S&P futures ES1! .. or SPY parallel channels for this weekNot much to explain here...since so many these days can't last through even a half a paragraph....but, the two lines capture a decent amount of stuff and show the most recent action of today with the ping-pong whipsaw.
Does it hit the question mark or stay in the lower parallel...it all depends on how Amazon and Apple can 'Tim cook-their books' and show the world that raging credit defaults and stagnating US with tensions going to hell around the globe doesn't matter.
Would guess from Wed-Thursday that:
Microsoft dips early and then trends sideways before a slight tilt down....
Meta just rips cause I have no idea how they achieve anything except cooking so...
Qualcomm makes up a guidance that show modest 2nd half recovery after "The current tariff uncertainty is stabilized and the need for technology advancement outshines global tensions" or something to that affect.
Amazon and Apple are a repeat of what I said before....Amazon will say they had strong buying heading into the tariffs but they see a slight pull back in consumer willingness to spend. Their cloud-whatever will somehow deliver them through the earnings call with some like 2.37% beat or some crap- but they will probably use 3 words that some algo doesn't want to hear and their stock will initially pop and then retrace the pop and pullback the equivalent move but to the downside. And lastly, Apple....don't care for them and will just say this- "We see strong foreign demand for the iPhone abroad with a high interest from India now that manufacturing will be shifted to that market(minus the fact it is only for the US market...all foreign production will be in China still and the "made in India" will be a quasi fulfillment slight of hand). While we are wading through the uncertainty of China-US relations in regard to tariffs- we see a sustained interest in iPhone sales with an increase in Apple cloud/whatever they call it- services maybe- from foreigners". So.......Apple goes initially down on some like margin metric being a miss or like revenue being like .8% off...but then Cook squeaks a fat steamer on the intercom which allows for the short reversal to the upside, which will kinda die out by next Monday.
Or.....All the above get slammed and the puts go into the weekend happy. Check OptionCharts.io for the open interest for the 30th and may 1st...decent action on the put positions already hitting almost 3/4 million...also just be understanding that Wednesday may be window dressing day for monthly hedge fund/brokerage portfolio allocations...So if there are bad earnings they may dump stock to let their people know they aren't exposed as heavy...but if good earnings you may get a ripping short squeeze from them trying to load up their customers with the big 7...so be careful out there...
Play with the money you have...and not with the money you can't afford to lose....for margins make marginal gains and massive losses when things go wrong- just see the Japanese Pensions unloading treasuries...some benefit...many lose... :)
5 min view:
Addition of one more parallel on the 30 min:
and a 5 min view of the one above on this week's lines:
Community ideas
Gold operation strategy suggestionsFrom a technical perspective, gold, as an interest-free safe-haven asset, has performed strongly this year, with prices soaring by nearly $700 and repeatedly hitting record highs. However, the recent optimistic expectations of easing global economic and trade relations are gradually boosting market risk appetite, and the equity market is generally showing a positive trend. Some funds are withdrawing from safe-haven assets such as gold and flowing into risky assets, which has become the main psychological driving factor for gold prices to be under pressure. If market risk appetite continues to improve, global economic and trade relations are further eased, and the dollar strengthens, gold prices may face greater downward pressure, and the initial support level will test $3,260/ounce. If this support level is lost, gold prices may further drop to $3,225/ounce, or even challenge the integer mark of $3,200/ounce. In addition, if the US economic data performs strongly, the market's expectations for the Fed's interest rate cut may further cool, which will also put additional downward pressure on gold prices.
For gold, it is recommended to short at the 3336-3343 line when it rebounds, and to cover short positions at the 3360-3366 line when it rebounds. The stop loss is at 3373. The target is the 3310-3320 line. Continue to hold if it breaks through.
EURJPY Wave Analysis – 28 April 2025
- EURJPY reversed from resistance area
- Likely to fall to support level 161.25
EURJPY currency pair recently reversed down from the resistance area between the resistance level 164.00 (which has been reversing the price from January), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from July.
The downward reversal from this resistance area stopped the previous short-term correction ii.
Given the clear daily downtrend and the overbought daily Stochastic, EURJPY currency can be expected to fall toward the next support level 161.25.
Gold - Warning #1 IssuedGold goes up forever right?
Not necessarily...
Our Team at Bullfinder-official has identified potential risk in OANDA:XAUUSD , issuing Warning #1.
Gold has been moving aggressively to the upside for some time now, hitting +116% since November of 2022.
Gold currently sits at $3,313 - And although this may not be the exact top of this run, we would like to note that current regions may warrant greater caution, and present greater levels of risk.
We're inspired to bring you the latest developments across worldwide markets, helping you look in the right place, at the right time.
Thank you for reading! Stay tuned for further updates, and we look forward to being of service along your trading & investing journey...
Disclaimer: Please note all information contained within this post and all other Bullfinder-official Tradingview content is strictly for informational purposes only and is not intended to be investment advice. Please DYOR & Consult your licensed financial advisors before acting on any information contained within this post, or any other Bullfinder-official TV content.
EURGBP INTRADAY corrective pullback supported at 0.8444EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8444 – previous consolidation range and pivotal support
Upside Targets:
0.8550 – initial resistance
0.8620 and 0.8715 – extended bullish targets on higher timeframes
A bullish reversal from 0.8444 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 0.8444 would invalidate the bullish structure, opening the door for further retracement toward 0.8376, with additional support at 0.8350 and 0.8300.
Conclusion
EUR/GBP remains bullish above 0.8444. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
BankNifty levels - Apr 30, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
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EURUSD below its 4H MA50 signals more selling.The EURUSD pair broke last Wednesday below its 4H MA50 for the first time since the start of April and is now consolidating under it. Within its 3-month Channel Up, this has always been a signal of more downtrend to come as it was technically halfway through the Bearish Legs of the pattern.
Given that the 4H MA200 (orange trend-line) is the medium-term Support, our Target is at 1.12500, just above the Internal Higher Lows trend-line. Check also the 4H RSI sequences between these 3 Bearish Legs. It is exactly ranging between the levels it did half-way through those Legs.
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SHIBUSDT Is Flashing Major Bearish Warnings – Are You Ready??Yello Paradisers, Have you been keeping an eye on SHIBUSDT? If not, now is the time. The market is showing clear signs of weakness that could lead to a significant bearish move, and many traders may not be prepared for what’s coming.
💎SHIBUSDT is currently looking bearish after forming a clear bearish Change of Character (CHoCH) on the higher timeframe. Adding to this, the price action on the lower timeframe is showing an internal Change of Character (I-CHoCH) originating from a 4-hour bearish Order Block (OB). This setup substantially increases the probability of a continuation to the downside.
💎What we are focusing on now is the potential pullback. If SHIBUSDT pulls back to fill the Fair Value Gap (FVG) or develops a bearish pattern from the Order Block, it would provide a strong short opportunity with an excellent risk-reward profile.
💎However, it is crucial to remain cautious: if the price breaks out and closes a candle above the identified Order Block, it would completely invalidate the bearish idea, and we would need to step aside from any short positions.
Remember, Paradisers, sustainable trading success comes from patience and disciplined execution. There is no need to rush. Waiting for confirmation will always keep you on the winning side. Be smart, wait for the right setup, and always trade like a professional. This is the only way you will make it far in your crypto trading journey.
MyCryptoParadise
iFeel the success🌴
ADA/USDT 1H: Markup Phase – Long Setup Above $0.7080ADA/USDT 1H: Markup Phase – Long Setup Above $0.7080
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Current Market Conditions (Confidence Level: 8/10):
Price at $0.7086, showing neutral-bullish structure after breaking above previous high.
Hidden bullish divergence spotted on RSI, supporting bullish continuation bias.
Smart Money completed accumulation between $0.68 – $0.69, signaling strength.
Trade Setup (Long Bias):
Entry: $0.7080 – $0.7090 zone.
Targets:
T1: $0.7300
T2: $0.7500
Stop Loss: $0.6950 (below recent swing low).
Risk Score:
7/10 – Strong breakout supports the setup, minor pullback into equilibrium zone remains possible.
Key Observations:
Break of market structure aligns with start of markup phase.
Volume profile confirms solid support near equilibrium around $0.69.
Momentum increasing after breakout above PCH, suggesting bullish continuation.
Smart Money positioning favors further upside moves.
Recommendation:
Long positions favored within entry zone with tight risk below $0.6950.
Consider scaling out at $0.7300 and trailing stop for potential extension towards $0.7500.
Monitor price action closely for bullish continuation or signs of early exhaustion.
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Pudgy Penguins PENGU price analysis Looks like they are trying to "resurrect" the #Pengu price
Looking at the trading volumes, we can say that there is still a little time before the peak of this pump.
And accordingly, there is a chance that the OKX:PENGUUSDT price will be able to rise even higher to one of the following levels shown on the chart.
⁉️ Are you going to sell your #PENGU now, or will waiting for ATH update?
Breaking: Virtual Protocol ($VIRTUAL) Spike 29% Today Built on the Ethereum chain, Virtual protocol's native token ( SPARKS:VIRTUAL ) saw a noteworthy uptick of 29% today albeit the crypto market growth was modest today.
With the RSI at 75 and momentum growing, SPARKS:VIRTUAL seems poised to break the pass the $1.60 resistant zone and reclaim the $1 Billion market cap eventually.
On a bearish tone, failure to break pass the 1-month high pivot could resort to a consolidatory move to the 38.2% Fibonnaci retracement point a level technically seen as the support point.
What is Virtuals Protocol?
Virtuals Protocol (VIRTUAL) is an innovative cryptocurrency that aims to revolutionize virtual interactions through its AI and Metaverse protocol. Serving as the infrastructure layer for co-owned, human-curated, plug-and-play gaming AIs, Virtuals Protocol is at the forefront of integrating artificial intelligence with immersive virtual environments.
Virtuals Protocol Price Data
The Virtuals Protocol price today is $1.36 USD with a 24-hour trading volume of $410,193,840 USD. Virtuals Protocol is up 32% in the last 24 hours. The current CoinMarketCap ranking is #73, with a market cap of $886,828,030 USD. It has a circulating supply of 652,196,092 VIRTUAL coins and a max. supply of 1,000,000,000 VIRTUAL coins.
Economy - Moving ForwardWhat's expected of the economy?
For 2025, the stock market started strong, the three major U.S. indexes soared to its all-time highs, putting confidence in retail investors.
End of Q1, we've seen a shift in the market due to tariffs and the start of a trade war. Why are the tariffs bad for the U.S. economy?
The biggest problem with tariffs is that it could drive higher prices in consumer goods through "taxes" in imported goods. It also causes disruption in supply chain, slower economic growth, retaliation from foreign countries, etc. The economic data also shows signs of a possible recession.
Not everything is lost.
Asian countries such as Japan, Korea, and Indian are taking in the lead in trade talks with Donald Trump. China has given exemptions to certain U.S. goods in order to ease the trade war, leading to a potential trade talks with the economy giants, the U.S. The 90 day reciprocal tariffs are also an opening for talks.
Let's see how it goes.
XRP GETS THE ETF APPROVAL!✨ Hey hey, hope all is well, happy to be here with some good news as I'm sure many of you have heard as well, we knew this week could be intense but this is great to see, and without further delay, we'll give the quick rundown.
✨ Yesterday the 27th the U.S. Securities and Exchange Commission Approved three XRP ETFs from ProsShares which is an issuer of ETFs. The ETF's will be three XRP-tracked ETFs as listed: an Ultra XRP ETF, an Ultra Short XRP ETF and a normal short XRP ETF. So basically two ETF's with x2 leverage for the long and shorts and one normal ETF for basic shorts.
✨ Also to note is that the SEC has yet to approve ProShares separate application for a Spot XRP ETF so their still waiting on that approval alongside other asset managers with other XRP spot fund applications such as 21Shares and Grayscale so it seems the SEC is still waiting to approve any direct spot futures on XRP so when that does happen it'll no doubt boost price action and bolster sentiment. I've also added a reference link below to an article on the ETF's for anyone who'd like to read more into the matter.
www.theblock.co
✨Below we'll also take quick look at our technical analysis for the day highlighting a new channel that's formed since we last broke out of our descending channel.
✨As the chart demonstrates, we can see that traders managed to avoid falling below the horizontal channel we spoke on last time and that combined with the ascending channel that's formed and this ETF news has really helped XRP rally back up already over 6% for the week so happy to see the development and the S&P 500 itself has been rallying the last week so that's helped too.
✨ I'll leave the idea here for now, we mainly just have to watch that ascending channel for price action and hope traders can keep price within the channel and continue pushing, especially with the ETF news to help, so keep watch for that on the technical, watch news for the beyond technical and keep posted with me for more updates of course!
✨ As always, thank you so much for all the support, really appreciate you guys and let's keep at it, things will work out.
Best regards,
~ Rock '
Nasdaq preparing for another down move?Interesting chart of the Nasdaq (IXIC). You can see at the high we had the negative sell divergence with price triple topping, while the OP kept going to new highs (as shown by red arrows), with an overbought Technometer as shown by red dot. This showed selling behind the scenes.
We then get to an oversold reading on the way down as shown by the green dot. But we continued lower which showed weakness, as we couldn't really even being oversold. The next rally was stopped in the same vicinity as the previous oversold reading (green dot), as shown by the second overbought (second red dot). This is showing that what should have been support, now turning into resistance. All this leads to another bout of selling....
We now have had another rally that takes us to our third overbought reading as shown by third red dot. We have had an a-b-c- rally off the lows, so if we turn down here once again it should lead to more selling.
Heading into 61.8% Fibonacci resistance?WTI Oil (XTI/USD) is risng towards the pivot which has been identified as a pullback resistance and could reverse to the 1st suport which acts as a pullback support.
Pivot: 65.64
1st Support: 57.71
1st Resistance: 71.18
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3360 neckline is being tested!
📊Comment Analysis
Short-term short positions need to rebound further and confirm the signal before following. After the US market breaks through the 3360 defense point, it is temporarily not possible to continue to be bearish. The US market will first look at the rebound, and then make further arrangements after approaching the 3360 line.
💰Strategy Package
Long positions:
The US market temporarily enters the market to go long when gold falls back to around 3297-3310 US dollars. Target 3340, stop loss 3345.
S&P 500 Rips Into Resistance- Bulls on NoticeThe S&P 500 has rallied more than 15.6% off the lows with the bull now testing confluent resistance at 5531/43 - a region defined by the 78.6% retracement of the monthly range and the April high-day close. Note that a three-point resistance slope converges on this threshold and the immediate advance may be vulnerable while below.
Initial support rests with the 4/22 reversal close at 5285 - losses below this threshold would threaten another bout of selling towards the yearly low-day close (LDC) near 5061 .
A topside breach / close above this hurdle exposes the monthly open at 5600 and the 61.8% retracement of the decline off the record highs at 5634 - look for a larger reaction there IF reached.
Bottom line : The index is testing resistance here- losses would need to be limited to 5285 IF price is heading higher on this stretch with a close above 5434 needed to clear the way for the next leg of the advance.
-MB
$BTC Rejected at .618 Fib - Correction Coming!Textbook rejection at the .618 Fib for CRYPTOCAP:BTC
Now on its way to retest the 200 and 50DMA as expected.
If that does not hold, we’ll go back to my original inverse head & shoulder idea ~$78k.
This will be the catalyst for Bitcoin’s next leg up to $130k end of June.
Canadian dollar in holding pattern on Election DayThe Canadian dollar is showing limited movement on Monday. In the European session, USD/CAD is trading at 1.3868, up 0.10% on the day. There are no economic releases out of the US or Canada today.
It's Election Day in Canada. Prime Minister Mark Carney, who has only been in office since March, is favored to win the election. Carney's Liberal Party was badly trailing the Conservatives but US President Trump has ignited Canadian nationalism and turned the election race upside down.
Trump has talked about annexing Canada and although most Canadians don't expect that to happen, there is strong resentment against the US tariff policy, which has hit Canada even though the two countries have a free trade agreement.
Carney is viewed as a strong leader who can stand up to Trump and the markets have priced in a Liberal majority. If the Liberals are forced to make a coalition with the smaller parties, the new government would be considered less stable and that would likely trigger some CAD weakness. If the Conservatives manage to pull out a surprise election victory, the Canadian dollar would likely get a boost.
Canada's retail sales declined 0.4% m/m in February but bounced back in March with a strong gain of 0.7%. On an annualized basis, retail sales slipped to 4.7% in February, down from a revised 5.3% in January.
The improvement in March was driven by consumers making purchases ahead of US tariffs, but consumer spending is likely to deteriorate. The Bank of Canada will be keeping a close eye and will have to consider further rate cuts if upcoming economic data is weak. The BoC maintained the cash rate at 2.75% earlier this month and meets next on June 4.
USD/CAD is testing resistance at 1.3868. Above, there is resistance at 1.3880 and 1.3910
1.3850 and 1.3838 are the next support levels