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NAS100 to Rally Towards 17200Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The NASDAQ 100 Index (NAS100) is currently testing resistance, after declining a little over 8% in the month of September into early October. In mid-October NAS100 broke the downtrend trendline and steadily rallied back towards 15720 resistance. A clear breakout from this resistance level established in early September should take NAS100 towards 17200. A failure in this potential breakout will be known if NAS100 declines to 15260. On the Daily Chart NAS100 is making a leg higher with the uptrend intact. Technical Indicators Currently NAS100 is trading above its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. There have been positive crossovers on these MAs, indicating a bullish trend. The RSI is also above 50 with the KST making a positive crossover. These technical indicators are implying that the uptrend for NAS100 will continue. Recommendation The recommendation will be to go long at market, with a stop loss at 15260 and a target of 17200. This produces a risk/reward ratio of 2.99. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to the NAS100.
OANDA:NAS100USDLong
by Ceddy86
Russell2000 Held at 2100 Support, Counter Trend Move to 2280Trend Analysis The main view of this trade idea is on the 15-Min Chart. Support appears to have held at around the 2100 for the Russell 2000 Index (US2000). This is corroborated by the US2000 crossing above its medium term (195-MA) moving average. Also the Supertrend broke above its 2146 resistance above the last trading session. When observing the technical indicators there is a unique pattern on the Awesome Oscillator (AO) and the RSI. There is positive price divergence with the indicators. The AO is above 0 and the RSI is greater than 50. It is expected that US2000 rallies towards the 2280 price level. Failure of this move will be seen if US2000 declines below 2100. The Point and Figure chart as well is showing a bullish reversal. Support is seen around 2110 and the Index rallied above its short (30-MA), medium (100-MA) and long (200-MA) moving averages. There are also positive crossovers with the short and medium as well as short and long term MAs. The AO is above 0 with the RSI trading above 50. The longer term view remains corrective for the US2000. Resistance is observed around 2185. Recommendation The recommendation will be to go long at market, with a stop loss at 2100 and a target of 2280. This produces a risk/reward ratio of 1.70. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to US2000.
OANDA:US2000USDLong
by Ceddy86
$UVXY market hedge*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management You NEVER want to see the market rally in a bearish market right before an important CPI inflation report. A lot of stocks are looking bullish right now, but sentiment could flip quickly tomorrow. My team will be using $UVXY as a market hedge. We entered in premarket at $12.60. Our take profit is yet to be determined but our stop loss is set at $11.50 ENTRY: $12.60 STOP LOSS: $11.50 If you want to see more, please like and follow us @SimplyShowMeTheMoney
CBOE:UVXYLong
by SimplyShowMeTheMoney
13
USOIL, The path to 100Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices recovered losses after falling more than 3% the previous session, as investors assessed the impact of reducing Russia-Ukraine tensions against a tight global supply-demand balance. The market seems to be moving in a positive way after seeing the Oil prices rise mainly because of the tensions between Russia and Ukraine and today it's trading at 92.90 per barrel with a Bullish candle showing on the charts. We might see a drop back to the main support area located near the 84$ zone where a big battle will happen between the Bears and the Bulls over control with the outcome being most likely to the Bulls. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The MACD is above the zero line indicating a Bullish market with a positive crossover between the MACD line and the Signal line. 3) the RSI is at 66.48 showing Great strength in the market with no Divergences found between the market and the indicator. Support & Resistance points : support Resistance 1) 90.27 1) 96.47 2) 86.38 2) 98.78 3) 84.07 3) 102.67 Fundamental point of view : Moscow's statement on Tuesday of a partial army withdrawal from Ukraine's borders was treated with skepticism, with US President Joe Biden warning that more than 150,000 Russian troops were stationed near the frontiers. Aside from the Ukraine crisis, the oil market remains tight, and prices are still on track to reach $100 per barrel. While the Ukraine situation raged on, the US Labor Department revealed that producer prices rose by the highest in eight months in January, a reminder that high inflation may remain for the rest of the year. Investors are looking forward to the Energy Information Administration's weekly report on US oil inventories, which is due on Wednesday. Last week, crude and distillate inventories in the United States may have fallen by 1.5 million to 1.6 million barrels. According to market sources on Tuesday, data from the American Petroleum Institute revealed a decline in crude, gasoline, and distillate stocks last week. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:USOILLong
by GabiDahduh