Dow starting to set up a floor?Hi, trading view community. Looking at the Dow Jones on the daily chart, we’re starting to see a floor being set up by buyers from 32,485. This level sits in a deeper area of demand that’s been in play since February 22nd. After a volatile week of trade, could we see buyer confidence come back into the market today?
We want to see price hold above 32,485. A close below that level maintains seller drive, with indicators like the EMA and CCI still pointing to bearish conditions. But if we can see price continue to trade above that level, could the number be with buyers at the moment?
Currently, the YM is 0.77% lower at 32,558
Indextrading
Trading plan and levels to watch on key marketsReview of the key levels in the major markets ahead of the new week.
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
harmonics showing daily bounce attemptid call it 68/32 that we have a daily bounce attempt if we hold these lows. id look for a lower weekly high, and some additional bearish activity going into this week.
weve had a good rundown toward support that did break lower on the real body of futures and cause momentum toward backwardation. 5-6 weeks of red usually calls for a countertrend rally and elliott wave scenario is playing out correctively. this is why im sticking to the plain red path in the middle.
another wave of selling possibly coming to the dax (DAX3S)rising trama and tma acting as support on the weekly and trendline/ema just over spot in the index acting as resistance leads me to believe we could see the .5 of retracement over $2 in this leveraged inverse derivative of the DAX futures. top anchored vwap is indicating that a bull break of the mean may provide a long entry opportunity on the daily inverse to swing a bear break in the index.
Trading Session live trade analysis..2 wins from 2 tradesI thought that I would try something different and talk through my trades for the day and explain the reasoning behind the entries/exits. I also talked through some missed opportunities and the reasoning for NOT taking the trades in real time.
I trade primarily from price action and attempt to define the momentum moves for my prime entry setups.
Today there were only two trades...which in hindsight could have been better...but I traded to the plan and ended UP for the session.
I hope that you enjoy.
Please leave a comment or like if you would enjoy seeing more analysis of a Trading Day!!
Trade The Structure
US saved from another red session thanks to a late rallyUS markets rallied in the last hour to move from negative to positive territory ahead of the FOMC statement on inflation and interest rates. Gold took a beating as Gold and inflation bulls shake their heads. The USD continued to hover around highs which I expect will be the same theme for the coming few sessions before the FOMC meeting. Traders remain mixed with regards to inflation so expecting to see more choppy intraday action.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX and Nikkei
FX - Dollar Index (USD), EURUSD, GBPUSD, AUDUSD and USDJPY
Commodities - GOLD, Oil and Copper
Crypto - Bitcoin and Ethereum
Where to from here...US markets take a hit...levels to watchUS markets meltdown Friday and pressure Asian and European Indexes lower. I talk through the major US indexes and others in Europe and Asian, highlighting the key levels to watch and the overall trend and bias of the action.
Focus on : -
US - DOW, SP500 and Nasdaq
Europe - DAX and FTSE
Asia - ASX200, Hang Seng and Nikkei
FX - USD, EURUSD, AUDUSD, GBPUSD and USDJPY
GOLD
Take a look through my profile and leave a like if you enjoy what you hear and would like more!!
weak bounce structure nasdaq futures (us100)if we continue lower on the 5-15 minute id be in favor of ditching this bounce as long as we keep closing below trend regularity adaptive moving average 66 (TRAMA) as we are coming off overbought stochastics and making a lower high in price
Major Indexes are resilient but may be due to selloffThe world is focused on the US indexes which have recently broken down out of the uptrend. The question is now whether there is more downside to come which could turn into a major selloff after such a big Fed Fueled pandemic rally. I take a look at the price action and major levels of the Key Indexes.
In the US - DOW, SP500 and Nasdaq
Europe - DAX, FTSE and Eurostoxx
ASIA - ASX200, Hang Seng and Nikkei
Remember to take a look at my profile and follow for more content and analysis.
Russell US2000 Daily Outlook | 22 - AprYesterday was massively profitable for me. Today, once again lets see how price will react towards my expectations.
Note: Am not a mentor, i am just a random guy who journals his trades on TView for trading community to read and comment their opinion. This not a signal hence copy at your own risk!
Kings.
US100 Short idea for next weekUS100 has broken the 1H structure last, so I'm following the orderflow and looking for potential short position to fill the daily IMB down at 13400 area. Hopefully price will tap into the first unmitigated 15min OB, fill the tiny imbalance area above the ob and give me a confirmation entry at lower timeframe for a short position.
DAX, Do you agree QM ??Hello everybody
We back with another analysis of index , As you can see after the price fall down we should wait for some correction and now in correction level we are making a QM as you can see on chart and we need to wait to take acceptance in the resistance level that we shown on chart and then take signal in lower time frame for entrance and take in position.
I think everything was shown on chart exactly and the trader know what should be do in this analysis :D :D :D :D
If you have any question send us messages
Good Luck
Abtin
Trading Day Morning Jumpstart ahead of the Asian sessionMarkets held up okay in the US session but the pressure is definitely on as major Indexes across the board start to break lower.
I cover the key markets for the start of the new session ahead of the Asian market open. Major levels to watch and the current bias for markets....and how I would look to trade around these levels.
Markets covered : -
SP500, DOW, Nasdaq, ASX200, HSI, Nikkei, DAX and FTSE
US DOllar index, AUDUSD, EURUSD, GBPUSD and USDJPY
Oil, Gold and Copper
Bitcoin and Ethereum
Dow Jones: Spring Feelings 🌿After finishing wave in turquoise, the Dow Jones was moving back down to complete the low of wave in our turquoise box between 34643 and 33930 points. In the upper half of this zone, the index already turned back up and is currently ranging between the turquoise box and the next resistance level at 35281 points. There is a possibility that the Dow will dip into the turquoise box once again to reach its ideal target for the turquoise wave in the middle of the zone. Regardless whether this wave has already ended, or the index returns into the turquoise box, either way afterwards we expect the course to continue the overarching upward movement. The first stop on the way to new all-time highs is the resistance at 35281 points that needs to be cleared.
its not crashing, but its not popping either (us100)if were staying over 14700 and breaking 14875 id imagine its safe to stay long the index aiming for 15200. if we break thursdays low id imagine its safe to buy puts aiming for 14040. i dont think theres much rocking the price either direction, even with traders up in arms about this or that this week. most news is already priced in, and i wouldnt worry about crises be it ukraine or rate hikes. qqe is still long so ive still got a long bias until bears prove otherwise.
waiting for a pullback (es1!)e mini spx futures are a product obviously in huge demand. I'm still long the index, and long futures, but I'm waiting for it to show signs we are beating 4500, in which case Im long the breakout, or we are resistant to month highs, in which case I'm long after testing support around 4450. I'm only short if we break the daily uptrend around 4400 and test more resistance below 4500 or continue bearishly immediately breaking 4389 or so. target for long is about 4375 at least, and target for short is the former consolidation area around 4325.
"cautious sell"
"profit taking"