GER40 Short There is a pattern on H4 and H1, There are multiple tops wit divergence, and the market sentiment for next weeks seems like it has to fall, this trade is with the daily trend so it should fall to the bottom.
Indices
US30 After the FED, 36,000 incoming!Regarding yesterday's trading day:
Checked progress for the American index, which closed up by 0.66%. The start of the day was quite promising for the index, marking an initial price at 33,988.8 points, staying above the peaks from November 2nd and continuing to rise during the session.
Currently, the short-term outlook for the Dow Jones indicates a strong ascent with a target set at 34,438.8. In case of a temporary correction, the immediate target is seen at 33,306.4. However, expectations are for the curve to rise further to reach the peak at 35,571.1.
Resistance 2:
34,438.8
Resistance 1:
34,061.3
Support 1:
32,551.5
Support 2:
0.7642
S&P 500 Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
The stabilized selloff in the bond market in this week's price action sent the index raging upward all the way up to Mean Res 4378 and completing our Inner Index Rally 4375. On the downside, the index will likely go down toward the Mean Sup 4238, followed by a series of price targets marked on the chart. However, due to the reactionary nature of the market, sudden fluctuations in either direction are possible.
DOW JONES TRADE IDEA US30 has been on a bullish trend since Monday trading session. We have NFP NEWS today and we should expect strong bearish candles at 13:30. US30 is at a strong resistance level, we should expect one more push to the upside and see strong bearish candles before the close of the market.
NAS100 TRADE IDEANasdaq 100 has been on a bullish trend since Tuesday trading session. We have NFP NEWS today and we should expect strong bearish candles at 13:30. Nasdaq 100 is at a strong resistance level, we should expect one more push to the upside and see strong bearish candles before the close of the market.
DAX: Approaching the 1D MA50. Buy the pullback.Target achieved on DAX (chart at the end) as the price made a straight rebound at the bottom of the Channel Down. The 1D technical outlook is neutral (RSi = 52.756, MACD = -158.600, ADX = 30.783) and being that close to the 1D MA50 without being bullish already, makes a short term pullback possible. On the long term, we expect a bullish breakout over the Channel Down as the current rally originated after an (almost) one month long 1D RSI Bullish Divergence. So as long as the price gets rejected under the 1D MA50, we will wait for a 4H MA50 pullback to open the new long and target the R1 level (TP = 15,575), a candidate to make contact with the 1D MA200 as well.
See how well our prior idea has worked:
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📈 BTC vs. S&P500: Broken Correlation & The Next Big Move!🔥🔀💰Wishes for a nice month everyone and let's all pray for logic and Peace in the World.🌍
🎓 November has started with a bang, and we're seeing some interesting movements in the financial market. 📊
🔍 Observations:
Bitcoin's Rollercoaster: BTC took a slight dip today, even after a splendid performance post the Federal Reserve announcement. 💸
Inverse Correlation Emerges: Historically, Bitcoin & S&P 500 moved hand in hand. But now? They're moving in opposite directions at times! 🔄
Past Patterns: Dive into 2018, 2019, and 2020, and you'll see this dance between BTC and S&P 500. Correlation breaks, then normalizes, and ultimately... BOOM! 🚀 A significant price movement ensues.
🤔 Thoughts:
ChatGPT Insights: Looked up ChatGPT for more on this correlation break. Factors like market sentiment, liquidity, and micro events could be playing a role.
Current Market Trend: Bitcoin's moving up while indices correct. What's next? We might see this correlation normalize soon. 🔄
The BIG Resistance: Keep an eye on Bitcoin as it approaches the major resistance level I've been talking about. This could be a pivotal point! 🔝
🔥 Hot Takes:
Bitcoin: Feeling bullish! Major support lies around 34,000, and I'm optimistic about BTC reaching the 37,000 mark and beyond. 🚀
S&P 500: Spotted a significant resistance at 4,327. Bearish trends have been dominant since last year, but a break above this resistance could change the narrative. 🐻 vs 🐂
In conclusion, watch out for the correlation between Bitcoin and the S&P 500. When it breaks and normalizes, it might just present a golden opportunity! 🌟 Keep observing, analyzing and take grown up decisions; stay vigilant, and remember to do risk management and have patience 💰
One Love,
The FXPROFESSOR 💙
link:
DOW JONES TRADE IDEA US30 has been on a bullish trend since the start of the trading week. US30 should continue to the upside to take resistance before the open of the NY trade session. We should expect strong bearish candles during the NY trading session till the close of the market. Remember to trade with caution as we expect the NFP on Friday and price could move with unexpected volatility at any point in time.
NAS100 TRADE IDEA NASDAQ 100 was on a bullish trend yesterday trading. we had Fed Interest Rate Decision and FOMC statement as news yesterday, we still have NFP on Friday so we should expect volatility at any point in time. we should see NASDAQ 100 pump to the upside to take resistance before the NY trade session and expect strong bearish candles after the NY session and toward the close of the market.
Time for a slight rebound?The S&P 500 Index bounced off the support near $4,103 on Friday. Then, today, the futures market opened up about 0.5%, bringing the index closer to $4,140 (by the way, on Friday, the futures market also opened up by approximately the same amount). Now, we will observe whether the index will overtake its Friday high; if yes, it will bolster the odds of a rebound in the short term (potentially up to somewhere between $4,200 and $4,300). For more clues about the rebound, we will also watch the Chinese stock market as we expect it to go through the relief ahead of the U.S. stocks (as a matter of fact, SSE has already been trending up in the last week, with HSI somewhat lagging). However, if SPX fails to take out its Friday high, accompanied by a spike in the VIX, it will alert us to more downside.
The list of some of the corporations reporting their earnings this week:
- Advanced Micro Devices NASDAQ:AMD
- Airbnb NASDAQ:ABNB
- Apple NASDAQ:AAPL
- Caterpillar NYSE:CAT
- CVS Health Corp. NYSE:CVS
- HSBC Holdings NYSE:HSBC
- McDonalds NYSE:MCD
- Pfizer NYSE:PFE
- Pinterest NYSE:PINS
- Shopify NYSE:SHOP
- Stellantis N.V. NYSE:STLA
Technical analysis gauge
Daily time frame = Bearish
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
DOW JONES: Started rising, at least on the short term.Dow Jones went from oversold to neutral on its 4H technical outlook (RSI = 51.457, MACD = -63.520, ADX = 28.038) as the price bottomed on the LL trendline of the three month Channel Down and rebounded straight to the 4H MA50 today. This is the short term Resistance, a closing above it confirms the 2nd part of the rally to the 4H MA200.
The 4H MACD is on the same Double Bullish Cross bottom formation as October 4th. The rally that followed rose by +4.05%. Consequently our bullish target (TP = 33,500) is under a max +4.05% range, as well as the 4H MA200 and the dashed LH trendline.
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NAS100 TRADE IDEANasdaq 100 close yesterday trading with over 1% bullish candles. we should have strong retracement to the downside before the New York session at 15:30.
DOW JONES TRADE IDEA US30 close yesterday with over 1% bullish candles. we should expect strong retracement to the downside before the open of the New York session at 15:30.
Outlook for the markets ES and NQHere is my trading idea and how I prepare for the markets.
Not financial advice only for entertainment purposes.
SP500 Sets to trend lowerGreetings, traders!
Analyzing the Consolidation Phase of SP500's:
The SP500 has been locked in a substantial consolidation period spanning the last 24 months. This extended consolidation often signifies a period of market indecision, with buyers and sellers in a tight tug-of-war. Such phases are crucial for traders as they often precede significant price movements.
Bearish Harmonic Pattern:
During this consolidation, a bearish harmonic pattern has emerged, casting shadows on the index’s future. Harmonic patterns, with their unique geometry, are potent indicators of potential trend reversals. Traders keen on technical analysis often scrutinize these patterns for hints on market direction.
August - September - October Decline: A Sign of Bearish Momentum?
A notable decline in August, followed by further lowering lows in September and October, underpins a growing bearish sentiment. These descending movements suggest a potential downward trend, capturing the attention of traders seeking short positions.
Key Levels: 4200, 4000, and 3880 - The Battle Ahead:
As the index hovers below the critical 4200 mark, traders are bracing for a challenging journey ahead. The next formidable support levels lie at 4000 and 3880. These levels, once breached, could trigger substantial market shifts, offering both peril and opportunity to astute traders.
RSI: A Guiding Star in the Storm:
Accompanying this price action, the Relative Strength Index (RSI) traces the market's movements. Notably, the RSI has carved a downward resistance line mirroring the index's descent. Savvy traders recognize this RSI trendline as a potential breakout signal, offering a glimmer of hope amidst the bearish landscape.
The SP500's current position demands a nuanced approach, with meticulous attention to patterns, support levels, and RSI signals. Arm yourself with knowledge and strategic insight to navigate these uncertain waters successfully.
As always, happy trading, and may your strategies be as resilient as the market itself!
US100, Nas100, NASDAQ100 SETUPif price should perform this
on Monday which is,
trading below the swing low
then I favor a reversal
or
if it doesn't trade below the swing
low, but rather trades below friday
low, then I'll go into the market
looking for a bullish setup.
With my TP set to friday high
and second tp set to where the
directional arrow ends.
else
If price should rally above the friday high.
Then I favour the market still going down
to the take profit below.
So i go into the chart with this perspective to look
for a reason to go short in the market.
S&P 500 Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook:
In this week's price action, the index bounced back to our expected target Mean Resistance of 4255 but quickly fell to retest our previously completed Inner Index Dip at 4212. It then hit the strategic point of the next Inner Index Dip at 4150 and is currently resting at a Mean Support of 4113. On the downside, the index will likely go further down toward the Inner Index Dip at 4055, followed by Next #1 at 3961 and Next #2 at 3850. All this is just for starters. However, there is a possibility of it bouncing back to Mean Resistance 4156.
How New Dollar Highs Affect The MajorsHi my trading friends,
Have you been following the dollar and what she has been doing over this past week? If not, I got you. The dollar made a new high after pulling back in a slight downtrend over the last few weeks.
We now need to see if price can hold that high position or fall.
Let me know in the comment section below what your next move will look like!
Like this post to boost it. Reply to let me know you care.
NASDAQ LONGNASDAQ long opportunity. Nasdaq100currently on 1hr imbalance which is at exactly in the discount range of the move that Broke structure to the upside (BOS) expecting steady up move up to 15013.4 also possibly going above that. Patience and risk management is key in trading ...
NASDAQ 100: Setup for next week / daysPrice has retraced into a level that is in for demand to flood the market. My stand for tomorrow friday is consolidation. If I were going to push the market higher for next week, I'll want Friday trading day to be an in trading day. I wouldn't want the market to go up or down, but consolidate. That will be a signal to me that market will be going bullish for next week.
However, if the market for Friday should trade and not consolidate, but rather create a new lower low. Then I can look for a reason to buy.
S&P-500: All Fibonacci SchematicsThis concept is known as Fibonacci Clustering. (many fib sets on eachother)
All Schematics have both Support and Resistance for future swings.
I will add more images below for you so you can visually understand what the Support and Resistance stems from.
Go to the linked idea for extra details if you want.
