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SPY S&P500 ETF Options ahead of the FED Interest Rate DecisionThe latest Consumer Price Index (CPI) report this week has shown inflationary pressures, with a 0.6% month-on-month increase in CPI, in line with expectations. Additionally, the core CPI, which excludes volatile food and energy prices, also saw an uptick, rising by 0.3% month-on-month, above expectations at 0.2%. On a year-on-year basis, CPI has surged to 3.7%, surpassing the anticipated 3.6%. Moreover, core CPI, at 4.3% year-on-year, has held steady as per expectations. These numbers underscore the persistent inflationary trend we have been witnessing. Such elevated levels of inflation can be concerning for financial markets, as they often lead to higher interest rates. With the upcoming FOMC meeting, there is speculation of another 0.25 basis points rate hike, which would further tighten monetary policy. In light of this, I`m considering the following Puts: September 29, 2023 expiration date, $440 strike price, and $2.25 premium, to align with the bearish sentiment. This strategy could potentially be prudent given the expected market conditions. However, it is crucial to remain vigilant, as market reactions to FOMC decisions can be unpredictable and swift. Looking forward to read your opinion about it.
AMEX:SPYShort
by TopgOptions
1
S&P500 Confirmed sell as it crossed the MA100 (1d).The S&P500 index crossed today under the MA100 (1d) for the first time since March 28th. Since October 2022, the pattern is a Channel Up and the current decline since the July 27th top still has room to fall before it hits the pattern's bottom. Trading Plan: 1. Sell on the current market price. Targets: 1. 4250 (bottom of the Channel Up and potential contact with the MA200 (1d)). Tips: 1. The bottom's of the long term Channel Up have beem formed when the RSI (1d) completed Lower Lows near or under the 30.00 level. Be ready to book the profit if you see a rebound after the RSI makes a Lower Low. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Short
by TradingBrokersView
DXY ANALYSISThe decision to raise interest rates is happening tomorrow. 99 percent estimate that interest rates will remain the same. As far as the analysis is concerned, we see divergences on both the momentum and RSI on the daily. I honestly expected it to reach the swing high of $106, but nothing is over yet. Will everything be so simple and the Shorters will win there or will the Fed do something again where both sides will lose It can be seen that the trend is weakening, but it is better to wait for the decision. If you like put like and comment!
TVC:DXYLong
by learnfromfailure
SPX, Major H-S-Formation To Crucial Reversal!Hello, Welcome to this analysis about the SPX and the daily timeframe perspectives. In recent times many indices within the market already showed up with precarious pullbacks in the structure that should not be underestimated so also the SPX. As when looking at my chart we can watch there how the Index is forming this major decisive head-shoulder-formation with the left shoulder and the head already completed. Now as the right shoulder develops in the structure this is a likely setup for the completion of this whole formation which will happen when the SPX finally breaks down below the neckline as it is shown in my chart. Such a setup will be the finalization of the whole head-shoulder-formation and the SPX is likely to follow up with a bearish continuation till reaching out to the 4.380 zone from where the situation needs to be elevated again. If the SPX in this case does not hold this level and do not shows up with a reversal in the structure the possibility of a continuation-setup increases in which the SPX will form a bear-flag or similar continuation formation. If this completes a continuation will move on within the bearish-continuation-zone marked in my chart in red. Currently we should not keep these determinations from the desk and be prepared on upcoming volatilities, it will be an important journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
7
RUSSELL 2000: Can drop more before an end-of-year rebound.Russell 2000 broke again today under the 1D MA200 after failing to close over the 1D MA50 on September 1st. Despite numerous breaks under the 1D MA200, all candles managed to close over it. If today's close under it (first time since June 5th) along with the bearish 1D technicals (RSI = 35.725, MACD = -19.100, ADX = 32.380), we expect the price to drop more inside the HL Zone. Then it will become a buy opportunity again and we estimate an end of the year rally towards the R1 Zone again (TP = 2,015). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CME_MINI:RTY1!
by InvestingScope
3
S&P500: Channel Down bottom and HL Support cluster. Buy?S&P500 hit today the HL trendline from the August 18th Low, while approaching the bottom of the Channel Down pattern. Despite this short term weakness, the 1D timeframe remains on neutral technicals (RSI = 46.932, MACD = 8.582, ADX = 32.119). This indicates that it may be an opportunity for sideways trading until we see a clear long term trend. Consequently, we are buyers on this level, expecting a rebound to the top of the Channel Down and the 0.786 Fibonacci level (TP = 4,490). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
1
HANG SENG: Buy signal on the bottom of the Channel Down.Hang Seng got rejected on the 1D MA50 two weeks ago and is headed again to the bottom of the Channel Down pattern. The 1D timeframe turned red again on its technical outlook (RSI = 41.280, MACD = -221.700, ADX = 20.498) and this is becoming a buy opportunity again. Every prior rise inside this Channel Down has been at least +10.90% so the one that started on the August 22nd low isn't technically completed. Buy and attempt contact with the 1D MA200 (TP = 19,400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
HKEX:HSI1!Long
by InvestingScope
1
Euro Currency Index: The Future of the Eurozone?The Euro Currency Index is following the price action that I talked about in my last analysis. For now, not big changes when it comes to technical analysis. Technical analysis On the 30-minute chart, EXY is trading in a descending channel. This suggests that the bears are in control and that the index is likely to continue to decline in the short term. The next key support level is at 100.00, followed by 99.00. On the 4-hour chart, EXY is also trading in a descending channel. However, the channel is starting to widen, which suggests that the bears may be losing momentum. The next key support level is at 100.00, followed by 99.00. On the daily chart, EXY is trading below its 200-day moving average. This is a bearish signal, and it suggests that the index is likely to continue to decline in the medium term. The next key support level is at 100.00, followed by 99.00. Fundamental analysis The eurozone economy is facing a number of challenges in 2023. The war in Ukraine has caused energy prices to soar, which is putting a strain on businesses and consumers. Inflation is also at a multi-decade high, which is eroding household purchasing power. In addition, the European Central Bank (ECB) is expected to raise interest rates in the coming months, which could further weigh on economic growth. Despite these challenges, there are some positive signs for the eurozone economy. The unemployment rate is at a record low, and consumer confidence is starting to rebound. Additionally, the ECB has announced a number of measures to support the economy, such as the new Transmission Protection Instrument (TPI). I hope this post is helpful. This analysis represents my thoughts at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
TVC:EXYShort
by YExplore
The US Dollar Index: A Symphony of StrengthOn a smaller timeframe, the DXY price direction is still not fully decided. According to the current analysis, we are currently in a Wave 4. The price will correct on the downside soon. I marked 3 potential levels where it can retrace. It is not mandatory for the price to touch them all, however, the price can go even lower than the marked levels - it's all up to the market in the end and we need to be careful to any potential sudden change. On the daily chart, the DXY is currently in a descending channel that began in early 2023. The channel is defined by a resistance level at around 103.50 and a support level at around 100.00. The DXY is currently testing the resistance level and could break out to the upside if it can close above this level. However, if it fails to break out, it could fall back to the support level. On the weekly chart, the DXY is also in a descending channel. The channel is defined by a resistance level at around 103.00 and a support level at around 98.00. The DXY is currently testing the resistance level and could break out to the upside if it can close above this level. However, if it fails to break out, it could fall back to the support level. Fundamental analysis The US dollar has been strengthening against other major currencies in recent months due to a number of factors, including: Rising interest rates in the United States: The US Federal Reserve has been raising interest rates in an effort to combat inflation. This has made US assets more attractive to investors, which has led to an appreciation in the value of the US dollar. A strong US economy: The US economy is currently the strongest major economy in the world. This is due to a number of factors, including strong consumer spending, low unemployment, and a robust labor market. The strength of the US economy has also made US assets more attractive to investors, which has led to an appreciation in the value of the US dollar. Uncertainty in other major economies: There is a great deal of uncertainty in other major economies, such as the eurozone and the United Kingdom. This uncertainty has led investors to seek refuge in safe-haven assets, such as the US dollar. The outlook for the US dollar is mixed. On the one hand, the factors that have been supporting the US dollar in recent months are likely to continue to do so in the near term. This suggests that the US dollar could continue to strengthen against other major currencies. On the other hand, there are a number of risks that could derail the US dollar's rally. These include: A recession in the United States: A recession would have a negative impact on the US economy and could lead to a decline in the value of the US dollar. A slowdown in the global economy: A slowdown in the global economy would also have a negative impact on the US economy and could lead to a decline in the value of the US dollar. A change in US monetary policy: If the US Federal Reserve were to reverse course and start cutting interest rates, this could lead to a decline in the value of the US dollar. Overall, the outlook for the US dollar is mixed. The factors that have been supporting the US dollar in recent months are likely to continue to do so in the near term, but there are a number of risks that could derail the US dollar's rally.
CAPITALCOM:DXYShort
by YExplore
DXY, Huge Drop Incoming, H-S-Formation Completion!Hello, Welcome to this analysis about the DXY US-Dollar Currency Index and the 4-hour timeframe perspectives. In recent times the Index is forming important developments that should not be underestimated as inflation pressures on fiat and there is an inflation rate never seen since more than 35 years the DXY is setting up for a dump to the downside. Looking at my chart we can watch there how the Index is building this main head-shoulder-formation in the structure, with the left shoulder and the head completed and now in the right shoulder the Index is forming this bear-flag-formation-channel of which the right shoulder consists. In this case now when the Index finally breaks down below the neckline this will show the confirmational completion of this whole formation and the Index will set for further continuations as well as activate the target zone seen in my chart. Once the target zone has been reached it has to be elevated how the Index moves further and if there comes a potential reversal or just a devastating bearish continuation, it will be an important development ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DXY
by VincePrince
5
SPX, Bull-Flag-Formation, Breakout Incoming!Hello, Welcome to this analysis about SPX, we are looking at the 4-hour timeframe perspectives. The S&P 500 Index in recent times is forming some interesting structures that can convert into a great breakout with increased volatility as I detected. When looking at my chart now we can watch there how the Index marked above the paramount support level of 4375 marked in my chart in blue, also corresponding with this support level are the 25-EMA in red and the 15-EMA in green building a coherent and solid support base together with the horizontal support. Furthermore, the Index above this level here is building a great bull-flag-formation that is already in the last stages of completion as the wave-count within already finalized the waves A and B in the structure and now with the wave C bouncing in the lower boundary and the main support base it is the likely source of the completion of this whole formation. The bull-flag will finally confirm and activate targets once the Index is marked above the upper boundary, such a movement will indicate further continuations to the upside and activation of the target zone within the 4550 level marked in my chart in black. Once this level is reached it has to be elevated if the Index manages to continue further bullishly or firstly reverses to come up with a pullback which is also not unlikely in this case, it will be an interesting and important development ahead. In this manner, thank you for watching my update-analysis about the S&P 500 Index and the main bull-flag-formation with the upcoming breakout to consider, support the analysis with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
TVC:SPX
by VincePrince
12
DXY Index, Bearish Reversal High Likelihood!Hello, Welcome to this analysis about the US-Dollar Currency Index, we are looking at the 4-hour timeframe perspectives. As I detected recently the index is forming an important formation that has a high possibility to be the origin of a bearish reversal to the downside that should not be underestimated. As when looking at my chart now we can watch there that this is an ascending-wedge-formation which I have marked with the blue boundaries. Within this wedge, the index has its coherent wave-count with the waves A to E already completed and therefore technically the wave-count-basis of the wedge finalized. This is why the likelihood that the wedge confirms bearishly to the downside in the near future is higher, such confirmation will finally happen when the index closes below the lower boundary of the formation which will be the origin for further bearish downside price-action as it is marked in my chart with the final confirmation. Once the whole wedge-formation is completed bearishly the index will appoint the target-zone and when the targets have finally reached the situation needs to be elevated anew if the index manages to hold this zone or continues bearishly further. In this manner, thank you for watching my analysis about the DXY Index and the highly likely bearish reversal incoming in the near future, great when you support it with a like and follow or comment for more market insight! Information provided is only educational and should not be used to take action in the market.
TVC:DXY
by VincePrince
6
DAX Index Is Forming This Decisive Ascending-Wedge-Formation!Hello, Welcome to this analysis about the DAX Index in which we are looking at the 4-hour timeframe perspectives. In trading, it is always necessary to assess the market by a neutral perspective to come up with the most possible scenarios and move on with the opportunities resulting out of it rather than over-speculating the market into a one-sighted direction in which one does not have an exit plan and gets overwhelmed by circumstances when they show up. In this case, now I discovered a very interesting formation developing in the Dax Index and what are important factors, upcoming determinations, and aftermath-developments we should consider in this structure. Structural Developments: As when looking at my chart now we can watch there how the Index has emerged with this major ascending-wedge-formation in the structure marked in my chart with the black boundaries. Within this ascending-wedge the Index has the coherent wave-count with the waves A to E almost all already completed and now the index already showed up with an increased bearish pullback from the 15800 level in which it is testing and penetrating the lower boundary of the formation now again. Furthermore, it is necessary to register that the index moved below the 45-EMA marked in my chart in red which was previously support and is now a strong resistance by which a pullback is highly likely. Upcoming Determinations: Taking all these factors into the consideration the index is in a decisive situation now as when bearishness increases further in the near future this will lead to a breakout below the lower boundary and such a breakout, as it is marked in my chart, will complete the ascending-wedge-formation bearishly to the downside and the index will highly possibly move on with further bearishness to the downside. The final wedge-completion will activate the targets within the 14800 level marked in my chart in blue and when these targets are reached the situation needs to be elevated anew, it is also strong support therefore a stabilization in this structure has increased potential. In this manner, thank you for watching my analysis about the DAX Index and the important decisive ascending-wedge-formation currently forming, great when you support it with a like and follow or comment, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
XETR:DAX
by VincePrince
5
Usd still bullish,but could see some headwindsUsd broke up higher into the green zone as shown on chart. Could face some strong R here. Just watch and act accordingly. Cheers! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
TVC:DXY
by Shadowing_The_Big_Boys
NASDAQ, Penetrates Key Upper-Boundary, Upcoming Perspectives!Hello Traders Investors And Community, the NASDAQ in recent times as I discovered is showing up with some interesting signs in the structure as there remain important resistances it can also not be kept from the desk that there is a potential to see a determined continuation of the previously established uptrend therefore however the NASDAQ needs to show decisive price-action in which it has the ability to breakout above this main ascending-channel-formation I discovered recently. When this is the case and the NASDAQ manages a sustainable breakout with an increase of spread and volatility this can lead to great upcoming potentials in the structure and activation of further targets, therefore I detected all the important levels and likely destinies we should consider. As when looking at my chart we can watch there how the NASDAQ developed this massive ascending-channel-formation in which it has two significant zones, the first is the lower accumulation range and the second is the higher distribution range. Furthermore, the NASDAQ has the coherent wave-count within the channel in which it already completed the waves A to C in the structure and is now approaching the distribution range once again which is a very likely origin of wave D to the downside as the distribution will follow-up here. This wave D will then move on to test the lower accumulation range marked in green which is an important zone to hold and back up for the NASDAQ. Taking all these factors into the consideration it will be highly important on how the NASDAQ continues within this channel-formation, when it moves on with the wave-count as expected and completes it to finally show up with further bullish demand-increase this can lead to a dedicated upside-breakout sooner or later in which NASDAQ will provide the right setup for a wave-E-extension to the upside with increased spread and volatility as it is seen in my chart. For now it will be important on how the NASDAQ moves on with the developments especially with the incoming distribution when this shows up as expected the further assumptions can be made, it will be an interesting journey to come. In this manner, thank you for watching my analysis about the NASDAQ and this massive ascending-channel-formation, the coherent wave-count, and what exceptional determinations we should expect in the upcoming times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information is only educational and should not be used to take action in the market.
TVC:IXIC
by VincePrince
8