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SPX500 INDEX (SPY) May Retrace! Here is WHY: hey guys, spy almost reached 2800 level. if you open a daily or weekly chart, you will notice that it is a strong historical resistance level. moreover, on 4H we have a perfect match between the resistance of the rising wedge pattern and previously mentioned structure. +take into consideration dodji formation and rsi divergence. these factors make me think that during Thursday's and Friday's session the market may retrace to the support of the wedge. Adjust you trading plan accordingly! good luck!
FX:SPX500Short
by VasilyTrader
18
U.S DOLLAR INDEX (DXY) Important Moment! Dollar index is back again within a major rising channel. after two fake breakouts to the upside and to the downside, the greenback is approaching the channel's resistance. usd has already proven its ability to easily break the boundaries, so this time might be the same. pay attention to the reaction of the market: in case of a bullish breakout, chances will be high that the current structure high - 103.0 level will be reached. in case of a retracement, the support of the channel most likely will be reached. good luck!
TVC:DXYLong
by VasilyTrader
3
DXY | Going To Retest Horizontal ResistancePlease support this idea with LIKE if you find it useful. Price retraced of the Support node (Mid line of the Ascending Channel, 50 MA dynamic support and Ichi Cloud support zone). We already passed the 100.20 horizontal resistance so we can go and retest the horizontal resistance, also the higher boundary of the Ascending Channel. In case we break the horizontal resistance it will be more upside Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
TVC:DXYLong
by Anpu
Critical view at world economyFinancial planners and news tooted alot of news in the last weeks, which are novel to anyone of us. Not playing devils advocate here, one could generally assume planners would like to keep clients funds and news are overselling events emotionally, to create attention. Taking a critical look might give clarity in troublesome times. Ive developed two rather simplified scenarios, namely bull (green) and bear (red). To be fair, each should be called bear, because its highly unlikely to see growth this year (sp and other index ratings seem to be slashed by analysts on the daily now). Regarding to the bull scenario, we could likely bounce back into ema region. pro -goverments are finaly mobilizing accordingly (looking at you, trump, johnson) -china seems to be getting back on track again -effective medication might be available soon, who knows The bear told me however, we cant comprehent real damage today pro -banks wont offer credits to small businesses as promised by governments (germany for example), because they dont want to risk credit default -people underestimate dangers and stop preventing virus care, second huge outbreak -fed , european central bank already blew their ammunition - more cash does not cure infections, unfortunatelly - they are not dry, but just creating more money is unreasonable- "bad" companies need to die one way or the other in captialistic systems -ripple effect accumulated to sum of those events -ripple scenario : people go full anarchy, recognising their real estate is dilluted, tax payers have to pay all this mess, over 11 years of bullrun flipped into massive wealth-burn (full bananas bear scenario, just a thought exercise) keep in mind however: -these are some of the best companies overall, technology and such, high margin, lowish maintenance - the rest will dump much harder In case 1, I would really consider cashing out and reinvesting at a cheaper point in time, as a long term investor - we hopefully not reach bottom again, but recovery above the next high will take its time - lower overall bip is not priced in yet In case 2 ? Idk, guns are pretty illegal in europe, so I rely on your opinion on how to survive this mess! However Id have an eye on cryptos, gold and funding local business or such! Trade save and keep diamond_handz!
AMEX:URTH
by diamond_handz
RENAULT (RNO) Cheaper Than Ever hey guys, I know that many of you are looking for cheap stocks. pay attention to Renault. though I already hear the voices of skeptics out there, look what history tells us: stock is clearly trading in aprox. 13-year cycles. the stock was trading on current lows two times already and each time it showed a perfect performance with a sharp and quick drop at the end of the cycle. chances are high that this time we may see the same picture. moreover, our reward is very high in comparison with the risk that we take. so why not at least to pay attention?! good luck! please, if you like this idea, please support it with like and comment! thank you!
EURONEXT:RNOLong
by VasilyTrader
6
DXY | H&S and Ascending Broadening WedgePlease support this idea with LIKE if you find it useful. Price formed a Head and Shoulders pattern. In case there is a breakout of the support trendline or better of the Ichi Cloud support zone the price will go down (possible retest the 200 MA). Nevertheless we are sitting on the 50 MA support and there is also an ascending broadening wedge pattern, which can work out if there is an upward breakout of the formation. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
TVC:DXY
by Anpu
4
UK 100 | Bearish FlagPlease support this idea with LIKE if you find it useful. Price formed a Bearish Flag and was rejected of the higher boundary of the Pattern. In case there is a breakout of the Mid line of the pattern we can initiate a short position. Also if there is a breakout of Bearish Flag to downward we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
TVC:UKXShort
by Anpu
1
SPX500 INDEX (SPY) KEY LEVELS These last few days spy is relatively slow. This is the calm before the storm. Currently, the market is accumulating volumes and we are preparing for the next wave. I don't know whether we will go lower, or finally, we will see a pullback. No matter what is gonna happen, here are key levels to consider: in case of a bearish breakout below current support, 2140 is the next strong support. then goes 1850. in case of a pullback, 2620 is the first resistance to consider. adjust you trading plan accordingly. good luck!
FX:SPX500Short
by VasilyTrader
7
DAX INDEX: 3 REASONS TO PAY ATTENTION DAX index is like a waterfall: no pullback, no correction during the entire short rally. though fundamentals are still depressing, here are the reasons why we should be focused on dax and expect a pullback soon: first of all, the market is clearly oversold and sellers will soon start profit-taking, secondly, the market is close to a key historical level and I truly believe that a lot of pending orders are placed there, thirdly, I think there are a lot of folks out there sitting on piles of cash waiting to start buying, the underlined level gives a perfect opportunity to them. be prepared and let's watch the lower timeframes for confirmation! good luck!
XETR:DAXLong
by VasilyTrader
21
Bank Of America (BAC) Will Drop Hard (90%+ Crash?!)The chart for Bank Of America (BAC) is looking bad long term, there are many signals pointing to a very strong drop. The last time this company had a crash, it shredded over 95% of its value... The same might happen again. Let's take a look at some of the signals: Let's start by looking at Divergence , you can spot this marked with a light blue line on both the MACD and RSI. These divergences work strongly on conventional assets, they always confirm. We have bearish divergence on both indicators. I marked a rising wedge in purple which is also bearish. You can expect the asset value to move a bit longer within the wedge before breaking down; if it does. Probabilities are really high... EMAs are going to be challenged now, this is our main support (22.33). The RSI is super bearish. Volume has dropped massive while price moving up. If you were to use this information to trade, a break and close above 28.45 would be a great stop loss. As for the way down, 13.62 can be your main target and more after/if this level breaks. ... This one is about to crash really hard... Just like it is happening with Apple, Google, SPX, DJI and the rest. Thanks a lot for reading. Namaste.
NYSE:BACShort
by MasterAnanda
11
S&P 500 Index (SPY) Still Not Too Low! I noticed that some traders and investors have already started buying spy on discount assuming that the market has finally found its bottom. BUT Look at a daily chart: key 2330 level still is not reached! I still believe that the market can go lower and at least the underlined level will be tested, and who knows, pullback and next wave to the downside. too early to change bias, folks. pay attention to inside bar formation on daily and look for a side of a breakout. then act accordingly. + if you are still short biased, sell from the candle open of the last mother's bar. perfect trend continuation entry! good luck!
FX:SPX500Short
by VasilyTrader
12