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Market indices

New Setup: QQQ Update"Courage is resistance to fear, mastery of fear, not absence of fear." QQQ: Only 6% of stocks are trading above it's 5-day average. Also the last time we saw such extreme levels lately was back on Aug 5th and Apr 15th. If you take a look at the QQQ chart, April 15th did continue to pull back like the SPY, but on Aug 5th it quickly bounced. So for right now the name of the game is to hold tight and be patient. Wait until I see the Markets start to get ready to close above its daily 5sma before looking for new setups.
INDEX:NCFD
by StockHunter88
Possible Cypher bullish pattern for Dow?Hi Guys, The US 30 has been getting sold off from its most recent high and there has been minimal to no interest for any support thus far. Currently it is testing the 50DMA and close to daily support level., where we may see a small bounce up to lower time frame resistance levels. A break and close below the 50DMA and further a break below support opens the door for the Dow to head to the FVG below, and a test of the 100DMA and a very obvious demand zone where a bullish move looks inevitable. If price does move to that area then there will also be the entry point for a bullish cypher pattern with excellent fib ratios. All in all nice confluence at the cypher entry point if price can get there. Daily RSI is currently not yet in oversold but could end up being so if we move down to the cypher entry zone, which will add to confluence. Furtermore, if the Dow can rally from there back up to the high then there could again be strong selling pressure at the 2.0 retracement of the bear market high to low located at around 45300 level. ( Dow did not quite hit that level on this swing lower and RSI was not in overbought albeit showing clear divergence)) Two potential huge risk to reward trades if price reaches these levels. Safe Trading all
BLACKBULL:US30Long
by elyask120
DXY SELL US Dollar rises after Fed's cut and hawkish outlook DXY trades rose above 107.80, reacting to the Fed’s anticipated rate cut. Markets parse new rate projections for 2025 and 2026. Traders assess Powell’s cautious yet hawkish remarksThe US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000). US Dollar Index on Wikipedia Being the Dollar Index a geometrically weighted index and not a trade-weighted one, it is too concentrated in Europe and does not include two of the U.S. top four trading partners Mexico and China. It does not appear to be used by corporates or many asset managers, like mutual funds, insurance companies, and endowments. It is primarily a speculative vehicle. It's also important to acknowledge that a geometric mean artificially lowers the value of the USD over time. More about the basics of the Dollar index! ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE US DOLLAR INDEX The US Dollar Index news can be seriously affected by the decisions taken by these organizations and people: Fed, the Federal Reserve of the United States whose president is Jerome Powell. The Fed controls the monetary policy, through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis. The US Government: events as administration statements, budget, new laws and regulations or fiscal policy can increase or decrease the value of the Dollar Index. The US Treasury Dept that defines its role as “the steward of U.S. economic and financial systems, and as an influential participant in the world economy.” US GDP (Gross Domestic Product), the total market value of all final goods and services produced in the United States of America. It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the Dollar Index, while a low reading is negative. WANT TO LEARN MORE ON US DOLLAR INDEX? The US Dollar Index Steve Misic Steve Misic Online Trading Academy When I write the Online Trading Academy Forex newsletter, I give my opinion about what I believe is happening to the currencies of the world based on the news I hear, the experts I follow, and my personal experiences of the economic cycles I have seen in the past. This fundamental information helps me understand what reports and indicators the economists of the world believe will shape future events. The Dollar Index – It Makes Sense Until it Closes Don Dawson Don Dawson Online Trading Academy Have you watched the US Dollar Index (USDX) Futures contract trade during the day? Do you notice that with each price change the intervals are always a minimum tick of .005? And then at the end of the day when you look at your daily candle of the USDX you see a closing price like 97.197. A Look at the US Dollar Index Sam Evans Sam Evans Online Trading Academy Over the last few months especially, there’s been a lot of focus in the world of Currency Trading upon the state of the US Dollar. No matter what your opinion is of the Greenback, it is still, without question, regarded as the world’s primary reserve currency and holds its weight of recognition across the board. Being the Dollar Index a geometrically weighted index and not a trade-weighted one, it is too concentrated in Europe and does not include two of the U.S. top four trading partners Mexico and China. It does not appear to be used by corporates or many asset managers, like mutual funds, insurance companies, and endowments. It is primarily a speculative vehicle. It's also important to acknowledge that a geometric mean artificially lowers the value of the USD over
TVC:DXYShort
by KingForex078
NAS100 NAS100 price is still in a strong uptrend, but we expect that in the short term, there is a chance that the price will correct in the 22195-22247 zone. If the price cannot break through the 22247 level, the price may decline. Consider selling in the red zone. *Very Risky Trade 🔥Trading futures, forex, CFDs and stocks carries a risk of loss. Please consider carefully whether such trading is suitable for you. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
VANTAGE:NAS100Short
by Serana2324
DXY Bullish trend continue**Monthly Chart** The Sept 24 candle formed an inside candle after it swept the liquidity from the previous candle low and tested the low of the July 2023 monthly candle at the midpoint of April 22 Fair Bullish Value Gap (IPA). The Oct 24 candle closed as a bullish engulfing candle, suggesting a strong bullish move for DXY in the next few months. This month's candle (which is still active) continued the strong bullish move for the DXY and took the liquidity above 106.49 and 107.34. I am still expecting DXY to at least move to test 110.00 before looking for any bearish structure. **Weekly Chart** Last week's candle closed bullish after swept liquidity above 107.348 level. Since DXY already took the liquidity. For Now, for DXY to continue the upward trend, it needs to form a bullish structure on smaller time frames for one more bush higher at least to test the low of 24 Oct 2022 weekly candle at 109.535 level. **Daily Chart** I would like to see DXY retrace lower at least to test 0.50 or 0.618 Fibs levels and FVG on the daily chart and form bullish confirmation for another push higher this week. This means a bearish continuation for opposite pairs to USD. Such as GBPUSD, EURUSD, AUDUSD..etc. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD.
TVC:DXYLong
by PropSignals
Do you see what I see? Uncle Roger quote: Haiya!FX:HKG33 Hello everyone! Do you see what I see? Haiya! not sure if the overnight fed news probably injected more booze; the Index seems continues to hangover and not gonna sober anytime soon. 4h chart Price movement - Bearish MACD Signal indicator : Bearish D chart no sign for bullish, the reversal seems not happening that soon. To gain some pocket money, from chart we do not go against the trend. Same old strategy - sell into resistance today. Be cautious if the reversal happens this week, tomorrow is the end of the week. As of writing, the index loss around 250++pips ; down around 1.45% this week. See W chart: Happy trading everyone and the Santa actually is there always, you can long/short for the 🎄 📦. Let's be cautious to protect our capital unconditionally while monitoring the movement let's Zen with 📙 & 🍵!
FX:HKG33Short
by ChenQianYu