SPX Hours needed to buy 1 shareHow expensive is the market? The average wage earner has to work 167 hours to buy 1 share of the S&P 500.
A new historic all-time high!
The markets are crazy expensive!
The inflation no one shows you or talks about is driven by massive deficits and cheap money.
Extreme Caution is in order!
Indexsignals
HDFC - The Controversy UnleashedHere is the HDFC Chart published on July 22nd (inside my article) - "Nifty Analysis - The No-Nonsense "0" Indicator Strategy"
Now - compare HDFC's price action on Sep 24th - Precisely following the defined Path in Blue and rising like a Phoenix from the bottom of 1600 levels and breaking the ATH created on Jul 2023
Now by next week - End of September, HDFC would have the a Final Dip to test 1757 levels and then blast beyond the ATH of 1795 lifting Nifty to New Heights and the Target of 26,430
In this entire analysis - we didn't use any Indicators and No "Ifs & Buts". The Top 10 heavy weight constituents of Nifty were decoded, the Nifty's Daily, Weekly, Monthly and Quarterly Charts were analyzed for both Candlestick Patterns and Chart Patterns with Targets.
Once Targets were identified - and basis the status of each of the Top 10 heavy weights, the probable timeline required to reach the target was identified
1. From the Index's (Nifty) price action - the future of individual stocks were determined
2. From the Stock's price action - The Nifty's direction was determined
Only when both matches - the prediction is accurate - just like how we do Division / Multiplication in Maths to re-confirm our arithmetic
We don't depend on ANY NEWS or ANY Expert Opinion or ANY Technical Indicators to guide us. Because, these factors don't handle both Internal and External elements. Either they talk about a Sector but not a stock or they talk about the historical values of a Stock (example: RSI, MACD, EMA, DMA, Bollinger Bands uses historical values of stock).
The Indicators become handicapped when it has to consider the outside elements and hence loses it accuracy and value.
Learn to Stand on your Own 2 Legs...
Ignore the Noise...
Don't follow the Wise...
Make your Own Spice...
"DAX Index Rises Ahead of ECB Meeting"In the U.S., the consumer price index increased by 0.2% in August, while the annual rise was 2.5%, aligning with forecasts. Following the drop in inflation, the likelihood of the Fed implementing a 25 basis point rate cut next week has risen to 85%. After this data release, market risk appetite increased, leading to intensified buying activity in the DAX index.
Today, there is an expectation of a 25 basis point rate cut in the European Central Bank (ECB) meeting.
Technically, on the upside if the price holds above the 18,500 resistance, buying could push the index first toward the 18,700 resistance and then to 18,900. if the 18,500 level is broken to the downside, a pullback could extend first to the 18,285 support and then to 18.075.
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 101.53
1st Support: 101.16
1st Resistance: 102.144
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Stocks Put A Top In This Week! Further Downside to Come!ES (US 500) Fibs, Hourly: ES is our main index that provides helps us determine trend. You will notice that this week had a change of character. The market had taken the stairs up, but is now taking the elevator down, with sharp moves coming in a few hours to the downside. Expect more of this. ES pattern at the top is more head and shoulders like. And, unlike YM, we got a FULL All the Way Half Way Back Short this week, going back to the 50% line on Friday and selling off from there. Look for a gap up on Sunday night/Monday and a sell into strength of a 2nd test at the 5272.50 level. Our Target is all the way down at the 5158.25 level, over a 100 points away.
####TRADE ALERT####
ES (US 500- S&P500)
Call: Short
Entry Type: Limit, ideally better than 5262.50 no worse than 5245
SL: 5290
TP1 / TP2: 5158.25
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Breakout in Dow Jones Industrial Average (DJI)...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.
QQQ Recovering from a Pullback LONGQQQ had a bad day yesterday reacting to adverse financial news with a deep
correction as technology stocks were hit the hardest. On the 15 minute chart,
price dropped to the bottom outer band in the double BB indicator and then
reversed and heading inside both bands and then gapped up in the open of the
premarket session. The dual RSI indicator shows the lower time frame line in
green crossing over the higher time frame red line. I conclude that price could
run up to 385 especially if it can cross the middle band at 380.
📈 Explosive Setup on Nasdaq: Prepare for Skyrocketing Gains🐂🚀Exciting news for stock market enthusiasts! A compelling bullish setup has emerged on Nasdaq's chart, signaling a potential trend continuation. The price action has formed a robust support zone around the 14800 area, with multiple bounces indicating a significant accumulation of bullish orders. It's clear that the bulls are standing strong, ready to defend this critical level.
Adding to the positive outlook, the RSI has crossed above 50, accompanied by its moving average, serving as a powerful confirmation of the upward momentum. Furthermore, the 89 EMA has proven to be a reliable dynamic support, further bolstering the bullish sentiment.
With this confluence of support levels, we have an exciting opportunity on our hands to follow the trend. Buckle up as we target multiple take profits along the way: 15090, 15245, and a grand finale at 15500.
Don't forget to press the like button if you think this insight was helpful 🚀💪
DXY : Short Trade , 1hHello traders, we want to check the DXY chart in the 1-hour time frame. The price is in a descending channel and has reached the key level of 103.300 and 103.400. We expect this level to play the role of a resistance level for us and the trend We expect the price to fall to 102.700, and if the downward trend is strong, the next target for the price is 102.200. Good luck.
US30(Dow Jones) : Short Trade , 4hUS30 sell Entry : 32459
Stop : 33209 , Target1 : 31724 , Target2 : 30960
Risk/Reward Ratio : 2
Nasdaq 100 Short setup for after FOMCPending Fomc I present to you a potential short setup for after the event . Pump into the dump
Take out the Liquidity *Equal highs push up above the vwap and reject back down in to the continued range .
Confluences * Anchored Vwap , .618 fib and Volume imbalance
Ensure to know your invalidation .
US500(S&P) : Short Trade , 4hUS500 sell Entry : 4050.8
Stop : 4121.3 , Target1 : 3979.9 , Target2 : 3909.9
Risk/Reward Ratio : 2
US100(NASDAQ) : Long Trade , 4hUS100 buy Entry : 12095.2
Stop : 11701.2 , Target : 12883.0
Risk/Reward Ratio : 2
US30(Dow Jones) : Short Trade , 4hUS30 sell Entry : 33537
Stop : 34059 , Target1 : 33016 , Target2 : 32494
Risk/Reward Ratio : 2
US500(S&P) : Analysis , 4hHello traders, we want to check the chart of the US 500 in the 4-hour time frame. After falling simultaneously, the price has reached the upward trend line and also the key level of 3936 and 3952. If the price can break the downward trend line and return to the key level, the pullback is indicated. It is a good entry point to enter into a purchase transaction and we expect it to continue its growth until the level of 4038, but if it can break the upward trend line and also the key level downwards and stabilize itself at the bottom of 3936, we expect to reach around 3886 continue to fall. Good luck.
US500(S&P) : Short Trade , 1hUS500 sell Entry : 4108.3
Stop : 4161.8 , Target1 : 4048.0 , Target2 : 4001.1
Risk/Reward Ratio : 2
US100(NASDAQ) : Short Trade , 1hUS100 sell Entry : 12475.8
Stop : 12826.8 , Target1 : 12124.9 , Target2 : 11773.9
Risk/Reward Ratio ; 2
DXY : Long Trade , 1hHello traders, we want to check the chart of the dollar index. In the 1-hour time frame, the price has been able to break the resistance level of 103.300 and 103.400. Considering the strength of the market movement, if the price can reach around 103.300 and also The upward trend line returns is a good point to enter the trade and the next target that can be imagined is around the price of 104.700. Good luck.
DXY buy Entry : 103.278
Stop : 102.566 , Target : 104.700
Risk/Reward Ratio : 2
US30(Dow Jones) : Short Trade , 1hUS30 sell Entry : 34050
Stop : 34484 , Target1 : 33618 , Target2 : 33181
Risk/Reward Ratio : 2
US30(Dow Jones) : Short Trade , 4hUS30 sell Entry : 33781
Stop : 34195 , Target1 : 33366 , Target2 : 32954
Risk/Reward Ratio : 2
US100(NASDAQ) : Short Trade , 4hUS100 sell Entry : 11423.5
Stop : 11668.4 , Target1 : 11182.7 , Target2 : 10933.9
Risk/Reward Ratio : 2