Wallstreet
Wall Street Will Target 31000 By SummerLooking for sells over the next several weeks as Wall Street ended the quarter bearish. We should expect monthly continuation in the bearish direction allowing for the weekly to trend lower. At 31000 the weekly is exhausted and I expect a monthly retracement to the upside short term.
US 30 below the supply zone
US30 is currently below the supply zone of 34500. We can target 34000 from here if the price breaks below 34500 and give a daily closure below this level. My target is 34300 and 34000.
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.
CITIGROUP: earnings coming soonNext week will be published the US most important banks earnings and among them, Citigroup is for sure the one with the best focus. In particular, the US bank is the one with higher exposition in Russia: almost 10 billion dollars.
So, what can be the next scenario?
I'm short on CITI due to both fundamental reason and technical reason:
We are in a short trend, so basically, being trend follower, I will search for retracement to be in.
CCI oscillator gives long signal plus bullish divergency on the price. This can give the necessary boost to the stock to retrace up to 56-58 dollars before getting back to its lowest price.
Long Tesla after Musk's speachTesla, before reaching next highs at around 1190$, can retrace until the first area, that we can visualize in the green rectangle, that covers the price range of 940-1000$. In addition, the bearish divergence upon the CCI oscillator can accelerate the price retracement.
The 200 average shows how the long term is still bullish and Tesla could be above it for the next days confirming its strength.
From a fundamental point of view, the company estimates to sell more cars than the previous quarter although the electric cars industry has faced a serious issue in supplying chain.
NAS Weekly ForecastSweet Dreams Traders, this weekly forecast i can see the market to continue bearish until it breaks a Lower High. Which it hasn't on the weekly and daily timeframes yet.On the 1hr showed a little manipulation move, where it did break a lower high but then rejected back to the downside. Im expecting this week for bearish setups to the weekly's low which is 13024.4. Have a great trading week and comment down your thoughts.
S&P 500 Daily Chart Analysis For March 11, 2022 Technical Analysis and Outlook
Continuation downtrend from our Mean Res 4385, the index created sub Mean Res 4275 for the near-term retest. But the current main target is Mean Sup 4170, completed Outer Index Dip 4150. The Key Sup 4070 and expended Outer Index Dip 3990 are prevailing driving trends, whereas the intermediate bullish moves within the downtrend mode are nothing but an interruption/distraction.
Will 1929 Repeat?Will history repeat ?
The bar pattern overlapped shows a really interesting view on the market structure compared to 1929. Things are looking very much the same 100 years later.
Price hit the 3.618 Fib extension in 1929 and crashed shortly after with the tension of war at the time, you had the Sino-Soviet conflict with Russia and china in 1929.
100 years later we seem to be having the same world circumstances where there is war with Russia involved and we have also hit the 3.618 extension not only that we have also hit this 100 year resistance line that has caused massive muti year pullbacks whenever hit.
I have been following six month RSI bearish divergence for a while now and it now seems with have broken down from this triangle we were in , take a look below.
Zoomed in picture of the bar pattern
It is possible we have one more upthrust to the 4.618 before a big crash this can take 1 year to play out. Human nature is cyclical we tend to repeat behavior and you can see that in the charts .
US30 OUTLOOK UPDATE During yesterdays London session we were stuck in a consolidation faze for 8 hours.
Once we finally broke out we rejected off major zone 34100 for the 5th time and then rejected back off of 33750...end up back right where we left off during London session.
Also stated this yesterday, "i would like to see a retest of 33750 and a break through 34100. If not we might bounce back and fourth within a major consolidation zone from 33100 - 34100"
We still need to see a clear break through 34100 to break resistance.
Large-scale Bitcoin whales transactions signal a bottom.Following Russia’s invasion of Ukraine on Thursday, Bitcoin (BTC) fell below the $35,000 mark.
Since then, however, the cryptocurrency has risen significantly, and it is presently trading around the $39,000 mark.
As Bitcoin prices bottomed out at $34.7k with Thursday’s war news, whales have made some MASSIVE transactions.
This has been the largest amount of both $100k+ and $1m+ $BTC transactions since Jan. 24th, when prices jumped +15% the week following.
The Great Retrace Nasdaq Futures Standard Fib Pull from ATH to Covid Low PA sitting at .382 fib level and the POC of the entire range .
Loss of the .382 and we descend to the levels below , alternatively we stay within the current range
inside the descending channel .
I have marked an area of resistance for a potential short if the opportunity presents itself where Its
possible we continue to reject off of the 50EMA and print a LH and continue with the bearish MS.
Trade the range and take it level by level , for now support has done its job so set an alert and trade the reaction .
Know your Invalidation and trade your Plan !
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Update: short-term view for Bitcoin Ethereum S&P500 & WallstreetUpdate: Short-term view for Bitcoin Ethereum S&P500 and Wallstreet
Bitcoin and Ethereum with chances of a hidden bullish divergence while traditional markets might show a bullish divergence with the RSI.
Overall a more friendly market opening.
o you agree? Other opinions? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing