DJI Potential For Bullish ContinuationThe overall bias for DJI on the H4 chart is bullish. In addition, price is above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 32257.13, where the 23.6% and 61.8% Fibonacci lines are located. We have a relatively safe stop loss set at 31007.33, where the 38.2% and 50% Fibonacci lines are located. Take profit will be set at 34106.01, where the previous high and -27/2% Fibonacci expansion line is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DOW
DJI Potential for Bullish Continuation | 9th November 2022The overall bias for DJI on the H4 chart is bullish. In addition, price is above the Ichimoku cloud, indicating a bullish market. Price has reached our pullback buy entry level of 32135.41, which is marked by the 61.8% and 50% Fibonacci lines. I've set a relatively safe stop loss at 30775.37, which is where the 38.2% and 78.6% Fibonacci lines intersect. My take profit will be set at 34106. 01, which is the previous high and the 100% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30 DailyPrice has touched a key area of daily resistance, looking left where sellers pushed price down heavily in the past. Price also rejected this zone today, which aligned with the descending trend line for a "3rd touch", where now we may see price reverse & make its way lower below this region.
Stocks Edge Up, but Face ResistanceStocks are incrementally ticking up, with the S&P 500 gradually testing higher levels. We are currently testing 3825 or so. Multiple red triangles on the KRI suggest that we are heading into resistance. The Kovach OBV is gradually trending up still, but we will need to see more momentum come through if we want to test relative highs at 3925 or so. If we retrace, we expect 3714 to hold as a floor price.
DJI Potential For Bullish ContinuationThe overall bias for DJI on the H4 chart is bullish. In addition, price is above the Ichimoku cloud, indicating a bullish market. With the NFP news data coming in below expectations, we are looking for a pullback buy on DJI at 30886.18, where the 38.2% and 61.8% Fibonacci lines are located. We've set a relatively safe stop loss at 29527.14, which is just below the previous low and the 78.6% Fibonacci line. The take profit point will be at 34106. 01, which is the previous high and the 100% Fibonacci line.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bullish Continuation | 8th November 2022 On the H4 chart, the overall bias for DJI is bullish . To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a pullback buy entry at 32135.41, where the 61.8% and 50% Fibonacci lines are located. I have a relatively safe stop loss set at 30775.37, where the 38.2% and 78.6% Fibonacci lines are located. My take profit will be set at 34106.01 , where the previous high and 100% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Stocks Edge Higher but Face ResistanceStocks are edging higher, currently testing 3782, a level we have mentioned several times before. This follows a precipitous selloff, as the reality quashed hopes (as it so often does) of a dovish pivot in Fed policy. We collapsed from the 3900's almost 200 points, and found support at 3694 or so. We are currently seeing a tepid rally that is running into a lot of resistance at 3792, confirmed by red triangles on the KRI. If we reject current levels than 3694 should provide support. If we are able to break out then 3848 is a good intermediary target before the 3900's.
Dow Jones Weekly Volatility Forecast 7-11 November 2022Dow Jones Weekly Volatility Forecast 7-11 November 2022
We can see that this week our volatility is at 3.25% which declined from 3.45% last week.
Currently according to ATR we are on 55th percentile, and according to VXD we are on 30th percentile, indicating in both cases, that we are currently is a stable market.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 20.7% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 33385
BOT: 31160
This can also be translated as a 79.3% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
35% chance that we are going to touch the previous high of 33100
70% chance that we are going to touch the previous low of 31700
DJI Potential For Bullish ContinuationOn the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. With the NFP news data released being worse than expected, we are looking for a pullback buy on DJI at 30886.18, where the 38.2% and 61.8% Fibonacci lines are located. We have a relatively safe stop loss set at 29527.14, which is slightly below where the previous low and 78.6% Fibonacci line is located. Take profit will be at 34106.01, which is where the previous high and 100% Fibonacci line is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bullish Continuation | 7th November 2022On the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a pullback buy entry at 30775.37, where the 38.2% and 50% Fibonacci lines are located. I have a relatively safe stop loss set at 29418.41, which is slightly below where the 100% Fibonacci line and 78.6% Fibonacci projection line is located. My take profit will be set at 34106.01, where the previous high and 100% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30USD YM1! DOW 2022 NOV 07 YM1!
US30USD YM1! DOW 2022 NOV 07
Hope you found our analysis from 17 Oct profitable as you saw
Scenario 2 Signs of Breakout being played out.
Possible scenarios:
1) Continuation long
2) Temporary short if 33326 / 32510 is resisted
3) Long if test of breakout 30513 is supported
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 34807 34027
33326 32510 31793
30513 28635
Weekly: Supply > Demand high vol down bar = possible weakness
Daily: UT + down bar + High vol up bar close off high = minor weakness
H4: UT + UT + ND = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DJI Potential For Bearish ContinuationOn the H4 chart, the price reached our sell entry at 33077.47, where the 78.6% and 23.6% Fibonacci lines are located. We've set a fairly safe stop loss at 34534.39, just above the previous swing high and the 100% Fibonacci line. The take profit will be set at 30886.18, the intersection of the 38.2% and 61.8% Fibonacci lines.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bearish Momentum | 4th November 2022On the H4 chart, the price reached our sell entry at 33075.03, where the 78.6% and 23.6% Fibonacci lines are located. We've set a fairly safe stop loss at 34461.48, just above the previous swing high and the 100% Fibonacci line. The take profit will be set at 30775.37, the intersection of the 38.2% and 61.8% Fibonacci lines.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Stocks Edge LowerStocks have edged lower. We have broken through 3758 which we anticipated as a strong support level. We are getting intermediary support from 3714, confirmed by green triangles on the KRI. The Kovach OBV has slumped, but does appear to be rounding off as the S&P 500 finds supprt. If we dig deeper, 3627 will provide further support. If we are able to pivot, expect resistance around 3792.
MACD Indicating Bullish Trend for Dow Jones despite Fed FearThe MACD is displaying a Bullish trend for the Dow Jones on the weekly timeframe, indicating more potential gains on mid-term timeframe. (Short-term outlook is bearish on daily timeframe). I am still bearish on long-term timeframe, due to completion of up-trend Elliott Wave cycle and now in the early stages of a down-turn in the market on multi-year scale. But, this MACD data is in line with my overall thesis that we are in an ABC correction in the mid-term with the possibility of continued gains in the coming months / next year. (But, with the B-wave dipping in between the A & C waves).
SPX500 / ES - The Faint of Heart Shall Have Fainting HeartsThe truth is that a difficult market will forge a trader (assuming you stay solvent, lol), whereas markets like the 2020-2021 bull run, which everyone so desires to reappear, do not. There is nothing to achieve by buying calls at literally any point, whether high or low, and watching it immediately turn green and run for days.
Of course, a lot of people still lost money buying the top and paper handing the retraces or being on short expiry OTM calls, but a gambler is a gambler and a professional is a professional.
This market is really hard to trade because it's not trending. It's still seek and destroy, and with a lot of psychological manipulation. All the sirens sing recession. All the wolves howl the Federal Reserve isn't going to pivot. Then YEN-USD is going to 250. WTI is going to $3,000. The UK is going to turn into Nigeria. Credit Suisse, which is already $3, is going to 50 cents and that's really scary "OMG it's Bear Sterns," wow this smells and looks like 2008, hah, hah! etc, etc.
The reality is that October has already made a new 2022 low, and after September already made a new 2022 low, and frankly, we're not done making 2022 lows quite yet.
But the truth is also that very few people understand how much of a problem it will be for what I dub the Eighth Communist International, more commonly known as the Democratic Socialists of America/Neoconservative-captained NATO bloc, to have the U.S. equities market crash before it is time to roll out the One World Central Bank Digital Currency, which will incorporate the notorious Chinese Communist Party's heinous social credit and "Zero-COVID" schema.
The reason you have never seen the US equities markets actually crash is this reason. The 2008 and 2020 crashes were called stop raids and buying opportunities.
The US equities markets have really never seen a bear market. You're still not in a bear market. You're just in the retracement of the greatest bull run the most ridiculously resilient stock market has ever seen.
To business: I believe that we will see SPX and Nasdaq both run, or at least bounce, their pre-COVID highs, because Dow already did in both June and September and October:
And where one goes the other two seem to like to play Monkey See, Monkey Do.
However, 3,000 SPX is a bit too much of a fall at present, to be honest, so I have my eyes on SPX following what Dow did in June, which is to bounce off the pre-COVID high around 3,400.
Note that next FOMC rate hike is Nov. 2, a Wednesday, and Timraios from WSJ, who is more or less JPow's unofficial spokesperson, has already said 75bps is inbound.
Note that last FOMC everyone and their vegetable crisper knew that 75 bps was en route and we still ate a massive 200 point down day that set off a formidable and sustained dump.
Note that the US midterm elections are Nov. 8 and that markets have often bounced afterwards and that it's likely that a Republican "Red Wave" will be regarded as bullish in terms of how the narrative is spun.
After all, the Neocons are, like, business people, or something.
But before we get there, this previous week's price action makes it clear, in my opinion, that before FOMC we are going to take the 3,820 mark and set a new October high. The question will be, then, can one go short, or do we get pushed even higher back to the 4030 range?
What will be tricky is if it lingers in the 38xx-39xx range until FOMC and the the FOMC manipulation wick is all the way into 4,000.
I really do not believe that we are going to see the SPX lose a thousand more points in 2022. I think we will see numbers like that occur when the problems between the Russian Federation and NATO exacerbate further. Russia is unable to back down from the war and NATO and DC cannot back down from the war. What lies ahead is a nuclear or biological conflict, for real.
The war is only going to end when there is a winner between the two, or more accurately, when Heaven settles our problems for us with a real disaster.
I also do not believe that the markets will crash at the Federal Reserve or the Biden Administration's hand. That will be terrible politically and will cause a lot of problems for the 8th Comintern on the global stage, so it will be arranged instead that the market crash necessary for the installation of global Communist social credit/CBDC is predicated on the back of a disaster that we will probably be told to blame Putin/Xi for, one that technocracy will be purported to save our very lives from.
But in the meantime I also do not believe that we have seen the 2022 bottom. I think there's a BIG Q4 rally en route wherein Nasdaq goes totally apeshit while energy stocks, oil, natural gas, and defense contractors dump, because the real problems are in 2023.
If you understand why the markets will do this, you will understand how if it unfolds as I have said, it is a Level 99 Red Alert. A real Level 99 Red Alert.
If this society makes it through to 2024, that will really be something.
The problems that lie ahead are that dire.
What I want to see and expect to see before that Q4 rally occurs is a "bullish breaker" that takes out the October low. A real likely candidate for how that unfolds is for it to occur in early November, arguably on the back of dovish news from FOMC, with November as a month ending up forming an outside bar that leads into a December and January mega rally.
If you do puts above 3,850 you should buy them with a lot of time on the contract and be prepared to have to average down. It may be worth hedging spot long with a liberal stop and a total willingness to abandon a green long early.
Apple needs to make a new low before you can put on your rally hats, but the manipulation is coming both ways so that you'll be scared to be long when you need to be long and will be scared to be short when you need to be short.
One last thing: Xi Jinping had his predecessor Hu Jintao removed from the Chinese Communist Party's summit today, Twitter says. No matter what Wall Street and Comintern 8 have planned, when the CCP falls, SPX is losing 1,000 points that day because it isn't on anyone's schedule.
Be careful. Danger abounds and this can end at any time.