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US30 thoughts post CPI pre FOMCHi, and thanks for taking the time to look at our latest update. We hope everyone has been hitting some trade wins. Today we are looking at the US30 after its wild session after yesterday's US CPI data. The data came in below expectations, and this continues the run of lower-than-expected releases. This remains a touch confusing, as last week, we saw the PPI increase. Inflation sits at 7.1% y/y. Is this enough for the fed to set a slightly more dovish stance this week? Message from the fed has softened, but we still expect to see rates come in 50 points higher this week. This is a decrease on previous meetings, so it's a softening in that area if it does happen. The gambler in me wonders if we could see 25 points before Christmas, but the realist thinks we will most likely see the expected 50 points. The US30 saw one heck of a fade after the CPI data, and that does make me wonder if the market is feeling edgy regarding the feds' message this week, which may coincide with a high point in the rally. For now, we see resistance at 34,600 and at 35,270. Will that feds message this meeting cement buyer confidence, or could it start a new push lower if the message moves away from the softening tone we have started to see develop? The FOMC, funds rate, statement and economic projections will be released tomorrow morning AEDT time at 6:00 am, followed by the press conference at 6:30 am.
EIGHTCAP:US30
by Eightcap
US30 breaks range as buyers continue to pushHi, and welcome to today's update. Focus today on the US30 as buyers continue to push the case for a new up leg. In today's video, we run over price action that proceeded the move and the battle we watched last Friday and yesterday as traders tried to hold and move passed 30,000. The break above resistance in today's Asian session is a great sign, and we want to see buyers hold this move or continue it to confirm today's move. If buyers can continue to push the market higher, we would like to see new higher highs and higher lows that show bullish control. If we see a fade in today's NY session that closes back below 30,300 or 30,000, this would be a worrying sign that we could see the range continue. Buying has been broad so far today in the out of hours, with the SPX500 and NDX100 seeing solid gains. This is a good sign that buying interest is firm and wide across the indexes. Let's see if buyers can carry momentum forward into today's NY session. We like to hear from you, so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
EIGHTCAP:US30Long
by Eightcap
ES weekly forecast - Beginning of TST journey Hello everyone! This October I begin my TopStepTrader Micro combine! TradingView is my documentation system so Like and Follow my journey! ES has maintained its down trending posture and lending way to lower prices but currently exists in a somewhat balanced state between technical levels 3700 and 3500. This area could prove to be difficult, so I’m not particularly excited about the week ahead - SHORT TRADES ONLY given the context of the downtrend! 1 - Breakdown of 3600 with a pullback to retest before moving lower to 3500 2 - Straight down - If ES moves below 3500 with conviction, we could see lower prices in a hurry. I’ll be looking for sharp bounces to short in this scenario/. 3 - Bullish move to 3700 and consolidation to begin accepting higher price Last week gave us a decent short opportunity Wednesday. Be on the lookout for others in the middle of this week, although it’s unlikely they are as technically ‘juicy’. Waiting on TradingViews BlackFriday deals to optimize charting. Stay tuned! KingCharlesTrader - 10 years as ES swing trader by night. Web Developer by day.
CME_MINI:ES1!
by GrayTrader01
1
GER30 are sellers starting to take control? Hi, and welcome to Friday's update. In today's video, we are focusing on the GER30 daily chart. Price action and the OBV indicator are starting to show signs that sellers could be gaining short-term control over the market. Looking at price we can see that buyers made a failed breakout attempt, and sellers came in strong on the next session with an engulfing bar. Yesterday buyers held a rally but closed well-off highs showing plenty of rejection. Today, sellers have started a new move but still have a little work to do. We would like to see sellers continue to push lower and break support seen at 13,640. A break and close below yesterday's low could be the trigger for a new leg lower if sellers can hold the move. If buyers can regain control and close price back above 13,750, we would be looking for more evidence before we continue to think that the market is set to break lower. What are your thoughts? We also like to hear feedback from our readers. Thanks for stopping by. We hope you are all enjoying your Friday and good trading.
EIGHTCAP:GER30Short
by Eightcap
123 Pattern building on the US30?We hope the Tradingview community are having a great day. Today we have been looking at the US30, and we can’t help but noints the solid-looking trend break on the current upswing. This has us thinking, could we see a 123 pattern that sets up a 2nd upswing and confirms the current leg higher as a new short-medium-term uptrend? We have the V shape pattern that’s nice to see in reversals. Next, if we see further selling develop today and tomorrow, we will start looking for a new move from buyers that breaks the last high, confirms the 123 pattern (HL), and suggests that this upswing could be a new trend. Until we see further selling, we will continue to wait. But if the above does happen, we will be looking for breaks of the high to possibly set up new longs. If we see a new high today’ we will be waiting, and if selling breaks below 31,700, we will also be waiting.
EIGHTCAP:US30Long
by Eightcap
NDX100 sellers are struggling to beat 11,780 for nowHello TradingView community, today’s video update is more to highlight an area as opposed to looking out for a potential set-up. Tech stocks have been having a hard time of it lately, but we are seeing and watching an area between 11,780 and 11,550ish. The bottom is not exact, but after looking at the NDX100 you will see the point being made. This area, for now, continues to reject sellers and continues to present as demand and possibly support for buyers. It’s no more than a level of interest for us at the moment. We could see price continue to hold there and perhaps push at a new move higher, or we could see sellers railroad the area. The key for us will be if this level can continue to hold. If so, we will look for further price action to start thinking and looking for new ideas. Good trading.
EIGHTCAP:NDQ100
by Eightcap
DOW JONES, Decisive Descending-Channel, Upcoming Determinations!Hello, Welcome to this analysis about the DOW JONES and the daily timeframe perspectives. Since the crucial bear market declines the Dow Jones has shown up within the recent times it is moving into a determining decision phase from where the further assessments and directions need to be waged now. Therefore it is necessary to look on the technical side of things and in this case the Dow Jones is now forming this main Descending-Channel-Formation as shown in my chart, within this Descending-Channel-Formation the Dow Jones has a coherent wave-count with the initial waves A and B already forming and now as the Dow Jones approaches the upper boundary of the formation this is likely to be the origin of a main wave C to the downside which will complete the whole wave-count and move into the final support-zone from where a possible back-up can happen. When this back-up is strong enough and the Dow Jones manages to reverse from there on this will lead to a possible major reversal once the Dow Jones settled above the upper boundary of the descending-channel-formation. Such a breakout will determine the final reversal-setup from where the Dow Jones is likely to move on forward. For now we should not rush into set conclusions rather it is necessary to keep appropriate patients before moving into the market because bearish pressure can still increase again, it will be a crucial development ahead. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
7
End of month window dressing pushes US Indexes higherMorning Jumpstart Macro View and US market recap 1-02-22 The US ended the session well into the green again as end of month window dressing triggers another buying frenzy into tech. Prices on the Nasdaq, SP500 and DOW are all at key levels that could see another selloff in coming sessions. For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments. View more at www.tradethestructure.com
CBOT:ZB1!
by TradeTheStructure
SPX updated plan.For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them. We are looking to RE long on the recent fall back to our previous trade exit zones. Price action has proved itself previously and we are using this as an exit point again. Make sure your risk management is controlled. It must be in line with your equity. Risking too much on any trade is never a good idea..
SP:SPXLong
by WillSebastian
2
DOW JONES hit the 1D MA200. Buy fractal spotted.Dow Jones has had a very sharp two-day pull-back, which hit today the 1D MA200 (orange-trend-line). That came off an Inverse Head and Shoulders pattern (IH&S) that continues to resemble that of June - July. With the 1D RSI hitting the Symmetrical Support level of the July 19 low which initiated the strong rebound to the 0.236 Fibonacci extension, I expect the same sequence to be replicated and hit 37000 by the end of next month. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
4
S&P500 Solid long-term buy opportunityMy most recent S&P500 idea was a short-term one on the 4H time-frame, where I called for a pull-back and then rebound to 4740: The target has been hit but the latest pandemic news were used as the catalyst for a new, deeper pull-back. I am switching back to the 1D time-frame where the index has just hit the 1D MA100 (green trend-line) again, for the first time since the December 03 low. As shown on the chart, this sequence has been spotted another 2 times before within this 12-month Channel Up: a) Double Top on the Resistance, b) Pull-back, c) RSI Double Bottom and d) Rebound to the 2.0 Fibonacci Extension level In our firm's perspective, once this formation is completed again, we expect another rebound. Our new long-term target is 4850. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
3
NASDAQ One last low is possible before new ATHNasdaq has been particularly week this month as yesterday's rejection saw the price back to the 1D MA50 (blue trend-line) again and near the December 03 low. We do remain inside a year-long Channel Up but the very structure of this pattern allows for one final Lower Low before making a bottom. As you see on the chart, every time NDX broke the last Low of the previous uptrend (bold black line), the price dropped either around -8.50% or -12.00%, while the RSI bottomed within the 35.000 - 30.000 Support Zone. Neither of that has happened yet and technically when either of those happens first, then that would be a good estimate for a bottom on Nasdaq. A -8.50% pull-back from the top would place the price at around 15,350 while a -12.00% at around 14,750. The latter however would mean a break below both the Channel Up and the Higher Lows trend-line that is holding since November 02 2020, while at the same time making a direct hit on the 1D MA200 (orange trend-line). Thus I consider it far less likely. For a long-term trader, even the fact that we are currently around the 1D MA50, translates into a good buy opportunity. Our Target on a 1.5 - 2.0 months horizon is 17600 which is slightly below the 1.786 Fibonacci extension, a standard target for NDX after such a bottom. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
8
DAX Emerging MA50/MA100 Bullish Cross on the 4H.DAX appears to have completed the short-term profit taking pattern as presented last week on the following analysis: The 1D MA200 held and the index can now resume the uptrend towards the top of the long-term Channel Up. On today's analysis I shift focus to the 4H time-frame where the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) are close to forming a Bullish Cross. Last time that happened was in October 20 and resulted in a massive rally to 16300. All the price needs to do is clear the 4H MA200 (orange trend-line) which rejected the rebound today and break this short-term Bearish Megaphone. At the same time the 4H MACD just printed a Bullish Cross as well, while the Higher Lows trend-line from the November 30 market bottom is holding firmly. We are looking for a medium-term rise around the 1.5 Fibonacci extension (16300). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
DLong
by TradingShot