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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. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
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!
OANDA:SPX500USD
by Vestinda
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.
BLACKBULL:NAS100
by praises700
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.
SP:SPX
by TradeSelecter
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.
BLACKBULL:NAS100Long
by praises700
NASDAQ Bearish DailyI'm Bearish on Nasdaq, Do to my view on TVC:DXY : We have Divergence on Daily Time Frame and I'm really looking forward to see Nasdaq Reach 14580 and also we have So much Geopolitical events going on in Middle-East. this will be my Bias for Day trade for up coming weeks. be cautious , This is not a good time to ignore Proper Risk Management These days. Write me your opinion on the Trading Pair! Disclaimer : This is just my Personal Anticipation on Nasdaq, Do NOT use this Analysis for your own trading With Real Money. Do your own research please. Sincerely, Sobhan JTN
CME_MINI:NQZ2023Short
by sobhanjtn
SP500 H4 | Heading into resistanceSP500 is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 4271.69 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 4321.41 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level Take Profit: 4193.74 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
Don't give up on the DAX just yetYes, the DAX is clearly within an established downtrend on the daily chart. And its drawdown from its record high is relatively shallow at just -11.5% by historical standards - meaning we suspect further losses could be coming. Yet its failure to break beneath the December high and March low has not gone unnoticed. And given it formed a bullish hammer around these key level with a mild bullish RSI divergence, we see the potential for some mean reversion over the near term. Keep in mind that we have flash PMIs for the US and Europe today along with a speech from ECB President Lagarde, US GDP, PCE inflation and a Jerome Powell speech also in focus this week. And that leaves plenty of room for volatility for global markets.
XETR:DAXLong
by CityIndex
NASDAQ What will happen with the conflict in Israel?The controlled progress of the US technology stocks index led to a 0.30% increase in the closing. The day started with an initial weakness and an opening at 14,514.1 points, below the lows of the previous session, but during the day, we witnessed a strengthening of prices. The technical analysis of the Nasdaq 100 reveals an expansion of the downtrend line, with a test of the support level at 14,403.1 and a resistance area identified at 14,964.3. The bearish structure suggests the possibility of testing new lows, which could be around 14,201.4. Exploring a potential initial bearish scenario, as seen during the Asian session, followed by a bullish outlook towards 15,300, could be interesting. Share your thoughts, and if you find this analysis helpful, feel free to give it a "like." Greetings from Nicola, the CEO of Forex48 Trading Academy.
CME_MINI:NQ1!Short
by Forex48_TradingAcademy
3
New Week, New Challenges! 💪Hey Traders! 🙌 New week, new challenges, and the markets are buzzing! 🐝 🔥 Bitcoin: It's at a pivotal 31K level. Keep an eye on the resistance cluster. If it breaks, we could see 45K. 🚀 📉 NASDAQ: Currently at a major resistance level of 14,646. Today's opening is crucial. Will it rebound or sink? 🤔 📊 S&P 500: We've been short and it's paying off. Watch the U.S. market opening closely. It's a 50-50 game right now. 🎲 🛢️ Oil: Closed long positions at 93. The Middle East situation is making it volatile. Don't fall for the long trap. 🚫 🔗 Link: Our next target is 14.44. The chart is straightforward and bullish. 🐂 🌍 And hey, it's 2023. Let's hope for peace and positive vibes all around. 🕊️ 🔒 Gold: Not my preferred asset, but if it breaks over 2001, I might go long. 🏆 That's it for now! Stay tuned for more updates. 📲 One Love, The FXPROFESSOR 💙 Video transcript: 0:05 New week, new challenges, let's go. Hi everyone wishes for a nice week. First of all Monday and a Monday with Bitcoin storming to 31k and getting rejected for the time being before it tests a very crucial resistance cluster which I have covered very, very recently in many occasions. 0:32 So we're going to go through my ideas, but just so that you know the levels. We have support at 29,000. 0:41 We probably have a lot of support over here. Moving exponential. Moving average around just below 30,000 also. And you cannot detect the 30,000 as a round number the same way. 1:00 You cannot leave this level here, which is also support. So. I'm expecting to test this major resistant cluster and then we'll see if we will have a breakout from here. 1:13 So let's put it there. Time has progressed a little bit. Okay. And that would be the big one because the next level. 1:21 Would be around 45,000 according to my analysis according to the same charts that I've been sharing in the last few months at the same time. 1:32 We have situation in the Middle East, which is no We'll have. We have been short on indices and I can tell you that Nasdaq has lost this major level. 1:46 Okay, so this is now Nasdaq at major resistance. At 14,646, so today's opening will be crucial to see if the indices will be able to do better. 2:08 Okay, and if they will be able to rebound from there, you can see how huge this level is. So according to my analysis, this level is going to cause concerns and we can see NASA dropping even more. 2:24 Similar chart. With SMP 500, which is has some support there, but we have been short from there. So let's go to this chart and then I will show you the easiest chart. 2:38 We have these last a few months and the best entry we had on link and why we did so well and why we have a new breakout. 2:46 And I can see 14.4 as the next target. But before we do that, let's go to the previous charts. So I have the video explaining why the 31 K is a pivotal level and why it's crucial. 3:02 And we are there chart that you looked just a few minutes ago. Of course, before that we had October. And most importantly, this entry here, which was up to 29, more than 75% possibility. 3:21 And the next level are 31 K and I called it. I had the the balls to. Say that maybe it's time to say ideas to 25 K or lower. 3:36 And of course from there, the chart worked exactly. We did have a retracement there at 26, 600 and we had a. 3:45 Hopefully entry and from there we've been going higher and higher. Okay. So 26 600 600 the last entry 29,000 checked. 3:56 You see how it acted as a level of resistance. The price thought and now almost. 31,000. We haven't checked my level clearly, but I believe that's what happening next. 4:07 At the same time, we need to, I mean, we can go through the altcoins. Okay. But before we do that, we had crude oil. 4:21 Okay. We closed along positions at 93 and we were very right to do so. You see this chart also working really, really well. 4:30 And the situation in Middle East is affecting the price of oil. Oil and a lot of trades are going long, big time on oil, but we didn't fall for that trap because that's what it ended up being. 4:41 And of course, S&P 500, given that we have altcoins we have Bitcoin and some altcoins. Long we had to be hedged. 4:51 So we gave a fantastic entry guys on S&P 500 short. And you can see again how this level played out very, very nicely. 5:00 And I believe that today's US opening will be very important. We already have NASDAQ and you saw it's under support. 5:10 S&P is going to check its own support. And then we'll see what happens at the US market opening if we will have a rebound or if it will go lower. 5:20 If you ask me right now, I will consider it's 50-50. I'm going to close with LingQ. So LingQ, the most straightforward chart you have, we have seen. 5:32 So the last entry we had was at 6.03. As you can see, you say, hey professor, Yes, sir. 5,000, blah, blah, blah, but is it really 5,000? 5:40 No, it's a lot more guys because it was open at 6.03 and it was compounded and doubled along the way. 5:47 But we took profit here and here. You can see how straightforward this chart is. Just like it's the simplest chart in the world is a channel, okay? 6:00 And resistance, resistance, resistance, support, support, support. Last time we have the fakeout here and the it's back on, back being bullish and the last entry was here at some different levels and a different exercise as I had shared with my audience over here and of course 14.4 is the next target 6:23 because what do we have today? We have the breakout, so if I go to the 15 minute chart, we had a breakout here and that means that this level is now the new support, okay? 6:37 And take a wild guess if the price dips under there. We'll go short. But for the time being, we remain long and the next target is 14.44. 6:49 Okay, let's not look higher. 14.44 would be an awesome level to conclude this trade, which again, we had already taken profit once, twice, but we actually did increase it here. 7:04 We've been quite active in my community with trading link and the chart has been working really, really nice. Now, link is a very important altcoin, but we could look at bitcoin first, so this is a bitcoin chart which I will share with you on a different post, just a chart. 7:27 So let's see how you are. Let's wish for peace in the Middle East and everywhere. It's the year 2023. Do we really need to kill each other and divide ourselves and think about all the negative things? 7:41 Or can we find some f****** solutions and work around? Something positive on this planet? Well, I don't know, but Bitcoin remains my top asset because if the shit hits a fan, Bitcoin is what I'd like to hold. 7:54 If the banks go bust, Bitcoin is what I'd like to hold. If the economy goes well, and that's what we hope, and if the trouble is saved, then we would like to see the ETFs joining, and Bitcoin has already, I believe, proved itself as the best safe haven. 8:10 I mean, maybe we should like take a look at gold before I go, and a lot of people rush it. 8:16 We are getting into buy gold, especially older fellas that they don't understand what Bitcoin is, but what we had here, October 20th, gold resistance 2001. 8:27 So I guess I was right again, at least for the time being, but that gives us a nice heads up. 8:33 To go short on gold and my target for gold is 1938 and 1881. Yes. If it does break over 2001, I'm going to go long to 2052 and eventually 2134, but that's not a lot. 8:48 I'd rather stick to Bitcoin, which again is my preferred assets. That's it from me. Take care. Catch up with you later. 8:56 I love you.
by FX_Professor