S&P 500 Daily Chart Analysis For Week of March 7, 2025Technical Analysis and Outlook:
In the recent weekly trading session, the S&P 500 successfully retested the Mean Resistance level of 5967; however, it subsequently experienced a significant decline. This decline brought the index back to the Mean Support level of 5860 and further down to the next major Key Support level of 5710. After this downturn, the index established a new critical support level at 5683. It is now positioned to target the Mean Resistance level of 5840. Should the index initiate an upward movement from its current position and successfully surpass this key resistance, it may continue to ascend toward the subsequent Mean Resistance level of 5955.
Conversely, suppose the index experiences a decline from the retested level of 5840. In that case, it will likely target the Mean Support level of 5683, with a further descent to an Outer Index Dip of 5576.
Indices
Watch credit spread increase drive toward correction territoryThe Nasdaq is already flirting with correction territory, and other major market indices may follow as the credit spread increases. As the market indicates its perceived increased risk in corporate default, this spread (high-yield bond yield minus 10y bond yield) increases independent of what the Fed does.
If the recent mini-spike up to ~7.5% heads north of 10% in short order--6 to 9 weeks perhaps, I'll become proportionally bearish.
The calculation: Subtract the US10Y (left/middle blue line) from the High-yield bond yield (right purple line) to obtain the spread.
As of 7 Mar 2025, 11.95% - 4.305% = 7.65%
Lockheed Martin... We are moving! Pt.2Just like I drew it up, NYSE:LMT is approaching its Fair Value Gap faster and faster. With the defense spending kept in the public eye, investors seem bullish on Lockheed as reflected from its rise in share price. This rise in price also is reflected from Lockheed's competitors in the industry such as NYSE:NOC , NASDAQ:HON , NYSE:RTX , and other defense contractors such as NYSE:BA , NYSE:HII , and of course $NYSE:GD.
Before we attack the charts, let's review the general sentiment in the arms and defense (or offense) industry. Firstly, we are faced with constant uncertainty in the middle east and eastern Europe. With the conflict between Israel and Palestine, there is no doubt that any flare ups and scares will include U.S. involvement prompting higher revenues for defense industry leaders. As for the eastern European conflict between Russia and Ukraine, what appears to be a ceasefire closing in, there is no doubt that tensions and conflicts will continue through the region which we can expect the defense sector to be involved in. In a simpler sense, as conflict rises, investor interest in the defense sector can be expected to surge.
In the case of peace, we can expect the general indices to rise, but should expect some shedding from the defense industry as their services will be in lower demand . The good news in that scenario is a diversion of a larger scale war (which I'm sure your willing to take a 6% dive on your positions). So, if you are to believe that a peace and/or ceasefire will come of the negotiations, remaining long on this position is just not for you.
As for the current trade itself, I'll first review my main long entry and plans. My first post for this trade was on Feb. 11, 2025. Since then, it has returned an impressive 5.52% (even considering its very low 1y Beta). Even more impressive is the performance of the SP:SPX , TVC:NDQ , TVC:DJI , which have been -4.90%, -6.82%, -3.99% respectively. So in this instance, outperforming the main indices was a literal walk in the park as yours truly spelled the lottery ticket out for you.
And now for the charts....
Here is the NYSE:LMT 1D chart looking back into 2019. We can note the strong trendline, a price action rising towards the 200 EMA, and of course out beloved Fair Value Gap which has yet to see any price action although we are approaching it. As for the good news, the price action approaching two major technical factors which are in the same place at the same time (these being the 200 EMA and our beloved FVG). Ideally, we will hit these two technical targets prior to the next quarterly financial report on April 22.
Hopefully this update helped clear up any uncertainty. This position has been quite participating for anyone who took my trade and I'm glad to see us well into the green especially in times of market turmoil (no matter how minor it is). If you recall, I mentioned that I would be early to this trade (which I was) but I would have no problem with selling into the gain even if it shows no sign of slowing down. The poor man never takes profits.
NASDAQ Potential Bullish Retracement (After Major Correction)NASDAQ price seems to exhibit signs of a major correction as the price action has broken out of it's range.
During the pandemic (Covid-19), NASDAQ experienced two major corrections (worth drops of approx. 18.35% and approx. 24%). Counting these two massive corrections as anomalies, the NASDAQ on average retraces maximum around approx. 17% - 18.5% from a historical perspective.
Once the selling subsides we may potentially see the formation of a credible Higher Low on the Longer Timeframes with multiple confluences from key Fibonacci and Support levels.
The current Trade Plan caters to a drop of approx. 22.5% (to be on the safer side and potentially accounts for a major correction excluding massive systematic failure).
Trade Plan :
Entry @ 19250
Stop Loss @ 17140
TP 1 @ 21360 (Before All Time High)
TP 2 @ 23470 (After All Time High)
Note: Move Stop Loss to Break Even if TP 1 hits.
Russell 2000 H4 | Pullback resistance at 61.8% Fibo retracementRussell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,133.07 which is a pullback resistance that aligns close to a 61.8% Fibonacci retracement.
Stop loss is at 2,202.00 which is a level that sits above the 50.0% Fibonacci retracement and a swing-high resistance.
Take profit is at 2,047.95 which is a swing-low support.
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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):
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Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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
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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.
DAX hits fresh record on stimulus plansThe German DAX index has just hit a fresh all-time high.
The latest gains come as a global bond sell-off extended its run, driven by Germany’s ambitious spending plans, which are poised to reshape the eurozone’s economic outlook and has already had a sizeable impact on regional stocks. Today, the focus was also on the rate decision from the European Central Bank. The ECB cut rates by 25bps as expected and President Lagarde said the next rate decision in April is defendant on data.
The market's attention shifts to US labour market data as we head to the business end of the week.
From a technical view point, the strong rally means dip-buyers continue to remain in control of price action. For that reason, there is no point in trying to pick the top. Concentrate on support levels until we see a clear reversal pattern.
Short-term support now comes in around 23,311, marking the high from Monday, followed by 23,229, marking the high from Wednesday. Below these levels, 22,937 is the next key support to watch for a potential bounce, before the trend line comes into focus a bit lower down.
By Fawad Razaqzada, market analyst with FOREX.com
S&P500: Potential Channel Up rebound on the 1D MA200.S&P500 is bearish on its 1D technical outlook (RSI = 34.564, MACD = -60.140, ADX = 38.870) as it unfolded the bearish wave of the long term Channel Up. The sequence has hit its 1D MA200 though, which is the major Support on this timeframe and being also the bottom of the Channel Up, we should be expecting a rebound. The first bearish wave of the Channel Up surpassed the 1.382 Fibonacci extension, so that is a valid technical target. The trade is long, TP = 6,300.
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DAX H1 | Potential bullish bounceThe DAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 23,236.99 which is a pullback support
Stop loss is at 23,075.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level.
Take profit is at 23,593.28 which is a resistance level that aligns with the 127.2% Fibonacci extension.
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. 63% 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 (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
NASDAQ: 4H Death Cross always signals a rally.Nasdaq in bearish on its 1D technical outlook (RSI = 38.073, MACD = -289.260, ADX = 41.209) as the mid February bearish wave hit the bottom of the September Channel Up. The formation of a Death Cross on the 4H timeframe has favored buying inside this pattern. In the meantime, the 4H RSI has been rising while the price was correcting, indicating the presence of a Bullish Divergence. Buy and aim for another +16% rise (TP = 23,200).
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Bearish drop?Dow Jones (US30) is rising towards the pivot which acts as an overlap resistance and could drop to the pullback support.
Pivot: 43,026.07
1st Support: 42,138.59
1st Resistance: 43,672.97
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.
DOW JONES: 1D MA200 and Channel Up bottom. Bullish.Dow Jones is bearish on its 1D technical outlook (RSI = 36.722, MACD = -181.150, ADX = 58.438) as it is running the bearish wave of the 16 month Channel Up. Being so close to the 1D MA200 has been a buy signal since November 2nd 2023. Additionally, the price just hit the 0.382 Fibonacci level from the last consolidation phase. If that's confirmed, then the index is about to complete the new consolidation phase. The target on the previous one has been at least the 3.0 Fibonacci extension. The trade is long, TP = 50,500.
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FTSE100 H4 | Approaching pullback supportFTSE100 (UK100) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 8,784.89 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 8,658.00 which is a level that lies underneath an overlap support and the 78.6% Fibonacci retracement level.
Take profit is at 8,985.37 which is a level that aligns with the 161.8% Fibonacci extension.
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. 63% 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 (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
STOXX50: Maintains Bullish Momentum - Is 5,688 the Next Target?ICMARKETS:STOXX50 remains within a well-defined ascending channel, with the price showing a rebound from the midline of the channel. This suggests a continuation of the uptrend, targeting the upper channel boundary.
A short-term pullback could offer a potential entry opportunity. If buyers step in and confirm strength through candlestick patterns like bullish engulfing or hammer formations, momentum could drive price higher toward the 5,688 level.
A breakdown below the channel's lower boundary, however, would invalidate the bullish outlook and signal a potential shift in market direction.
Remember, always confirm your setups and trade with solid risk management. Best of luck!
S&P 500 Daily Chart Analysis For Week of Feb 28, 2025Technical Analysis and Outlook:
In the recent weekly trading session, the S&P 500 did not succeed in retesting the Mean Resistance level of 6082. Instead, the index experienced a notable decline, reaching the Mean Support level of 5939 and narrowly approaching the Key Support level of 5827.
Following this downturn, a significant rebound occurred, resulting in the establishment of a new Mean Support level at 5860. The index is now positioned to target the Mean Resistance level of 5967. Should the index initiate an upward movement from its current level and successfully surpass the critical Mean Resistance of 5967, it may continue to rise toward the Mean Resistance level of 6032, potentially reaching the Key Resistance level of 6143.
Conversely, if the index declines from its present position, it may create a retest pullback to revisit the Mean Support level of 5860 before resuming further upward momentum.
Nasdaq-100 H4 | Rising into pullback resistanceNasdaq-100 (NAS100) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 20,775.39 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 21,000.00 which is a level that sits above a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 50.0% retracements.
Take profit is at 20,354.08 which is a swing-low support.
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. 63% 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 (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
DAX H4 | Falling to swing-low supportDAX (GER30) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 22,176.48 which is a swing-low support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 21,897.00 which is a level that lies underneath a pullback support and the 127.2% Fibonacci extension.
Take profit is at 22,811.89 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. 63% 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 (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
NASDAQ: Broke into the 2 year Support Zone.Nasdaq has turned bearish on its 1D technical outlook (RSI = 41/199, MACD = -42.030, ADX = 30.270) as the correction that started last Thursday hit the 1D MA100. The region between the 1D MA100 and 1D MA200 is the index's 2year Support Zone and has been a buy opportunity since February 2023. With the 1D RSI also on 6month lows, the current level is low enough to be a HL on the long term Channel Up, after which rallies to the 3.5 Fibonacci extension have started. Go long, TP = 24,000.
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S&P500 Is Nearing The Daily TrendHey Traders. in today's trading session we are monitoring US500 for a buying opportunity around 5850 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5850 support and resistance area.
Trade safe, Joe.
STOXX50 Maintains Bullish Momentum — Targeting $5,605ICMARKETS:STOXX50 remains within a well-defined ascending channel, with the price showing a rebound from the midline of the channel. This suggests a continuation of the broader uptrend, with the next potential target near 5,605, aligning with the upper boundary of the channel.
A minor pullback could present a potential entry opportunity if buyers maintain control. Confirmation through bullish candlestick patterns—such as bullish engulfing or hammer formations—may strengthen the bullish case and drive momentum toward the 5,605 level.
A breakdown below the channel’s lower boundary would invalidate the bullish outlook and could indicate a potential shift in market direction. Monitoring how price reacts around the midline will be crucial for assessing continued bullish momentum.
Remember, always confirm your setups and trade with solid risk management. Best of luck!
Nasdaq-100 H4 | Overhead pressures persistNasdaq-100 (NAS100) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 21,391.40 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 21,650.00 which is a level that sits above the 50.0% Fibonacci retracement and a pullback resistance.
Take profit is at 20,777.93 which is a swing-low support.
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. 63% 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 (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
Falling towards pullback support?S&P500 (US500) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 5,938.92
1st Support: 5,865.87
1st Resistance: 6,051.54
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.
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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.
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