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Nasdaq Futures Today: Short and Long Setups with Key LevelsExplore today's comprehensive analysis of Nasdaq futures for Wednesday, December 18, 2024. Here’s what you’ll discover:
📈 Market Overview: The Nasdaq remains bullish in higher timeframes, but corrections offer exciting opportunities.
📉 Short Setups: Key zones like 22,244 and 22,184 with targets offering 100+ points potential.
📊 Long Scenarios: Opportunities to ride the rally toward historic highs, including setups above 22,334.
This video is ideal for traders seeking actionable strategies and precise levels for both shorts and longs. Don't miss out on identifying high-probability entries!
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SPY/QQQ Plan Your Trade For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern).
I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term.
I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event.
With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas.
Remember, the markets typically begin to move more aggressively after January 7-10.
Get some.
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US30 indicating a bullish move. Look for the Bulls TodayUS30 has finally broken the downward trend above the 43500 support line. The US30 gave us an evening star pattern off of the trend line and support area at 43500. This was an indication to go Long.
If you are in a short, you will likely have to wait for a pull back to get out of your trade or you can close in a small loss.
If you are in a long. Hold it. This may be US30 returning back to 44500 at least.
Good Luck to you traders.
Comment below for questions and don't forget to boost this if you like the analysis.
Morning Overview: FED Decision W/ Sticky InflationThe FED is set to make a decision on interest rate cuts todays. The market has them priced in already and I doubt the FED wants to surprise markets. Going forward into 2025 I don't think they cut in Q1 for this reason.
This video covers:
* patterns in tech stocks that resemble some climatic activity.
* patterns in consumer stocks
* Trades I currently in
* One Good Trade series trades
* Possible setups for today
Spy Looks Bullish With a 15min bullish FVG forming S&P 500 (SPY) Price Action Analysis
Current Price and Technical Overview
Current Price: $605.28 (as of last close on 17-Dec-2024)
Market Status: Closed
Day Change: +$0.99 (+0.16%)
Technical Analysis Summary
Overall Signal: Bullish
Oscillators: Predominantly 'Hold', with the Momentum Indicator suggesting a 'Buy'.
Moving Averages: Strong bullish signals from short-term and medium-term averages.
Pattern: Breakout above resistance indicates a bullish trend.
Resistance Level: Potential price target near $608.65.
Pivot Point Analysis: Price is above the pivot level of $606.59, supporting bullish sentiment.
News Sentiment
Sentiment: Entirely positive, likely to drive buying activity and support upward price movement.
Interpretation
The technical indicators for SPY suggest a bullish stance. The strong signals from moving averages and the breakout above resistance levels indicate potential for further gains. The positive news sentiment reinforces this outlook, suggesting a likelihood of price appreciation in the near term.
Trading Strategy Consideration
Given the bullish outlook, traders might consider entering long positions or call options on a retest of the pivot level at $606.59, aiming for the next leg up towards the resistance level of $608.65. However, it's crucial to monitor for any signs of reversal or changes in sentiment that could impact this strategy.
Pepe Coin (PEPE): Possible Re-Test Before Going For Buy ZonePepe coin has a possibility to re-test the upper MSB zone, which would give us a 7% upward movement, but we are still interested in testing the lower support zone on a bigger timeframe (1D) before having another possible ATH!
More in-depth info is in the video—enjoy!
Swallow Team
Oil gold silver 12 18 24 we went over some details regarding situations where there is a reason to go long but the market quickly shows us that the market made some changes that changed that market. there are times when this happens especially in the Futures markets where you really want to take the short trade after you your initial opinion was that the market was going higher.
How Will This Interest Rate Cut Affect Markets? Hey there,
The dollar remained steady during the Asian session this morning. The Fed is widely expected to cut interest rates by 25 bpt. Traders however, are preparing for a potential hawkish outlook from the central bank considering recent data which showed U.S inflation remained sticky and the labor market strong. The central bank is expected to signal slower pace of easing in 2025 with several analyst predicting a hold in Jan. With retail sales coming out stronger than expected, the Fed now has enough headroom to cut rates at a slower pace.
Because gold does not generate income like interest-bearing assets such as bonds or savings accounts, the opportunity cost of holding gold increases when interest rates are higher, making it less attractive to investors. And with the dollar remaining strong near three-week highs on the dollar index. Higher interest rates typically strengthen the dollar, further pressuring gold because it is priced in dollars and becomes more expensive for foreign buyers.
Additionally, higher interest rates often signal a stronger economy, which can reduce demand for gold as a safe-haven asset.
CAD/CHF (Trade Recap) and EUR/AUD ShortEUR/AUD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.