NYSE Composite Index is at Support This daily price chart of the NYSE Composite Index is hovering above its support level after recently (May 15th) breaking out. by jpmonaghantradeview0
Nasdaq sellNasdaq looking for breakout sell ..uptrend breaked and struggling to go up so we looking for sell momentum Shortby DNA_Trader_Officials3
Expecting Some Strength In The US DollarBased on the chart, here are the reasons why I would consider buying the dollar index: Uptrend Resumption: The dollar index has been in a steady uptrend since the beginning of the year, and after a brief correction, it appears to be resuming its upward trend. Buying into this momentum could be a profitable strategy. Support Held: The index has bounced off a significant support level, indicating that buyers are stepping in to defend this level. This could be a sign of strength and a potential buying opportunity. Bullish Reversal Pattern: The recent price action resembles a bullish reversal pattern, such as a candlestick rejection, which could be a sign of a trend reversal to the upside. Fundamentals Align: The dollar is often seen as a safe-haven currency, and with global economic uncertainty on the rise, investors may be seeking refuge in the US dollar, driving its value higher. Major Level Holds: The index has held above a major psychological level (104), which could be a sign of strength and a potential launching point for a further rally. These are just some of the reasons why I would consider buying the dollar index. However, it's essential to conduct thorough analysis, consider multiple perspectives, and manage risk before making any trading decisions.Longby LeoDante_FX6
SELL US100 NDX 100SELL US 100 There is a greater opportunity for a downside Projected Targets are 18,450, 18,300, 18,100UShortby ZIYADAVAKHIDOVAUZ2
Will US30 Continue to riseLooks like US30 has been in consolidation since early this morning. Still not sure which direction it will go. I'm estimating it will continue to go bullish today. What do you think?Longby parislaw1
AKTS too many shorts opened over night??shorts raised by 966% let's see them get wrecked or a decent fib retracement!!! NOT FINANCIAL ADVICE!!!Aby Polarbearman0
us dollar index due to various uncertainties and market turmoil us economy is facing major challenges, today market is going to spectate 4 major FOMC members speech and market expects major volatility. with the us dollar fluctuations the market also faces challenges in volatility of usd pairs especially xauusd. dxy major support and resistance are given in the chart above. live share and follow us for more market related updates and analysis Longby realmillionairefx5
Dow Jones Industrial Index - Higher levels after correctionFrom an Elliott Wave perspective, we can see that the index is in the middle of a strong impulsive wave that started in late 2022. We are now trading towards the end of the third wave, which will be followed by a 4th wave correction and a final 5th impulsive wave. The third wave should end between 40,500 and 41,500, and the correction that follows should reach 37,500/36,500, which would be an ideal place to go long.by tchamoun3
DXY Roadmap February 2023This seems rather logical and most likely the final run higher before what looks like multi year reversalby NeonUpdated 3330
SPX Roadmap May 2024After this corrective period that started in late March, it is likely we should see a final leg higher before a more significant declineby Neon0
#Banknifty:22nd May#Banknifty:22nd May Step1: If G/D swing low can hit 47785-S1. Immediately get long. Exit zone 48425 -R-1 Step2: If GU then S1-48050. Buy long and Exit at 48425. Step3: 48800 -R2 swing high very strong possibility.by rudrajit_deb5
US30 - TUE 21 MAY 24 - TRADE SETUPAMD Setup Price manipulation to the upside. The market is likely to deliver to the downside. No news to fuel the moveShortby karenzialvin1
Expecting a rallyDXY D1 chart Looking for a rally in price as price is trading at the Swing @103.901 taking into account the amount of selling pressure coming into the market at this price area as LTF traders are looking to take sell trades expecting price to breakout of this swing and continue dropping to lower price levels. We are long and targeting the recently formed swing high @106.662 and for price to form a new swing high. by cpointfx2
THE MOST Bullish chart you will see today!Is of the Shanghai composite. A beautiful HVF is nearing pattern triggering,. Early accumulation is probably warranted! Isn't now the most bearish FUD, over the Chinese economic miracle you have ever seen in a lifetime. The chart is telling a different story of consolidation of its extreme growth and continuation of it's remarkable rise. A quadrupling on the index means some of the underling securities will yield life changing gains. I haven't done any due diligence on individual names But an #ETF to keep an eye on is #KWEB Which is a basket of Chinese internet stocks. Longby BallaJiUpdated 226
China Recovery Narrative (May 10)Fundamentals & Sentiment China: - General recovery narrative backed by improving data (PMIs) for the last couple of months - Latest bigger than the previous Balance of Trade USD: - Bearish sentiment Technical & Other Setup: TC(B) Setup timeframe: 4h Trigger: 4h Medium-term: Uptrend Long-term: Uptrend Min target: 20000 Risk: 1.2% Entry: Buy stop Longby Cherry94Updated 1
DXY Will Go Up! Long! Here is our detailed technical review for DXY. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 104.420. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 104.977 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 117
nasdaqPair : NASDAQ ( US 100 ) Description : Completed " 12345 " Impulsive Waves Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame RSI - Divergence Fibonacci Level - 261.8%by ForexDetective11
DXYDXY is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?by JustTradeSignals2
US30 (Rally Movement...)Nvidia Reports on the Horizon, Wall Street Gains Pre-Bell; Asian and European Markets Up Wall Street futures indicated a slight rise pre-bell Monday as traders processed the final stages of the earnings season. Nvidia ( NASDAQ:NVDA ) is scheduled to announce its earnings after the market closes on Wednesday. This week will also see financial results from Lowe's ( NYSE:LOW ), PDD ( NASDAQ:PDD ), and Intuit ( NASDAQ:INTU ). On Wednesday afternoon, the US Federal Reserve will publish minutes from its most recent policy meeting. Wix.com ( NASDAQ:WIX ) shares increased by 7.8% pre-bell following the company’s report of higher Q1 adjusted earnings and revenue. In futures trading, the S&P 500 increased by 0.1%, the Nasdaq rose by 0.2%, and the Dow Jones remained steady. Overnight, Asian markets mostly traded higher, while European stocks turned positive by midday. Technically : The Dow Jones has reached a new all-time high. Stability above 40005 suggests the bullish trend will continue towards 40130 and 40420. Conversely, if the price stabilizes below 40005, it is likely to drop to 39790. Pivot line: 40005 Resistance Prices: 40130, 40420, 40730 Support Prices: 39820, 39540, 39360 The movement range will be between support 39790 and Resistance 40420Longby SroshMayiUpdated 10
📈 The SPX Bullish Wave Is OverThe bullish trend ended 28-March 2024... What we are seeing now is the peak of wave B of an ABC correction, based on the EW theory charting system... Let's dive in. Today we are looking at the S&P 500 Index. The first thing to notice is the new All-Time High hit recently. As explained in the DJI trade idea, this ATH is part of an irregular correction . This happens due to inflation/monetary expansion. All the details about inflation and how monetary expansions produces an irregular correction can be found on the DJI trade idea and you can visit that one for additional information ; we will move to the signals we see on this chart. We can tell that a correction is approaching based on the strong bearish volume that came in 15-March 2024, this is clearly shown on the chart. Right after this negative day, we get a top and wave A of the ABC. Zooming in, we can clearly see a multitude of bearish signals: ➖ The last three candles are bearish. ➖ The ATH session closed red. ➖ Yesterday's session closed as a shooting star. ➖ Multiple GAPs waiting to be filled that were left open on the way up. 👉 It seems everything will crash; Bitcoin and the Stock Market. Thank you for reading. Namaste.Shortby AlanSantana7734
SPx (Still or Yet...)SP500 Index Forecast The price continues to attempt a correction towards 5281 as long as it trades below 5320. However, overall stability above 5325 would indicate a continuation of the bullish trend towards 5360 and beyond. The bearish scenario will be activated if the price breaks below 5281 and 5266. Pivot Line: 5313 Resistance Levels: 5325, 5340, 5357 Support Levels: 5281, 5263, 5227 Today’s expected trading range is between the support 5264 and the resistance 5370. Meanwhile, U.S. rate futures indicate a 3.6% probability of a 25 basis point rate cut at the June FOMC meeting and a 22.8% chance of a similar cut at the July policy meeting.by SroshMayi6
DXY Minute: Mid-Term outlookI have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk trade. I agree that it is, which is why understanding where I am in the count is so important to me. I am looking for some type of deep, perhaps quick, Minor wave 2, that can give equities OMH, in blow-off fashion. The highs we have experienced so far are far too tame for my taste, and I can stay hedged until the cows come home, unless we get something good. The rumors of Dollar's death have been circulating for the better part of a decade, but still, the king has yet to be dethroned. And, I doubt that in the face of tightening regulation and increasing suspicion of the viability of bit corns as a replacement """currency""" that is going to happen, at the moment. However, I do think that a sell-off, quick and deep, from here, would catch a lot of participants going, "BTC is going to yet another high and ding dong the dollar is dead." Such eagerness to abandon the dollar is what equity traders feed on, especially those who prefer to SELL. Looking for a nice quick pull-back, followed by an explosion to the upside that could sustain for many months, paired with OMH in equities, followed by months of downward, corrective pressure. Best, CuzLongby CuzDeluxUpdated 8816