Bearish drop?NAS100 has rejected off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially drop to our take profit.
Entry: 18,292.33
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 18,736.57
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 17,445.52
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Indices
NASDAQ Is Approaching The Main TrendHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 17500 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 17500 support and resistance area.
Trade safe, Joe.
SPX500USD ( TRADING ABOVE SUPPORT LEVEL(1) ) ( 4H )SPX500USD
HELLO TRADERS
Tendency, the price is under bullish pressure , until the price trading above support level (1) at 5,206 .
Upward Zone : until the price trading above 5,206 , refers active upward zone , currently the price trading above turning level at 5,267 , to rising inside resistance zone between 5,344 & 5,411 , first thing for this rising reach of a resistance level (1) at 5,344 , by closing 4h candle above it easily reach next level at 5,411 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before .
Downward Zone: should the price reserve and breaking turning level at 5,267 , indicates dropping to support level (1) around 5,206 , to confirm true decline , the price it will be breaking 5,267 , by closing 4h candle below it to reach support level (2) at 5,124 , called support zone have been buying increase in this zone before .
Corrective level :Price may make a correction at 5,267 & 5,206 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 5,344 , 5,411 .
SUPPORT LEVEL : 5,206 , 5,124 .
NAS100USD ( INSIDE DESCINDING CHANNEL ) ( 4H) NAS100USD
HELLO TRADERS
in recent days , prices have fallen sharply , with the issuance of shares of several companies and losses .
Tendency, the price is under bullish pressure , until the price trading above turning level at 18,244 .
RESISTANCE ZONE : in order to see an increase , as long as trading and stabilizing above turning level at 18,244 , to support rising to reach of a resistance level (1) at 18,698 , to confirm a rising trading , price should be closing 1h or 4h candle above resistance level (1) to reach a resistance level (2) at 19,112 , this two level called resistance zone , there have been many sales in this zone before , may be the price reserve descending channel before rising .
SUPPORT ZONE : should the price reserve and breaking turning level , indicates dropping to support level (1) around 17,435 , to confirm downward , the price it will be breaking 17,435 , by closing 4h candle below it to reach support level (2) at 17,047 , to reach support level (3) at 16,232 , the price should be stabilizing below 17,047 , there have been many buying in this zone before .
Corrective level :Price may make a correction at 18,244 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 18,698 ,19,112 , 19,546 .
SUPPORT LEVEL : 17,435 , 17,047 , 16,232 .
SPX500 H4 | Bullish retracement to continue?SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,214.93 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 5,080.00 which is a level that lies underneath a pullback support.
Take profit is at 5,403.46 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
S&P500 Is Approaching The Daily TrendHey Traders, in tomorrow's trading session we are monitoring US500 for a buying opportunity around 5240 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5240 support and resistance area.
Trade safe, Joe.
NAS100USD ( BREAKOUT DESCINDING & ASCENDING CHANNEL ) ( 4H )NAS100USD
Tendency , the price is under bearish pressure , until trading below 18,244 .
TURNING LEVEL : the price of this level at 18,244 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE LEVEL (1) : this level around 18,698 , for reach this resistance level the price need breaking turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 19,112 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 17,435, for reach this support level the price need stabilizing below turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 17,047 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE : the price corrective at 18,244 , before dropping .
PRICE MOVEMENT : currently price 18.037 , my be the price first thing corrective turning level , as long as until the price trade below turning level at 18,244 , it will be trying to reach support level (1) , then breaking by open 4h or 1h candle below this level , indicates to reach a support level (1) , if the price breaking turning level by open 4h or 1h candle easily to reach of resistance level (1) .
TARGET LEVEL :
RESISTANCE LEVEL : 18,698 , 19,112 .
SUPPORT LEVEL :17,435 ,18,239 .
US30 / Global Stocks Decline as Investor Sentiment SoursStocks Drop as Early Relief Fades
Global stocks retreated on Tuesday, surrendering earlier gains as the uncertainty from the previous day's aggressive selloff weighed on investor sentiment. This occurred despite central bank officials making reassuring statements to calm the markets.
Current Outlook:
The price is trading in a critical zone, indicating potential breakout movements between 38,770 and 39,130. A decisive move in either direction is required to establish a clear trend, with a greater likelihood of a downward movement.
Bullish Scenario:
- Stability above 39,130 could signal a bullish trend, targeting 39,360 and 39,510.
Bearish Scenario:
- A bearish trend would be confirmed by stability below 38,770, with a 4-hour candle close below this level, aiming for targets of 38,380 and 37,800.
Key Levels:
- Pivot Line: 38,770
- Resistance Levels: 39,130, 39,350, 39,550
- Support Levels: 38,450, 38,100, 37,790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 38,450 and the resistance at 39,130.
DXY: Recessionary Environment And Potential UpsidesHey Traders, in the coming week we are monitoring DXY for a buying opportunity around 102.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 102.200 support and resistance area.
Trade safe, Joe.
Bearish reversal?NAS100 is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 18,292.33
Why we like it:
There is a pullback resistance level which is slightly above the 38.2% Fibonacci retracement.
Stop loss: 18,736.57
Why we like it:
There is a pullback resistance that aligns with the 61.88% Fibonacci retracement.
Take profit: 17,445.52
Why we like it:
There is a pullback support.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NAS100USD ( FALLING 600 POINT AND BREAKOUT TWO CHANNEL ) (4H) NAS100USD
HELLO TRADERS
Tendency, the price is under down ward pressure , until trade below 17,806 .
Upward zone : In order to see an increase, the price needs to break the turning level at 17,806 , to reach resistance levels (1) around 18,694 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 19,536 .
Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 17,320, then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 16,996 .
Corrective level :Price may make a correction at 17,806 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 18,694 , 19,536 .
SUPPORT LEVEL : 17,320 , 16,996 .
U.S. Futures Plunge on Recession Fears (USNAS100)U.S. Futures Plunge Nearly 4% Amid Recession Fears and Global Market Sell-Off
1. Nasdaq Technical Analysis:
Last week, the Nasdaq saw a decline of approximately 10.5% due to investor fears of a recession and geopolitical tensions.
Outlook:
The bearish trend is expected to continue towards 17,360 and 17,020 as long as the price remains below 17,875.
Bullish Scenario:
A reversal is anticipated if the price rises above 17,875 and closes a 4-hour candle above this level, targeting 18,150 and 18,430.
Bearish Scenario:
If the price trades below 17,775, it is likely to drop to 17,360 and 17,000, potentially breaking 16,990 to reach as low as 16,420.
Key Levels:
- Pivot Line: 17750
- Resistance Levels: 17870, 18140, 18430
- Support Levels: 17370, 17050, 16500
Today's Expected Range:
The price is anticipated to fluctuate between the support at 16,990 and the resistance at 17,880.
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2. U.S. Futures Plunge as Recession Fears Grip Investors
U.S. stock index futures tumbled on Monday, with Nasdaq futures falling nearly 4%, as recession fears spread through global markets. The stock markets across Asia and Europe experienced significant declines, and bond yields fell as investors flocked to safe-haven assets. Many are betting that the U.S. Federal Reserve will need to cut interest rates quickly to stimulate growth.
All megacap and growth stocks, which had been the main drivers of the indexes reaching record highs earlier this year, dropped sharply in premarket trading.
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Previous idea:
NAS100USD (STRONG BEARISH ) (4H)NAS100USD
Tendency , the price is under bearish pressure , until trading below 18,912 .
TURNING LEVEL : the price of this level at 18,912 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE LEVEL (1) : this level around 19,237 , for reach this resistance level the price need breaking turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 19,638 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1).
SUPPORT LEVEL (1) : this level around 18,481, for reach this support level the price need stabilizing below turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 18,239 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE : the price corrective at 18,912 , before dropping .
PRICE MOVEMENT : currently price 18,582 ,my be the price first thing corrective turning level , as long as until the price trade below turning level at 18,912 , it will be trying to reach support level (1) , breaking this level by open 4h or 1h candle above this level , indicates to reach a resistance level (1) .
TARGET LEVEL :
RESISTANCE LEVEL :19,237 , 19,638 .
SUPPORT LEVEL :18,481 ,18,239 .
S&P500 - Bathed in a Sea of Red: Market Turbulence AheadFutures Meltdown: Sharp Decline
U.S. index futures fell sharply on Monday following downbeat forecasts from Bad earnings in the second quarter and increasing geopolitical tensions.
The S&P 500 dropped sharply as noted last week and continues to trend bearish.
Bullish Scenario:
For a shift to a bullish trend, the price needs to stabilize above 5320, potentially reaching 5372 and 5409.
Bearish Scenario:
If trading continues below 5281, the price is expected to drop to 5168 and 5026.
Key Levels:
- Pivot Line: 5226
- Resistance Levels: 5259, 5320, 5372
- Support Levels: 5192, 5168, 5121
**Today's Expected Trading Range:**
The price is anticipated to fluctuate between the resistance of 5281 and the support of 5121.
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Bathed in a Sea of Red: Market Turbulence Ahead
Asian share markets are experiencing a significant downturn, with investors rapidly exiting riskier positions. The sell-off is widespread, impacting popular trades such as yen carry trades and cryptocurrencies. This sudden rush to liquidate positions has led to increased volatility and reduced market liquidity.
Investors are reportedly closing profitable positions to cover losses in other areas, contributing to the market instability. This dynamic might explain why gold prices have struggled to maintain upward momentum, despite its traditional role as a safe haven during times of market stress.
PREVIOUS IDEA:
Potential bullish rise?Dow Jones (US30) is reacting off the pivot which has been identified as pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 39,444.43
1st Support: 38,973.24
1st Resistance: 40,213.21
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
S&P 500 Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook:
The S&P 500 Index (Spooz) displayed notable volatility during the current week's trading session, departing from recent trends. As an analysis of the Weekly Chart for July 26 reveals the index reached the projected Mean Support level of 5402 before surging to the designated target, Mean Res 5567. Upon achieving this target, the Spooz dropped to our selected Inner Index Dip 5345 target like a bad habit. The prevailing price action suggests a sustained uptrend toward the Mean Res 5449 and a possible extension to the Mean Res 5525 in the upcoming week's trading sessions. It is worth noting that these attained targets are likely to exert downward pressure.
Could DJ30 bounce from here?The price is falling towards the support level which is a pullback support that lines up with the 78.6% Fibonacci projection and could reverse from this level to our take profit.
Entry: 39,976.70
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci projection.
Stop loss: 39,474.44
Why we like it:
There is a pullback support level which lines up with the 127.2% Fibonacci extension.
Take profit: 40,554.06
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NAS100USD ( BREAKOUT DESCINDING CHANNEL ) (4H)NAS100USD
HELLO TRADERS
Tendency , the price is under bullish pressure , after breakout descending channel .
TURNING LEVEL : the price of this level around 19,114 , as mentioned after the price trading above this level reach a resistance level (1) , yesterday reach target +440pip , may be the price it will attempt to reach this level before rising , but if the breaking 18,956 by open 4h candle below this level indicates likely to reach support level (1) .
RESISTANCE LEVEL (1) : this level around 19,529 , for reach this resistance level the price need trading above 19,114 , indicates have good selling in this level
RESISTANCE LEVEL (2) : around 19,826 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
RESISTANCE LEVEL (3) : around 20,217 , for reach this level it will be breaking by open 1D candle above resistance level (2) , indicates have very strong sells in this level .
SUPPORT LEVEL (1) : this level around 18,627, for reach this support level the price need breaking a turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 18,240 , for reach this level will be breaking by open 4h candle below support level (1) .
MY GOALS : resistance level (2) at 19,826.
TARGET LEVEL :
RESISTANCE LEVEL : 19,529 , 19,826 , 20,217 .
SUPPORT LEVEL : 18,627 , 18,240 .
SPX500 H1 | Strong bullish uptrendSPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,525.07 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 5,483.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 5,588.27 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.