Indexes
Russel futures crossdown formingOpened green but getting rejected at resistance like es and nq. On 30m chart a crossdown forming which could see a bit of a drop. I wouldnt be surprised to see all 3 indexes open in the red tomorrow. Puts held over weekend would make some money but not enough to be a big win per say. Still glad i stayed out this weekend. But as we know. One trump tweet could change the course drastically. Could see some choppy markets still until feds on 18th.
Nasdaq Futures green but at resistanceNQ opened up green but on a daily resistance level. RSI getting high but not too much into overextended area. Looking for break of, or rejection at this resistance level. Daily support below.might hold to EMAs. Opening bell will be a good indicator. Money Monday everyone! Start the week off GREEN!
/ES up but losing momentum..?S&P Futures opened up green but not by much. Looks to be losing some momentum. Watching this zone for break above or below with support/resistance targets above and below. Expect this to trade sideways .ahority of night and a good tell of direction at opening bell. Money Monday is here!! Start your week of GREEN everyone!!
SPX You Spin My Head Right Round Right RoundHello traders,
Our previous trade setup was perfect (refer to the related links below).
After the last up move, I believe we have completed a regular WXY correction and now we will head back down for the bigger picture ABC pattern to (2,750 - 2,700) range before reversing back to the upside!
Note: we could go up slightly from here but it will be a short move to complete a potential Z of WXYXZ but for now I think the pattern looks to be complete.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
"ASX: long vision in the short term" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the Support Zone.
- Price broke the Descending Trendline.
- Now, it has potential to move up towards the Resistance Zones.
However, in the Long Term we have a short view. Take a look!
Weekly Vision:
Daily Vision:
Updates coming soon!
GOLD INSIDE THE ZONE OF SUPPLY
GOLD has finally reached a zone of supply.
There is a high chance to see a pullback from this zone,
so buyers, please, pay attention to your long positions,
and those who want to jump in, I think it is too late.
for now, in my view, It is better to be just a passive observer and wait.
personally, I did not trade gold for more than 3 weeks I guess
and don't see any reason for entry.
S&P500 BE READY TO SELL
S&P500 currently consolidates around strong level of resistance 2940.
I am focused on 2895 minor structure support level.
If bears break and close below this level,
for me, it will be a signal to short the market.
T1 - 2860
T2 - 2805
*if the market closes above the resistance setup will be invalid.
Dollar Index Technical Analysis
dollar index is currently coiling within a rising parallel channel.
be focused on 98.2 structure resistance level.
there is a very high chance to see a bearish reaction on this level.
if bears break and close below the channel,
we can expect bearish continuation to 97.5 and 97.0 levels
"Nasdaq: short setup" by ThinkingAntsOk4 Hour Chart Explanation:
- Price made a pullback to the Weekly Ascending Trendline.
- It is currently on an Ascending Trendline.
- If it bounces in the Resistance Zone and breaks the Ascending Trendline at 7610, potential to move down towards the Macro Support Zone at 7000.
- We are looking for sell setups on lower timeframes.
Check out our Weekly and Daily Vision. Updates coming soon!
Weekly Vision:
Daily Vision: