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Where US30 Is headed to next?Us30 has taken bearish hits since the beginning of this year. If it stays below $33,480 and continues back to the lows at 29,670 and further, we could see further decline. Not only for US30, but for the stocks within the index. Before that happens price could pullback towards 32,500 giving the buyers some opportunity and hopes of recovery. That's just a thought until it happens. For now, the Dow is bearish and if there is hopes of true recovery price will have to push up pass 33,480 and continue up from there.
CAPITALCOM:US30Short
by ShaquanLopez
1
SPX Daily TA Neutral BearishSPX Daily neutral with a bearish bias. Recommended ratio: 35% SPX, 65% Cash. *Money markets continue struggling to find a bottom amidst high and rising global inflation. CPI report comes out tomorrow (07/13) at 830am (EST) , market consensus is around 8.8% (8.6%-8.9% range); if it comes in on the high end or higher, a sell-off will likely ensue. The next FOMC meeting is on 07/26-07/27 and the next FFR rate hike will be released in the Fed statement at 2pm (EST) on 07/27. Richmond Fed President Thomas Barkin stated today that he thinks that a 50-75bps rate hike this month is "reasonable" but cautioned against going too far and "inadvertently breaking something". The San Francisco Federal Reserve published research last month showing that demand is only 1/3 responsible for inflation and that supply chain disruptions are responsible for about 1/2 of inflation; this implies that the Fed can only do so much to ring in inflation and that a lot of it depends on Russia's attack on Ukraine and China's 'Zero Covid Policy'. Until inflation is tamed, it's reasonable to expect for more recessionary fears to mount heading into the second half of the year, especially with the risk of the global geopolitical situation (and therefore supply chains) getting worse.* Price is currently trending down at $3800 after being rejected by the lower trendline of the descending channel from August 2021 at $3938 minor resistance and is technically still testing the uptrend line from 06/16/22 as support. Volume remains Moderate and has favored sellers for two consecutive sessions now. Parabolic SAR flips bearish at $3734, this margin is mildly bearish. RSI is currently trending down at 44 with no signs of trough formation after forming a Double Top just below 53 resistance, the next support is at 38. Stochastic remains bearish for a second consecutive session and is currently testing 76 support as it falls out of the 'bullish autobahn zone'. MACD remains bullish and is currently forming a soft peak as it tests the uptrend line from March 2020 as resistance a little above -44 resistance. ADX is currently trending sideways and is beginning to form a soft trough at 20 as Price is trending back down, this is mildly bearish; if ADX is able to bounce here as Price continues to break down, this would be bearish. If Price is able to bounce here then it will likely retest the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price breaks down out of the uptrend line from 06/16/22, the next likely target would be a retest of $3707 minor support (and potentially lower). Mental Stop Loss: (two consecutive closes above) $3938.
SP:SPX
by dailytaguy
SPX Daily TA Neutral BullishSPX Daily neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * June CPI report is scheduled for release at 830am on 07/13 and the consensus estimate is 8.8%, if the number comes in higher than that (which many pundits are predicting) then a market sell-off is to be expected. The Euro continues to bleed as it approaches parity with USD for the first time in 20 years as USD and RUB both edge higher. Oil, Gold, Cryptos, Treasuries and Equities are all down as global inflation numbers keep coming in higher; the VIX is also higher. UK Prime Minister Boris Johnson resigned; Sri Lanka's economy is currently collapsing due to bankruptcy as their nation endures food and fuel shortages; Iran appears to be pushing forward with uranium enrichment while strengthening Yemeni ties - making Israel, UAE and Saudi Arabia become increasingly fearful and potentially willing to collaborate defensively; Russia is gradually expanding through the Donbas region (with Donetsk being one of the last strongholds to prevent annexation of the Eastern Oblast) while Lithuania enters the fray by blocking trade/transit between Russia and Kaliningrad - Putin also recently stated that the offensive against Ukraine has barely begun; and lastly the situation between China and Taiwan appears to be escalating month to month while mainland China is still dealing with 'Zero-Covid' and recent civil unrest from Chinese bank clients who have had their assets frozen. That said, the bearish catalysts keep piling up as financial markets continue looking for a bottom; so at this point in time it's reasonable to say that financial markets are still at the whim of the Federal Reserve, and because the Fed isn't done moving to a 'restrictive monetary policy' it's therefore reasonable to assume that there is more potential downside. However, it's prudent to remain vigilant because of one question, at what point have financial markets already priced in a recession?* Price is currently testing the uptrend line from 06/16 at ~$3850 after being rejected by the lower trendline of the descending channel from August 2021 at ~$3925 for a second time in a month. Volume remains Moderate and is currently on track to break a five day streak of buyer dominance if it can close today's session in the red; according to Volume Profile, Price is also currently facing resistance at the third largest supply/demand zone on the chart. Parabolic SAR flips bearish at $3725, this margin is neutral at the moment. RSI is currently trending down at 46 after being rejected by 52.68 resistance for the second time in a month; the next support is at 38. Stochastic is currently crossing over bearish at 91 as it risks falling out of the 'bullish autobahn zone'; the next support is at 76. MACD remains bullish and is currently testing the uptrend line from March 2020 at ~-$35 as resistance while also still technically testing -44 resistance; if MACD is rejected at the uptrend line and then falls back below -44, this would be very bearish. ADX is beginning to form a soft trough at 19 as Price is seeing some recent selling pressure, this is mildly bearish. If Price is able to bounce off of the uptrend line from 06/16 at ~$3850 then it will likely retest the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price breaks down out of the uptrend line from 06/16 at ~$3850, then it will likely retest $3707 minor support . Mental Stop Loss: (one close below) $3815.
SP:SPX
by dailytaguy
SPX Daily TA Cautiously BullishSPX Daily cautiously bullish. Recommended ratio: 69% SPX, 31% Cash. * The US Jobs Report came out this morning and 372,000 jobs were added in June which essentially recovers almost all of the jobs lost due to the pandemic (~23m) , the unemployment rate remained at 3.6% for the fourth month in a row. A technical recession is defined by the combination of declining economic growth and employment ; so according to the textbook we are not yet in one because unemployment is still low and credit is still relatively healthy(?). How reliable the employment data is and how effective the models used to analyze them are arguable but as it stands now, the growing number of layoffs hasn't hit the job market yet. Even though they are both connected, markets seem to have shifted their focus from inflation to Q2 corporate earnings as a means of determining how much of an economic slowdown we are to expect (which would determine if we end 2022 with a federal funds rate above 3.5% - it is currently at 1.58%). Russia continues to avoid Western sanctions and boost their Ruble by fortifying trade routes with Brazil, China, India and South Africa (amongst other countries); Donetsk and Severodonetsk are the last two major Ukrainian strongholds defending against a total annexation of the Donbas region (Southeastern oblasts) - and Russia likely won't stop there; and Russian Foreign Minister Lavrov reiterated today at the G20 Summit (before storming out) that increased sanctions are viewed as declarations of economic war.* Price is currently pushing higher at ~$3900 as it approaches the lower trendline of the descending channel from August 2021 at $3938 minor resistance. Volume remains Moderate and is currently on track to favor buyers for a fifth consecutive session if it can close today's session in the green. Parabolic SAR flips bearish at $3714, this margin is neutral at the moment. RSI is currently trending up slightly at 52 as it tests 52.68 resistance with a soft peak beginning to form. Stochastic remains bullish and is currently trending up at 98 as it approaches a test of max top where it can potentially coast in the "bullish autobahn zone" for some time. MACD remains bullish and is currently testing the uptrend line from March 2020 at -44 resistance, this is a critical resistance area. ADX continues trending down at 20 as Price pushes higher, this is mildly bullish at the moment; if ADX bounces as Price continues higher, this would be bullish. If Price is able to continue up here then it will likely face a bit more resistance at the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price breaks down here, it will likely retest $3706 minor support before potentially heading lower to test $3508 support for the first time since November 2020. Mental Stop Loss: (one close below) $3815.
SP:SPX
by dailytaguy
The mathematical model of Hugh Math IndexThe mathematical model of Hugh Math Index ✅ What is Hugh Math Index? It is a rule-based indicator designed to measure the overall growth of the crypto market by the market capitalization of passive investors ✅ Fund Manager 🔹 Mo'men Mohammad Jaradat ▪️ Institutional investor and developer of trading algorithms and investment research ▪️Has more than 7 years of experience in many financial markets ▪️ Worked on many scientific researches on financial mathematics and quantitative methods in investment decision making ▪️ He holds many professional certificates, the most important of which are EPAT, CFA, FRM ▪️ Previously worked with several research teams to develop machine learning algorithms for kaggle trading strategies ♻️ The main criteria for selecting the components of the index 🔰 Safety Standards ▪️The original must have more than 85 points by accredited security audit agencies 🔰 Liquidity Standards ▪️The asset must be listed on three central exchanges with a security rating of more than 7 points ▪️The weighted average monthly trading volume of the asset must be more than $100 million 🔰 Subtraction Criteria ▪️The asset must be publicly traded for a period of no less than 3 months 🔰 Exclusion Criteria ▪️ Stable Token ▪️Tokens (don't have their own blockchain) ▪️Coins under attack 51 ▪️ Coins that have litigations with the US Securities and Exchange Commission (SEC) ✅ The investment methodology has been designed based on numerous academic researches by an independent working team, Mo'men Jaradat. ✅ More details will be shared to copy the investment at the time of the launch of the fund.
CRYPTOCAP:TOTALEducation
by Mr_Jaradat
4
a long running trend that may changesince the top in december trama has crossed below vwma, and both have continued down together. the rare times they have diverged bullishly and rose together have been short lived. if things are going to be different this time the trend has to abruptly change. if we get a higher low compared to 27 and we break 33 i would shoot for 40 region. this rally is for profit taking unless we continue immediately over potential neckline or if we double bottom, or bounce off of 27 region, or continue immediately over 33. return to short if we close below 24.
NASDAQ:TQQQLong
by cerealpatterns
NDX100 sellers are struggling to beat 11,780 for nowHello TradingView community, today’s video update is more to highlight an area as opposed to looking out for a potential set-up. Tech stocks have been having a hard time of it lately, but we are seeing and watching an area between 11,780 and 11,550ish. The bottom is not exact, but after looking at the NDX100 you will see the point being made. This area, for now, continues to reject sellers and continues to present as demand and possibly support for buyers. It’s no more than a level of interest for us at the moment. We could see price continue to hold there and perhaps push at a new move higher, or we could see sellers railroad the area. The key for us will be if this level can continue to hold. If so, we will look for further price action to start thinking and looking for new ideas. Good trading.
N
by Eightcap
Cryptos looking better...Trading plan and review of Key LevelsShare markets managed to find some buyers to hold up off the lows as the US was largely range bound for the session. Buyers were happy to soak up the selling pressure from a weak open and fend off another selloff. The USD ran lower as safe havens moved down which lifted Gold. Major US indexes look set to bounce again into the weekend on more bargain hunting. The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....continuing to be careful into shares as prices could continue lower. BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to commit to a rally. The price action from the US session is more positive and I expect more buyers to start to dip their toes in the water. Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities - GOLD , Oil and Copper Crypto - Bitcoin and Ethereum
COINBASE:ETHUSD
by TradeTheStructure
Market Meltdown...Trading plan and review of Key LevelsReview of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns. Safe Havens rallied with the USD, JPY and Gold (to a smaller extent) rallied. The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....time to be careful into shares as prices could accelerate lower. BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to again follow share markets higher. Expect that if share Indexes again turn south, cryptos may take another hit. Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities - GOLD , Oil and Copper Crypto - Bitcoin and Ethereum
COINBASE:ETHUSD
by TradeTheStructure
Trading plan and review of Key Levels for major marketsReview of the key levels in the major markets as the US flounders and is mixed ahead of Powells speech in the coming US session. Traders will be eagerly awaiting to see what Powell has to say about inflation and the Feds interest rate plan. USD edged lower as safe haven dollar buyers closed long positions. The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises in focus. BITCOIN and ETHEREUM took a beating as BTC spiked below $30k to take out some stops. Crypto enthusiasts will be hoping to see BTC back above the $30K area to fend off more selling pressure. Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities - GOLD , Oil and Copper Crypto - Bitcoin and Ethereum
COINBASE:ETHUSD
by TradeTheStructure
ASX200 support remains from 6910Hi all, this morning, it's hard not to notice 6910 support on the ASX200 daily chart. Sellers once again breached the level but have again been unable to hold the break with buying developing in today's cash session. We see this level as key support as it has held firm since April 2021. Green circles show the amount of times sellers have been unable to break the level since April. Interestingly, we've seen four moves higher after a level test. Today's idea is not a buy or a sell, it's more of a heads up. We will be watching this level to see if any further ideas develop.
EIGHTCAP:ASX200
by Eightcap
Trading plan and review of Key Levels for major marketsReview of the key levels in the major markets as the US continues to edge lower. CPI release spooked the market and saw the DOW futures dump 500 points ahead of the stock market open. Prices did bounce back into the open...in a strange sign of strength...before dumping again into the close. This created a fear based market as traders focus on inflation and a more aggressive US Fed on interest rate rises. USD re-adjusted higher and FX crosses (with the USD) moved lower. BITCOIN, ETHEREUM and crypto holders may come under margin pressure if the BTC and ETH rout continues. BTC needs to push back above the $30K zone to gather some confidence. Key theme is around the USD and whether it continues higher above 104 (USD Index) or we see some dollar weakness creep in. Expecting that many traders were caught off guard and will reposition higher. Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities - GOLD , Oil and Copper Crypto - Bitcoin and Ethereum
COINBASE:ETHUSD
by TradeTheStructure
Trading plan and review of Key Levels for major marketsReview of the key levels in the major markets as the US continues to edge lower. Major market indexes remain bias down for now. USD remains high while Oil , Gold and Cryptos take a beating. I still expect that there may be a major unwind of margin as traders get themselves in trouble and are forced to reduce risk. Key theme is around the USD and whether it continues higher above 104 (USD Index) or we seems some dollar weakness...will depend on the US CPI Date release ahead of the coming US session. Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities - GOLD , Oil and Copper Crypto - Bitcoin and Ethereum
COINBASE:ETHUSD
by TradeTheStructure
Review as US shares meltdown dragging crypto, Oil and Gold lowerReview of the key levels in the major markets as the US continues to melt down dragging others along with it. USD remains high while Oil, Gold and Cryptos take a beating. We may be seeing a major unwind of margin as traders get themselves in trouble and are forced to reduce risk. Key theme is around the USD and whether it continues higher above 104 (USD Index) or we seems some dollar weakness. Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities - GOLD , Oil and Copper Crypto - Bitcoin and Ethereum
COINBASE:ETHUSD
by TradeTheStructure