The Russell, and other stock indices, have been in a retrace move since November 2021. High inflation and fears of a predicted recession are the driving force of the current downside. Is now the time to re-enter equities? Is the retrace move coming to the end? Have the markets found a bottom? Here are my thoughts... Fundamental Analysis Inflation is coming...
Seeing potential weakness across the indices. expecting it to trade a bit higher however. See NAS idea for further analysis.
Seeing weakness in the indices, looking for price to continue upwards to fill efficiencies before the potential reversal. Slow news week, not expecting anything major before thursday.
🇺🇸 US500 Time For An Upward Wave. 🇺🇸 Nearest strong support zone: around the 0.236 fibo level of the entire downward wave. 🇺🇸 Nearest strong resistance zone: around the 0.382 level of the entire downward wave. 🇺🇸 Technical environment: - Moving averages: Downtrend - MACD: Uptrend - RSI: Uptrend - Supertrend: Downtrend 🇺🇸 Price action: the US500 in recent...
Setup: Holp reversal at support Trade rating: 3/ Reward: risk: 1.5:1
🇺🇸 US30 End of The Correction. 🇺🇸 Nearest strong support zone: around the 0.5 fibo level of the entire downward wave. 🇺🇸 Nearest strong resistance zone: around the 0.618 level of the entire downward wave. 🇺🇸 Technical environment: - Moving averages: Uptrend - MACD: Uptrend - RSI: Uptrend - Supertrend: Downtrend 🇺🇸 Price action: the US30 is really doing great...
🇩🇪 DE40 Next Rising Wave. 🇩🇪 Nearest strong support zone: level 0.618 fibo of the entire downward wave, around 14593. 🇩🇪 Nearest strong resistance zone: level 0.786 fibo of the entire downward wave, around 15348. 🇩🇪 Technical environment: - Moving averages: Uptrend - MACD: Uptrend - RSI: Uptrend 🇩🇪 Price action: the DAX in December scored a correction of...
Dow has broken previous 33420.00 price (Resistance) and seems to be introducing new found support (if it retests) for a continuation of an overall uptrend. Let's see what happens when the market on the 9th of Jan. May the gods of forex be with us all 😍📊🤭💯📉💜📈⚡💲💸✈️
Technical Analysis and Outlook The downtrend to Inner Index Dip 3785 was completed two weeks ago and retested. The upside target to the Mean Res 3880 has been finalized, and the index continuously displays a bullish influence with the current market sentiment. The additional upside moves to Mean Res 4020, 4085, with Outer Index Rally 4140 currently being at the...
Hey traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 10950 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
As mentioned in the last post if price clears the lower end of the range the technical picture looks good for another nice leg down. Check out the same levels on a weekly chart for the bigger picture. Stocks may not be finished selling of...
DJ1 Index - The Dow Weakness likely on the asset, sell idea! Heed your DD!
For most of the last year, we held a bearish bias on the U.S. stock market. Starting in 2023, we maintain this stance and expect the market to dive deeper into a recession, dragging the price of SPX much lower from the current level. In fact, before the third quarter 2022 earning season, we outlined that the corporate earnings would reflect the worsening economic...
DXY D1 - For the last 2/3 weeks we haven't seen an awful amount of movement from the dollar and many other pairs that have yet to cause or given a definitive breakout to show currency bias/direction. I think this week will mostly be keeping an eye on the introduction of volume, headlines and everything else to follow which may give us an indication of what we...
The US 100 Index is looking to be buying the low price in order to go up to reach either 11943.00 or 12164.96. This is what I see when n the H1 timeframe.