Indexes
Dollar Index (DXY): Key Levels to Watch 💵
Here is my latest structure analysis for Dollar Index.
Support 1: 101.0 - 101.3 area
Support 2: 99.25 - 99.95 area
Support 3: 97.25 - 98.1 area
Resistance 1: 103.4 - 103.8 area
Resistance 2: 105.15 - 105.8 area
The market is slowing down after a strong bearish wave.
We will most likely see a pullback from Support 1.
Consider the underlined structure for pullback/breakout trading.
S&P500 Index (SPY): Bullish Outlook Explained
Hey traders,
As I predicted, S&P500 index has nicely respected a key horizontal structure support on a daily.
I believe that the market will keep growing next week.
Goals: 4014 / 4059
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Nikkei 225 Index (NI225): Classic Bullish Reversal
It looks like Nikkei is finally ready to start a correctional movement.
After a text of a key daily structure support, the price formed a double bottom and head & shoulders pattern.
Their neckline was broken with a high momentum bullish candle yesterday.
Bullish pressure will continue.
Goals: 27270 / 28050
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Dollar Index (DXY): Time to Grow 💲
On a yesterday's live stream, we discussed Dollar Index.
The market reached a major rising trend line on a daily.
Approaching that, the price formed an inverted head & shoulders pattern on 4H.
Its neckline is broken now.
A correctional movement is expected to 102.95 / 103.33
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DOLLAR INDEX (DXY) Time For Correction?! 💵
Dollar Index looks oversold to me:
the market was contracting within the boundaries of a falling wedge pattern - a classic reversal pattern.
Its resistance was broken today.
I expect a correctional movement to 102.86 resistance now.
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S&P500 INDEX (SPY) Bullish Outlook For Next Week
S&P500 Index broke and close above a key daily structure resistance.
Following the CPI report, I believe that the index will keep growing next week.
Next resistance - 4060
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DOLLAR INDEX (DXY) What to Look At Next Week 💵
Dollar Index dropped sharply this week.
The price reached a key daily rising trend line.
Probabilities will be high to see a pullback from that.
Your confirmation will be a bullish breakout of a falling wedge pattern on a 4H time frame.
Patiently wait for a violation, a bullish movement will be expected to 102.9 then.
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Nasdaq-100 Index (US100) Classic Bearish Setup
Nasdaq Index reached a peculiar confluence zone based on a horizontal daily resistance and 0.5 retracement of the last bearish impulse.
The price formed a double top formation, testing that on an hourly time frame.
Its neckline is now broken.
The market will most likely drop to 11260
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S&P500 Index (SPY) Bullish Continuation 📈
S&P500 Index broke and closed above a solid supply zone on a daily.
The broken structure turned into a demand area now.
I will expect a bullish continuation to 4064 now.
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Dow Jonex Index (US30): Bullish Outlook Explained
Hey traders,
Dow Jones Index formed an ascending triangle formation on a daily time frame last week.
Its neckline was based on a solid horizontal key level.
On Friday, the price broke and closed above that.
I believe that the market will go higher soon.
Targets: 34060 / 34370
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Dow Jonex Index (US30): Bullish Outlook For The Next Week
Hey traders,
Dow Jones broke and closed above a neckline of an ascending triangle formation on a daily.
I believe that it may trigger a bullish continuation.
Next goal - 34070
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Dow Jonex Index (US30): Technical Outlook
Many of you asked me to share the analysis on US30.
The market is currently stuck between 2 key levels.
33270 - 33500 is a key resistance.
32470 - 32500 is a key support.
The market formed an ascending triangle formation between them.
For now, the future direction of the market depends on a breakout.
A bullish violation of the underlined red resistance will push the price higher.
While a bearish breakout of a trend line of a triangle will initiate a bearish move at least to 32850.
Wait for a breakout, traders.
That will be your trigger.
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US500Hello traders ,what do you think about US500? We are still bearish on the indexes. We expect it to fall to the specified range after the upward correction. Within the specified zone, you can enter sell position after receiving confirmation
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Dollar Index (DXY): Is That a Bearish Setup 💲
Hey traders,
Dollar index is approaching a key structure.
The price formed a descending triangle on that on a daily time frame.
Wait for its neckline bearish breakout.
It will most likely push the index lower.
Daily candle close below 103.4 will confirm the breakout.
Alternatively, a bullish violation of a trend line may push the price higher.
Good luck!
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No doom, gloom or pivot. Just one aliens TA.An alien trader landed on earth and was given a chart of the combined** US indices (futures). Luckily, and not coincidentally, he knew TA.
He had never heard of people like J.Powell and J.Cramer, or places like China, Ukraine and Russia.
this is what he saw:
Bullish:
- Broke out 'above' the main diagonal trend (bullish)
- Made a Higher High (bullish)
- Note that, on a VERY high TF, the Bull market rides on and up (see "Higher Range Frame" box)
Neutral
- Has arrived at the key POC (neutral) and is sandwiched between zones of lower past volume (LVN's)
- The 100MA/400MA was moving towards a "neutral cross" (the midpoint between the MA's is flat and not changing)
Bearish
In higher time/range frames the index has not made a new swing high. (see "Higher Range Frame" box)
NOTES
**There are multiple ways to merge ES, NQ and YM, as well as alternative indices like $NYA and Wilshire 5000. The *best* option depends on what it is used for (ex. a sphere is a good model of the earth for the astronomer, but not for the mountain climber). A simple average (ES + NQ + YM)/3 is ruled out because one point has a different value for each index. To address this, each index is weighted so that a 1 point change will imply the same change in $ terms (For weights see www.barchart.com
Alternative criterion for weighting include capitalization, number of stocks and beta weighting.
[i Epilogue - After watching a TA channel on You Tube for 5 min. he departed abruptly pausing only to grab a clean towel. He is believed to be following in the dolphins footsteps.
Dow Jones Index (US30): Detailed Technical Outlook 📈
Price action analysis on US30.
Key levels & directional bias.
Potential scenarios explained.
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Dow Jones Index (US30): Bearish Outlook Explained 📈
Multiple time frame analysis on Dow Jones.
Price action & key levels.
Directional bias & thoughts.
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