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S&P is seeing reversal from MAJOR supportWe saw the S&P reverse yesterday by almost 3% in one day! Not only was this a key day reversal/a bullish engulfing candle but the fact that we are seeing this market charting that kind of reversal from such a key zone on the chart is we think critical. We have the 200-week ma, the 55-week ma and long-term Fibonacci retracement all coming in around the 35000 level and the low this week has been 3491. If you have been selling this market, you might want to take those profits because I think this thing is going to bounce! Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
SP:SPX
by The_STA
3
Fundamental BTCUSDT Pair Analysis of 2022 Last Quarter phaseOur market analysis shows that we have reached end of the BTC-DEAD cycle period for BTCUSDT pair . Green line indicates strong oversold consonant with blue line which indicates demand for SHORT positions in the market is reducing proportionaly. The symmetry alights over weekly period for Price Action of the Asset hence indicating strong market reversal is imminent We expect sharp rise to 20,500 mark within couple of days, then slight retraction to 19,300 level and next pull towards 25,000 whereby new support levels will be established for long term bull market. We also expect altcoins to follow similar pattern as mentioned and gold commodities to take inverse pattern as usual.
Long
by wikitrades
US TECH: Would you like butter on that toast?When US Tech stocks were heading in a northbound trend, nobody had a problem in 'predicting' anything. Now we see the emergence of a death cross, and folk are struggling to believe what's happening. At each major bearish rebellion in the bear trend, there are shouts of hope. Even slight increases in unemployment are now a cause for hope. Because hopesters 'know' that poor employment is a sign that inflation is being beaten. And if inflation is being beaten then the FED will back off with QT and interest rate hikes. Well of course it doesn't quite work like that - there is a more complicated relationship between employment and inflation. So volatility in all markets drawing strength from US TECH has been up lately. Two key things to watch: 1 - Amber daily ATR. 2 - 200 EMA in relation to daily ATR. The markets have a lot of work to do before there is a clear reversal for the north. Most of them would have to break above a daily ATR and remain above for considerable time. No sign of that as yet.
U
by Captain_Walker
2
Key resistance levels for GBP/USDHaving made a new all-time low, GBP/USD has been correcting higher for a little over a week and we take a look at the daily chart to determine the key area of resistance on the chart. We have a convergence of resistance in the 1.1650-1.1850 band, which represents the low that we got in July, the 55-day ma, the 38.2% retracement of the entire move down that we have seen this year AND cloud resistance. It is a pretty dense band of resistance and we suspect that the correction higher will struggle here and we are alert to the idea of initial failure. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
SPY - Update (From Nov. 2021)Posting an update on the SPY here as the markets closed out the week in somewhat of a make or break spot. The SPY continued to follow the bearish megaphone that it's been holding for months, while simultaneously holding the downtrend stemming from a massive head and shoulders on the SPY's weekly timeframe (See Attached Charts Below). A bearish bat harmonic pattern also formed on the SPY on Friday, as it broke below a strong support level circa $368.27 and closed near its 52-Week low at $362.17. This comes as seller volume continues to outweigh buyer volume as the markets head into a big week economically speaking. In the upcoming week, economic data and events include New Home Sales, Consumer Confidence, International Trade Numbers, Jobless Claims, and to cap off the week, GDP Numbers as well. Treading lightly here, some RSI-based supply and demand zones to keep an eye on in the interim, bearish and hedged- --Previous Charts Attached Below-- Weekly TimeFrame Testing Key Levels From 2020 --Previously Charted--
AMEX:SPYShort
by jacobosiason7
1
1 Year Of BTC El Salvador CelebratesEl Salvador has used Bitcoin for a year. El Salvador started using Bitcoin as a legal tender a year ago after President Nayib Bukele made a contentious choice. The public welcomed the new chance with enthusiasm, but since then, Bitcoin's value has fallen, and some experts believe the initiative was a disaster. Bitcoin is up 2.72% today, Ethereum is up 8%, and Solana is up nearly 5% as the cryptocurrency markets rebound. This Thursday morning, cryptocurrency markets are up. Pololu, Polygon, and Ethereum have made gains. Shiba Inu and Dogecoin, two meme coins, have also increased in value over the past 24 hours. Volatility has been seen in stablecoins. "More CBDC news," the Ripple advisor teases. According to Ripple, it may soon reveal additional information regarding its central bank digital currency projects. Advisor to the CBDC Antony Welfare The last session saw a 3.1% increase in BTC/USD. The latest session saw a massive 3.1% increase in the Bitcoin-Dollar pair. The MACD is sending a negative signal. Resistance is at 20712.8113, while support is at 17730.3773.
SAXO:BTCUSDLong
by IPatrice
DXY exhaustedHere as expected - DXY is exhausted with pushing so much up, that it didn't even reach the wedge's top line and stopped at the horizontal resistance. It started moving down and expecting it to move as I previously predicted - go for the bottom of the wedge - and a final bounce up and go down for the much needed retracement. Additionally EURUSD is also looking exhausted from pushing down and needs some relief - which would be weakening the Dollar aswell. All of that is bullish for stocks and crypto.
TVC:DXYShort
by TheSecretsOfTrading
ECONOMIC UNITED STATES GDP compared with Other NationsThis chart illustrates the GNP of the USA compared with others over a period of several decades. The USA is on a much slower trajectory of growth than all the other countries on the chart except Russia and Ukraine. This includes the Eurozone, China, India, Mexico, and others. This trend has been in place for decades. It makes for a poor prognosis for the future of the US economically, no matter how much our politicians and other influencers try to hide this.
ECONOMICS:USGNPEducation
by AwesomeAvani
1
EUR/USD at its 2022 downtrend - one to watch!Key points: EUR/USD about to test its 55-day ma and downtrend at 1.0371/85 We have a mild buy signal on the daily DMI, which we have not seen since June The market is turning at the base of its longer tern down channel and long term Fibo Should A CLOSE above the downtrend occur we should see a stronger corrective move to 1.05 then 1.0636 The Society of Technical Analysts' next course starts in October. Those wishing to learn more about technical analysis can take a look at the Route to Diploma - Society of Technical Analysts, www.technicalanalysts.com Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
Potential base on bitcoin??The Society of Technical Analysts' next course starts in October. Those wishing to learn more about technical analysis can take a look at the Route to Diploma - Society of Technical Analysts, www.technicalanalysts.com Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CME:BTC1!Long
by The_STA