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SPX500, Major Gap Has Been Filled, What To Consider Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the S&P 500 4-hour timeframe perspective, the recent events, the gap-fill occurred, what to consider now and what are possible outcomes further next times. The major gap which the index formed in the corona-breakdowns seen this year has been filled now properly as expected therefore it is important currently how the index develops further and if there can come a possible continuation or fall back to lower levels, overall it is important to note that the recovery is not fundamentally backed as the real economy is still damaged by corona and the gains seen are mainly provided by retailers as smart-money is currently still staying out of the market, such perspectives can lead to a speculative market environment which does not mean it can convert to a healthy bullish environment but it means that rallies and new highs should be seen crucial, in this case I detected some important signals meaningful for the next outcomes of the index. Looking at my chart you can watch there that the index just confirmed recently the gap-fill and now it is possible that supply enters the market firstly providing a correction as such mechanism is seen often after such gap-fills, otherwise it is possible that bulls are strong enough and just move above the gap-fill-level. Currently it is more possible that the index firstly shows a pull-back and consolidation between the higher boundary of the channel and the support/resistance level as seen marked in my chart. Basically there are two possible outcomes given, the first is the bullish breakout scenario with a new high forming which is more likely at the moment as the index has some solid supports as you can watch, the second is that the index firstly visits lower levels to reallocate newly which is the unlikely scenario as the index firstly has to take out the solid support levels before moving on, but as the rally is still not fundamentally backed this scenario should not be ignored at all but when the index holds the support properly it will move on to form this historical new high which will be worthwile and will tell if its just a huge bull-trap or solid rally. The current situation is a situation where the index has to show if its underlying pace is strong enough to advance in the structure but when considering all this it is important that the real economy also recovers together with the market, till this is not happen all rallies happening are highly speculative and walking into the danger of a possible bearish volatility similarly to those seen this year. When the index takes out the previous high and forms another one it is from high importance to do this sustainable because when it does not and the area is just visit a short time to go back into the established range this can be a fake breakout leading to downside ahead. It will be highly interesting how this is playing out and if the index has the ability to take out the highs substantially. The next times will show how the more likely scenario is playing out and if this can also be backed of a solid real economy which is growing together with the market because this is what is needed till then the market is still in a unconfirmed status and can reverse to the bearish side back again which can be sudden and heavier than before. In this manner, thank you for watching, support for more market insight and have a good day! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets
TVC:SPX
by VincePrince
3
RUSSELL 2000, Trading Above Keylevel With Continuation Possible!Hello Traders Investors And Community, welcome to this analysis about one of the major stock market indices RUSSELL 2000, its 4-hour timeframe perspective, the recent price-action, the current formation and what to expect from the index the next times. Similarly to other preliminary indices the RUSSELL 2000 has recovered from its heavy corona breakdown seen this year but this does not mean the bear-market is overall over, in this case, all the main stock market indices begin to struggle with their uptrend growth and either consolidating or already building up downside potential, therefore, it is important to look at the facts and realistically measure what is possible in the next times and what is unlikely to do not get overwhelmed when things move into the reverse perspective, therefore I detected some important signals which will determine the further outcomes of this index. When looking at my chart now you can watch there that the index formed a symmetrical triangle below the meaningful falling resistance marked in blue which formed by the all-time-high and the tops formed in last price-actions. This triangle has successfully confirmed to the upside and the index managed to closer above the important falling resistance line where it consolidates currently as you can watch it marked in my chart, this consolidation and breakout occurred are two decent bullish signals playing to the possibility that the index can continue with bullish rising to the upside when there do not come any bearish signs which invalidate this scenario again. Furthermore, the trading above the 60-EMA marked in cyan in my chart is supporting this scenario which will be confirmed properly when the index manages to break out of the consolidation and move on as it is shown in my chart. Taking all these factors into consideration the index currently provides a more bullish than bearish outlook on the short-term, this is really important to note that the index has some potential in the short-term but it will run inevitably into resistance levels higher in the structure, this means a bearish reversal is not totally out of the sight as the uptrend begins to struggle and slowly don't this should not be kept by side. Also, the real economic situation is still providing a big divergence to the stock-market where real economy is damaged by corona and the stock market making almost exceptional growth to the upside where retail moves into the market while smart-money stays out of it this isn't a healthy environment where both factors real economy and stock-market growing together and therefore should not be ignored considering the next months and outcomes where the speculative rallies can reverse and lead to a shaky downside environment. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Information provided is only educational and should not be used to take action in the markets.
TVC:RUT
by VincePrince
1
S&P500: Formed new bottom. Expecting a rise.The S&P500 index has hit the 0.382 Fibonacci level after a 4H Golden Cross that turned the 4H technical outlook bullish (RSI = 59.782, MACD = 9.210, ADX = 36.280). As mentioned before, this is the same fractal of December 2022 to January 2023. Holding the 0.382 was key to sustaining a rise to the 1.236 Fibonacci extension. We remain bullish on S&P500, targeting the current 1.236 Fibonacci (TP = 4,670). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
5
NASDAQ, Trading In A-T-H Conditions, These Are Important Levels!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at the NASDAQ, its 4-hour timeframe perspective, the recent price-action-events, what is important to look at now, and what we can expect from the index further in destiny. The last weeks the NASDAQ recovered from the heavy corona-breakdowns seen this year and is now trading in all-time-high-conditions where a correction when not a bigger pull-back is possible as the index is showing reversal signs in the range, by the way, it is the only index which moved strongly above all-time-high while the other indices trading still below or near this condition, in this case, I detected some meaningful and important signals which will determine the outcome of NASDAQ sustainable. As you can watch now in my chart and what is really important in this whole environment the NASDAQ currently builds up are the established rising-support-lines which you see marked with the trendlines and the numbers 1,2,3, these are the preliminary trendlines holding the whole uptrend to the upside and therefore important to hold. Furthermore, you can watch that NASDAQ broke the first major trendline to the downside which can indicate a correction to test the next trendline as you can watch it in my chart, from there it is possible to back-up and move on when this is not the case it is overall highly important to hold the third major trendline in the structure because when this does not happen the index will show continuation downside in the bearish zone. Overall we can take note that the NASDAQ provided some healthy and strong up moves but to hold this it is from high importance that the index shows stabilization in the range and do not falls to lower levels again because when this happens the possibility for a more protracted continuation is given as the S&P and other major market indices still trading below all-time-highs and there are still big differences between real economy which is damaged of the declines seen this year and the stock market where many stocks showing growth the bear market is not from the desk and confirmedly over which can come back again with increased pace, therefore, it is highly important to not lose this scenario out of mind to be prepared when it shows to take appropriate action. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! The past, like the future, is indefinite and exists only as a spectrum of possibilities. Information provided is only educational and should not be used to take action in the markets.
NASDAQ:NDAQ
by VincePrince
5
DOW JONES, Short-Term-Gap Filled, This Levels Are Important Now!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at 4-hour timeframe of the major stock-market-index DOW JONES, what it is building up the last times, and what we can expect the next times. In a previous analysis, I gave a free signal for the index with the small-term-gap to be filled which now reached its targets fully and properly within the schedule, now this fact does not mean the index is completely bullish and will continue in this manner but it has some meaningful possibilities to do this when it manages to confirm given scenarios, there are some important levels and signals which I found which can affect the outcome substantially. As you can watch in my chart the index is trading in this important descending channel formation building a coherent upper boundary from its all-time-high to the previous highs established which it is currently testing to the upside, as the gap was filled and some supply entered the market the index is now consolidating between 26500 and 27000 which is overall a good sign that the index still holds this level. Furthermore, it has some decent support between the 26350 and 26500 levels which is marked in orange and building the lower range support below this level the index has also lower range support between 24700 and 24900 where it can bounce given within a solid likelihood. Now given these results we can come to the conclusion that the index has two possible scenarios to play out before it confirms the upper gap to be filled. The first scenario will play out when the index holds the current level and manages to move above the falling resistance to confirm above it therefore it is from high importance that the index does this with a decisive high volatile move, the other scenario is that the index firstly falls below the support in the range and confirms the overall lower support before it climbs up and sets up to fill the gap. As there is still some solid support in the range of the first scenario, scenario A is more possible within a given possibility of 65 % and scenario B with 35 %. This technical situation of the index does not alter the whole dynamic of the stock market which is currently trading in a speculative movement where many retailers enter the market while smart-money staying on the side-line. This can go some time but sooner or later the differences between the real economy and stock-market will be to be that either an adaptation of the two factors occurs or a shift into the bearish perspective again which can increase to the downside as there are many retailers in the market since the corona-breakdowns seen this year. The bullish short-to-middle-term perspective does not alter this fact therefore it should definitely not be kept aside, it will be highly interesting how this dynamic will develop. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Even though fortune's destiny seems obscure in the present, it is actually beginning right now. Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
6
SPX500-Index-Market-Status-UpdateHello Traders Investors And Community, welcome to this update-analysis about events since the last one, the current structural elements added to the environment, and what we can expect or nor expect from the SPX500 index. As mentioned in the previous forecast the index was and is trading in an important uptrend-channel which holding the whole bull-market construct to the upside since the corona-breakdown-lows seen this year, if you did not already see this analysis I highly recommend it to you when going on my account to have a full-depth-overview. As there increased the bearish pressure the last weeks due to new corona-fears and ongoing difficulties in certain fields which resulted in a swift down move with a gap developed and a piercing of the lower boundary the situation has altered to a shaky index right now, in this territory, we need to keep the possible scenarios coming upon us in mind to act accordingly when they happen and do not forget the still not recovered real economy. As you can examine now when looking at my chart is that the index pierced the lower line of the channel to the downside which can certainly be a bull-trap before moving higher but the volatility with which this breakdown happened should not be ignored also the gap which provided during this speedy bearish breakdown was more bearish than bullish. This case shows one more time how events can affect the price in a fast and undetermined manner. For now, the index has found some support at the 30-EMA you can see marked in orange within my chart and now setting up to possibly fill the gap which confirmed downside when this gap-fill play out now we need to keep in mind that after such a mechanism the supply in the market can increase again as there are still sellers in the level who want to sell at certain prices. Now when this overall scenario takes places it is from high importance for the index to hold the uptrend-channel to establish a solid base of support here because when this does not play out we will get bearish pressure to the downside for sure when confirming below. This will move the index to test remaining lower levels which will be the 100- and 500-EMA you can watch marked in green and black in my chart, in this case, the 500-EMA is extremely meaningful to establish support otherwise the index has a huge critical bearish zone below the EMA that is marked in red within my chart when the index confirms below that level it will increase bearishness to the downside and lower levels will be marked. On the other term when the index stays within the uptrend-channel it has to confirm above the established 3230 high to move higher and test the remaining all-time-high levels. When comparing the technical situation with the fundamental real economic situation we can take note that the rally seen since the corona-lows this year was mostly driven by fresh money pumped into the market and was a recovery of the heavy breakdowns established this year which is a normal mechanism but the fact that the real economy does not grow together with the stock-market and is still damaged from the events happened makes the rally a more unhealthy environment because the real economy and stock-market should move together, therefore when considering the next weeks to come and a possible bullish continuation it is from high importance that the real economy grows together with the stock-market otherwise this bullish rally which will establish would be a speculative money-driven bull-market with no underlying fundamental base of growth, such a speculative rally can lead to more difficulties in the aftermath where bearish pressure can increase again, therefore, the rally should be seen with an critical eye to be on the track in case of possible upcoming volatility. In that manner, thanks for watching, support for more market insights, and good day my friends. Prospect is the ingredient of good fortune. Information provided is only educational and should not be used to take action in the markets.
TVC:SPX
by VincePrince
5
Analysis of BANKNIFTY index on Daily chart (1D)Looks beautiful on the daily chart... I'm happy to see the breakout candle of the H&S pattern trendline (pink line)... Now, we can see the higher resistance shifted to 45300 / 45900 and support is shifted to 44500 / 44100 It's just a view of what I observed on the chart. I'm sharing my observation on this platform purely for education purposes and It's not a trading idea. I'm not a SEBI registered technical analyst, so consult your financial advisor before trade and trade based on your own knowledge and risk management...
NSE:BANKNIFTY
by jaydeep984trivedi
Will the #Dollar Index Rally Continue?Monday, September 10, 2023 In the weekly chart of the US #Dollar Index, the market structure appears #bullish. Recently, the market found support around the 104 level, and the Dollar #Index has reached the 38.2% Fibonacci retracement level as part of a corrective move. In this week's trading, if the current #uptrend continues, and the 38.2% resistance level at 105.45 is #broken, the market may find a clear path towards the 50% Fibonacci #retracement at the 107 level. However, if the #resistance zone at 105.45 holds its ground, the #upward #momentum in the market may be limited, and the Dollar Index could return to the 104 #support level, marking a 23.6% #Fibonacci #retracement #correction. So based on this analysis I suggests a bullish outlook for the Dollar Index.
TVC:DXYLong
by POUSHEINI
DOW JONES: The Channel bottomed. Strong buy opportunity.Dow Jones is once more near the HL of the five month Channel Up. The neutral 1D technical outlook (RSI = 46.013, MACD = -68.570, ADX = 21.330) further suggests that this is a low risk buy opportunity. The HL on the 1D RSI is consistent with the trendlines of May 31st and March 22nd all of whom where bottoms. As long as the 1D MA100 holds, we will be on a long position aiming at a +6 rise in total (TP = 36,000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
5