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S&P 500 Daily Chart Analysis For Week of November 18, 2022Technical Analysis and Outlook Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 11) is currently in progress along with potential #2 Outer Index Rally 4140; however, the newly created Mean Res 3995 is in the interim a roadblock. The downside selected target to Mean Sup 3915 is very high once the completion(s) is triggered, with the possibility of extension to Mean Sup 3745 and beyond - in the foreseeable future.
SP:SPX
by TradeSelecter
SPX Weekly Forecast Targets $4137I will be targeting $4137- $4150 from a weekly perspective. As any trader can see, price has broken above weekly resistance level that needs to be retested to gather daily momentum for a nice daily bullish impulse. From a daily perspective, price has created a typical double top pattern which in most cases allows for the H4 to exhaust, I will be looking for easily identifiable exhaust patterns on h4 which include (impulse correction impulse)
ULong
by Liquified-Trader
US30 LongThe price has been forming a falling channel for the past few weeks. The lowest low of the trend formed a double bottom , which is an indicator that the trend was to be a bullish move. The price is now at the top trendline of the channel. I anticipate that the price might continue with the bullish run, and I have 2 possible scenarios of the entry zone. The first is below the current price at around 32200 and the second, at the top of the current price at around 33000. My position will be at 32950, as I am using the pullback strategy to enter my positions hence it will be above the highest high formed. The other reason as to why I am trading bullish is the current client sentiment of this index is 75% short and 25% long, and we are all aware that the market markers tend to move in reversal of the crowds anticipation. (Look at the Daily Forex website for the clients sentiment data) My targets are 33500, 34050 and 34600 thus my target R:R is 1: 3. Remember, risk only 1-2% of your account!
OANDA:US30USDLong
by Vapari_Inc
The Wall StreetFriday, 4 November 2022 15:44 PM (WIB) Bulls Market has losses of around 3.22% on date 3 November 2022, late midnight at 00:00 AM (WIB). The times of trading could not be underestimated and floating in trading transactions again. What times in Europe and New York while in Asia at late midnight? The funds could be destroyed immediately if forget to set Stop Loss or even get worse to trade in big amounts. The big players seem trying to seek and destroy the stop loss trail, as seen on the chart on 3 November, at 00:00 AM late midnight. Supposed to be traded in a safety zone and at time of office hours, Not at after hours or late midnight. Back to the bulls, losing about 3.22% because of the Double Top Formation, will lead the bulls back to the top and get even. From the top of resistance of the double top, there will be a stronger bear market that will move the price down to the target direction of around 50% to 61.8% F.
FOREXCOM:US30
by RyodaBrainless
¡¡Waiting for a number!!Hello trading community! We see on the US500 chart that the price faces significant resistance in the area between 4000 and 4100. On the daily chart, the US500 is in a descending channel. A continuation of the dollar's bullishness and no rate cut at its next meeting could wipe out investor bullishness and leave the index looking for new lows and support between the 3300-3500 level. Conversely, the other side of the coin prompts us to believe that a softer Fed policy will drive a sudden uptick in expectations for a positive end to the final quarter of the year. On the other hand, the market is pricing in a 75bps rate hike from the Fed and a 50bps cut in December (bullish outlook). Don't forget we have the Bank of England meeting on Thursday, the same outcome is expected (bullish outlook). The DXY is down 80% from the 111.60 level, but we do not rule out buyers entering the 112.4 technical level in the Fed preview. A level at which index bears can be activated against a bullish panorama of the market.
CAPITALCOM:US500
by CRYPTONIA5
US30 31st OCTOBER 2022Concerns about recession resurfaced among investors as the Fed continued to follow a hawkish path lined with interest rate hikes. This led some companies in the US to change their earnings projections again, with several companies and analysts revising their outlook downward for the coming quarter. The market also expects the Fed to raise its benchmark interest rate again at its November meeting. According to FedWatch, 96.7% of market participants project that the Fed will raise its benchmark interest rate by 75 bp and bring the Fed funds rate to a range of 3.75%-4%. Wall Street still tends to weaken despite the positive sentiment from the release of the financial performance of issuers in the US.
OANDA:US30USDShort
by DNP-FX
2
The Nasdaq 100 feels the weight of soft earningsThe Nasdaq was the weakest of the three major indices on Wall Street ahead of Apple’s earnings report scheduled later today. Despite a strong start, Wall Street indices snapped a 3-day winning streak on Wednesday and handed back early gains just before lunch. Weak earnings guidance from large tech companies weighed on sentiment and served as a harsh reminder that we’re in a bear market. Microsoft (MSFT) and Alphabet (GOOG) shares fell around –8% and -10% respectively, causing concerns that Apple (AAPL) will also report a gloomy outlook later today. The Nasdaq 100 has risen over 11% since its October low, but price action suggests a swing high may have formed. A resistance zone around 11,680 includes the 50-day EMA, 38.2% Fibonacci ratio and previous swing highs, and a bearish pinbar has formed on the daily chart. Nasdaq E-mini futures : Despite the weak close, the Nasdaq 100 is currently set to open around 0.4% higher looking at price action on Nasdaq futures. Yet as prices are only drifting higher the current assumption is this is part of a retracement, and we anticipate a break of yesterday’s lows. Nasdaq 100 daily chart : Given we are amidst a busy earnings season, we’re not looking for an outlandish move and will be ready for markets to turn one way or another at short notice. But given the Nasdaq’s reluctance to break above resistance ahead of Apple’s earnings, the path of least resistance over the near-term seems to be lower. 11,200 makes a viable initial target ahead of the lows around 11,000 – which also coincides with the June low – a break beneath which brings the month to date (MTD) low into focus.
NASDAQ:NDXShort
by CityIndex
¡¡The trend is changing!!Hello trading community! Well, I think the market has been waiting a long time for this drop. I've said it for a long time, this is that every trend has an end and a new beginning. Despite being manipulated by different players, markets are inherently immutable cycles. Technically, the US dollar index has been making lower highs since its high of 114.8, showing a loss of bullish strength and a bearish divergence. While we know the Fed's rate decision is approaching next week, which, as expected, will cause market volatility, we've been observing that 10-year yields have fallen, and some of the Fed's official actors have expressed their concern about Dissatisfaction with the aggressive rate hike policy. In addition, the market had two negative quarters, signaling the company's urgent need for profits to try to end the year positive rather than loss-making. This is not a financial advice, good trades and profits!!
TVC:DXY
by CRYPTONIA5
Wall StreetTuesday, 25 October 2022 19:30 PM (WIB) After reaching the daily resistance, where there are lays MA50 and MA100, the price started to develop bearish as they want these lines to be base support for moving down the price. The ability of bear volumes still could not see as the base support, but the accumulative volumes getting stronger in 4H. For the downtrend, the bears could expect to reach the resistance lines between 38.2% to 61.8%. For Wall Street, I am only interested to open buy orders at the very strong base support to move up again.
FOREXCOM:US30
by RyodaBrainless
The Wall StreetTuesday, 25 October 2022 12:45 PM (WIB) Wall Street has been moving in bullish since the price hit the bottom around 28.600 points. And start immediately rising with created A Tower of Bullish Engulfing. These volumes absolutely were coming from a global market worldwide that expected the price to move high. The bearish itself seems to have been finished when completed the downtrend at around 28.600 points. The bulls successful run and stand above 38.2% as these lines became S/R. Now, the price already meets 61.8%. So, if the bears are strong enough, the price should move down back to 38.2%. The Golden Ratio of 61.8% lays MA50 and MA100 in a daily trading session. So, the bears will use this momentum to take control of the chart again.
FOREXCOM:US30
by RyodaBrainless