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S&P 500: All-Time Highs and Potential DeclineS&P 500 (SPX) Technical Analysis The S&P 500 (SPX) has continued its bullish trend as anticipated the previous week, successfully reaching the projected target of 5450. However, it now appears poised for a potential decline. This Week's Outlook: The price is likely to experience a strong bearish correction as long as it trades below 5450, potentially reaching 5310 and 5260. However, the SPX is expected to consolidate between 5450 and 5260. Bullish Scenario: To initiate a new bullish trend, the price must close at least a 4-hour candle above 5450, targeting 5485. Sustained stability above 5450 would be required to confirm a bullish move towards 5550. Bearish Scenario: As long as the price remains below 5450, it is expected to drop towards 5345 and 5310. A further decline could see the price reaching 5260. Key Levels: - Pivot Line: 5450 - Resistance Levels: 5484, 5525, 5550 - Support Levels: 5372, 5320, 5261 Weekly Expected Trading Range: The anticipated movement range for this week is between the resistance at 5460 and the support at 5260. In summary, maintaining a position below 5450 suggests a bearish outlook with lower support targets in focus. Conversely, closing above 5450 could indicate a bullish reversal, aiming for higher resistance levels. Our Previous Weekly Idea: Fundamental Analysis:: Market Analysis: S&P 500 at All-Time Highs Amid Overbought Conditions Overbought Conditions Aren't a Sell Signal: A low VIX indicates an overbought condition, but it does not serve as a sell signal. Bullish Momentum in the S&P 500: The S&P 500 (SPX) is once again at all-time highs, with bullish momentum accelerating. Following a favorable interpretation of the consumer price index figures on Wednesday, the S&P 500 surged to new intraday and closing all-time highs. Fed's Impact and Market Reaction: Despite a somewhat lukewarm outcome from the Federal Reserve's FOMC meeting later that day, which triggered some sell programs, the overall buying momentum remained strong. Positive Indicators Amid Overbought Conditions: Our indicators have largely remained positive throughout this phase and continue to signal bullishness. However, overbought conditions are starting to appear, which is expected given the strength of the rally.
OANDA:SPX500USDShort
by SroshMayi
Trading Psychology: How to trade economic data.As traders, one of the biggest challenges we face is deciding what factors to consider when opening a trade: should we base ourselves on charts, news, macroeconomic data? Many opt for a combination of all these elements, and although all traders go through the same stages, there are different routes to success. The problem with following the crowd is that you end up doing exactly what everyone else is doing. The solution: forge your own path, with all the challenges this entails. Most traders follow the news, analyze the data and then compare them with the charts to try to determine the best entry point. And as if that were not enough, they often seek the opinion of other online traders to confirm their decision. However, consulting the opinions of others can be counterproductive, as they can alter, for better or worse, any personal opinion about the analysis we are conducting. We always tend to think that others know more than us and that if they think differently, it must be for some reason and that we will not be the ones who are right. This is just another example of market psychology and the human tendency to always follow the crowd, regardless of whether it is right or not. I believe that in order to make a living from trading, research must start with yourself, it is essential. And this is necessary to confirm or refute the information with which the market bombards us every minute. You need very intense training and experience to make a living from trading. How many traders trade intraday based on economic calendar data? How many really make money? It’s not worth it. Aware of the multitude of traders who congregate around the platform at key times, market makers have all kinds of tricks. Their favorite; the sweep. Up, down and both sides at the same time. Is a mental stop better? In my case, no. I don’t know how mentally strong you are, but the word says it all: mental-stop. When you expose yourself to letting the mind think, you are entering dangerous psychological terrain and it is very difficult, if you are losing, to close with discipline in each and every operation. Notice that I say in each and every one, because with not respecting a single one and that the price does not return in that operation to the entry point, it will be your elimination as a trader. Therefore, anything that can cause a loss is worth discarding. Greed doesn’t let you, we know that with a data in favor of our position you can make a lot of money but if the data is contrary and also forms a gap, no one will save us. And let’s not talk about if you are leveraged. Being leveraged and having the position run against you is one of the hardest experiences a trader can have. Seeing how your capital is destroyed at forced marches, how losses increase, how you are not able to close because you expect a recovery to do so is dramatic. Realizing that first loss, which at first seemed big to you and now doesn’t seem so much. You would “kill” to lose only that. Then, once you are losing a lot you will no longer be able to close. There comes a time when you assume it and let the losses run as far as they go. You have accepted it. You risk the account in the hope of recovering. This means hours of waiting for the desired recovery. In addition, the market is very rogue. After the fall comes the rebound, usually up to half. You get the idea that it is going to recover completely and instead of closing you hold on to see if the moment comes when you no longer lose anything. The market will make you believe that this is going to happen. You may even average (add more positions) so that the recovery is faster and by the way, if the price goes beyond where you have opened the first operation, you even come out with profits. But, as I say, the market is very cruel and when you start to dream and have hope again, it turns around and falls with even more force if possible, crushing your account and destroying your morale. The result we all know. If the account does not have enough capital to withstand the bleeding, margin call will “come to see us”. And if it does, it will take you days, weeks, months or even years to recover your capital, if you do. Days, weeks, months and even years without liquidity to do what you like the most, trading. In view of this, stoploss, as well as avoiding any situation that makes you lose is more than justified.
CRYPTO:BTCUSD
by CryptoCoBit
#DATA/USDT#DATA The price is moving in a bearish channel on the 4-hour frame and is adhering to it to a large extent The price rebounded well from the green support area at the support level of 0.04700, which is a strong level We have a trend to hold above the Moving Average 100, which is strong support for the rise We have very strong oversold saturation on the RSI indicator to support the rise, with a downtrend about to break higher Entry price is 0.0500 The first target is 0.0575 The second target is 0.06260 The third goal is 0.07000
Long
by CryptoAnalystSignal
RNDR Long Set-UpA long here with the sessions vwap being the first TP and aiming for the daily level above (purple line) which was the last level relevant untested level before the recent sell off, seems like the best move. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
RLong
by Navitility
GRT: $15.65 | an open Library can that can get data FAST fair Value is around 0.20 cents with float publicly distributed yet most of which is under the custody of a fund.. currently unloading on strength towards $0.40++ for next banker to peddle the next cyle by the halving of BTC it's an index protocol that organizes data for an efficient and quick .. SUPER FAST close to instant use of it ideal for Ai machines that shall build good stuff that require HUUUUUGE data info etc.. think of this as a system to build applications at the speed of thought the challenge is limitless close to imagination good luck maybe soon PUBLIC shall see the beauty of this GRAPH
by senyor
24
Aleph.im $Aleph.im #Aleph.imIMO Aleph.im is currently one of the most slept on projects that has made it through the last bear and still continues to build and has all the right narratives for this cycle. not only is it defi storage but they are also using A.I. and there are rumors of them doing some things in the RWA scene possibly later. If you look at the mkt. caps of the other file/data storage projects that it competes with you'll see that it is still very cheap IMO. I think that this can easily do a 10x in this cycle and i find it great for day trades and swing trades. It makes overly dramatic moves often and if you have conviction in your buying as well as the overall thesis it makes buying the FEAR easy and comes with great rewards often. I've seen this thing do 40-120% gains in a day often and it just keeps paying me. The levels are clean and easy to trade. Even set limit orders for buying and selling and let it make you $ while you sleep and or are at work. I think that it could easily be back into the 30-40 cents ranges over the next week and if we do get a sell-off in the overall markets ill be watching for new lows to buy myself.
COINBASE:ALEPHUSD
by rarebreed29
GRT The Graph $Grt #Grt The Graph is a great project that not only survived the bear but also has continued to build during the bear as well as create more real-world partnerships and use cases. Just 2 months ago in the start of March it hit $0.50 (50cents) and has since then suffered from a dramatic 60% correction that IMO was somewhat over done but i was grateful for another shot at buying lower to later sell higher. We have already had a nice bounce over the last couple weeks and i gain trimmed my position for profits/gains. If BTC continues to see some more downward pressure this week we may also see some more downside again and go back and test the lows. I'm personally already nibbling at this range and will continue to DCA all the way down and create a new larger bag again and take what the market gives me with intentions of selling in the next MAJOR pump we get and or true alts season if and when it comes. I would be buying like CRAZY if we get enough drama to give us that lower range in the 13-16 cents areas. In will be buying in a semi aggressive manner if we come back for a retest of this 20cents range, but I'm not quite sure we get that hence why I began nibbling here. Regardless I'm up on the play fir the cycle and can afford to take some risk with it overall. In the bigger picture i think it's one of the better plays to get into a situation where you end up holding it longer term and or if you wanted to only buy projects that you can set it and forget it. I think they will continue to do well in this cycle as well as make it through the next bear and be fine in the following cycle.
COINBASE:GRTUSD
by rarebreed29
NOIA continue uptrendLets continue to our journey to $25. It will be a mixed TA/Fundamental analysis Some words about marketing. When you hire a marketing "superstar" with huge background from traditional markets this doesn't mean results will be good, actually its the opposite, average marketing firm specialized in crypto would do a lot more and with less budget. After NOIA marketing team was restructured , mistakes considered, strategy changed things went way better. After retrace to fib -0.18 we saw a strong push to high resistance level of 0.271-0.307 . After we approached this zone there was a strong and most important concentrated attack by KOL's on twitter and we have eaten this zone easily. Well done marketing team! Also i am happy with the work of our Market Maker. They "painting" the chart respecting all resistance/demand zones, drawing flags and other patterns as from classical TA book! Marketing team, professional designer work, MM effort, fundamentals delivery all is working together ass "Swiss watch" mechanism! And all this aligned with ongoing bull run in crypto space. Next resistance zone is starting from 0.51 ( hi oldies ;) ) and goes to 0.55
NLong
by HeavyLT
12
Snowflake Unveils Data Clean Rooms: A Secure Cross- CloudData Clean Rooms, a technology born out of the need for secure data collaboration, have now been democratized by Snowflake ( NYSE:SNOW ), making them accessible to enterprises of all sizes. With the general availability of Snowflake Data Clean Rooms in AWS East, AWS West, and Azure West, businesses can now revolutionize how they share and collaborate on sensitive data, all within the secure confines of the Data Cloud. The integration of Samooha, a leading data clean room technology provider, into Snowflake's Data Cloud marks a significant milestone in the realm of data privacy and security. Recognized as one of the most innovative data science companies of 2024 by Fast Company, Samooha brings its expertise to Snowflake, enhancing the platform with advanced compliance, security, and privacy capabilities. Empowering Businesses Across Industries Data Clean Rooms have emerged as a vital solution for organizations grappling with the complexities of sharing sensitive data while adhering to strict privacy regulations. Previously, this technology was primarily accessible to large enterprises with dedicated data privacy experts. However, Snowflake's initiative changes the game by making Data Clean Rooms available as a native app within its platform. Businesses can now leverage Snowflake Data Clean Rooms to: 1. Unlock Value Through Secure Collaboration: Snowflake Data Clean Rooms enable teams to collaborate on sensitive data securely and cost-effectively. With pre-built industry-specific workflows and templates, organizations can derive actionable insights from their data without compromising security. 2. Tap into an Interoperable Ecosystem: Snowflake's open and interoperable Data Cloud ecosystem allows seamless collaboration with partners, regardless of their cloud provider. This eliminates barriers to collaboration and fosters innovation across industries. 3. Leverage Built-in Privacy and Governance Features: Built on the Snowflake Native App Framework, Data Clean Rooms ensure that data never leaves the secure environment of Snowflake. This enables organizations to maintain privacy while gaining deeper analytical insights with partners. A Shift in Data Collaboration Dynamics Snowflake's introduction of Data Clean Rooms signifies a paradigm shift in how businesses approach data collaboration. With third-party cookie deprecation looming large, the need for secure, cloud-agnostic collaboration has never been greater. Snowflake ( NYSE:SNOW ) is at the forefront of this revolution, empowering marketers and enterprises to unlock high-value business outcomes while safeguarding data privacy. As industries evolve and regulatory landscapes change, the adoption of Data Clean Rooms is expected to expand beyond media and entertainment into highly regulated sectors like finance and healthcare. Snowflake's platform, coupled with Data Clean Rooms, equips businesses with the tools they need to navigate the complexities of data collaboration in the modern digital landscape.
NYSE:SNOWLong
by DEXWireNews
DATAUSDT.2HThe chart you've provided is for Streamr DATAcoin (DATA) traded against Tether (USDT) on a 2-hour time frame. Let's dive into the technical analysis: Ichimoku Cloud: The price action is within the Ichimoku Cloud, suggesting indecision in the market. A breakout above the cloud could indicate a bullish trend, whereas a drop below might signal a bearish phase. Resistance Levels (R1, R2): There are resistance levels marked on the chart. R1 is not too far above the current price, indicating that it may act as a near-term barrier for price appreciation. Support Level (S1): The support level is quite a bit below the current price. If this level is breached, it could signal further bearish sentiment, potentially leading to larger price declines. RSI (Relative Strength Index): The RSI is just above 40, which is on the lower end of the neutral zone. This could indicate slight bearish momentum or potentially a consolidation phase. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and the histogram is negative, both of which suggest bearish momentum. It would be prudent to watch for any potential crossover above the signal line for signs of a changing trend. Volume: There isn't a visible volume indicator on this chart, which would help to confirm the strength behind any price moves. Conclusion: Based on the current chart, it seems that DATA/USDT is in a phase of uncertainty, with the price moving within the Ichimoku Cloud. The market appears to be waiting for a catalyst to determine direction. The bearish bias in both RSI and MACD suggests that caution is warranted. A breakout above the cloud and resistance levels, accompanied by increased volume, could be a bullish signal. Conversely, a break below the support level could lead to further declines. As always, it’s important to consider multiple indicators and market factors and to manage risk carefully when trading.
by MarsSignals
1
DATAUSDT.1DBased on the given market data for the currency DATA, the current price is 0.066 USDT. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. An RSI of 30 or less is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside. Conversely, an RSI of 70 or more is commonly interpreted as indicating an overbought or overvalued condition that may signal a trend change or corrective price reversal to the downside. In this case, the RSI for 4 hours is 48.58, which suggests that it is neither overbought nor oversold. For a 1-day timeframe, the RSI is 71.67, indicating a slightly overbought condition. This could suggest a possible price correction in the near term. The 7-day RSI is 80.84, further suggesting an overbought condition, hence a possible price correction in the longer term. The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD for 4 hours, 1 day and 7 days are 0.00122, 0.0049, and 0.0093 respectively. The positive MACD indicates that the price is on an uptrend. The Bollinger Bands (BB) are 0.074 for 4 hours, 1 day, and 7 days. This indicates that the price volatility for DATA is relatively low, as the Bollinger Bands are quite narrow. The support levels for 4 hours, 1 day and 7 days are 0.061, 0.061, and 0.054 respectively, while the resistance levels are 0.076, 0.079, and 0.100 respectively. These levels indicate the price levels at which the currency will likely meet resistance or support. In my opinion, the currency is currently slightly overbought, and there may be a price correction in the near term. However, the positive MACD suggests that the price is on an uptrend. Therefore, it might be a good idea to observe the market for a potential price correction before making a decision to buy or sell. As always, one should consider other market factors and indicators before making a decision. It is also advisable to consider one's risk tolerance and investment objectives. This analysis is for informational purposes only and should not be considered as financial advice.
by MarsSignals
1
DATAUSDT.4HBased on the provided market data, the cryptocurrency DATA is currently priced at $0.045 against USDT. The Relative Strength Index (RSI) over 4 hours, 1 day and 7 days are 31.83, 45.62 and 66.27 respectively. The RSI values suggest that the asset is currently in a neutral zone, neither being overbought nor oversold. The Moving Average Convergence Divergence (MACD) for the same periods are -0.0013, 0.00079 and 0.0055 respectively. The negative MACD on the 4-hour chart might indicate a bearish signal, however, the positive MACD on the daily and weekly charts may suggest a bullish trend in the longer term. The Bollinger Bands (BB) are at 0.054, 0.056, and 0.056 for the 4-hour, daily, and weekly periods respectively. The current price is below the middle band in all periods, suggesting a potential upward movement towards the band. The support levels are at 0.041 (4-hour and 1-day) and 0.029 (7-day). The resistance levels are at 0.050 (4-hour), 0.057 (1-day), and 0.054 (7-day). These levels will be crucial to watch as they could indicate potential reversals or breakthroughs. In conclusion, the market data suggests a mixed signal with short term bearish and long term bullish trends. It's important to consider other market factors and your personal risk tolerance when making investment decisions. This analysis is purely based on the provided data and does not constitute financial advice.
by MarsSignals
DATA (Streamr) is ready for a massive pump (2811%)DATA is starting something really huge. We can see that whales accumulated for a long time and now the price is breaking out of the accumulation phase. If we take a look at the volume indicator, we can see that the volume is astonishing. This definitely confirm our bullish bias. 2811% profit is not a sci-fi, but a real deal. Elliott Wave ABC corrective pattern is complete. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Streamr (DATA) is a project focused on seamless data exchange and monetization of this data. It’s a peer-to-peer (P2P) network for real-time data that runs on Ethereum, allowing smart contracts to be used to facilitate the exchange process. Broker nodes are the key element of the network, which work as follows: data is received from providers (also called publishers) and transmitted to consumers – this is the publish/subscribe pattern that the network uses. Sponsors (which may be publishers) pay DATA tokens into a smart contract (called a Bounty) to secure the operation of the stream. The data stream is secured by broker nodes mining Bounties, and relayed to subscribers through publisher or broker nodes (data streams are segmented). A number of technologies that have been developed to optimize Streamr are a hierarchically organized complex called the Streamr Stack. This complex supports uninterrupted data transmission in the Streamr network and consists of five blocks: smart contracts (responsible for optimizing relations between participants in the network's information market); streamr editor (a set of programming tools developed for the purpose of the project); streamr engine (responsible for analyzing, processing, refining data and monitoring network events); data market (a center for data streams and a platform where data is transmitted and received); streamr network (used to transfer data). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
18
DataDog quick look Datadog is a stock I've been monitoring for quite some time. DDOG broke the resistance from it's last high at just over $100. Before that in August 2023 there was a big gap down, the gap started at $105 and it's on it's way to closing it. I think a break of that gap, above $105, is a good entry point if you're looking to hold this stock for the long term. I think it's one of those companies where $1,000 investment will be worth $30k in 10 years. Who knows?? Maybe $117 - $121 will see some resistance, however, the hype associated with AI is attracting investors because this company would stand to benefit from those future revenues. DDOG has had nice bull runs in the past > 100%. Maybe we're at the beginning of the next big leg up.
NASDAQ:DDOGLong
by DontSlamTheDoor
3
DATAUSDT.4HBased on the provided market data, the currency DATA is currently trading at $0.049 against USDT. Looking at the 4-hour chart, the Relative Strength Index (RSI) stands at 53.02, which is neutral, indicating that the asset is neither overbought nor oversold. The MACD is positive at 0.0028, suggesting a bullish momentum. However, the price is below the Bollinger Band's middle line of 0.069, indicating a bearish trend. The immediate support levels are at 0.048, 0.040, and 0.033, while the resistance levels are at 0.054, 0.069, and 0.075. On the daily chart, the RSI is at 62.22, indicating a slightly bullish sentiment. The MACD is also positive at 0.0027, suggesting bullish momentum. The price is below the middle line of the Bollinger Bands, indicating a bearish trend. The support levels on the daily chart are at 0.051, 0.038, and 0.028, with resistance levels at 0.061, 0.072, and 0.076. On the weekly chart, the RSI is at 73.25, indicating overbought conditions and a potential for price correction. The MACD is positive at 0.0056, indicating a strong bullish momentum. The price is slightly above the middle line of the Bollinger Bands, indicating a bullish trend. The support levels are at 0.038, 0.029, and 0.020, with resistance levels at 0.067, 0.073, and 0.1061. In conclusion, while there are bullish signals from the MACD on all three timeframes, the RSI on the 7-day chart indicates overbought conditions which could potentially lead to a price correction. Meanwhile, the price being below the Bollinger Bands middle line on the 4-hour and daily charts indicate a bearish trend. Traders should keep an eye on these indicators and act accordingly. As always, it's important to consider other market factors and your risk tolerance before making investment decisions.
by MarsSignals