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$SPY Strong support, but strong resistance too... Hello Traders, I hope you had a great day. Today we saw an interesting sentiment shift as soon as AAPL started falling off; with news of an iPhone supply shortage guidance adjustment, the supply chain and and inflation worries took over. The interesting thing about inflation is that it's partially psychological. When we see rising prices or missing things on the shelf, we think the worst, and it's almost self fulfilling with our collective reaction; causing risk-off, bond buying, and a ripple across the markets. Do I think supply bottlenecks from the pandemic matter? Of course. Do I also think just about everyone who wants an iPhone will wait to get their iPhone... Also yes. Just like some demand was pulled forward from the pandemic, other demand will be pushed backward. So, where are we going next? Well, that's a tricky question, the pulse of the markets have been a little tough to pinpoint. I've boxed on the attached chart, where I think we churn in the short term. It appears that we are literally sitting right around the Strongest Support and the Strongest Resistance on this chart (notice the POC for several periods). Therefore, we will likely need to either churn it out till it weakens S/R and we breakout... Or we see a strong catalyst in one or the other direction... I do see some signs of the bull's returning, but we shall see. Please leave some feedback and hit the like/follow. Cheers, Mike
AMEX:SPY
by UPRIGHTTrading
TOTAL updateUpdate on TOTAL after following our channel over the last couple of weeks and coming to our fib resistance point. I feel we will reject or just barely come above that fib before a retrace back to allow our 200 moving average to remain sideways and up. As always these are only ideas and not guarantees. Please only use this as opinion and do not base your trades or finances upon this analysis. Simply looking at trends and where we may be at in terms of corrections. Good luck
CRYPTOCAP:TOTAL
by HighcardJezus
sp to a new LH??sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume in the second half of September has been quite above average so doest have to be considered so hi. short term trade 1/2 days, let's see what sunday night(cet) tells us
FX:SPX500Long
by warrenbuffettdemicasa
GRT predictionGRT price prediction. In my personal opinion one of the strongest charts in cryptoland. After a full 80% retrace and steady support at the .65-75 range I expect a lot of upside to come in the month ahead for GRT /USD. As moving averages curl and the 365day simple begins to form on a daily time frame prices will begin to push upwards. It has been slow and steady as of late as it's only about a year old. Age and moving averages work well together Only a price prediction. Nothing to base your trades or finances upon, only ideas for the long term
by HighcardJezus
TNX Heading Higher?Not really sure what to make of this just yet, but the 10Y yield definitely appears to be heading higher. Ironically enough, this is happening amid a #fed that is committed (at least in the near term) to maintaining low interest rates. My guess is the Fed knows rates will rise on their own, thereby creating a competitive environment among lenders. We will continue to watch this one; for now it looks like we are heading to test 1.75 - 1.77. Neither long, nor short for now. Let's just observe.
TVC:TNX
by ChiefMacro
Current Long Micro AUD/USD FuturesIn this publication I show a drawn up trade that is currently open on my account. I use the principles of price action, where price is in extremes through expansion and contraction. NO squiggyly lines just pure price action is quite simple and beautiful. To me it is an art form being in touch with the charts ebbs and flows. Before every trade I practice a discipline called objective discovery where I read bar by bar to feel the buyers and sellers emotions in each bar. This is my first post, Im thinking of starting a continuous blog where i post live trade ideas and go through the principles of price action and swing trading.
CME_MINI:M6A1!Long
by AleMeo97
We start the day with a EURGBP long☝️👍Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
USDCAD Short by Chief MacroLikely a very unpopular call, but I think USDCAD ultimately fails here. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike). I have had the view for a couple of months that the dollar looks relatively weak ("accommodative") against the rest of the market. Despite a few bebe squeezes and the expected psychological volatility that comes with $DXY, I think the evidence suggests a lower dollar ahead.
Short
by ChiefMacro
USDCAD Short by Chief MacroLikely a very unpopular call, but I think USDCAD is a short. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike). I have had the view for a couple of months that the dollar looks relatively weak ("accommodative") against the rest of the market. Despite a few bebe squeezes and the expected psychological volatility that comes with $DXY, I think the evidence suggests a lower dollar ahead.
Short
by ChiefMacro
NDX by Chief MacroWith recent news of South Korea and Hungary hiking rates (even before this news), I am starting to more seriously consider the possibility that the *rest of the world* could lead asset tapering initiatives, ahead of the US. This would allow for Emerging Markets to stabilize, amid the $Dollar-driven commodity boom, thereby setting the stage for the next several years of global macro / monetary & fiscal policy. US Indices: Lot's of money still coming in via accommodative monetary policy and continued deficit spending, not to mention the potential (likely) for *more attractive* debt issuance, following the post-covid-stabilization of the "rest of the world". Just an idea and a theory - but even looking at the Nasdaq, we have seem to have stabilized above a 12-year range; which is typically a bullish indicator.... oh one more nugget: the biggest companies in the world are American companies. So in a way, the US has the ability to control dollars through corporate channels not available to other countries.
NASDAQ:NDXLong
by ChiefMacro