#SP500,The declines to where?The SP500 dropped last week and stopped just above the average moving line 100 on the weekly graph, if we look at history in the last two serious price correction, The SP500 fell and did not stop at the 100 moving average line, but continued to the 200 moving average line
According to Stochastic and RSI, the declines have not yet come to an end.
Right now the SP500 is still very technically bullish
Our target will be above the 200 moving average line: $ 2686
Indexsignals
#CAC40, The big landslide has begun?We are still a long way from getting the double top pattern confirmation but we have an interesting start here, just in case the CAC40 dropped below 5000 points so the trend change will be final.
RSI + Stochastic 2 These indicators indicate more room for declines.
Target: $ 5450
The Market Cap BTC Dominance has hit the strong resistanceThe Market Cap BTC Dominance has hit the resistance at 72.83 which is not broken since July 2017 and likely to fail in breaking out.
Volume profile since july 2017 upto now is showing less interest of traders at resistance level.
The RSI is overbought.
Stochastic has given bear cross from overbought zone.
MACD turned strong bearish.
Lagging span of ichimoku cloud is also moving down and we have a cloud support almost at 61.35.
And we have a strong price level support at 53.17 which is not broken since Sep 2018.
Volume profile since july 2017 upto now is showing less interest of traders below this support level.
If the price action may fails to breakdown the cloud support then we might have a sideways trend and during this we may enjoy the altcoins season but the real altcoin season depends on breaking down this ichimoku bullish could support and then 53.17 level support.
So Now the fear factor in trading altcoins should be decreased if you are trading altcoins with right strategy then Bitcoin cannot ruin your party it does't matter BTC price moves up or down unless the BTC.D does not take bounce form the support or the indicators again turn bullish.
This is the right time to trade the alts without fear.
Regards,
Atif Akbar (moon333)
#SP500 INDEX, On the way to breaking an all-time record?We have had Unconfirmed Double Top for the past few months.
Very bullish trend.
The Sp500 is on the way to test resistance at 3032 (an all-time record).
You can still buy and see that the sp500 crosses the resistance if the failure fails then it is worth thinking about a re-route.
Target: $ 3100
S&P500 has started forming wave E of Triangle in 4 Primary waveSP:SPX
Hello traders
I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month
I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got:
1 Primary wave:
Begin 666.8$ ending 1363.6$
1363.6 - 666.8 = 696.8$ Total
696.8 / 666.8 = 104.4% Total
3 Primary wave:
Begin 1074.8$ Ending 2872.9$
2872.9 - 1074.8 = 1798.1$ Total
1798.1 / 1074.8 = 167.4% Total
Fibo proportions between 1 and 3 Primary waves:
1. Amount propotions
1 wave 696.8 * 2.618 = 1824.2 3 wave equal 1798.1 Fibo harmony :)
3 wave 1798.1 * 0.382 = 686.9 1 wave equal 696.8 again Fibo harmony :)
2. Percentage
1 wave 104.4% * 1.618 = 168.9% 3 wave equal 167.4 % Fibo Harmony :)
3 wave 167.4% * 0.618 = 103.4% 1 wave equal 104.4 % again Fibo harmony :)
Such incredible Fibo harmony in proportions between waves shown me that I have deternined ending of 3 Primary wave absolutely correct and now 4th Primary is forming itself on the Chart. In according with Elliott's waves theory the most often structure of 4th wave in Cycle is Triangle and I suppose that intermediate waves A, B, C and D of triangle are completed already and in this month the Wave E has started. I think that the target of wave E is 2186$, cause if we put Fibo retracement on 3 primary wave 38.2% will be exactly in this area and trend line between minimums of waves A and D lead us to the same area, so I'm pretty sure that there is endig of 4th Primary wave and begining of 5th Primary.
So i supose that bearish market will continue till September or October of 2019 and will found its bottom between 2150$ and 2200$ at S&P500
But may be I'm wrong who knows only time will shows us
Wish good profits for everyone! :)
I hope my forecast will help to someone
FRA 40 (CAC40), Price is approaching to historical 13-Month HighI will open sell after fake broke of key level 5658.000:
- 5658.000 is a historical 13-Month High.
- Many retail traders set their stop losses above such historical highs. Big players hunt for such places to accumulate volume.
- Potential profit will be in 5...20 times bigger than risk.
If you already sell, then now even more! #SP500We recommend a sell signal although the trend is bullish and very risky to trade against the trend, the reasons are:
1. In the daily graph, we have a Double top and a stochastic that started its decline.
2. On the weekly chart according to the Stochastic, we are completely overbought (looking at the past we can see that this did not always cause significant declines)
3. On the monthly chart according to the Stochastic, we reach the last top line of the overbought
Our target 2775
Current price: 2928
US Dollar Index Technical Analysis: retraces down after US GDP DXY found resistance at the 98.34 level after the release of the US GDP (Gross Domestic Product) Q1. *Chicago PMI *CB Confidence * ADP Non-farm Employment Change and THe ISM Manufacturing PMI four Report looks better then ever . Until date 1, these three market mover data. last week's GDP growth and was solid. These reports are better then the ones that are good.
May 2 FOMC , Rate Decision and Press Conferences. Even before we saw that progress from the FED member to the Powell is good, trying to increase the rate of not being influenced of Dovish statement was very broad. This FOMC and Press conference will also try to keep the strongest Dollar stopping and rating the Dovish statement.
And 3 May, is the labor market report. if there is a chance to have a dollar strand even now that's why Apra will try to stop the dollar's power from being on the date with a Dovish statement. the ADP expects too much if the NFP expects less then before. so seeing the ADP report, we can be sure of how NFP can be. and if expectations are less then 1,00,000 / 81 thousand people, they can not be called bad. Below 150k is actually bad to say. The dollar must sell the market will not believe anything.
If we are part of the ISM Manufacturing PMI's Employment component, we can be more convinced about the NFP. ADP and ISM Manufacturing PMI's Employment component the main tool to learn how NFP can be our main tool.
TECHNICALLY the dollar index the projection of the reports is called positive forecast. In this case, the dollar index will break 100/100.40 at any time breaking 98.40. That means that around 200/25 pips will be able to make the dollar stronger, unlike Euro, Pound, and Swiss France. But the question is, what is so strong dollar for the American ? I do not thing so, but they will not be able to stop the reports.The hedge fund, the bank will not want to easily hit and hit it, but it will not stop because the reports are good. What can the FED do ? Yes, there is still a power in their hands that is FOMC. It can protect it from being too strong and i think that will happen.
Technical key levels:-
===================
Daily SMA100 96.66
Daily SMA200 96.17
Previous Weekly High 97.49
Previous Weekly Low 96.79
Previous Monthly High 97.71
Previous Monthly Low 95.74
Daily Fibonacci 38.2% 98.2
Daily Fibonacci 61.8% 98.12
#WALMART On the way to the double top?A strong and stable stock with an impressive performance so far. We believe that this trend will continue with all the good technical points.
The goal we set is the last peak of WALMART was on January 26 where it will create a strong double top pattern.
Entry Price: 98.92
Take Profit: 105
#DAX30 A mine on the way!An obstacle in the way, in the last few days we are on the upward trend that is still real today, so to those who ask how long will the gains continue? The answer in the graph above, We expect the dax30 will continue rise to the 200 Moving average and then it can give a downward correction Once this happens we will have to follow and see whether the decline will be just a correction or that it is a decline that will change the trend
Buy Dax 30:
Take Profit: 11790
#SP500 On the way to another summit?As can be seen in the graph above, resistance has been breached and as you know we have a simple rule if support or resistance breaks it is very good to enter the market in this case we recommend buying with a target price of 2940 At this price, the sp500 will have a real test and we will see whether it will pass it successfully or that it has created a double top pattern
Buy sp500:
Entre Price: 2845
Stop loss: 2790
Take Profit: 2940