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DOW JONES: Correction imminent. Buy at the right time.Dow Jones made new All Time High yesterday and today reached the 0.786 Fibonacci Channel level of the 14 month Channel Up pattern. Needless to say it is massively overbought on the 1D timeframe (RSI = 79.702, MACD = 696.100, ADX = 90.584). The sheer strenght of this rise since the October 27th bottom can only be compared to the first rise of the Channel in October-November 2022. After almost reaching the 0.786 Channel Fibonacci level, it pulled back to the 0.236 horizontal Fibonacci and then moved to a +19% rise before a consolidation that made the Channel's blow off top. Consequently, we cease our buying at the moment and will wait for that short term correction to the 0.236 Fibonacci (36,160). This will be our next buy entry to target the +19% extension (TP = 38,450). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
SP500 D1 | Rising toward ATHSP500 is rising towards a swing-high resistance which is an all-time-high and could potentially reverse off this level to drop lower towards our take profit target. Entry: 4,795.57 Why we like it: There is a swing-high resistance that sits above the 127.2% Fibonacci extension level Stop Loss: 4,950.00 Why we like it: There is a resistance that lies above the 161.8% Fibonacci extension level Take Profit: 4,611.39 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:SP500Short
by VantageMarkets
NASDAQ: Channel Up soon to test the ATH.Nasdaq is almost overbought again on the 1D technical outlook (RSI = 69.937, MACD = 245.100, ADX = 36.889) but that shouldn't affect it much as it is trading on the lower band of the November Channel Up. Leg 1 of the bullish sequence that made the Nov 15th HH extended to the 2.382 Fibonacci level. As the 1D RSI is identical to that Leg and shows that we are roughly halfway there, we remain bullish aiming again at the 2.382 Fib extension (TP = 16,840) which is marginally over the All Time High of 16,780. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
S&P 500 Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Throughout the course of this week's trading session, the index remained relatively stable using our strong Mean Sup 4546 as a strategic price platform, notwithstanding moderate gains leading toward the Key Resistance of 4639 and Inner Index Rally of 4647. Moreover, the Inner Index Rally 4647 indicates a strong bullish trend for traders and investors to ponder. Once the market reaches the target price, the resulting squeeze could be substantial and chaotic. As a result, traders and investors should be cautious and attentive during this price action period.
SP:SPX
by TradeSelecter
S&P500: Ascending Triangle trading plan.S&P500 is trading inside an Ascending Triangle pattern with the price over the July 27th Top (R1) and bullish on the 4H technical outlook (RSI = 63.128MACD = 5.390, ADX = 23.122). Until the HH and more importantly the R2 level break, we will be bearish, targeting the S1 (TP = 4,550). Below the S1, the 4H MA200 is the target (TP = 4,480). If the price crosses over the R2 level, be ready for an end of year rally to the January 12th 2022 Top (TP = 4,749.50). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500
by InvestingScope
NAS100 TECHNICAL FORECASTHere I explain my forecast for Nas100,: For short position I will be looking for break of the support and a clear retest and find entry, and my target for short position will be 15560.0 level. For Long position , I am more interested on how market will react on the current support level, taking into consideration momentum, price action patterns and rejections I will be looking to buy the market at the support, using the basic law of trading which says " buy low and sell High" right now we are low at the support leve1.
PEPPERSTONE:NAS100
by juniormoseki1
DOW JONES Sell signal at the top of the 1 year Channel UpDow Jones hit the top of the 1 year Channel Up, achieving an unprecedented High of overbought conditions on the 1D timeframe (RSI = 75.323, MACD = 557.860, ADX = 77.014). The first signs of exhaustion are given by the Stock RSI, which is pulling back. So far this can only be a short term sell signal so we are only aiming for the minimum retrace of the 0.236 Fibonacci level (TP = 35,550). Beyond that we need to see a closing under it in order to make an extension to the 1D MA50 (technically) but that would negate a seasonal Christmas rally. So for now take we keep only a short term horizon. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
3
NASDAQ: Healthy pullback serving as end of year rally vessel.Nasdaq is pulling back today after the 1D MACD formed a Bearish Cross and the 1D technical outlook turned neutral (RSI = 54.419, MACD = 183.360, ADX = 45.724). This has so far achieved at offsetting the previous overbought condition on the chart. Technically it can be a HH rejection on a newly emerging Channel Up. This can serve as a buy opportunity either on the S1 level or if it is extended on the S2 and the 1D MA50 for the end of year rally. Our target is the ATH (TP = 16,775). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
1
S&P 500 Daily Chart Analysis For Week of Dec 1, 2023Technical Analysis and Outlook: The Spooz index in this week's trading session retested our completed Inner Index Rally 4590 of July 27, 2023, and is moving higher, targeting the Key Res 4630 and Inner Index Rally 4647, respectively. Once the market successfully achieves this target price, the follow-up squeeze will likely be significant and turbulent. Traders and investors should, therefore, be prudent and vigilant during this price action phase.
SP:SPX
by TradeSelecter
S&P500: Trading plan towards the end of the yearS&P500 is overbought on its 1D technical outlook (RSI = 72.156, MACD = 58.110, ADX = 59.863), a logical outcome considering the aggressive nature of November's rally. This rally is the HL rebound on the bottom of the 1 year Channel Up and is more effectively understood with the help of the Fibonacci levels and ranges. The price has been trading all week inside the 0.382 - 0.236 Fibonacci range, a band that kickstarted pullbacks on December 1st 2022 and February 2nd 2023. Both were accompanied by a 1D MACD Bearish Cross and pulled back below the 1D MA50 and the 0.618-0.786 Fibonacci Support Zone. On the other hand when the June 15th 2023 rally crossed over the 0.236 Fibonacci level, the uptrend extended all the way to the top of the Channel Up. Consequently we will buy if it crosses again over it and target the top (TP = 4,800) and sell if it crosses (and closes the 1D candle) under the 0.382 Fibonacci level and target the 0.618 Fib-1D MA50 band (TP = 4,410). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500
by InvestingScope
2
DAX: Approaching the All Time High for a low risk short.DAX has turned vastly overbought on the 1D timeframe (RSI = 80.023, MACD = 247.400, ADX = 61.180) with the 1D RSI reaching the highest levels since April 5th 2021. It is fast approaching R2 (16,535) which is the index' All Time High, technically a low risk short opportunity. We are looking to take it on next week's opening and target the 1D MA200-0.382 Fibonacci band (TP = 15,800). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Short
by InvestingScope