US30 l DAILY l OUTLOOKDAILY TAKEAWAYS:
Last weeks TA played out perfectly.
1. Broke two BOS @ 31550 & 32650
2. Broke out of descending channel
3. Broke though major key level zone 32100 - 32450.
Looking at what we see now. (4 HR)
1. US30 rejected off bottom of major zone 33350 - 33650.
2. US30 broke through 200 MA which could potentially change trend if a bounce retest is made.
3. If we continue to push bullish there is a major BOS @ 34050 that has acted as a rejection / resistance zone.
4. Viewing top MACD indicator it is the first time in months we have been above the 200 level.
Previous TradingView TA linked
Wallstreet
Crypto Decouples From Stocks. Is the "Flippening" on its Way?On Friday the (currently volatile) stock market rallied a little, putting Wall Street somewhat at ease. But an interesting thing happened that day that never happened before - crypto assets actually went down, instead of up.
If you're a crypto holder you're probably prefer to see the pattern reversed, but it's still an interesting pattern worth exploring further. If crypto and stocks are finally "decoupled", does this mean that when stocks go down next time, crypto is going to go up? If so, when the recession hits later this year, it could mean good things for the crypto ecosystem, long-term. The "flippening" may well be on its way.
Many investors are waiting to see what happens on Monday, when Wall Street opens up again - the fiat markets are likely to go down again in response to Friday's rally, at least in the short-term. How will crypto assets respond to this event? Will it move in parallel again? Or will it do its own thing?
Also a few comments about Tezos (XTZ) and Dogecoin (DOGE) that displayed independent movement on Friday as well.
NASDAQ BOUNCES ON SUPPORTLast week Nasdaq tested the support and bounced bullishly attempting to recover. The price dropped back to the support but could not close below it.
The price rejections on the support, rsi bullish divergence, and double bottom indicate a bullish move in the coming week.
Initial targets are 12600 and 13150.
US 30: Intraday Technical AnalysisThe US30 once again took rejection from 32200. My idea is that the price is going to test the adjacent supports from where long positions can be taken. My goal is to enter after confirmation of supports near 31600 and 31200 with the goal of target resistance of 32000.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30 l DAILY l OUTLOOKLooking back at May 16th & May 22nd (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out for both.
MAY 16th TA
“We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area.
What we see / need to see now.
1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart.
2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled).
3. US30 has entered back into major zone 32050 - 32450.
4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.”
MAY 22nd TA
DAILY OUTLOOK / TAKEAWAYS:
1. US30 is still overall bearish . Retesting major levels 31250 & 30750 for the first time MARCH 2021.
2. Last time these levels were touched we reached ALL TIME HIGHS.
3. US30 is still breaking in and out of descending channel .
4. US30 bounced off of major zone 30750 and is now retesting major zone 31250.
5. NEED TO SEE A FULLY ENGULFING CANDLE TAKE OVER AND ENTER BACK INTO DESCENDING CHANNEL .
6. ENGULFING candle needs to clear BOS and retest BOS to see continued upwards bullish movement.
MAY 25th TA
DAILY TAKEAWAYS:
1. US30 saw multiple retests of BOS / support and resistance level 31550.
2. Fake of candle breaking through BOS (circled) rejection wick.
3. We have broken out of descending channel once again.
4. Need to see a minor retest of descending channel then a break into major zone 32100 - 32450.
5. Next major BOS is positioned at 32650.
US30 Intraday Technical Analysis:US30 took support from 30600 on Friday. The rally continued on Monday . US30 met with initial rejection at 31900 after testing the resistance multiple time the price action started moving downwards. Currently the US30 is testing the support of 31600. My idea is that the price will try to take support from 31600. My goal is to make entries at 31600 and 30600 with target of 31600 and 31900.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30 l DAILY l OUTLOOKLooking back at May 16th (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out.
“We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area.
What we see / need to see now.
1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart.
2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled).
3. US30 has entered back into major zone 32050 - 32450.
4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.”
DAILY OUTLOOK / TAKEAWAYS:
1. US30 is still overall bearish. Retesting major levels 31250 & 30750 for the first time MARCH 2021.
2. Last time these levels were touched we reached ALL TIME HIGHS.
3. US30 is still breaking in and out of descending channel.
4. US30 bounced off of major zone 30750 and is now retesting major zone 31250.
5. NEED TO SEE A FULLY ENGULFING CANDLE TAKE OVER AND ENTER BACK INTO DESCENDING CHANNEL.
6. ENGULFING candle needs to clear BOS and retest BOS to see continued upwards bullish movement.
US30 BEARISH DYNAMICSDow recently bounced off the support and retraced to the monthly pivot before dropping back to the support.
A small retracement may happen at the beginning of the week before gathering enough momentum to break the support and head towards 31700 initially.
S&P 500 Daily Chart Analysis For May 6, 2022Technical Analysis and Outlook
The downtrend as specified in Daily Chart Analysis For April 29, 2022
to Major Mean Sup 4070 is firm and concrete. Down movement continuation to Next Outer Index Dip, 3990 must obsolete the Major Key Sup to continue - we will observe and track this the following week's session. Interim bullish moves are possible within the current downtrend.
Bank of America - it will be a great again like USA? hi,
we have a big problem, because when I look on the Simple Wall Street application I see that lot of managers from top banks sold their stocks of their own banks. I think: Citi, Goldman Sachs, GP Morgan,
Please read also ZeroHedge article about banks in USA, only to summarize it: we have to wait to October to see where will be the index of SPX
in Poland we say - without banks there is no hosanna, bullish market.
There is great back in stocks, lot of selling, people are right now on the cash sitting.
I think that looking on Fibonacci - 25 will be tested, o 20 USD?
Also look if there are more PUT or Call Options.
It is better to wait right now and wait for any signal that it will move up back, on all the market, not only on one stock
There will be up and down, hills and bottom, remember that next hill must be above last one that we can say that market will move then up...
Also there must be a calm down - no more sliding down in quick time ...
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