Indextrading
us100Hello traders, here is the analysis from our team :
NASDAQ.
buy : 11195
TP 1 : 11198
TP 2 :11200
TP 3 11208
SL : 11183
money management : 11198. this is part two of our spread trade.
StevesTradingView 😉
Let us know in the comment section below if you have any questions.😉
us100Hello traders, here is the analysis from our team :
sell: 11098
target #1 11095
Target: 11085
Stop : 11111
Money management : 11095
Part #1 of spread trade.
Let us know in the comment section below if you have any questions.😉
Potential NASDAQ LONG Trading PlanAs expected, NASDAQ is currently on pull back before rallying up again retesting the highest pivot point of 10144.
Work Form Home policy has apparently given a significant positive impact of NASDAQ index as stocks like ADOBE has surged in terms of its revenue last week. I see nothing can stop these technologies bunch as it is immune to the recession as compared to brick and mortar business models.
Trading Plan:
i) LONG when it reaches pull back 1 at 9467.3 and pull back 2 at 9279.4 with the target Take Profit point at 10144.
Author:
S.I.D. Aizu
Nas100US technology stocks has shown a great retest into the 8950 zone which is a key demand.
We saw a perfect retracement to the zone, an impulse move and a liquidity grab.
Now we should see price move up.
We have a hidden order just incase price moves back again for one last move - but then the block we believe will provide a good base.
Thanks
Lupa
Us30 - from FridayPrivate trade we took
Cannot upload everything we analyse - but this one was necessary as the target is was left to its own device here.
We only used a 0.5 contract to run to the target
and closed the other 1.00 before at target I.
The reason for the trade?
W bottom formation - included a double bottom on the 15min pattern.
We entered early and then as the rejection of the double bottom. again.
With indices you have to use a larger stop but with correct entry points it is possible to have smaller ones.
The base consolidated in the box and had some rejection wicks. we waited for the zone to re-enter to signify a fakeout.
How far can we see Dow Jones Drop? 15000?On market open Dow jones was trading around the 18000 level. It seems the coronavirus is really taking its effect. If we can see a drop into the 15000 level where the lows of 2015 are this will have erased 5 years of growth in simply weeks. Crazy movement we are seeing the past few weeks. If anyone is not familiar with dow jones it is an index containing 30 stock market companies in the United States. Index trading can be very volatile especially now but if we do see a pull back to the 15000 level i will be entering a long position as it is a great opportunity for the recovery period of the corona virus.
SPX500 - O Crap! Are we in for the mother of all corrections?From a Elliott Wave Theory perspective it looks like the monthly S&P500 has completed 5 waves up - so the theory dictates we need to correct the 5 waves up with three waves down. The prior 4th wave low is usually the end of the retracement. However, retracements can go all the way back to the prior 2nd low !!!
#SP500,The declines to where?The SP500 dropped last week and stopped just above the average moving line 100 on the weekly graph, if we look at history in the last two serious price correction, The SP500 fell and did not stop at the 100 moving average line, but continued to the 200 moving average line
According to Stochastic and RSI, the declines have not yet come to an end.
Right now the SP500 is still very technically bullish
Our target will be above the 200 moving average line: $ 2686
The 2020 Election Bull run - The Scandal-mongers they were rightJust a little thesis I put together for what might spark the next bull run.
Interestingly leading into each presidential election since the GFC the markets have plateaued for 18 months. After the 2012 election it was QE3 that sparked a bull run & in 2016 it was Trumps bullish corporate policies.
Yes there has been other factors but now the big question to ask is "what could be the catalyst for a bullish market rally after the 2020 election"?. I propose that it could be the fact that the markets finally swallow the bitter pill, that being, interest rates are never going to normalize again. At this point in time I cant see anything other than this being the spark for the next upward run. The appetite for income could see sovereign wealth funds, governments, corporations buying up and cannibalizing everything. Margin debt is set to go off the richter. This could nearly be like a fire sale. Let me know what you think will be the next bull run catalyst - Cheers
#CAC40, The big landslide has begun?We are still a long way from getting the double top pattern confirmation but we have an interesting start here, just in case the CAC40 dropped below 5000 points so the trend change will be final.
RSI + Stochastic 2 These indicators indicate more room for declines.
Target: $ 5450
Can the S&P 500 grind higher?Basic analysis of the last two growth periods for the S&P 500 gives us an average headroom value before we can expect next pullback. As we are already through the low-end estimate of 4095 experienced during 2018, we look to the average value of 5471, giving us a price target of $3400 on the /ES. This has been a consensus call among many institutional equity traders since the beginning of the most recent trend in Sept/Oct. 2019.