S&P500 - 5000 Points In 2024Hello Traders, welcome to today's analysis of S&P500.
--------
Explanation of my chart analysis:
The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the rising channel above $5.000.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Americanindex
possible worst bearish trend for NQHello traders
concerning NQ i suppose that we will assist to 2 free falls if it breaks down these level 13499 and 120404.
it is clear , in my opinion, that NQ started its bearish trend that will accure for long time.
remember that we don't have a cristal ball predictiong markets future but we try to be more effiecient and more rational,it is up to markets to decide where to go.
good luck
please if you appreciate my analysis, make some comments and ask me explanation if needed
DOW JONES INDEX Analysis .I think CURRENCYCOM:US30 Index is facing a key level at around 24400 (Green Line) .As long as we don't close significantly , in an upcoming day , above the green line and break above the black line above it , I don't think there would be a reason to believe in a real bullish continuation and recovery of the DOW JONES .Price could try to break the green line by going back to the 22350 (blue line) area then bouncing up from there to break the green line area , but If the bulls fail to help the price bounce up from the blue line , there would be a considerable probability to break below the blue line and eventually return to the starting point at around 18250 .
SP500 - Where will it go?Hello traders! Let's see SP500 in daily timeframe! We can clearly see that's moving inside a descending triangle , there might be a breakout of the triangle but still not confirmed , that's probably a fakeout. So be careful and wait for a strong confirmation daily or better weekly , might lose some pip but would be a safer trade , that's just my opinion don't take that as a financial advice.