US500: Intraweek Technical AnalysisThe US500 had a fourth bullish week after taking support from 50% retracement level of weekly time frame. The American index is now due for correction, despite of the strong bullish rally on Friday, the us500 opened gap down on Monday showing no interest in the buying side from Asian investors. My idea for current week is to look for short positions in us500 above 3900 with target of 3674.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
Cashindices
US500: Intraweek Technical Analysisthe SP500 maintained its downside move triggered by the interest rate increase and inflation surge, the SP500 lost another 100 points this week with an intraweek low of 3586 and intraweek high of 3737. For intraweek the SP500 may have found a bottom from where it can pull back for a short interval of time. For coming week we will first look for a strong support below 3600 , as we don’t have any major support at this level. Once the support is confirmed we will take entry at first resistance targeting the support.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
US30 : Intraweek Technical AnalysisLast week I was looking for short positions in US30 and I was expecting US30 to test its supports of 31000 and went all the way to 30500 extending its downtrend below the previous low of 31000. The US30 took support from a very strong support point where a lot of upper channel trendlines are passing . this level of 31000 is very crucial for the bull to maintain otherwise we might see the downward extension for another 1000 points to 29700. Currently the 21MA is above 50MA which is going to test the 50MA at 50% fib level on daily time frame. I am expecting a pull back to 32000 in coming week before interest rate announcement due on 21st of September after which the US30 will decide its next course for three months. My idea is that US interest rate will be in line with the market expectations. I am targeting 32000 and 31500 for coming week , with entries at 31000 and 30000 in case the downtrend persists before interest rate announcement for the first three days of the week.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30 : Intraday Technical AnalysisThe US30 cash index took rejection from 31700. As mentioned earlier my idea for this week for US30 is short only at strength. The price is taking rejection at 31700. My idea is to take position at 31700 after rejection and then my goal for intraday is 31300-31400.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30 : Intraday Technical AnalysisThe US30 took a huge dive after bein unable to cross the barrier of 33300. The downward move was triggered by the worst than expected inflation data from United States of America indicating a possible hawking monetary policy in near future. My idea is that the price action of US30 will now move towards the support of 30600, the price is expected to break the support, my strategy on US30 is still sell on strength with entry at resistance of 31000 and target the support of 30600.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
#US30 #DOW #wallstreet #cashindices
US 30: Intraday Technical AnalysisThe US30 once again took rejection from 32200. My idea is that the price is going to test the adjacent supports from where long positions can be taken. My goal is to enter after confirmation of supports near 31600 and 31200 with the goal of target resistance of 32000.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30: Intraday Technical AnalysisUS30 stayed sideways between 32500 and 32300 with false breakout both upside and downside. Today there are a more than three FEDs addresses at different times. My idea is that the US30 will test the supports of 32200 once again and resistance of 32600.My target is entry at 32200 after confirmation of support and my target goal will be 32500 and 32600 for intraday.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
HK50 Index Intraday Technical AnalysisHK50 Intraday Technical Analysis:
HK50 took support from 19240 in Asian session with an intraday closure of 19622 in Asian markets. The Asian index is expected to face resistance from this level . my target is the support of 19440 in intraday. My idea is entry at 19600 resistance level with the target of 19400 and 19200 support levels.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
HK50 Index Intraday Technical AnalysisHong Kong 50 index continued its downtrend during the hongkong / shanghai session. The HK50 index is trying to find support between 20700 and 20500. My idea is entry at 20500 and 20700 after confirmation of support and my goal will be the resistance of 21000.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
#HK50 #HongKongStockExchange #CashIndices
US30 : Intraday Technical AnalysisAs I said in my previous analysis that US30 is going to test supports of 33000 and 32500. US30 did test 32500 and took support from it with heavy volumes. But because of the FOMC and federal interest rate announcement , I am still expecting that market will test these levels once again. My idea is that bears will try to dominate around 33200-33400 while bulls are going to try to defend 32500. I will take entry at resistance of 33200 and 33400 with targets of 33000 and 32500.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics