Indices
S&P 500 Daily Chart Analysis For Week of September 8, 2023Technical Analysis and Outlook:
The Spooz within the completed Pivotal Rebound, and Mean Res 4520 targets drifted lower to fulfill our retracement Mean Sup 4456 and is biased to go higher with the upcoming trading week. The possible Retracement Retest to Mean Sup 4370 and completed Inner Index Dip is not out of the trading envelope setup.
CME EMINI-NASDAQ100 INDEX FUTURES-LONG TERM OUTLOOKWe maintain the same outlook. Bullish structure in 5 impulsive waves. After the completion of wave 4 correction, the market is expected to resume its upward to complete the 5th wave of the same degree.
S&P500 Potential DownsidesHey Traders, in today’s trading session we are monitoring US500 for a selling opportunity around 4500 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 4500 support and resistance zone.
Trade safe, Joe.
DXY H4 - Long SignalDXY H4
So far the dollar playing out like poetry to start the week, we have seen the breakout following a smaller than expected correction yesterday, bullish bias confirmed nice and early in the week.
Not much US related data today, so let's see what unfolds as the overlap comes into play. Possible correction to retest the latest broken zone before taking off again.
Bullish on SPX500 (Short first)?I am still bullish on SPX500 via technical analysis.
However, I will be looking to short to reach my long target.
Will long with confirmation entry.
US30 Potential DownsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 34050 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 34050 support and resistance area.
Trade safe, Joe.
$NDX - Rising Trend Channel [MID-TERM]🔹Breakdown support of Rising Trend Channel in the medium long term.
🔹This indicates a slower rising rate at first, or the start of a more horizontal formation.
🔹Approaching resistance at 15800, which may give a NEGATIVE reaction.
🔹Once break upwards through 15800 will be a POSITIVE signal.
🔹Technically NEUTRAL for the medium long term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
$DJI - Rising Trend Channel [MID-TERM]🔹Achieved target price at 35137 after a breakout of the Rectangle Formation.
🔹Support at 34200 and Resistance at 35600.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Nasdaq: Continuation of an uptrendThe Nasdaq continues its upward trend, breaking the correctional trendline and forming new highs. Therefore, I expect it to target the all-time high.
If you find it useful, like, follow, share!
Good trading!
🔍 Understanding the Volatility Crush: Navigating ETH Recent PA
Hello, traders! In the ever-evolving world of cryptocurrency, we often encounter intriguing phenomena like the "volatility crush." 📊
🔍 What is a Volatility Crush? A volatility crush occurs when the price of an asset, in this case, Ethereum (ETH), experiences a significant reduction in its price volatility. It's like the storm clouds clearing after a turbulent period, leading to calmer, less erratic price movements.
💡 Recent ETH Price Action: Indeed, as you've observed, ETH exhibited rapid price movements at the end of last month. However, at the start of this month, there's been a noticeable decrease in trading volume and price volatility. This suggests a potential volatility crush in progress.
🌪️ Adaptability in Wild Times: So, how can traders adapt during such times of reduced volatility?
Diversification: Consider diversifying your portfolio beyond ETH. Explore other cryptocurrencies or assets to spread risk.
Risk Management: Tighten your risk management strategies. Lower leverage and set stop-loss orders to protect your capital.
Stay Informed: Keep a close eye on news and developments. Crypto markets are sensitive to external factors, and unexpected news can spark volatility.
Patience: Be patient. Reduced volatility doesn't mean inaction. It might be a good time to reassess your long-term goals and strategies.
Education: Continuously educate yourself about market dynamics. Understanding the underlying technology and market sentiment can guide your decisions.
Remember, adaptability is the name of the game in the crypto world. The ability to shift your strategies as market conditions change can help you not only survive but thrive in wild times.
Stay vigilant and trade wisely! 🚀📉
#CryptoInsights #VolatilityCrush #Adaptability #ETHPriceAction
Dow Kill zonesPlease enjoy my indicator
I made its a kill zone indicator but you trade between the zones
. The indicator directions explains it all.
Deluxo Capital
S&P 500 Daily Chart Analysis For Week of September 1, 2023Technical Analysis and Outlook:
The Spooz continued upside bias this week by ending its rally at Mean Res 4520. Continuation to completed the Inner Index Rally 4590 is a work in progress. However, the pullback to Mean Sup 4456 is also within the trading picture.
NASDAQ Potential UpsidesHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 15400 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more high from the 15400 support area.
Trade safe, Joe.
DOW JONES TRADE IDEAUS30 is on a bearish trend after opening and closing yesterdays New York session with strong sell. We should see a retest to the upside and have more bearish moves at the release of the NFP reports and the opening of the New York session.
NAS100 TRADE IDEA We have NFP today, NAS100 is forming a bearish trend, it is at a resistance level and we should see massive sells to the downside at the the open of the New York session and at the release of the NFP reports.
