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S&P500: Rebounding on the 1D MA100.The S&P500 is recovering Friday's lost ground and turned neutral again on its 1D technical outlook (RSI = 46.331, MACD = -24.550, ADX = 22.750). Even though it needs to overcome the Resistance pressure of the 1D MA50, this rebound gives a very positive note as it is being performed on the 1D MA100, which last time was a bounce point on April 19 2024. If the August 5th rebound was a HL of a Bullish Megaphone, then now the index is starting phase 2 of the new Bullish Wave, much like the 1D MA50 bounce of May 31st. We are bullish with TP = 6000, on the -0.618 Fibonacci level for a HH. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
DXY (1h timeframe )hello dear traders this price acton for dollar curency index .... this is my personal opinion.... fundamental reason: While British fund manager abdrn predicts that the U.S. economy will see a soft landing, there is still the risk of a prolonged slowdown in 2025, said Kenneth Akintewe, the company’s head of Asian Sovereign Debt. Is the economy already weaker than the headline data suggests and should the U.S. Federal Reserve already be easing? Akintewe questioned on CNBC’s “Squawk Box Asia.” In the U.S. on Friday, data showed the personal consumption expenditures (PCE) price index, the Federal Reserve’s favored measure of inflation, ticked up 0.2% last month, as expected. The data seems to back a smaller rate cut...
TVC:DXYShort
by mehdi_kb
2
#NIFTY Intraday Support and Resistance Levels - 28/08/2024🔔 Nifty Update for Today: 📊 Expected Opening: Opening Outlook: Flat 📈 Consolidation Zone: Range: 25000 - 25050 Nifty is expected to open flat today, trading within a consolidation zone between 25000 and 25050. 📈 Potential Upside Movement: Upside Target: 25250+ Condition: If Nifty starts trading and sustains above 25050 If Nifty breaks above 25050 and sustains that level, an upside rally could push the index towards 25250+ in today’s session. 📉 Downside Risk: Condition: If Nifty starts trading below 25000 Any significant downside is likely only if Nifty starts trading below 25000.
NSE:NIFTY
by TradZoo
SasanSeifi| Mid-Term Bearish Outlook for Dollar Index! (5Day)Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains predominantly bearish. It is expected that, in the midterm timeframe, the price will move toward the identified demand zone, with a potential decline to the corrective target around $99 to $98.73, especially after breaking the $100.600 to $100 range. Once this area is reached, there is a possibility of a positive price reaction. To better understand the future movement of the Dollar Index, it's crucial to closely monitor how the price reacts to these corrective targets. However, if the downtrend continues and the $98 level is breached, and the price stabilizes below it, the next corrective target could be around $97.50 to $96. To better understand the future movement of the Dollar Index, it's essential to keep a close watch on how the price reacts to these corrective targets. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
TVC:DXYShort
by SasanSeifi
GOVT ETF: Bullish Reversal on the Horizon?The GOVT ETF, representing U.S. Treasury Bonds, shows signs of a potential bullish reversal, according to our proprietary QuantEdge Momentum System. Key Indicators: Z-Score: The Z-Score has surged to 1.60, signaling an overextension to the downside in the past months. This indicates that the recent downward momentum might be exhausted, leading to a possible trend reversal. Z-Score of RSI: The Z-Score of RSI at 1.72 shows a significant bullish momentum shift. This suggests that the asset might be gaining strength, with buyers stepping in to push prices higher. The crossing above 0 confirms that bullish sentiment is currently prevailing. Cumulative Volume Delta (CVD): The CVD indicator reflects a strong buying pressure, as demonstrated by the marked shift from deep negative territory (-451,481,504) towards a less pronounced negative reading. This shift suggests that the selling pressure has weakened, and buyers are beginning to dominate the market. Price Action: The price has broken above the green momentum cloud, signaling a potential shift from a downtrend to an uptrend. Given the alignment of other indicators, this could be the beginning of a bullish phase for GOVT. Projection: Over the next quarter, GOVT is likely to experience a bullish correction, driven by strong buying momentum. The ETF could target resistance levels in the $25.00-$26.00 range if the current momentum continues. The Z-Score and RSI suggest that the upside could be substantial as the ETF looks to recover from recent losses. However, caution is warranted if the Z-Score or RSI starts to diverge negatively, as it could indicate the potential for a correction or consolidation before resuming the uptrend. Monitoring these indicators will be crucial to confirm the strength of the reversal. Based on the proprietary QuantEdge Momentum System, GOVT appears poised for a bullish quarter. Investors looking to capitalize on U.S. Treasury Bonds might find this an opportune time to consider GOVT as a potential buy.
CBOE:GOVTLong
by LordGiorgioCapital
SPTM Prepare for Consolidation or Pullback in the Coming QuarterThe SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) has shown impressive performance over the past months, driven by a general bullish market sentiment. However, as we approach the next quarter, key indicators from the QuantEdge Momentum System suggest that the ETF might face significant resistance, leading to a potential period of consolidation or even a pullback. Key Technical Insights: Z-Score Analysis: The Z-Score currently stands at 0.7583, indicating that the price of SPTM is trading above its historical mean. However, this value is nearing a threshold where the momentum might start to slow down. This suggests that while the ETF has experienced an uptrend, the room for further gains could be limited unless there is a strong bullish breakout. Z-Score of RSI: The Z-Score of RSI is in the negative territory (-0.9841), which is a divergence from the positive price Z-Score. This indicates that the momentum behind the uptrend is weakening. RSI being below its average typically signals that buying pressure is diminishing, which could result in a stagnation or decline in price. Cumulative Volume Delta (CVD): The CVD reflects a higher level of selling pressure, with cumulative volume favoring sellers. This is another warning sign that the upward momentum might be unsustainable in the short term. Projection for the Next Quarter: Given the mixed signals from the proprietary QuantEdge Momentum System, it is likely that SPTM could encounter resistance near current levels. Traders should be cautious as the ETF might enter a consolidation phase or experience a pullback during the next quarter. The weakening RSI momentum and increasing selling volume suggest that upside potential is limited unless there is a significant catalyst to drive prices higher. For traders, this is a crucial moment to assess risk and possibly secure gains from the previous uptrend. Those looking to enter new positions may want to wait for a clearer breakout signal or consider short-term trades based on confirmed support levels. Stay vigilant and adjust your strategies according to the evolving market conditions. The QuantEdge Momentum System will be your guide to navigate the upcoming volatility in SPTM.
AMEX:SPTM
by LordGiorgioCapital
1
Elliott Wave Intraday Analysis: FTSE should Continue HigherShort Term Elliott Wave in FTSE suggests that the index has completed a bearish sequence from 5.15.2024 high. The decline made a zig zag Elliott Wave structure. Down from 5.15.2024 high, wave A ended at 8106.79 low. Rally in wave B ended at 8405.24 high with internal subdivision as a expanded flat structure. Up from wave A, wave ((a)) ended at 8279.75 and wave ((b)) ended at 8056.01. Wave ((c)) higher ended at 8405.24 which completed wave B in higher degree. Then, FTSE turned lower in wave C with internal subdivision as an impulse structure. Down from wave B, wave ((i)) ended at 8158.03 low and wave ((ii)) ended slighly up at 8174.71 high. Wave ((iii)) lower ended at 7972.35 and wave ((iv)) ended at 8024.83 high. Final leg wave ((v)) ended at 7915.94 low which completed wave C and (4) in higher degree. The current rally is in progress expecting to continue higher as wave (5). Near term, we are calling an impulse structure as wave ((i)) from wave (4) low. This wave ((i)) should be completed very soon and we are expecting a retracement in 3, 7 or 11 swings as wave ((ii)) before resuming the rally. The view is valid as price action remains above 7915.94 low.
FTSE:UKX
by Elliottwave-Forecast
EURUSD 11/8/24This week in EUR/USD, we have liquidity placed above our highs in a bullish range. Last week, we played bearish within price action, ultimately putting in these highs to form liquidity. Based on this, we could run the liquidity coming into this week, or we may drop further into the range. We have met the 50% level of the range, so there is sufficient liquidity behind price to shift it higher. Now, of course, we have some fundamentals coming up this week, so price may shift accordingly. Overall, we are looking for price action to run the highs as we remain bullish, with fundamentals favoring dollar weakness. This leads us to believe that this scenario could play out. There is a hotspot within this liquidity, marked by our golden line, where price may react to sell back for a deeper retrace or blast through and take the high. We have a very clear area of demand at the base of our range. If we drop lower, we can look for that area to react. The main point is to follow what price is actually showing you, rather than what we want to see. Trade safe and follow your plan.
by PipSurfingSociety
DXY ( BREAKOUT AND AGAIN INSIDE CHANNEL ) (4H)DXY HELLO TRADERS Tendency, the price inside sensitive area , trading nearly turning level at 103.221 . Upward Zone : as long as the price should be breaking turning level at 103.221 , refers active upward zone , currently the price trading below turning level at 103.221 , to rising inside resistance zone between 103.690 & 104.477 , first thing for this rising reach of a resistance level (1) at 103.690 , by closing 4h candle above it easily reach next level at 104.477 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before . Downward Zone: until the price trading below turning level around 103.221 , indicates dropping to support level (1) around 102.736 , to confirm true decline , the price it will be breaking 102.736 , by closing 4h candle below it to reach support level (2) at 102.310 , called support zone have been buying increase in this zone before . TARGET LEVEL : RESISTANCE LEVEL : 103.690 , 104.477 . SUPPORT LEVEL : 102.736 , 102.310 .
TVC:DXY
by ArinaKarayi
1