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Resistance is ahead! Can the Dow Jones make a break through? The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows. During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise. At present, the index is trading just beneath its next resistance level. If the Dow Jones manage to break through and hold above this breakout point, it is likely to initiate a new rally.
BLACKBULL:US30Long
by NaranjCapital
ViewHello, Traders. It's been a while since my last post. A lot has changed in my life: I received a promotion, got married, and traveled extensively across India, as well as to one international destination. While I kept an eye on the markets, I wasn't actively trading for the past year and a half. However, I'm back in action now, having resumed active trading over the last four months. I plan to share my insights whenever I anticipate market movements. Here’s my perspective for tomorrow. The markets have undergone significant changes in recent years, so it's essential to be cautious with your position sizes. The volatility is high, and algorithmic trading is prevalent, leading to unexpected spikes almost daily. In the past six trading sessions, the markets have been stagnant, often trapping traders with false breakouts in both directions. I believe we are due for a significant move of at least 500 to 600 points in one direction. You can consider going long if a 30-minute candle closes above 50792.90, with the first target set at 51133 and the second at the yellow trendline. Make sure to hold on for at least 350 points on the index before booking profits. You can opt for futures or purchase the 14 Aug 50700 CE, though I recommend futures since expiration is just a day away. It’s also advisable to short the 50700 PE and 50800 PE, keeping a stop-loss at 50% of the premium paid on the call side. If the premium on the 50700 CE reaches 50%, set a stop-loss on the futures. Given the market's volatility, it's best to tread carefully on the downside.
NSE:BANKNIFTY
by vivekz_142
[INTRADAY] #BANKNIFTY PE & CE Levels(14/08/2024)Today, Bank Nifty is expected to open with a slight gap up, with an opening level around 50000. After the opening, a possible reversal to the downside is anticipated. The downside target for today’s session could be around 49,550 if Bank Nifty does not sustain above 49950. Any upside rally will only be possible if Bank Nifty starts trading above 50050; this rally could reach up to 50450, which will act as a strong resistance level for today’s session.
NSE:BANKNIFTY
by TradZoo
QQQ Intraday $100 to $2500 with options RECAPQQQ is shown here on the 15 minute time frame. Overlaid are a HMA 7 and SMA 5 to provide moving average crosses. QQQ made a "M" pattern. Options charts are shown in the updates. First Trade SQQQ is opened at 9:48 for $ 6.00 per call contract times 16 contracts. It is closed at 10:05 less than 20 minutes later at $20.00 per contract. $96 dollars the only risk in the trade is waiting to settle as is the $ 224.00 in profit. ( This is a same day expiration intraday trade) Second Trade QQQ as QQQ has topped and is pivoting down. The second trade of the day is not a same day expiration as it is now Friday afternoon, a put option in the direction of the trend is taken for Tuesday the 20th, there being no puts for the Monday holiday. The floating profit is $ 224 and the strike is set for below the money in the current direction of the trend. A strike of $ 429 selected. The options chart is shown in the updates. The premium was 0.37 so $37 per contract so six contracts were taken for a total of which is $222 or slightly less than the profit on the first trade. The trade is taken at 14:47 market time and closed about 90 minutes later at 15:52 before the close. The contracts sold at close for $ 1.41 each yielding $ 141 per contract or $ 2256 overall. Between the two trades $100 was risked and $ 233 + 2256 or 2489 overall. The Reward to Risk ratio was about 25. The profit and the initial $100 into the trades awaits settlement after the holiday. This trade was made to teach a mentee about the power of options leveraged with narrow expirations to optimize profits and not spend a lot of time in the trade to minimize risk in the market from any number of potentials. Alerts and notifications centered on moving averages and rise or fall of intraday low time frame relative strength are used to lessen screen time. Twenty baggers may not be everyday but then again with practice and patience they can come along often enough.
NASDAQ:QQQ
by AwesomeAvani
Nasdaq - (Bullish) Clarity in two days!TVC:NDQ is now retesting a very important inflection level and maybe attempting a breakout. Parabolic rise or -20% correction over the next couple of months. So far there is a lot of uncertainty as to whether the Nasdaq will manage to break above the current resistance trendline. We simply have to wait for this monthly candle closure as well as the monthly candle closure of July until we can make a clear prediction. So far, everything is still possible! Levels to watch: $20.000, $16.000 Keep your long term vision, Philip - BasicTrading
TVC:NDQLong
by basictradingtv
16
Urgent Market Alert: Potential Coordinated ReversalIndian stock market started showing reversal signs. The upcoming release of the US Consumer Price Index (CPI) data at 8:30 AM EST (6:00 PM IST) is a pivotal event with the potential to trigger a reversal in the US market. This data point will provide crucial insights into inflationary pressures, which are a primary concern for the Federal Reserve and investors alike. In case the reversal doesn’t happen, follow technical levels.
VANTAGE:SP500
by astroduniarp
Nasdaq - Soon heading to $30.000?Hello Traders and Investors, today I will take a look at the Nasdaq . -------- Explanation of my video analysis: For more than a decade, the Nasdaq index has been trading in a rising channel formation with the last retest of the support trendline being back in the end of 2022. At the moment, Nasdaq is retesting the upper resistance trendline and if we actually see a breakout over the next 2 months, we might see a similar rally of +50% compared to the one which we saw back in 2020. -------- Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
9
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PEPPERSTONE:HK50Short
by Thief_Trader
NASDAQ: Perfect pullback execution. Bullish reversal next week.Nasdaq delivered the expected pullback which was validated when it crossed under the 4H MA50. Today it almost reached the 1D MA50, which is also where the 4H MA200 sits, turned momentarily bearish on the 1D technical outlook (now neutral/ RSI = 47.140, MACD = 151.030, ADX = 59.182) and the 1D RSI achieved symmetry with the December 6th 2023 Low. We still expect the 1.5 Fibonacci extension to get reached before the next pullback (TP = 19,250). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
S&P500: Don't expect any sizeable correction any time soon.The S&P500 index is on very healthy bullish levels on the 1D timeframe (RSI = 63.385, MACD = 146.190, ADX = 48.596) showcasing in the best possible way the bullish bias of the long term trend and pattern, which is a Channel Up. This month's pullback is perhaps the best buy entry we can have as in relative terms based on the 1W CCI, the index is printing a consolidation phase similar to August-October 2020. As long as the 1W MA50 is in support, we expect the Channel Up to gradually rise in the same manner as then and by early 2025 possibly hit the 1.618 Fibonacci extension (TP = 6,800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
DOW JONES: Correction completed. Time for a new High.Dow Jones may have turned red on its 1D technical outlook (RSI = 35.469, MACD = -17.010, ADX = 38.217) but it is only neutral on 1W (RSI = 52.498) suggesting that on the long run, these are strong buy levels from a R/R perspective. Two weeks ago we called the current pullback to 38,550 as a possibility but now it is time to turn bullish again. As you can see, on the 1W timeframe, there are striking resemblances with the Channel Up of March 2023 and in today's terms we are on the May's 2023 corrective wave. We expect at least a +13.67% rise from the recent bottom and our target sits slightly under that level (TP = 42,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
S&P500: Wait for the ideal level to rebuy.The S&P500 index is neutral on its 1D technical outlook (RSI = 44.135, MACD = 2.270, ADX = 26.567) despite the fact that it made a new All Time High, in fact turning the former R level into S. The uptrend is being supported by the 4H MA50 since the May 2nd breakout and the Channel Up presents a new low risk buy opportunity close to the 4H MA100, ideally when the 4H RSI approaches the 30.000 limit. We will wait for the opportunity to go long and target the top of the Channel Up (TP = 5,400). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500
by InvestingScope
NASDAQ: Overbought and on a 4H Golden Cross.Nasdaq is almost overbought on the 1D timeframe (RSI = 69.095, MACD = 114.290, ADX = 45.033) and even though it has entered a new long term bullish wave, a short term technical correction is needed. In addition, it has completed the first 4H Golden Cross since November 8th 2023. The index then crossed over the LH trendline. We are already above the new LH. Enter on the next 4H MA50 contact and target the 1.5 Fibonacci extension (TP = 19,250). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
1
DOW JONES: Two levels to buy.Dow Jones is bullish on its 1D technical outlook (RSI = 62.964, MACD = 188.520, ADX = 55.476) and has completed three green 1W candles in a row. Having reached the 0.786 Fibonacci level, the last confirmation left to see in order to call for a continuation of this uptrend is for the 1W RSI to cross over its MA. The moment it does, we will buy again and target the Channel's top (TP = 42,000). Until that moment, we will wait for a more comfortable buy lower at 38,550 (TP = 42,000 again). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
S&P500: Bullish trend confirmed.S&P500 has turned bullish on the 1D timeframe (RSI = 58.980, MACD = 2.870, ADX = 28.757) as today it is trading and will most likely close over the 1D MA50 for the third day in a row. Having crossed over the LH, the index has invalidated the bearish sentiment of April and a new Channel up is emerging. If it capitalizes on the 1D MACD Bullish Cross, we expect the 1D MA50 to hold from now on as the medium term Support, just like the 1D MA100 held on the April 19th bottom. Buy and target the R1 level on the short term (TP = 5,275). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
CHINA 50 INDEX Bearish side money heist planMy Dear Robbers / Traders, This is our master plan to Heist Bearish side of CHINA 50 index Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
SKILLING:CHINA50Short
by Thief_Trader
NVDIA: bottomed but may consolidate for a while. Massive upside.NVDA is neutral on its 1D technical outlook (RSI = 45.860, MACD = -7.940, ADX = 34.317) as it corrected to a respectable extent, a correction that we have been expected as pointed out on our latest idea. The Channel Up is intact, the price crossed under the 1D MA50 and like the September-October correction, it may consolidate until it catches up with the 1D MA100. Whatever the case, this is most likely NVDIA's bottom, a symmetric -21.33% correction with an enormous upside on the 4.0 Fib extension, like the two Highs prior. For the time being our target is a more modest one on the 2.0 Fib (TP = 1,250). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NVDALong
by InvestingScope
DOW JONES: Pattern worked like beauty. Technical rebound.Dow quickly turned neutral again on its 1D technical outlook (RSI = 49.651, MACD = -238.11, ADX = 37.915) not staying for long on its previous bearish state as after hitting our TP = 37,300 it rebounded emphatically and is about to test the 1D MA50. The pattern was the same as the prior corrections inside the Channel Up: pullback to the 0.382 and -6.95% in particular like on December 20th 2022. Now the price should at least retrace to the 0.786 Fib on this bounce. Long TP = 39,350. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
S&P500: 1D MA100 hit. Short term rebound at least to be expectedS&P500 is bearish on its 1D technical outlook (RSI = 37.601, MACD = -44.800, ADX = 58.528) as it touched the 1D MA100 on Friday after more than 5 months. This calls for a short term rebound at least as every previous corrective wave inside the multi month Channel Up that approached the 1D MA100, it rebounded to at least the 0.618 Fibonacci level. Following our last short call, we are now turning long again (TP = 5,115). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
1