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SPX500 / ES - It's Still a Bull. Now, Good Luck Riding ItBefore we begin, to substantiate what I'm about to say, I would suggest everyone blow 8 minutes watching this video . Professional bull riders attempted to ride Asteroid 76 times. Asteroid bucked off and stomped professional bull riders 71 times. You should know professional bull riders aren't some Cletus-style hicks. These are professional athletes in very, very good shape, who grew up riding steers as children, often graduated to horses, and then took on the extremely fine and extremely challenging Cosmic manifestation that is encompassed in the word "ox," of which a bull can be seen as a derivative of. They're like that and they still got wrecked. Wall Street, is, likewise, like an Ox, for they and the Federal Reserve are the guardians of the world's financial heart, whether you like it or not. No matter how you hear about recession and inflation and rate hikes this and that on TradingView and Twitter and Discord and the news, the reality is, these markets are still bull markets. I will repeat: You. Are. Still. In. A. Bull. Market. This is something I had to change my own mind on recently, and sobering it was. Clarity it doth provided. And no matter how insane it may sound with all those fundamental factors kicking around telling you that the markets should crash, they aren't going to crash. In a time not-too-far-ahead you're going to see a _major_ and violent bull run that may see SPX 5,000 for real, and it may even happen before 2022 concludes. However, before that happens, you're going to be given a very difficult situation to buy the dip in, and that situation is upon us. The reality is that last week's colossal CPI dump and the resulting days of downturn really did amount to a shift in market sentiment from bullish to bearish. However, you should also note that last week formed an outside bar, with ES futures closing on a ~50 point rally above 3,900. The reality of an outside bar is that although you're not one bit likely to see it turn around and make a new high the next week, you're also not very likely to see it continue on downwards sweeping new lows so easily. Looking at the Daily provides some lucidity. Equilibrium of last week's outside bar is a very fun 4014 points. What you should expect, now that SPX swept previous lows, is in all due fairness, a change in momentum and direction that serves the purpose of enticing longs to enter way, way too early, while also killing short sellers who are way, way too early. The truth is that while no crash is ahead, you'll feel like we had a crash because we're going to 3,400~ first, and that kind of a dump is probably going to stop being this choppy up and down fearless landside down stuff and will instead come fast and strong... when it happens. But before we get there, you are very likely to see significant upside manipulation. What's really hard about getting setup short for this move downwards is that the market makers have left a 200 point range that can be played with on and during FOMC day and when Big Jerome Powell speaks. FOMC rate hike = Wednesday J Powell speech = Friday And these really are the only two news events in the cards. Also keep in mind that counting FOMC day, there's still eight days left in the month to manipulate the markets A very difficult scenario to trade would be to see a bullish Monday and Tuesday followed by an FOMC rate hike pump. Even if the Fed hikes 100 bps, it can be used to pump the market. The logic you will hear in the news will be, "Well, didn't you anticipate this? Markets pumped because finally the Federal Reserve is taking care of inflation, so all this inflationary pain will be over sooner than we expected." And then perhaps when Powell speaks on Friday he will just say hawkish things, meaning that there's no intention to pivot/dove at the next FOMC, which is not until November, and so the markets will dump. The logic then, will be that "Rates are thus projected to reach 5.5% before the end of the year!!" Once the markets start dumping, you will probably see 2-3 weeks of very annoying and miserable downside, with little bouncing. This will be very punishing to dip buyers. You buy the dip because Apple looks really cheap and it keeps on running. "It's been a week and it's not bouncing. It has to bounce, right?" It will bounce when you get scared out or liquidated and see a 45 VIX print, and not before. The logic in all this is that although we have a significant shift in the tone of the markets, these markets are still markets that have liked to go wild bucking around and taking out both bears and bulls. They're about to become markets, however, that takes out just bulls, but only for a little while. The caveat to all this is the logic that "The trend is your friend... until the end." Once the big trend shifts is when a person tends to lose a lot of money. They buy the dip expecting to play the bounce only to get freight trained as it drives downwards. Or they short a pop expecting to catch a new target low, only to get ruined by a gap up that takes 18 months to correct. Well, you want to get rich, right? The truth is that you cannot change your life. You have what you have in your life because of certain causes. Have you ever thought about why you were born in the place and family and gender you are, and not another? Could something like this and all your social and work connections truly be random? A lot of people get ruined because they are trying to change their lives from what they have to what they think they want, what they think will give them the happiness they desire, what they think will satisfy their egotism. But you should know that this is a business that is established in society under Heavenly Mandate and if you are to succeed at it, it is because your life already has that predestined fortune. If you can take a proper attitude towards trading and take a more long term approach, you may be able to reap success. If you can't, then you'll always fail, because you'll always be gambling from a heart of jealousy. This is a time where it's very, very, very lucrative to position some trades on a two or a three month time frame. It's also a time that it's very, very, very important to wait to see a proper bottoming price location or a proper bottoming pattern before you go long. Lest you otherwise be 400 points and 15 days too early and then have to wait 40 days to ultimately make virtually nothing. Also, when it comes to a bull thesis, you should be weary about the situation in mainland China. The Chinese Communist Party will soon fall, and it will happen in the middle of the night North American time and US equities will gap down worse than FedEx did on Friday. Before that happens, though, you can expect prices to have risen to high places, because the Lords of Wall Street know exactly what is happening, and when, usually because they have their hands in the pile.
CME_MINI:ES1!
by LordWrymouth
3
US30USD YM1! DOW 2022 SEP 19 Week US30USD YM1! DOW 2022 SEP 19 Week After trapping longs, market declined aggressively. Temporary demand on average volume has returned, which could be a way of absorbing any long positions still present in the market. Possible scenarios: 1) Long if 30406 / 30636 is supported 2) Short on rejection of 31385 / 31042 / trend channel rejection Price reaction levels Short on Test and Reject | Long on Test and Accept 32789 31793 31385 31042 30636 30406 Weekly: Higher vol & wider spread than previous bar, close off low (ave vol on bar itself) = demand coming in Daily: Ave vol down bar close toward high = Demand overcoming supply H3: Ultra high vol bar + ave vol up bars = Demand has returned Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Nasdaq NQ - Bad News for Bears. But First, Bad News for BullsAfter observing recent price action in addition to the sentiment in trading communities and Twitter, I've been doing some hard thinking about the notion that we are now in a bear market. All the fundamentals say that there's such and such skyrocketing debt, food crisis, inflation, energy crisis, Europe crisis, currency crisis. And all of these fundamentals are true. And yet, most fundamentally, although the U.S. equities markets have retraced heavily since 2022 began, they are not in a bear market. Just look at Nasdaq on the monthly. This is not a bear market. Frankly, I went looking for an example of a bear market in both Bitcoin and WTI Crude And found that both of their monstrous retraces were simply natural results of their having gone parabolic in the first place. Never forget that it's a Law of the Cosmos that for every loss there is a gain, for each positive, there is a negative, and that when something reaches an extreme, it will reverse. If you don't believe it, just pick something up and throw it in the air and watch what happens. Nothing can stop the result of the action. The way traders treat a "bear market" is about as absurd as if humans were to treat the rising of the sun in the morning as if it were the VERY BEST THING THAT COULD EVER HAPPEN and the night like the END OF THE WORLD. Thousands of years ago when man was still primal and had no idea what was going on, perhaps they felt exactly that way. What we mean by a "bear market" really refers to a phase of time where traders are no longer able to mash buy on AAPL or TSLA at the top and make 3% per day without it even dipping. What we mean by a "bear market" is a phase in time where highs get melted down and new lows keep getting made, and that's really where we are and have been all year. And that's why nobody is happy. Seek and destroy markets are hard to trade. What I am getting at with all these words, is we are still in a bull market. We are just in the night time of the bull market. Several fundamental conditions have not been met for this world's economic heart to have entered either a recession or depression. The Fed has quietly been printing money and propping up the banks since 2019 . These Central Bank Central Government bailouts are now the norm, rather than the exception, because humanity is in trouble. And so, what I would like to say, is that we are very, very close to the point where being short is going to cost you your portfolio. We're not going to make new monthly lows. August wasn't the top. But we're also at a phase where going long is likewise going to cost you your portfolio. In my most recent SPX ES call, we were able to anticipate both the areas the MMs would retrace to and the upside areas they would take out, and both of those have been achieved: SPX / ES - Bull Whips and Bear Saws However, as the price action unfolded in the week and I thought more and more about what was going on, I felt unsettled with the notion that JPowell's speaking was going to lead to a dump, and so I made a revised call on Nasdaq NQ Nasdaq NQ - 8 Days & 1,700 Points The problem I still feel in my guts about the above call is that although it's going up, and fast, and at the time I predicted, it's unsettlingly curious that the Lords of Wall Street were benevolent enough to let all the longs have such an easy time of it and not sweep out that July 18 pivot, despite coming so close, before we go on a 2,000+ point winning streak. That's just, not how they do things, man. Frankly the time we spent under 12,200 was also just simply too brief and too easy. And so, all of this leads me to today's call. Previously in August, I had anticipated that a 72 VIX is set to print, and I would imagine this would come when the June lows are taken out. VIX - 9x8 = 72 And while I thoroughly believe this is still in the cards, I now believe that we don't see this until late in the year or into 2023. Fundamentally, I believe the issue is that the Democratic Socialists of America Party require the stock markets to be happy ahead of and during the U.S. October Midterm Elections, because much of their voting base is teachers, unions, and old people, all of which have heavy investments in funds and pension plans that are neck deep long on everything establishment. And yet I also believe that we won't go up so easily, since fear is still yet to come. Looking at the weekly, I believe we have two critical inflection points. I believe that 15,500 is in the cards before 2022 is out, but we have unfinished business lower before that happens. It's like dancing, two steps forward, one step back. One step forward, two steps back. Never just forward, forward, forward, or back, back, back. Trendlines are about as scientific as looking up your horoscope on Yahoo, but people still do it, believe in it, and follow it, and so it is something that is simply going to be attacked. If you do it right, you can take advantage of the opportunities presented by not being the first mouse to go for the cheese. Price action on the daily shows that Friday's moon candle not only created a gap, but already took out all September highs and has already rebalanced a big August gap. What lies below, however, is our very solid and very crucial trendline, which also happens to correspond with a lot of wicks from June and July. Wicks are notable because they represent places of low volume trading. What I believe lies ahead is a case where we will quickly and violently descend towards the 11,650 range, test the trend line, break the trendline, and fill in all that volume in the wicks. To me, one of the biggest tells is that AAPL, which leads the Nasdaq, was actually _very_ bearish last week. Even on Friday, it was bearish. To me, this says it wants to continue to make new lows, which means everything else is going to make new lows. I believe that during September FOMC, the Fed will do something like a 50 bps hike instead of a 75 bps hike and/or revise their inflation target to 3% from 2%, and that will cause the markets to moon back towards 15,000. The Bank of Japan, which meets more or less the same day, will maintain Yield Curve Control on the 10Y Bond at 0.25% despite the annihilation of the Yen, which means the old money parade into U.S. equities will continue, and we will get a September FOMC melt up, not a melt down. Note that there is not another FOMC until November. We're not in a bear market. The June low was the low until at least the end of the year. After you see Apple post $198, let's see what happens in terms of VIX 72 and a bear market. No matter how bad things get, social stability is the Communist Party's number one priority. Ultimately, they need the United States to be fat and complacent and not revolt in order to maintain their power. They need to maintain their power to install Central Bank Digital Currencies, digital ID, and social credit across the globe. To do that, they need the U.S. equities market to keep delivering "the happy," to keep serving as a distraction, and to continue to give you something to gamble away your life savings on, so that your eyes are focused on everything besides what is important to your fundamental life. Marxist-Leninist rogues rule the world at present, but only for a little while longer. In the interim, if you trade against them, they will hurt you. So have some fun going long on TSLA and AAPL for now. Just make sure you take profits instead of thinking you caught the new paradigm. It will still take a few more months for Justice and Conscience to return to the surface of this world. In the meantime, WTI and Natural Gas are going to dump. WTI Crude / CL - An Intervention: Saving Blind Bulls & Natural Gas / NG - What, Truly, Is a Bull? And when all is said and done, where you want to have your money is in defense contractors and energy companies. Boeing BA - A Dark Harbour Good luck, and stay safe. The future is bright. But you have to fjord the river Jiang first.
CME_MINI:NQ1!
by LordWrymouth
12
DOW JONES invalidating bearish patterns, targeting 34000 again.The Dow Jones Index (DJI) closed yesterday above its 1D MA50 (blue trend-line) as it is extending the rebound we called on our previous analysis: As you see, that rebound came exactly on the Higher Lows trend-line that started on the June 17 Low and was the second (July 14 the first) time it held, making it the short-term Support. What Dow achieved with that 1D candle close above the 1D MA50, is to invalidate the February 24 - April 28 2022 fractal, which by that time was similar but failed to break and close above its 1D MA50 and eventually got sold aggressively. What makes the current rebound potentially having a long-term effect is 1) the 1D RSI rebound on its multi-year Oversold Zone and 2) the Bullish Cross on the 1D MACD, which within 2022 always delivers at least a +8% rebound. Such % rise would be the test of the 1D MA200 (orange trend-line), which is our medium-term target. As mentioned numerous times before, in order to commit to long-term buying we would like to see the index close above the 1D MA300 (yellow trend-line) first, which provided the rejection on the August 16 High. So far the medium-term trading strategy is to buy every pull-back on the Higher Lows trend-line/ RSI oversold zone. A break below that level, we'll consider a bearish signal, targeting the 1W MA200 (red trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
4
US30USD YM1! DOW 2022 SEP 12 Week US30USD YM1! DOW 2022 SEP 12 Week Last week's Scenario1 long on support of dotted trend line was good. Caution: long trap observed, do not chase long. Possible scenarios: 1) Long if 31450 / 31864-32029 is supported 2) Short on rejection of solid trend line / 32546 3) if triangle formation observed there may be short opportunity Price reaction levels Short on Test and Reject | Long on Test and Accept 32546 32029 31864 31450 30975 30406 Weekly: Low vol up bar close off high = minor weakness Daily: Low vol up bar close off high = weakness H4: Low vol narrow up bars + narrow close, followed by ave vol up bar + UT bar = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Nasdaq NQ - 8 Days & 1,700 PointsThe more I observe price action and the more I analyze charts, the more I feel that although the markets are absolutely primed for a major and inevitable correction towards the pre-COVID highs, which for Nasdaq and SPX are far under the June lows, we're on the cusp of a preceding bear lynching. In my recent SPX call, I had forecasted a trip to the 3,8xx range early on in this Labor Day week in anticipation of everyone's favorite global market manipulator Federal Reserve Chairman Jerome Powell speaking on Thursday with FOMC and an inevitable rate hike looming on the 21st: SPX / ES - Bull Whips and Bear Saws What I had thought likely to happen was an early dump, followed by a pump into his speech, and then the beginning of our correction cycle. And yet after observing the price action of Bitcoin and Ethereum over the weekend (significant since they tend to lead or match with the SPX since they have a CME futures market) in addition to Monday's price action when NYSE/TSX were closed for the weekend and today's strangely simple dump-into-accumulation pattern, I have since been forced to revised my theory. I now believe that Big Jerome's talk on Thursday, September 8 is actually going to be used to propel the markets back to areas close to August highs. Taking a look at my calendar, if this theory is true and Jerome was to pump it, you'd have eight trading days to do so until FOMC. Afterwards, counting FOMC, there's still eight days left in the month to crash this plane straight into the side of the mountain all the way below July's lows as well. What's the fundamental thesis for my theory? It's simple. One is that they've been selling a lot of VIX-enhanced puts for the last week and a half and a bull run will drop VIX back to like 19 and all those puts that they sold with high implied vol for monthly OpEx will expire worthless. The second is that with VIX crushed, smart money can buy a large amount of October and November puts on the cheap for when we revisit 10,000 Nasdaq/SPX 3,500. And the third is that with the USD going rampant, Wall Street Journal reported today that foreign buyers are going full ape risk-off trying to buy US equities because their national currencies are collapsing. All on its own, perhaps it doesn't matter, yet consider that USDJPY is printing 143 and then Yen is the most worthless its been in 24 years: Japan is most significant since the Bank of Japan pays no yield on bonds and so all that old, generational money props up the US equities market as it seeks returns elsewhere. Also, the Bank of Japan's next meeting, where it really may have to finally abandon Yield Curve Control, is on the same day as FOMC: Sept. 21. If BoJ is forced to raise their rates, finally, to try to save the Yen, and the Federal Reserve does something fun like 100 bps at the same time, you really are going to see the market crash with astoundingly violent force. And if something this exciting were to happen, of course, as a Wall Street sociopath and a proper market maker, you would want prices to be high in advance, to take full advantage of the foreign market brought to you and the delightful opportunity to throw everyone off balance. For all of this to work out will require that we aren't yet at the bottom. And we're not. Instead, I believe the pattern will be some kind of support or double bottom or stop sweep established around one of the June pivots @ ~11,500. This is under the psychological 12,000 level and also doesn't totally break market structure yet. Then, to rip it in the other direction back to a reasonable level will require a number roughly like 13,400. I do not believe they will take out the August high because what will unfold is ultimately a bull trap and not a true bear squeeze or a trend reversal. Now you might think to yourself that this is too much volatility. This kind of pump is too far away, too fast. And this notion is really very reasonable. However, I want to point out that Nasdaq did better than this in March, where it ran 2,300+ points in 11 trading days. Actually, counting the first eight trading days only, it more or less made 2,000 of those points. And so, you all need to be careful. If this is totally wrong and you buy the bottom and it dies, well, it will hurt, but not so much if you keep your risk low. There will be good chances to buy a healthy gap up. Where you're likely to get hurt is bottom shorting. But the ones who are really going to get skinned are the FOMO crowd and the people who have no idea what time it is. For a few days you will have returns. And for one weekend in the middle of September, as the autumn air chills, you'll be able to enjoy martinis at the bar, feeling like you've made it back to Tesla $1,000 Apple $200 and are thinking about what to waste your future winnings on. But what comes after the Party is over will be like waking up from a dream and finding yourself inside of a concrete nightmare. Because the drive down this time won't be like January-May was. It will gap down and the Terminator will be deployed, and hard, a lot like the COVID days. But perhaps this time the Fed won't have any QE to save you with, because the intention is not to save you and keep the old Party going this time, it is to create a crisis and then save you from that crisis with a new Party composed of their technocratic paradigm of super communism.
CME_MINI:NQ1!
by LordWrymouth
4
DOW JONES hit the Higher Lows line. 1D RSI oversold.The Dow Jones Index (DJI) is on its 7th straight day below the 1D MA50 (blue trend-line) having fallen almost -10% since its August 16 High caused by the strong rejection on the 1D MA300 (yellow trend-line). The price has hit today the Higher Lows trend-line that started on the June 17 Low and had one more contact on July 14. This is the only Support level that stands before a potential June 17 Low re-test, which is also where the 1W MA200 (red trend-line) is currently at, the index' natural long-term technical Support. As long as the Higher Lows hold, we can expect sideways trading within that trend-line and the 1D MA50. If the latter breaks, consider it a buy break-out signal targeting the 1D MA300 again or at least the 1D MA200 (orange trend-line) which was hit both on the June-Aug and Feb-March rallies. If the June Low and 1W MA200 break, then we can expect a new Lower Low around the -0.236 Fibonacci extension, as the May 20 Low did. On a short to medium-term perspective, this is a buy opportunity as the 1D RSI is touching the Oversold zone that has been holding since the 2020 COVID crash. As you see, every direct hit in the Zone has delivered a rebound of at least +8.00%. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
2
DOW JONES on the 2008 crash fractal and how it avoids it. I've made many comparisons of Dow Jones' (DJI) 2022 Bearish Price Action with past Bear Cycles but being near closing its 3rd straight red 1W (weekly) candle since the August 15 rejection on the 1W MA50 (blue trend-line), it is time to update it. As you see, this is a comparison of Dow's 2021/2022 chart against 2007/2008. The dynamic factor is WTI Oil (black trend-line). As you see in July 2008 Oil peaked while the index had already started it's correction inside the new Bear Market. Dow's 1W MA50 rejection was followed by a sharp sell-off below the 1W MA200 (orange trend-line) where the 1W MA50 crossed below the 1W MA100 (green trend-line) to form a Bearish Cross. The time that the index reached the 1W MA200 from its Market Top was 37 weeks (259 days). At the moment the 2022 fractal looks to be following closely the 2008 sequence. If we exclude the fundamental extreme of the peak of the Ukraine - Russia war when Oil registered its peak (March 2022), its technical normalized top was in June 2022 right when Dow rebounded just before hitting the 1W MA200. See how even the 1W RSI sequences are identical so far. What this indicates is that Oil can continue dropping as the Fed attempts to lower an out of control inflation, but still stocks can fall along with it, just like it happened from mid 2008 to early 2009. As a result, the 1W MA50 rejection seems so far consistent with mid-phases of a Bear Cycle. Fundamentally, a big factor that is not consistent with the 2008 fractal is the strong labor market we're currently at, with the Unemployment Rate (teal trend-line) still on market lows as opposed to the 2008 fractal, which by the 1W MA50 rejection in May 2008, it was already rising aggressively. This means that technically, a weekly candle close above the 1W MA50 can be regarded as an invalidation of the Bear Cycle fractal. Also the 1W RSI printing Higher Highs can be taken as such. What do you think will happen next? Can Dow close above the 1W MA50 or August's rejection will hit the 1W MA200 as per the 2008 fractal? P.S. Because the chart has the added elements of WTI Oil and the Unemployment Rate plotted and pinned to scales B and Z, it is not constant and may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical/ horizontal axis in order to make it look like this and better understand what is illustrated: -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Editors' picks
TVC:DJI
by TradingShot
31
Selling rallies in US30USD following NFP beatUS30USD - Intraday - We look to Sell at 31991 (stop at 32442) The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Previous support at 32000 now becomes resistance. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our profit targets will be 30952 and 30700 Resistance: 32000 / 34200 / 36900 Support: 30950 / 29800 / 27000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:US30USDShort
by OANDA
Preferred trade is to sell into rallies on US30USDUS30USD - Intraday - We look to Sell at 32761 (stop at 33164) The medium term bias remains bearish. A Doji style candle has been posted from the base. We look for a temporary move higher. A Fibonacci confluence area is located at 32800. Preferred trade is to sell into rallies. Our profit targets will be 31822 and 31600 Resistance: 32800 / 34300 / 36800 Support: 32000 / 30400 / 29000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:US30USDShort
by OANDA
1
US30USD YM1! DOW 2022 AUG 29 Week US30USD YM1! DOW 2022 AUG 29 Week Last week's 33205 rejection provided short opportunity. Possible scenarios: 1) Long at 31780 support 2) Short on rejection of 32546 / 31780 / retracement on low volume Price reaction levels Short on Test and Reject | Long on Test and Accept 34027 33326 32546 31780 31780 Weekly: Ave vol down bar close off low = Supply + some demand Daily: High vol down bar close toward low = Supply, + some demand coming in H4: Climatic + high vol down bar close at low, breaking down a previous support = bearish absorption Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Selling rallies on US Wall St 30US30USD - Intraday - We look to Sell at 33964 (stop at 34295) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Horizontal resistance is seen at 34000. We look to sell rallies. Further downside is expected. Our profit targets will be 33212 and 33000 Resistance: 34000 / 35500 / 37000 Support: 33200 / 31600 / 29600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:US30USDShort
by OANDA
US30USD YM1! DOW 2022 AUG 22 Week US30USD YM1! DOW 2022 AUG 22 Week Last week supply returned for Scenario2 short opportunity. Possible scenarios: 1) Daily/Weekly analysis showed minor strength, let's see if demand is able to overcome supply for uptrend continuation. 2) Short on rejection of 34027 or market retraced on low volume. Price reaction levels Short on Test and Reject | Long on Test and Accept 34807 34027 33205 Weekly: Ave vol down bar close off low = minor strength Daily: Ave vol down bar close off low = minor strength H4: Very high volume up bar close off high followed by down bar = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Dow Jones, at the sensitive point. US30Hello my friends, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. The bars going to key level as a major resistance 34000-34150 as a resistance base and daily descending trend line, So this point very sensitive and I expect a pressure from sellers. also after this area is broken, next resistance will become active as a target. So monitor the price's action in the circles. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
UShort
by ArashBanakar
1
US30USD YM1! DOW 2022 AUG 15 Week US30USD YM1! DOW 2022 AUG 15 Week Last week market reached previous supply zone. Long on retracement continues still preferred Possible scenarios: 1) Continue of upward momentum for long on retracement 2) Short on rejection at channel supply Price reaction levels Short on Test and Reject | Long on Test and Accept 34807 34027 33205 Weekly: Ave vol up bar = minor strength Daily: Ave vol up bar = minor strength H4: Ave vol up bar = minor strength. Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! DOW 2022 AUG 01 Week US30USD YM1! DOW 2022 AUG 01 Week Last week market reached previous supply zone. Long on retracement continues. And if price broken down of channel is is rejected, target could be 30406. Possible scenarios: 1) Continue of upward momentum for long on retracement 3) Rejection at previous supply zone + breakdown of channel for short Price reaction levels Short on Test and Reject | Long on Test and Accept 32563 31867 30406 29639 26212 Weekly: Ave vol up bar close at high = strength Daily: Ave vol up bar close off high = minor weakness H4: High vol narrow spread up bar followed by ave vol up bar close off high = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677