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DXY - Bearish => Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our previous analysis, DXY rejected the upper bound of the red channel and traded lower. What's next? 📉 DXY is undergoing a correction phase , trading within the rising channel in red, and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline. 📚 As per my trading style: As #DXY approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXY
by TheSignalyst
1
Nifty Short, Medium & Long Term View- 13-May-24 to 17-May-24Nifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 Nifty closed at 22055(22440) and touched low & high of 21935 & 22585 Nifty was up from the support level and was trading inside the range (22000-22800) provided last month. However broke the support and touched down 21935. RSI and stochastics levels was up from last week(41.45 % & 13% Respectively). Both are near to oversold zone. All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 47421(48896) - Nifty bank was up marginally inline with nifty last week. Many bank & Finance stocks are buyable zone. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Apart from that Motilal Fin, Chola Finance, ICICI Securities, Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Nifty 224055- Short & medium term (Neutral) Nifty have resistance at 22350 ( MA 50). As mentioned in the past month, nifty almost reached the near term target 22819 two weeks before (Fibonacci extended resistance target) and started falling ( 22819 Target- which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000 which cant be crossed decisively. Short term support 22230 (MA 50)/22000/21800 Medium term Support - 21721 (Mar Low),21500 (Fib & Trend Line Support),21180, 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quanties till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 32935. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term) Nifty 22419- Short & medium term (Neutral) As insisted in the last month, Market need to decisively close above 22800 to move up further. As expected last week for come back rally market went up.As mentioned in the past month, nifty almost reached the near term target 22819 two weeks before (Fibonacci extended resistance target) and started falling ( 22819 Target- which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000 and again trying to cross it. Short term support 22230 (MA 50)/22000/21800 Medium term Support - 21721 (Mar Low),21554 (Fib Support),21300, 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quanties till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 34918 /34000 two weeks before and went upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend. Nifty closed at 22055(22440) and touched low & high of 21935 & 22585 Nifty was up from the support level and was trading inside the range (22000-22800) provided last month. However broke the support and touched down 21935.
NSE:NIFTY
by karthikss
CAN THE MARKET SURVIVE AN 80% CRASH, WHAT ABOUT ONLY 40%?So, for anyone who likes to watch certain movements. A big one is about to occur. A rejection from this break is the covid drop. about 30% and some. However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe. That takes us down below 200. It would have to be quick. Next cycle then starts and pulls us up to $600. I tried to mark it in orange. This chart isn't an idea as in (I REALLY THINK WE'RE DROPPING 80% in less than 1 year). This is more to show that trend break from the past and the trend break showing. 518 to 530. CAREFUL ZONE!!! Market is showing a lot of crazy movements and numbers. I think something has to be "up" such as China and Taiwan considering what we're seeing with semiconductors.
AMEX:SPYShort
by nicktussing77
6
GOLD CUP & HANDLEHey there, a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating. In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are panicking all around. To be honest, it a bloodbath right now...and even Gold can fall pretty hard (as you can see in 2008 financial crisis, where it dumped about 40% as well) Be careful with your funds, I personnaly "average in" a little every month, sometimes I fill my bags when we drop for 10-20$ which happens these days... This is a short update on Gold, happy trading and have a nice day, your quality-trader
XETR:DAXLong
by GER-Quality-Trades
EURUSD - Long Term and Short Term Top Down AnalysisHey guys! Here is a top down analysis on the EURUSD pair. I see a great deal of bullishness currently, but i am convinced this bullishness is to take prices into the 4 hour zone sitting a few pips above the 1 hour liquidity target. If that happens, I will expect to see prices begin to u turn bearish and head in the direction of the 4 hour and daily liquidity for a start, and eventually go all the way down to the monthly and weekly liquidity point. On the whole, the market is sort bullish, up through the current 1 hour liquidity target and through to the 4 hour zone, from where we will expect to see the bears take over the market. This is the most likely perspective on direction with regards to market and price movement on this pair.
by PanzyPips
S&P 500 At Major Decision PointThe stock market is at a major decision point, with 1969 low unemployment up-trending for the better part of the last year. Low unemployment *potentially* signals the maximum productivity of an economy. This is an important area to watch and wait. If we break above and trend-line check into support it could mean a bull market similar to 1990's is starting. However if it holds as resistance we're unfortunately looking at a move back down to support much much lower than where we are right now. I'd like to think because of visiting support twice in the dot-com crash and mortgage crisis that we are much more likely to break upward. But caution should be on our minds. It's a very good idea to sit on the sidelines and wait for a clear direction to emerge. Good luck!
SP:SPX
by bwy
ETH - Massive Bullish Impulse Soon ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been overall bullish, trading above the red trendline which is acting as a non-horizontal support. Currently, ETH is in a correction phase trading within the falling orange channel. Moreover, it is retesting a strong demand in green at $2900 - $3000. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower orange/red trendlines. 📚 As per my trading style: As #ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
6
May Market Outlook, Sectors Rotation, Relative Strength AnalysisSince February, the commodities asset class has surged ahead, overshadowing the S&P 500's faltering performance. This notable shift in market dynamics underscores the resilience and strength exhibited by commodities during this period. Of particular interest are the XLE and XLU sectors, which have emerged as frontrunners since early March. This transition coincided with the decline in momentum of previously dominant sectors like XLK and SMH (refer to Fig. 2). Notably, XLE and XLU, characterized as growth defensive sectors, have thrived amidst market downturns. Investing in commodities and energy/utility sectors during these phases could have yielded significant profits, with select energy stocks boasting returns exceeding 25%, while the S&P 500 experienced an approximate 10% decline. Looking ahead to May, it's anticipated that XLE and XLU will maintain their market leadership, albeit with a slight loss in momentum. However, investors are advised to remain vigilant as these sectors may soon witness a change in dynamics. It's crucial to employ stop limit orders to safeguard profits in such volatile conditions. Following the current trajectory, XLY, XLRE, and XLF are poised to emerge as significant players in the market cycle (refer to Fig. 3&4). However, it's important to note that these sectors are susceptible to rapid momentum shifts, particularly when XLK and XLC regain momentum. Looking towards June, indications suggest that XLK and XLC will likely regain prominence in the market. For buy-and-hold investors, this presents an opportune moment to consider purchasing assets during market dips. Considering these market dynamics, my top investment picks are (TSLA), (GOOG), (AAPL), (ORCL), and Cisco Systems, Inc. (CSCO). These companies demonstrate strong growth potential, especially when timed strategically to align with sector rotation leadership shifts.
AMEX:XLELong
by MESHANL
Nifty Short, Medium & Long Term View- 29-Apr-24 to 03-May-24Nifty Short, Medium & Long Term View- 29-Apr-24 to 03-May-24 Nifty closed at 22419 (22147) and touched low & high of 22199 & 22623 Nifty was up from the support level and was trading inside the range (22000-22800) provided last week. RSI and stochastics levels was up from last week(53.75 %(41%) & 64% (<20%) Respectively). Moved up from oversold zone. All Companies other than IT and Bank are expected to post result in the coming weeks. Hence market may try to take a cue from the bottom line performance (Profits). Banks & Finance companies posted Good results, IT posted muted growth, Maruti posted good results, Reliance and Ultratech posted muted growth. Other Major companies results are awaited in coming weeks. Nifty bank 48201 (47556) - Nifty bank was up marginally inline with nifty last week. Many bank stocks are buyable zone. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bankof Maharasthra ( Can be added) ,Canara bank can be accumulated slowly & more after the Q4 result. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Ceat & JK tyres can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Medium term support is at 44598 if breaks major support at 43650 ( Fib Support). To continue buy on dips initial target 50000. Refer to detailed comments in the bottom on Market, Expected election outcome & Nifty IT. Nifty 22419- Short & medium term (Neutral) As insisted in the last month, Market need to decisively close above 22800 to move up further. As expected last week for come back rally market went up.As mentioned in the past month, nifty almost reached the near term target 22819 two weeks before (Fibonacci extended resistance target) and started falling ( 22819 Target- which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000 and again trying to cross it. Short term support 22230 (MA 50)/22000/21800 Medium term Support - 21721 (Mar Low),21554 (Fib Support),21300, 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quanties till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 34918 /34000 two weeks before and went upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.
NSE:NIFTY
by karthikss
Market Direction using SPY historical trend patternsFrom a technical perspective, there hasn't been a definitive signal indicating a trend reversal for the SPY 500. Back in May to October 2023, the SPY exhibited a clear "M" pattern or double top, experiencing a drop of approximately 5%, retracing back, and then dropping around 10%, forming the M pattern. If we compare this M pattern with the current price action, we observe a striking resemblance in the market behavior, as the price retraces from a similar percentage drop of around 5%. The question arises: Is the market genuinely recovering, or are we merely witnessing the formation of another M-shaped pattern!
AMEX:SPY
by MESHANL
3
Monthly BTC chart I analyzed a lot of fractals and came to the conclusion that you see on the chart now, that the next month - May as well as April will be red for bitcoin, and only after that growth is possible. Be objective bitcoin has been growing for 7 months, now the first month will be red, and most likely the next month will also be red. It may be hard for altcoins, but keep your bags tight if you have good entry points. Keep researching the market, there are many promising projects and directions AI, RWA, DePin, GameFi, DEX Derivatives, Social, and others When the market is red, it's time to learn All the trades I show in my portfolio are updated using the API We are 16 months away from the end of the bull market If the post gets 100 likes I will post a more detailed chart of the current correction Best regards EXCAVO √√√√∑çç√√ç√ç≈√√√ç√∫˜˜∆˙˙˙©©∆˙©∂ƒ∆©∆˙ƒ©˙ƒ˙ƒ©ƒ∆¥†ƒ˙´†¥¨ˆˆ∆∆∆˚˜µ∫∫∫˙ƒ©åßß∂ƒ©˙∆˚∆˚¬¬…≥≤≤µµ˜˜∫∫√√ççç≈≈
Long
by EXCAVO
20
✏️ Weekly Report: Weak Bounce & Weak $META MARKET OVERVIEW A weak bounce in the market this week, which lifted stocks modestly off their lows though most stocks are struggling to recover a significant portion of their recent losses. Tonight, Meta Platforms ( NASDAQ:META ) is adding more downside pressure on growth stocks after it announced weak guidance numbers and the stock collapsed $75 lower in afterhours trading. Let’s start the charts with Nasdaq-100 above (QQQ) –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:META NASDAQ:SMTC Constructive pattern. Closed just above the $33 buy point, however I would like to see more volume pick up from here. NASDAQ:MSFT The stock needs strong earnings today to get past $431 would be a place to open a position. However, slicing through the support level at $395 is a sell short point for aggressive traders GOOGL Massive weekly Cup with Handle base. Earnings are coming today. Technical buy place is $160.25 if earnings are good and we have good volume. NASDAQ:KLAC This company reports earnings tomorrow. A move above the $687 is a buy point. However, weak earnings below $680 is a logical short. NASDAQ:NVDA Bounced to the 50D SMA (red) and turned down. Aggressive play for the intraday traders is a move over the $880 on a strong volume. NYSE:GS GS is just a little bit extended over the proper buy point. If the market starts rallying this could be a good short trade. I would be extra tight with stops here (around $414 level) if I was to play this. BINANCE:BTCUSD Bitcoin is performing a tight pivot. Over the blue line is a technical buy point (if we have good volume too)
NASDAQ:QQQ
by SimplerSignals
🗓️Weekly Report: Probabilities are stacking to the lowGENERAL MARKET REVIEW The stock market kicked off the day on a high note, with stocks initially experiencing gaps upwards and a brief period of appreciation. Nonetheless, these early gains were short-lived, as the market faced significant downturns for the remainder of the session. In today's trading, both the S&P-500 and Nasdaq indices have fallen through their 50-day moving average markers amid substantial trading volumes, signaling a bearish outlook. This further reinforces the notion that holding cash remains the superior strategy. We'll begin our chart analysis with a look at the Nasdaq-100 ( NASDAQ:QQQ ) and S&P-500 ( SP:SPX ) SPX-500 –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– META Sliced today and looks like it is heading to the 50D SMA. Could see a bounce but it is very much market dependent –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– NVDA Carving out a nice base with earnings coming on 22APR (Wednesday). The next buy point is above the $974 level on high volume, however I will look to play a pivot breakout before hand near the danger point, so that I would look to hold into earnings (IF I GET CUSHION) –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– SMTC Down just fractionally today. It is setting a Bull Flag Pattern. If it breaks the lower side of the channel I d cut it loose.
NASDAQ:QQQ
by TintinTrading
Nifty Short, Medium & Long Term View- 15-Apr-24 to 19-Apr-24Nifty Short, Medium & Long Term View- 15-Apr-24 to 19-Apr-24 Nifty closed at 22519 (22513) and touched low & high of 22435 & 22782 Nifty touched new high last week and reduced 1 % due to global cues on last day. Global tension caused mild drop in last working day of market. Depends the situation market will react next week. Expecting a mild fall till 22000 and may raise afterwards. RSI and stochastics levels was marginally down last week(57% & 71% Respectively). Refer to detailed comments in the bottom on market and election outcome. Nifty IT 35018(35250) - Nifty IT marginally decreased last three weeks. To continue hold and buy on dips. Nifty IT touched 20 days before new high (38550) and started falling. Major support at 34918 /34000. Can add more at 33288 with Target 40000. Nifty bank 48565 (48535) - As expected Nifty Bank increased in the last month gaining near to 6.5%. Nifty touched the near time target provided at 48618 & touched new high of 49063. Medium term support is at 44598 if breaks major support at 43650 ( Fib Support). To continue buy on dips. Nifty 22519- Short & medium term (Neutral) Nifty moved up in the last week touched new high 22782. As mentioned in the past month, nifty almost reached the near term target 22819 (Fibonacci extended resistance ( target) iwhich is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000. Short term support 22000/21900 Medium term Support - 21721 (Mar Low),21554 (Fib Support),21300, 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue. Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank in nearing the target provided (48600). Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
HOOD EARNINGS CHART, THE LITTLE FEATHER THAT COULDHood potential earnings chart. I labeled the important stuff within the chart. There is a big trend line that I don't think will hit because it takes price down to $3, which I guess is theoretically possible. I think 8.45 is a more real price and if that price hits, it seems the price can get up to $13. It can also go the other way, upside first to $13. I drew a small guideline for a potential path, but there are many, focus on the price targets and trends. And again, 8.45 is a really strong price support target. Good luck.
NASDAQ:HOODLong
by nicktussing77