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S&P 500 Daily Chart Analysis For Week of October 21, 2022Technical Analysis and Outlook Currently, in the S&P 500 market, we have tremendous volatility both ways . . . traders/investors are losing both ways. The longs get stopped on the downside, and the shorts get stopped on the upside. What we got is that the whole floor gives way. Pay attention to the critical data presented here. The upside target is marked at Mean Res 3790 and Outer Index Rally 3865. The downside destination is the retest of the Mean Sup 3665: Followed by the Mean Sup 3575, a retest of the completed Outer Index Dip 3530, and Key Sup 3505. Continuation to the next Outer Index Dip of 3450 is in the making.
SP:SPX
by TradeSelecter
Gold loses interest as a refuge, DXY with bullish forceWe have two consecutive quarters with losses in the markets. The bulls defend the last of the supports before a big drop, located at 1613. The great resistance to overcome is at 1637. If we remain below this level, we will see the bearish force renew. The dollar index has broken an important resistance level, heading towards the 114 level. The specter of the recession in the US continues and there are still no signs of a change in trend in the markets. In addition, the results of technology companies have not been very good, further weakening the confidence of investors in search of a change in trend. This is not investment advice, good trades and profits!!
TVC:GOLD
by CRYPTONIA5
The Wall StreetThursday, 20 October 2022 15:50 PM (WIB) The bulls seem to defend the Support lines from the bearish market movement and until now, bears look does not have strong support in the major trend for moving down the price to the MA50 and MA100 as these are playing roles as important keys for moving up the price. However, I will wait until the price has a clear directional move to enter the market. My point of view is still in a bullish outlook with the target to hit around 32.000 points. The bullish engulfing tower still could come around again in a strategic momentum.
FOREXCOM:US30
by RyodaBrainless
The Wall StreetThursday, 20 October 2022 7:25 AM (WIB) Wall Street is still in the middle of the battle for the pride of price. Bulls have taken control and rising the price by almost 300 points with A very high Tower Bullish Engulfing. That still stands strong today. While the Bears are still in the early to developing bearish market that looks still in a minor. But the MA200 4H is the important key to starting and reaching the market confidence for the next step either to moving up or down. In my point of view, A very high Tower of Bullish Engulfing is a superb strong signal to attracting bull run until now. With currently have taken control of the MA50 and MA100 also MA20 of Bollinger Band. I will open Buy Order soon when the price has been confirmed to stand exactly at MA50 and MA100, or stand above exactly at the MA200 4H. Even though the blue lines are developing as Support for the Bulls right now, but is too risky to put the money in that area.
FOREXCOM:US30Long
by RyodaBrainless
Nasdaq 100 Sets up to Bounce, How Far Could it Go?From a technical standpoint, the Nasdaq 100 could be eyeing near-term gains. Prices have left behind a Bullish Engulfing candlestick pattern, opening the door to an upward extension. This also follows positive RSI divergence, which showed that downside momentum was fading. Prices closed above the 20-day Simple Moving Average as well. Further gains would place the focus on the early October high at 11729. Keep a close eye on a potential falling trendline from August (red-dashed line). It could reinstate the downside focus, falling toward the February 2020 high at 9763. Otherwise, more gains could be in store toward September peaks. NQ1!
CME_MINI:NQ1!
by QM_Dubrovsky
1
WALL STREET Saturday, 15 October 2022 21:55 PM (WIB) After reaching the very strong support where there are stand MA200W and MA50M, the price rose very fast vertically to the first resistance, and could not break out from this resistance. I see a very strong tower of bullish engulfing that reached and stands above MA100 and MA50. The price also ended exactly at MA50D 4H. The situation is still in Bullish Control, even though Bears taking control of the first resistance and the Clouds data in a bearish market, I see the Bollinger Band shows the price has the intention to move up and will try to break out from that resistance. This week will be the final battle for the Bulls to create a strong signal for the Golden Cross. I also see the Ichimoku Cloud has been flat now. This would be indicating the price will move higher from now. Unfortunately, if the price falls below MA50 and MA20, Bears will be trying superb vertical volumes to take control as the Bearish Support. And the price absolutely will be falling down. So, I’m expecting the price will move up and create A Morning Star formation to the resistance. This formation will lead the price to move higher and higher.
FOREXCOM:US30Long
by RyodaBrainless
S&P 500 Daily Chart Analysis For Week of October 14, 2022Technical Analysis and Outlook The immediate reversal on Friday of the vigorous upside rebound (Dead-cat ricochet) on Thursday was caused by the long-term specified Outer Index Dip 3530 (Oversold market): The downside target is the retest of the Key Sup 3505, Outer Index Dip 3530 with the Next Outer Index Dip 3450 is in the making. Following the completed above-specified targets, a short-term move leading to the newly created Mean Res 3633 is possible.
SP:SPX
by TradeSelecter
DJIA (US30) losing Investor InterestI personally do not trade Dow Jones Industrial Average but it does not hurt me at all to guide people who do. Well, bad news guys, the picture on the popular index US30 does not look very appealing to the investors at the moment. FEDs are to blame for the vicious rate hike adventure that is drawing investors away from a very large investment pool such as US30. Technical Perspectives: 1- We have come across an inverted head and shoulders pattern that encompasses nearly 2 years of consolidation and reversal dynamics 2- Darvas Box 1 consolidation exit that is pointing the trend back to pre-COVID levels 3- Blunt Rate Hikes from FEDs is drawing investors away Counter-inflation measures are actually proving to be a double-edged sword. Not really an appealing picture to buy DJIA shares at the moment! But considering that it has also presented a great opportunity to go short on US30, you can still make money off the fall. Therefore, trade safe, manage risk responsibly and happy trading :-)
TVC:DJIShort
by Uzi-Trades-Forex
2
S&P 500 Daily Chart Analysis For Week of October 7, 2022Technical Analysis and Outlook Repeated dead-cat moves to Mean Res 3720 and Mean Res 3775 - the letter partially fulfilled last week (as pointed out on S&P 500 Daily Chart Analysis For September 30) was in order throughout the trading week. Short-term moves leading to the newly created Mean Res 3790 are possible. Currently, on the downside, the main target is Key Sup 3587, and Outer index Dip 3530 - Next Outer Index Dip 3450 is in the making.
SP:SPX
by TradeSelecter
S&P 500 Daily Chart Analysis For September 30, 2022 Technical Analysis and Outlook Repeated dead-cat moves around completed Inner Index Dip 3760 were in order throughout the week, along with the partial completion of our interim rebound target to Mean Res 3775. On Friday, the index penetrated the Inner Index Dip 3760 and is on its way to our next specified target Outer index Dip 3530 - Possible short-term moves are leading to Mean Res 3720. Next Outer Index Dip 3450 is in the making.
SP:SPX
by TradeSelecter
2
US30 28th SEPTEMBER 2022Wall Street is increasingly concerned that the Fed's six-month inflation fight will push the economy into recession. The recent selloff seems to be the catalyst, including the US central bank (Federal Reserve/The Fed) being aggressive to raise interest rates. Finally shaking up the currency market. With the dollar overvalued in recent weeks, market participants are likely to avoid the risk of a correction by moving into large companies that are likely to survive a recession. US30 23rd AUGUST 2022
OANDA:US30USD
by DNP-FX