Get started

Indextrading

BANK NIFTY ANALYSIS 15 MIN (NOV 15)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . BANK NIFTY 15 min Daily view : It is stretched and it has made inside candle at all time high. If we study history, when last time it was at all time high on 25th oct 2021 it reversed back and made big red candle after 2-3 days. Be cautious....! . 15 min view : I have mentioned everything in the charts you can see and observe and learn. . Let,s what condition market gives to us tomorrow. Thank You !
NSE:BANKNIFTY
by Twobrainztrader
3
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 20% DXY, 80% Cash. *DXY and Long-Term US Treasuries are down after a barely dovish October CPI print that has investors thinking that the Fed is going to somehow pause rates hikes in 2023 or slow down on December 14th. Equities benefited from this and if it wasn't for the FTX/Alameda fallout then Cryptos may also be benefitting from this recent transition back to Risk-On. Bad headlines keep coming out for FTX as a large portion of their remaining assets (around ~$700m) were "illegally moved" last night after they filed for Chapter 11 Bankruptcy earlier in the day; after hearing about the FTX backdoors that only SBF and 3 other people knew of, it's hard not to be skeptical of who orchestrated this. The Fed has made it abundantly clear that they still have a ways to go before bringing the federal funds rate to a sufficiently restrictive level, and if there's one thing that we learned in 2020 and this year, it's to not fight the Fed. Keep an eye out for what Russia decides to do about the Grain Deal with Ukraine that's set to expire next Saturday 11/19. Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; US October Retail Sales at 830am EST 11/16; US October Building Permits and Housing Starts at 830am EST 11/17; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . * Price is currently trending down at ~$106.41 and broke below $108.04 support after falling 4% on the CPI report. Parabolic SAR is bullish at the moment. RSI is currently trending down at 32 with no signs of trough formation, the next support is at 23. Stochastic remains bearish and is currently trending down at 10.25 as it approaches a retest of 9 support. MACD remains bearish and is currently trending down at -0.75 as it approaches a test of -0.83 support for the first time since July 2020. ADX is currently trending up at 16 after forming a trough at 13 as Price continues falling, this is mildly bearish at the moment. If Price is able to bounce here then it will likely test $108.04 resistance . However, if Price keeps going down, it will likely test the 200MA at ~$104.75 as support for the first time since June 2021. Mental Stop Loss: (two consecutive closes above) $108.04.
TVC:DXY
by dailytaguy
The crisis is here but worst is to comeUs30 has a huge divergence with Nas100 and S&P500 . These 3 index usually behave the same but lately Us30 has been making a strong bullish move while Nas100 and S&P500 are holding way below. There are multiples catalytics this mont and the following month that can help this move to happen. In my opinion the move has started with the Federal Fund Rate interest rate . The interest rate went up to 75bps. We have NFP coming up, CPI and others. The scenario is not looking good. The curve is not here yet which must likely will make the market to suffer more.
UShort
by Wiiso
2
DXY Daily TA Neutral BearishDXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 42% DXY, 58% CASH. * MINOR SUPPORT WATCH . US Midterm elections are underway and the polls are getting ready to close soon, Republicans are expected to control both the House and Senate when the results come in. DXY, US Long-Term Treasuries, CNYUSD, Metals, Agriculture and Cryptos are all down. While Equities, Equity Futures, JPYUSD, GBPUSD, EURUSD, VIX and Energy all finished higher on the day. In a calamitous day that sent shockwaves through the entire Crypto industry, FTX experienced a liquidity crunch due to investors fleeing their exchange token FTT en masse after reports surfaced on 11/06 of Alameda Research (partner crypto trading firm) possibly not being as solvent as people thought. This inspired Binance to one-up their initial investment in FTX (that they exited last year) by acquiring all of FTX (excluding FTX.US) in a strategic transaction to provide liquidity to the struggling exchange . FTX CEO and Co-Founder Sam Bankman Fried was ranked the 95th wealthiest person in the world just yesterday with a $15.6b estimated net worth; now, after the biggest one-day collapse (94%) ever among billionaires tracked by Bloomberg, his net worth is estimated to be $1b. This event sent almost all Cryptos down 20%+ as investors feared what kind of ripple effects such a big player (FTX) going down in the industry would have on the broader market. Equities and Cryptos showed another case of decoupling with Equities finishing higher for a fourth consecutive session on the expected Red Sweep in Congress, the CPI print on Thursday will be telling in how far this rally in Equities has to go. Today, Xi Jinping inspected the joint operations command center of the Central Military Commission as part of an effort to enhance combat preparedness, he was even quoted as saying that "the entire military should devote all its energy to, and carry out all its work for, combat readiness" to "enhance its capability to fight and win and effectively fulfill its missions and tasks in the new era". It's become quite clear that China will likely invade Taiwan later this year or in 2023 with Taiwan continuing to make independent decisions like investing $10m in chip production in Lithuania as well as "colluding with external forces" (meeting with world leaders that recognize Taiwan as a sovereign state). The US has information regarding North Korea supplying Russia with weapons , North Korea is one of the few countries in the world to openly recognize Russia's proclaimed territories in Ukraine. Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . * Price is currently testing $110 minor support for the third consecutive session and risks losing support of the 50MA if it breaks below $110. Parabolic SAR flips bullish at $113.05, this margin is mildly bullish at the moment. RSI is currently trending sideways at 41 and is technically retesting 39.43 support for the second consecutive session. Stochastic is currently bearish and is beginning to form a trough at 15, the next support is at 9. MACD remains bearish and is currently trending down at -0.30 as it approaches a test of -0.38 support for the first time since April 2021. ADX has been forming a soft trough at 14 for three consecutive sessions as Price struggles to find buying momentum, this is neutral at the moment but if ADX starts to go up as Price goes down this would be mildly bearish. If Price is able to bounce here and defend $110 support then it will likely retest the 50MA as resistance at ~$111.25 . However, if Price continues to breakdown here, it will lose $110 support and likely retest $108 support . Mental Stop Loss: (two consecutive closes above) $110.03.
TVC:DXY
by dailytaguy
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * CRITICAL RESISTANCE WATCH . US midterm elections are tomorrow and the Republicans appear poised to take the House and Senate, if this happens then a short-term rally would likely ensue leading up to the CPI report on Thursday. Equities, Equity Futures, Cryptos, Metals, US Treasury Bonds, VIX, GBPUSD, EURUSD and JPYUSD are up. DXY, CNYUSD, Energy and Agriculture are down. Key Upcoming Dates: US Midterm Congress Elections 11/08; Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently retesting the lower trendline of the descending channel from July 2021 at ~$3775 as resistance which is just below the 50MA (~$3800). Volume is currently Moderate (moderate) and on track to favor buyers for a second consecutive session if it can close today's session in the green. Parabolic SAR flips bullish at $3900, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 50 as it approaches a test of 52.68 resistance. Stochastic remains bearish and is currently beginning to form a trough at 27, the next support is at 18.32. MACD remains bullish and is currently trending sideways at 6.5, it's still technically testing 10.73 minor resistance but if it crosses below 0 it would be a bearish crossover (there are two support levels just below at -5 and -11). ADX is currently trending down slightly at 18.5 as Price attempts to push higher, until a trough is formed this correlation is mildly bearish. If Price is able to recapture support at the lower trendline of the descending channel from July 2021 at ~$3775 and break above the 50MA at ~$3800 as resistance , then it will likely aim to retest $3913 minor resistance . However, if Price is rejected here, it will likely retest $3658 minor support . Mental Stop Loss: (two consecutive closes below) $3770.
SP:SPX
by dailytaguy
DXY Daily TA Neutral BullishDXYUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% DXY, 48% Cash. * FOMC WATCH . DXY, VIX and Agriculture are down while Cryptos, Equity Futures, US Treasuries, CNYUSD, JPYUSD, GBPUSD, EURUSD, Metals, Oil and Energy are up. White House Economic Advisor Bernstein said today that "President Biden has endorsed the Fed's policy pivot", which many readers interpreted as a sign of 75bps and a Fed pivot tomorrow; turns out he was referring to the hawkish pivot already being made this year. Interesting word choice with the FOMC rate hike announcement tomorrow and US Midterms on 11/08/22. The US Pentagon has confirmed that there are US military personnel currently in Ukraine conducting security detail at the embassy and providing logistical support for Ukrainian soldiers , but that none are on the frontlines. However, it's rumored that there's a large presence of clandestine CIA and US special forces that have been operating in Ukraine since the Russian invasion in February . The second GDPNow US Q4 GDP estimate is 2.6% , down from 3.1% on 10/28. Key Upcoming Dates: FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently attempting to push higher after bouncing off the 50MA at ~$111. Parabolic SAR flips bullish at $112.75, this margin is mildly bullish. RSI is currently trending down and testing the uptrend line from August 2020 as support at 49.10 minor support. Stochastic remains bullish and is currently testing 50.61 resistance with no signs of peak formation. MACD remains bearish and is currently forming a soft trough just above -0.38 support for the fourth consecutive session. ADX continues to trend down at 13.57 as Price attempts to push higher, this is mildly bearish. If Price is able to keep pushing higher then it will likely aim to retest the local-high at ~$114 as resistance . However, if Price breaks down below the 50MA at ~$111 as support , it will likely retest $110 minor support . Mental SL: (two b2b closes below) $111.
TVC:DXY
by dailytaguy
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * CRITICAL RESISTANCE TEST . US Midterm elections take place in a little over a week (11/08) and markets are bracing for the FOMC statement on FFR at 2pm on 11/02. Equity Futures are down while Cryptos are mixed and seeing a case of the Sunday Scaries. The Nikkei 225 and Hang Seng are currently up so it gives a bit of hope to US equities in the morning. Russia continues with its pause on the Black Sea grain deal which puts food supply chains at risk in the coming months leading into winter. As Elon Musk's Twitter deal completes, Twitter is to begin charging $20 a month for the blue check (account verification) . Brazil elects left-wing underdog Lula as President after serving two terms as Brazil's President from 2003-2010. Key Upcoming Dates: 2nd GDPNow US Q4 GDP estimate 11/ 01 ; FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently breaking back above the 50MA and is trending up at ~$3900 after bouncing off of the lower trendline of the descending channel from August 2021 at ~$3790. Volume remains High (low) and has favored buyers in five of the past six sessions as Price tests the Point of Control (VP) at $3915 as resistance. Parabolic SAR flips bearish at $3600, this margin is mildly bearish at the moment. RSI is currently trending up at 60 after bouncing off of 52.68 support, the next resistance is at 68.42. Stochastic remains bearish in the "bullish autobahn zone" for two consecutive sessions and is completing a trough formation at ~89.5, it would experience a bullish crossover at ~90 where it would then likely retest max top. MACD is currently trending up at ~6.8 with no signs of peak formation as it approaches a test of 10.73 minor resistance for the first time since July 2022; it's also still technically testing the weak uptrend line from March 2020 at around -11.45 resistance. ADX is currently beginning to form a trough at 23 as Price pushes higher, this is mildly bullish at the moment. If Price is able to keep pushing higher then it will likely formally retest $3938 minor resistance before potentially retesting the 100MA at ~$4100 as resistance . However, if Price breaks down here then it will likely test the 50MA at ~$3840 as support . Mental Stop Loss: (one close below) $3780.
SP:SPX
by dailytaguy
2
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 25% DXY, 75% Cash. * 50MA RESISTANCE TEST. Both PCE price index and Core (without food and energy) for September saw the same increase from the August report , with PCE increasing 0.3% from August and Core increasing 0.5%. Though some may see this as plateauing, it's a bit premature and doesn't negate the fact that PCE is still increasing. Federal funds rate traders are still betting on a 75bps rate hike next Tuesday. The first GDPNow US Q4 GDP estimate is 3.1% ; the last Q3 GDP estimate was 2.6%. DXY, US Treasuries, Cryptos, Equities, Equity Futures and GBPUSD are up while Commodities, CNYUSD, JPYUSD, EURUSD and VIX are down. Key Upcoming Events: 2nd GDPNow US Q4 GDP estimate 11/01; FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently trending down at ~$110.70 after getting rejected by the 50MA at ~$111 as resistance on the first test, the next support (minor) is at ~$110. Parabolic SAR flips bullish at $113.45, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 46 as it approaches a test of the uptrend line from July 2020 as resistance at ~47, if it's able to break above then it will likely test 49.10 minor resistance. Stochastic crossed over bullish in today's session after bouncing off of 9 support, the next resistance is at 24. MACD remains bearish and is beginning to show signs of trough formation as it tests -0.065 support. ADX is currently trending down slightly at 15 as Price continues to fall, this is mildly bullish at the moment; if ADX doesn't form a trough and Price keeps falling, this would imply that the bull run isn't over. If Price is able to breakout above the 50MA at ~$111 as resistance then it will likely retest the 1-month high of $113.95 as resistance . However, if Price continues to trend down here, it will likely retest $110 minor support . Mental Stop Loss: (two consecutive closes above) $111.
TVC:DXY
by dailytaguy
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% SPX, 40% Cash. * 50MA RESISTANCE TEST . Equity Futures, Hang Seng (Hong Kong) Index, Cryptos, DXY, US Treasuries and JPY are up while CNYUSD, GPBUSD and EURUSD are down. Equities and Commodities finished today's session higher. US September New Home Sales came -10.9% lower at 603k compared to August's 677k, and 17.6% lower than September 2021 . The housing market is finally catching up to financial markets and starting to reverse course. The 20th and final GPDNow US Q3 GDP estimate came in at 3.1% compared to 2.9% on 10/19. As the FOMC meeting on 11/01-11/02 nears, the recent significant downturns in PMI and New Home Sales may not be enough to save the Fed from going with 100bps if US September PCE index doesn't come down equivocally. However, most speculators are still betting on a 75bps rate hike. Key Upcoming Dates: US Q3 GDP First Estimate at 830am EST 10/27 ; Amazon Q3 and Apple Q4 Earnings 10/28; First GDPNow US Q3 GDP estimate 10/28; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.* Price has successfully broken back into the descending channel from August 2021 and is currently trending down at ~$3830 after being rejected by the 50 MA at ~$3860 as resistance; it would confirm support of the channel if it were to successfully defend the lower trendline of the channel at ~$3795 as support. Volume both remains High (low) and has favored buyers for four consecutive sessions now. Parabolic SAR flips bearish at $3547, this margin is mildly bearish at the moment. RSI is currently trending down at 55.5 after forming a peak at 58, the next support is at 52.68. Stochastic is currently on the verge of crossing over bearish at 96, the next support is at 76 but as long as it stays above 85 it is in the "bullish autobahn". MACD remains bullish and is currently testing the weak uptrend line from March 2020 at 10.73 resistance with no signs of trough formation. ADX continues to trend lower at 25 as Price is pushing higher, this is mildly bearish at the moment. If Price is able to breakout above the 50 MA at ~$3860 as resistance then it will likely aim to retest the VP Point of Control at around $3938 minor resistance . However, if Price continues to breakdown here, it will likely test the lower trendline of the descending channel from August 2021 at ~$3795 as support . Mental Stop Loss: (two consecutive closes below) $3795.
SP:SPX
by dailytaguy
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 15% DXY, 85% Cash. * BOUNCE WATCH . DXY, US Treasuries and VIX are down while EURUSD, GBPUSD, JPYUSD, CNYUSD, Cryptos, Equities, Equity Futures and Commodities are up. US October Consumer Confidence dropped to 102.5 from 107.8 in September as consumers are beginning to expect economic decline in the short to medium term. Russia told the UN today about their fear of a Ukrainian 'dirty bomb' ploy to accuse Russia of using tactical nuclear warfare . This type of strategy was most recently used in the Crimea bridge explosion incident which Russia was quick to pin on Ukraine, it's based on a kind of Red Herring fallacy in relevance called Circumstantial Ad Hominem where one arguer claims that the other's personal situation or perceived benefit from advancing a conclusion means that it's the wrong conclusion. Key Upcoming Dates: US September New Home Sales at 10am EST 10/26 ; Alphabet Q3 Earnings and Microsoft Q1 Earnings 10/26; 20th and Final GDPNow US Q3 GDP estimate 10/26 ; US Q3 GDP First Estimate at 830am EST 10/27; Amazon Q3 and Apple Q4 Earnings 10/28; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.* Price is trending down and currently testing the 50 MA at ~$110.75 as support, the next support (minor) is at ~110. Parabolic SAR flips bullish at ~$113.90, this margin is mildly bullish at the moment. RSI is currently trending down at 45 and is on the verge of losing support of the uptrend line from July 2020 at 49 minor support, the next support is at 39.43. Stochastic remains bearish and is currently testing 9 support with no signs of trough formation. MACD remains bearish after breaking down below 0.65 support and is currently trending down at 0.34 with no signs of trough formation as it approaches 0.24 support. ADX is trending down at 17 with no signs of trough formation as Price is beginning to breakdown, this is neutral at the moment. If Price is able to bounce here than it will likely retest ~$112 as resistance before potentially retesting the one-month-high of $114 as resistance . However, if Price breaks down below the 50 MA, it will likely retest $110 minor support . Mental SL: (two consecutive closes above) $112.
TVC:DXY
by dailytaguy
SPX Daily TA Cautiously BullishSPXUSD daily guidance is cautiously bullish. Recommended ratio: 70% SPX, 30% Cash. *Equity Futures are up to start the week and Cryptos are currently seeing some Sunday Scaries, this particular combination typically bodes well for the Equity bulls in Monday's trading session. DXY is up and US Treasuries are down. Today Russia accused Ukraine of planning to detonate a 'dirty bomb' (an explosive with radioactive elements) with hopes of blaming Russia for using weapons of mass destruction and instigating a response from NATO . Key Upcoming Dates: S&P US October Manufacturing PMI at 945am EST 10/24 ; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; 20th and Final GDPNow US Q3 GDP estimate 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.* Price is currently trending up at ~$3752 after bouncing from $3658 minor support, the next resistance is the lower trendline of the descending channel from August 2021 at ~$3800. Volume is currently High (low) and trading in the third largest supply/demand zone as it broke a three day streak of seller dominance with a green close in Friday's session. Parabolic SAR flips bearish at $3507, this margin is mildly bearish at the moment. RSI is currently trending up at 51 as it approaches a retest of 52.68 resistance for the first time since 09/12/22. Stochastic is currently crossing over bearish at 88 in the 'bullish autobahn zone', as long as it stays above ~85 this would still be bullish. MACD remains bullish and is currently testing -43.84 resistance for the first time since July of this year. ADX is currently trending down at 29.36 as Price keeps pushing higher, this is mildly bearish at the moment. If Price is able to continue up here then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3800 as resistance before potentially retesting the 50 MA at ~$3900 as resistance . However, if Price breaks down here, it will likely retest $3658 minor support . Mental Stop Loss: (one close below) $3658.
SP:SPX
by dailytaguy
DXY I LONG to follow its historical growthWelcome back! Let me know your thoughts in the comments! **DXY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
TVC:DXYLong
by BKTradingAcademy
19
S&P500 For the first time since the COVID sell off the SP:SPX closed the WEEK below the 200 SMA at 3583 points, for the previous three weeks the index was trying to test the support of the 200 SMA but after the heavy selling pressure in the other indexes TVC:DJI NASDAQ:IXIC and NASDAQ:NDX . SP:SPX has broken the support to the downside and most of the stocks are closing at the lowest prices after breaking most of the medium and long-term supports. on the other hand, the indicators are confirming the same view as the RSI is below its moving average at 36 level, also the stochastic is still giving sell and weakness signals. A small rebound is expected as a correction in the very short term closing the long positions, and opening short positions are recommended.
SP:SPXShort
by IsmailAbdulMeguid
The OPEC Supply Cut Effect will push the price = $110My bias,the market was overall bearish before the change in trends as a result of the double bottom chart pattern at around the .0 Fib level. The latest cut of crude supply to the global market by opec will bring a rise in oil price up to 1500 Pips,ie price from current to $97 and a brief pull back before rising to $10. The would likely play out as sanctions on Russia oil left most market with lesser choice but to compete in purchase with the limited oil supply. Tell your oil producing countries to get ready for this price surge vice versa.
TVC:USOILLong
by Ejike_Odeh
betting on rip sellits fantastic that major indices are still managing to find areas of support on the way down. this to me is indicating when we do finally recover it will happen in a reliable manner. its also telling me that these areas are not max pain. to find a bottom permenantly id like to see bullishly diverged oversold levels in high volume. right now signal is still red, and trama sss ma are resistive near top of envelope. these indicators would need to show green candles before spx is a buy again.
SP:SPXShort
by cerealpatterns