SP500 back at the previous highs 🦐SP500 after last weeks retracement is now back pushing at the resistance level near to the market all-time high.
According to Plancton's strategy of the market will break above we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Usindex
SP500 a short term outlook 🦐SP500 after last weeks retracement is now back pushing at the resistance level near to the market all time high.
The price is now moving above an ascending trendline below an important resistance.
According to Plancton's strategy of the market will break above we will set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
DXY (USINDEX) buying from Support Level !!HELLO FRIENDS
As i can this US $ is getting strong an it had made a successful break to the running trend
if we have a look @ economical data output for Apr it is showing us a positive recovery and green back in $
So on the base of technical analysis we are expecting this US INDEX soon will achieve our design TP levels
Friends Dont forget to push like and comments it will be a great love and support for the channel
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S&P500 3900 IS VISIBLEALL ending wave patterns will overshoot the trendlines.
S&P 500 may form a reversal pattern today for a long time bear cycle.(expanding triangle WAVE'C')
4200 is one more key number to look in for further upmove.
IF monday(19/4/21) the index come inside the top trendline(false break-out) expect 3900 next week
DOLLAR INDEX CHART UPDATE.....SELL
Dollar index chart break out support zone 92.500 level and retest that zone.
so, now its possible to reach 92.000 ,91.680 .up to 91.450 level.
dear Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
US INDEX/DXY: IDEACurrently DXY is trading @ 92.138
In our previous analysis we expected the pair to fall to 92.3 which was 50% Fib Retracement,
However the pair has fallen below this & is currently @ 61.8% retracement
DXY is currently trading near support @ 91.980
If it breaks below this support then we would expect it to fall to the next support @ 91.330
But if the pair continues to treat it as support & manages to break above the current downtrend line
We would expect it to go back to 93.4 & attempt to reach 94
Link to our previous analysis below
S&P 500 updatePrice formed a rising wedge here and now at the consolidation area between two zones. Considering recent stimulus ($1.9 trillion) approval in USA, which is supposed to be signed by Biden this week, markets are hopeful and bullish. A break of the resistance area and the wedge, preferably with a candle close above 3940, is a good buy signal to continue to target higher levels with good risk-reward options.
On the flip side, if we see a break to the downside, it is less likely at the moment, unless we have serious fundamental news coming out to scare the markets.
Good Luck and Stay Healthy!
US INDEX, FALLING DXY: ShortUS INDEX has broken below its ascending channel this could be a retracement or a reversal
the pair has to test support at 92 if it breaks below that next support is at 91.5 which will be
at 50 % Fib retracement.
If DXY ignores this support level we might see it go back to 91 then back to the 90 zone
DXY (USINDEX) buying ON DIPSAs we told you in our previous analysis of US INDEX this pair has
a harmonic pattern H & S which already achieve our 1st TP
now it is retesting the support zone and fly till design new TP
Friends push like and keep supporting the idea it will help many traders
Follow us for more updates
DXY Complete Analysis & Forecast: Why DXY Is Important In MarchTraders, DXY (Dollar Index) represents the strength of the dollar against major currency pairs. But it is more than that. Nearly all financial markets are so far dependent on the usdollar directly or indirectly. That means if dollar moves up and down nearly all markets including indices (us500, dow jones etc.) , cryptos (Bitcoin, ethereum etc.), commodities (gold, silver, usoil etc.) will move up and down.
So does not matter whether you trade DXY (dollar) or not. You must watch it and analyse its moves.
All the best in March and 2021
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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S&P500 inverse H&S patternPrice formed a nice patter after the recent sell-off. Looks like the buybacks are kicking in soon. Early entry possible, but more confirmation on the break of the neckline at 3900 levels. Once price breaks higher, target the next resistance level.
Good Luck and Stay Healthy!
US INDEX DXY: Forecast: Possible Long then ShortHere is an update on DXY
RECAP:
In our previous analysis on the DXY we expected the DXY to drop to 90.4-90.3 range and find some resistance in breaking below this range. We expected a rebound to 90.6 then a continuation to the downside. And this is what is currently happening at the moment.
Currently DXY is trading at 90.6
WHAT TO EXPECT:
We expect DXY to find resistance at 90.8-90.6 range where it is currently trading. A break above 90.8-90.6 will send DXY back to 91.0
Link to our previous analysis in linked below
$ index , Are we looking at a rejection of the weekly Neckline ?Good Day traders !! It's time for an update on the DXY , like we were expecting on our previous analysis the dollar index melt down to retest the Neckline of the weekly W formation, now what's next. We do have some important news coming up on Wednesday and we do expect the DXY to complete the Monthly pattern and test the Monthly neckline of the "M" formation before the continuation to the downside. Also we are sitting right now at the 0.5 FIB level of the retracement taken on the previous impulse leg and we expect a rejection from that area to the upside.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
The Black Penguin Waddle of 2021
The chart is one possible visualization of the confluence of unpredictable high-impact events. For example:
February 24th, 2020 World Health Organization declared the COVID-19 outbreak a pandemic and warned that "much of the global community is not yet ready, in mindset and materially,.." Over the following eleven months over 2 million lives were lost globally, more than 430,000 of the US.
Wall Street hedge funds lost billions by betting against a group of amateur day traders who banded together on social media to execute a short squeeze. They sent shares of depressed companies like ( GME ) GameStop and AMC ( AMC ) up into the stratosphere, hurting the billionaire hedge funds that bet against those stocks. Called by some "The Grand Awakening" It was an unprecedented attempt to compete with the pros on Wall Street. The action raised questions of equity and policy reform to ensure a more level playing field.
1) The Black Penguin evokes the Black Swan* symbol from the 2007 book by author and former options trader Nassim Nicholas Taleb. The symbol of the Black Swan represents the extreme impact of rare and unpredictable outlier events.