SPX500: Expecting Bearish Movement! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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Index
NAS100$NAS100USD NFP had the markets in shambles and unclear of direction today 3/10/23.
Now that the dust has settle i'm looking for a push to the upside in the coming week.
Everyone have a safe and enjoyable weekend.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
SPY S&P 500 ETF Options ChainI have monitored the options chain of SPY in the past 2 months and I noticed some big Puts positions that are recurring, regardless of the price:
2023-3-17 expiration date
$386 strike price
($2.53 premium now)
I don`t know that it has something to to with the higher than expected inflation, continuation of the interest rate hikes, the P/E ratio of 21.80 for SPX (quite high), or the war in Ukraine.
But options traders are quite bearish on SPY S&P 500 ETF for the upcoming month.
Looking forward to read your opinion about it!
SPY S&P 500 ETF Price PredictionOn March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting.
On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better than expected.
In this context, my price target for SPY is $386 by Mid-April.
Looking forward to read your opinion about it.
DXY Local Rebound! Buy!
Hello,Traders!
DXY went down from the
Key horizontal resistance
But then hit a local support
From where a rebound is
Already happening and
I will be expecting
A retest of the
Local target above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
US500: Expecting Bullish Movement! Here is Why:
Balance of buyers and sellers on the US500 pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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SasanSeifi 💁♂️ DOWJONES / 4H ⏭ 33400 ?HI TRADERS ✌
As you can see, the desired scenario of the DowJones index is specified on the chart.Currently, it is trading in the range of 33246. I expect the trend to grow to the liquidity range of 33400. Then it will be corrected by collecting liquidity from the 33400 range, we have to see how it will react. If it stabilizes above the range of 33400, the target of 33700 can be considered. Keep in mind that maintaining the 32,900 range is important for the continuation of the positive swing.
let's see...
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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DXY Forecast After Fed Chair Powell Testifies | 8th March 2023Fundamental Backdrop
1. Fed Chair Powell spoke last night
2. He opened the door to higher and possibly faster rate increases
3. This will strengthen the DXY
Technical Confluences
1. Price has broke above the 105 level
2. Next resistance at 107 round number
Idea
With Fed Chair Powell's comments being hawkish, expect the DXY to continue heading towards the next resistance at 107 round number.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
US100: Bullish Continuation is Expected! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the US100 pair price action which suggests a high likelihood of a coming move up.
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P2P | DXY UpdateHello. Hi. Hey there!
So this is another DXY update following my previous mark ups. I want to keep posting these because 1. They've been fairly accurate and 2. Its helping you (also me) with identifying potential long term/short term plays.
I mentioned that I am overall #bullish on the dollar and the way price reacted to my levels... bittersweet (,:
But I also go over some other trade setups and most of them I wasn't able to cut it short so, yeah, looks like I got blown out lol.
No worries though, all a learning process! So thank you guys and gals for coming onto the channel. Make sure if you feel like you're getting #value from this content to #boost the page and drop a #comment of what you learned or something you've noticed in my charts that concerns you.
Thanks gang, trade well, stay healthy! 2023? Yeah, its that time *evil genius laugh*
EURUSD: The long power of the exchange rate is gatheringAs mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday.
On the fundamental side, more hawkish remarks made by several members of the European Central Bank (ECB) support the euro and support the reasons for increasing huge interest rate increases in the coming months; in addition, the generally positive tone around the stock market is considered to put pressure on the safe-haven dollar and provide additional support for EUR/USD.
On the technical side, the continued strength of the pair and its foothold above the convergence resistance level of 1.0645-1.0650 are conducive to the rise of the market.In addition, the oscillators of the daily chart have just begun to move in the positive area and support the prospect of additional gains.However, any further increase may face some resistance in the 38.2% Fibonacci retracement area of about 1.0725, followed by the 50% Fibonacci retracement area of about 1.0785 and the 1.0800 integer mark.Some follow-up buying will negate any recent negative tendencies and will continue to push up EUR/USD.
On the 4-hour chart, the exchange rate is currently falling under the suppression of the short-term moving average, and the short-term technical indicators are biased towards the air. However, in the short-term, I think this is a technical correction to the previous increase. It is conducive to the market to consolidate the bottom while accumulating kinetic energy, which is more conducive to the small-level market to rise, and below at the position of 1.0635 is the intersection of the middle Bollinger band and the 30-day moving average support, which has relatively strong support for the short-term market.
Taken together, today's EUR/USD short-term operation thinking can go long at 1.0635.
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD PEPPERSTONE:EURUSD CAPITALCOM:EURUSD
$BTCDOM/USDT 2D (#BinanceFutures) Big falling wedge breakoutBitcoin Dominance Index seems about to reverse, ahead of the Ethereum Merge it's an opportunity to hedge against big Altcoins.
⚡️⚡️ #BTCDOM/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2X)
Amount: 11.8%
Current Price:
1197.3
Entry Zone:
1192.8 - 1144.0
Take-Profit Targets:
1) 1168.4
2) 1380.2
3) 1469.0
Stop Targets:
1) 1069.7
Published By: @Zblaba
Risk/Reward= 1:1.25 | 1:2.15 | 1:3.05
Expected Profit= +21.08% | +36.26% | +51.46%
Possible Loss= -16.90%
Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 2x
Estimated Gain-time= 3-4 months
Tags: #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
Component Info:
www.binance.com
DXY Forecast before Fed Chair Powell Testifies | 7th March 2023Fundamental Backdrop
1. Fed Chair Powell will be speaking later on at 11pm SGT, which could cause more volatility in the index.
2. Will update more after his speech.
Technical Confluences
1. Price has reversed from a bullish to a bearish trend .
2. Price is also below the Ichimoku cloud, indicating a bearish market.
3. Near term support level at 103.750
4. Near term resistance level at 104.600
Idea
If Fed Chair Powell's comments are hawkish, expect the DXY to trade back up to retest the resistance level at 104.600.
Alternatively, price could head back down to retest the support level at 103.750.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
US100: Bullish Continuation
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy US100.
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