment rate of 3.4%.
Ideally, weaker U.S. jobs data would be preferable. Otherwise, the Federal Reserve may have to take action by implementing a 50 bps rate hike this month, which could speed up the decline in stock prices. If today's U.S. jobs data is below expectations, it may push back the anticipated Fed rate hike to 25 bps. On the other hand, if the employment data is strong, it will likely solidify the idea of a 50bp Fed rate hike later this month, resulting in higher yields and U.S. dollars but lower stocks.
US500 H4 | Reversal from 61.8%Looking at the H4 chart, price is currently approaching our sell entry at 3971, which is an overlap resistance along with the 61.8% Fibonacci retracement level. If price were to reverse, it could drop to our take profit level at 3907, which is an overlap support level and also aligns with the 38.2% Fibonacci retracement level. Our stop loss will be placed at 4021, which is an overlap resistance level along with the 78.6% Fibonacci retracement level.
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S&P500 Best buy signal since early January.The S&P500 index (SPX) is on a 1 week rebound following the March 13 Low which was made on Support Zone 2 and is so far on the bottom of the 5-month Channel Up. All candles have closed inside this pattern and as you see so far every bearish and bullish wave follows similar structure as the previous one.
We are near the best buy signal since January 06 as the 1D MACD is above to form a Bullish Cross. Our short-term target is the 1D MA50 (blue trend-line) and medium-term 4190 (near Resistance).
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US500, D1|Potential bearish breakoutBanking crises in the U.S. and Switzerland have shaken financial markets causing price to breakthrough 1st support
Entry: 3,858.85
Why we like it:
Price has broken through 1st support
Stop Loss: 4,052.71
Why we like it:
There is an overlap resistance
Take Profit: 3,755.50
Why we like it:
There is an overlap support
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US500 (SPX) Outlook 3/19Bearish on indices in general. Here are the areas I find interesting at this point. As indices are loosely inversely correlated with the dollar, this is in line with DXY outlook expecting dollar strength in the short term.
ES1! SPX500USD 2023 MAR 20
ES1! SPX500USD 2023 MAR 20
No trade for SnP last week since levels not reached.
Scenario Planning:
1) Trades will be guided by the channel
2) Long on support and accept of 3788 // 3893
Volume Analysis:
Weekly: High vol up bar close above middle = demand
Daily: No Supply ave vol down bar
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928
3788 3502-3580
Remember to like and follow if you find this useful.
Have a profitable trading week.
S&P500 Two targets on this newly started riseThe S&P500 made the first rebound on the bottom of the Channel Up.
Breaking over the MA50 (4h) has confirmed the short term bullish sentiment.
Trading Plan:
1. Buy this pull back as close to the bottom of the Channel as possible.
Targets:
1. 4000 short term (under the MA200 (4h)).
2. 4220 long term (top of the Channel Up and +11.00% rise).
Tips:
1. The MACD (4h) has formed the same pattern it did on the November 3rd and December 20th bottoms.
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Notes:
This is a continuation of this trading plan:
BITCOIN and S&P500 on similar fortunes. Target 64000 and 4900.his is not one of our usual analyses but we found a pattern that Bitcoin and S&P500 shared in the past and may replicate in the future now that the Bull Cycle has restarted.
Based on this the first target for both of them when the get out of a Bear Cycle is Fibonacci 2.0 from the last High before the final selloff.
For Bitcoin that target is 64000 and for the S&P500 4900.
Long term outlook don't get confused with our usual shorter term signals.
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Looking for SPX stem dips.US500 - Intraday - We look to Buy at 3858 (stop at 3818)
Levels close to the 61.8% pullback level of 3972 found sellers.
An overnight negative theme in Equities has led to a lower open this morning.
Intraday, and we are between bespoke support and resistance 3858-3983.
Immediate signals are hard to interpret.
Preferred trade is to buy on dips.
Our profit targets will be 3983 and 4000
Resistance: 3983 / 4077 / 4086
Support: 3848 / 3818 / 3800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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US500 Bullish ProjectionSince January 2022, the US500 has been experiencing a downtrend. Recently, the price has broken through the trendline and subsequently retested it, indicating a bullish signal. I predict that the price will continue to move towards my target zones.
However, it is possible that the price may remain within a certain range for a period of time, or even fall below the trendline. Nonetheless, my overall bias remains bullish.
What do you think? like and comment below
S&P500 Has started the new 1 month bullish legS&P500/ SPX has been on Higher Highs/ Higher Lows in the past 3 days, forming a bullish reversal exactly on the bottom of the 5-month Channel Up.
The RSI is very similar to the previous bullish leg in January.
Buy and set Target A at 4050 (Fibonacci 0.618 within Channel Zone 0.5 - 0.618) and Target B at 4280 (Fibonacci 1.236 extension and top of the Channel Up).
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US500 Outlook 3/12Bullish on indices in general, would like to see this week put in what would be the monthly low.
SP500 a short term outlook 🦐Based on the 4-hour timeframe, there are clear indications of a bearish trend in the S&P 500 index. After testing the weekly resistance level at 4160, the market started a bearish move with a series of lower lows and lower highs.
Further analysis shows that the market retraced to the 0.618 Fibonacci level after the first bearish impulse and tested a daily resistance level perfectly. This level is known as an inversion point, indicating a high likelihood of the market reversing its trend.
From there, the price created a second impulse toward the lower weekly support, indicating a continuation of the bearish trend.
As such, it may be wise to wait for a new opportunity to set a nice short order in anticipation of further price declines according to the Plancton's strategy rules.
OIL SELL POSITION I was anticipating a buy position on oil but it failed to break 82 dollar region where I plotted a minor zone. it has come down to break a very strong support, I'm watching out for weekly candle close and a retest to that zone it broke out from then I will be looking out for sells opportunity on 4hr Time frame.
S&P500 potential downsidesHey Traders, US500 is trading in a down trend and extending pullbacks seems to approach the major trend, so in today's trading session i will be watching a potential rejection around 3925 supply and demand zone at the trend. one of the reason i'm considering this potential setup is the bullish momentum on DXY as we know the negative correlation between the stock market and dollar.
Feel free to ask any question in the comment section.
Trade safe, Joe.
GO PRO or Go Home 📷 Analysis #25/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
GPRO is stuck inside a range around support in the shape of a rising broadening wedge, and it is currently around the lower bound so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, GPRO can still trade lower till the 4.7 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
"Crash landing" instead of "soft landing"?Yesterday, U.S. inflation came up in line with expectations, and the market continued to enjoy relief after last week’s route. However, while the FED is progressing in fighting soaring prices, many problems are still on the horizon (declining corporate profits, rising unemployment, the persistence of tight monetary policy, problems in the banking sector, etc.). As such, market developments are starting to align for the “crash landing” instead of the “soft landing” that everyone was so eager to forecast just a month or two ago. With that said, we remain bearish on the U.S. stock market and expect it to decline by 20-30% in the coming months. Accordingly, we maintain our price target for SPX at $3 400.
Illustration 1.01
The picture above shows the daily chart of SPX and simple support/resistance levels.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Slightly bearish
Illustration 1.02
Illustration 1.02 displays the daily chart of SPX. The yellow arrow indicates a bearish crossover between 20-day SMA and 50-day SMA.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SPX500 Retracement To 3980SPX possibly pulling back towards the supply zone @3980-4000. Once at supply we look for a bearish shift in market structure and go short.
S&P500 is accumulating for a 2 year rally to 5700.We have showed you this multi-year Channel Up on the S&P500 index (SPX) before. We have shown you the Lower Lows Support of the 2M RSI that has caught all major bottoms since 2016. What this chart shows is that the index has bottomed on the Channel's Higher Lows (a 13 year trend-line) and is basically on an accumulation phase before the new rally begins.
The previous 2 rallies of the 2011 and 2016 bottoms hit the top of the Channel in about 2 years. That gives a roughy 5700 target by the end of 2024. If it follows the more aggressive COVID recover rout (March 2020 and after) that hit the 1.5 Fibonacci extension, we may hit 6250 by the Summer of 2024.
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