Get started

Stockindex

S&P500 This rally isn't even halfway there!Last time we plotted the S&P500 index (SPX) against the Volatility Index (VIX) was almost a year ago (November 07 2023, see chart below) and that helped as catch a more than +20% rise: This time, the two assets who are on a negative correlation don't trade on exactly opposite patterns. The S&P500 has been trading within a Channel Up for almost 1 year (since the October 30 2023 Low), while VIX is on a (wide) range with a clear Support Zone and peaks within a 22.00 - 24.00 Resistance Zone, with the exception of the early August rise that spiked above it (recession fears). Naturally, VIX's spikes and rejections (red circles) are SPX's bottoms and reversals (green circles). The blue circles that are bottoms for VIX inside its Support Zone are mid rally consolidations on the S&P500. This indicates that even when the Volatility bottoms and starts rising, the market is still in euphoria and it takes another half rally before it realizes that an aggressive volatility spike is coming. This can be particularly helpful in determining how long we still have to keep buying. Based on VIX's current position (ellipse shape), we are on the consolidation phase before the Support Zone test. Which means that we aren't even halfway through SPX's Bullish Leg. We expect that to be around mid to end of October, just before the U.S. elections to come up as a needed correction. As a result, we are expecting an end-of-year price at around 6200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
2
NASDAQ rally until the end of the year supported by the 1dayMA50Nasdaq has held the 1day MA50 after the Fed cut last week and is extending the rally. The long term pattern has been upward since the 2022 bottom supported by the 1day MA200, which is the best buy entry long term when touched. The 1week MACD is about to form a Bullish Cross, which is formed after every bottom these past two years. The main rallies during that time have been more than +30%. Our target for the end of the year, as long as the 1day MA50 supports of course, is 22500. Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100Long
by TheCryptagon
1
DOW JONES shows no signs of slowing down.Those of you who are worried if the upcoming November U.S. Presidential Elections or medium-term pull-backs (such as those of July and April 2024 or August - October 2023), pose a threat to your investments, you have a strong reason to relax and feel safe and that is the current chart. On this 1M time-frame analysis, we see Dow Jones (DJI) in almost the past 30 years (since late 1997) and the Cycles that have defined its Tops and Bottoms. As you can see, initially there is a clear (green) Channel Up that is always trading above the 1M MA50 (blue trend-line), leading to the eventual Top, which in turn initiates the Bear Cycle (red Arc). The use of the Sine Waves make a great fit for the bottoms in particular. It is interesting to mention that the time period between the end of each (green) Channel Up and the start of the next one is approximately 40 months (3.3 years). Also since the 2008 Housing Crisis, we can see that a wide Channel Up has been the dominant pattern driving the expansion of Dow. With the above information in mind, we can reach the conclusion that the index is only now entering that aggressive green Channel Up of the Bull Cycle, meaning that the Cycle is far from over and if anything, we are approaching its middle. In fact, the 3.3 year (40 month) time gap has just been completed, so there is a full Channel Up expansion ahead of us. Now, how high can that get? Well if each Bullish Leg of the 2008 emerged Channel Up is 40% less than the previous, then we are looking for at least a +100% rise from the September 2022 bottom, giving us a rough 57000 Target on a 5-year horizon. Again that doesn't mean that we won't have medium-term pull-backs (like those mentioned in the opening paragraph) along the way, they are necessary and they reset the prices in order to attract more liquidity and investors, but on the long run you can feel comfortable holding your stocks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
NASDAQ gave the best longterm bullish signal. Is 25300 possible?Nasdaq (NDX) confirmed the bounce on the 1D MA200 (orange trend-line) as argued on our previous analysis (September 09) and the rebound made the ultimate bullish break-out last week, as it crossed above the Lower Highs trend-line of the July 11 All Time High (ATH), giving us the most consistent long-term buy signal on a 2-year basis. As you can see on this chart that goes as back as October 2022 and the bottom of the Inflation Crisis Bear Cycle, the two times that Nasdaq broke above such Lower Highs trend-line, while being above the 1D MA200, it gave the best buy signal possible, with both rallies peaking after a +49% and +48% rise respectively. The Sine Waves have also confirmed early this month that the index bottomed and now we have the ultimate bullish break-out confirmation. The longer the 1D MA50 (blue trend-line) holds the better, but even if it breaks (April 2024), we still expect that we are on a similar Bullish Leg that should top in roughly the same way (+47% i.e. one percent less than the previous). This gives us a long-term Target of 25300 for March - April 2025. We have plotted the Bullish Legs of 2023 and 2024 and as you can see, even though they diverge at times, they always converge again, forming a rough Channel Up, which can be a representation of our estimate course. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
3
DAX breaking above this Resistance can target 20000DAX hit yesterday Resistance 1 (the September 03 High) but got rejected and failed to close the candle above it. Naturally, the market is reacting with weakness today and so far a red 1D candle. As you realize, the key here is to close that candle above Resistance 1, which is what happened in the middle of the previous Bullish Leg of the 1-year Channel Up. After testing the Resistance at the time on January 29 2024, the index turned sideways for a few days, until it finally closed above it and started the 2nd phase of the Bullish Leg. All this time the 1D MA50 (blue trend-line) was supporting, just as it did recently on September 06. If those conditions are met, we expect another run towards the 1.618 Fibonacci extension (where the April 01 Higher High was priced). Our Target is slightly below it at 20000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40Long
by TradingShot
S&P500 Powell gave what the market wanted. Rally up to mid-2025?Chair Powell went out and did it yesterday as the Fed didn't just cut the Interest Rates yesterday for the first time since March 2020, but did so by -0.50%, giving the market what it so desperately wanted. The question now on everyone's mind is this: is this what the market needed to extend the 2023 - 2024 rally? Fundamentally of course the cuts is a strong reason and as for the technical part we will let an old analysis of ours (last updated May 16, see chart below): As you can see, we published that at a time when there were again voices over an extended correction due to April's strong red candle. What happened instead? The S&P500 (SPX) posted 4 straight green months (not including September). Once again we present to you this chart, to help everyone maintain a healthy long-term perspective. Wide, long-term time-frames like 1W or 1M (such as the current one) succeed at filtering out the short-term noise caused by volatility, news etc. As you can see on this chart, which we named "The Ultimate stock market cheat sheet", the index goes through very distinct market through roughly the past 20 years. More specifically, since the 2007/08 Housing Crisis, there is a very consistent pattern and the Sine Waves display perfectly that frequency. The first observation is that there is a rough frequency when the S&P500 tops every 3.5 years. In this time-span of 42 months (3.5 years) the index either hits a High or already has and is on a minor decline before a stronger correction comes, which is always within the technical standards of pull-backs within a greater Bull Cycle expansion. Roughly also, the sell signal is given after the 1M RSI breaks below its MA (yellow trend-line) having previously been on overbought territory (above 70.00). Once the index hits the 1M MA50 (blue trend-line) again, usually a year at most after the Sine Wave top, the most optimal long-term buy signal emerges again. Investors who have applied this strategy/ principle since 2009, have had a total of 5 excellent buy opportunities for tremendous gains at the lowest possible risk. In conclusion, the market still has almost another year (roughly), until a sell signal emerges (July 2025). In our opinion, having always a low risk profile in our investments, it is advisable to be off stocks before that date just to be on the safe side. The important outcome of this finding, however, is that investors can continue feel safe buying for several more months, especially after the Fed gave a strong excuse to do so. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
DOW JONES Is a post Fed decline valid before an October rally?The day has come when the Fed will finally cut the Interest Rates for the first time since the early 2022 hike cycle and the question in the market is whether it will be by -0.25% or -0.5%. High volatility is expected intra-day but technically Dow Jones (DJI) remains within an uptrend (Channel Up) both medium-term (5-months) and long-term (2 years). The last support and bounce was offered by the 1D MA50 (blue trend-line) on September 11 and that broke the remarkable symmetry that the index had so far with the March - August 2023 fractal. That fractal suggested that after a (dotted) Channel Up, the index should make a correction below the 1D MA200 (orange trend-line) but on September 11 instead of breaking below the 1D MA50, the index rebounded (as mentioned above) and diverged from the fractal. This means that the Bullish Led (green Channel Up) may this time start earlier and the rally may break above the 2-year Channel Up and finally deliver a new long-term pattern, possibly more aggressive. Seasonality however is a big factor for investors and as we can see, the last two Septembers (2023, 2022) have been bearish, extending corrections that started in August but eventually managed to price a bottom in October. As a result, any remark by Chair Powell during the press conference that isn't well received by the market, can initiate a short-term pull-back towards the 1D MA200, ranging from -5.07% to -6.90%. In our opinion, if that takes place, it will be a tremendous buy opportunity until at least the end of the year. If however Powell delivers what the market is expecting (and more), we expect the pattern to continue its divergence from the 2023 fractal and enter the more aggressive bullish pattern earlier. If the more aggressive pattern prevails, a 46000 target is very probable by the end of the year. Notice that this divergence is also evident when comparing the 1D RSI sequences of the two fractals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
2
S&P500 Extremely well supported. This uptrend will continue.Just 6 days ago (September 10, see chart below) we gave the most optimal medium-term buy signal on S&P500 index (SPX) as the price tested and held the 0.5 Fibonacci retracement level: The price rebounded strongly and is imitating the 0.5 Fib bounces of the previous 12 months that all started very strong rallies (+10.50% the weakest!). This week we would like to go back to our long-term perspective on the wider time-frames (1W on this chart) as ahead of the Fed Rate Decision on Wednesday, we expect very high volatility that might cloud investor thinking and confidence to a strong degree. There is no reason to diverge from our long-term bullish outlook (yet) as the index remains extremely well supported on the 1W MA50 (blue trend-line), which was approached on August's low and was last time tested (and held) a year ago (October 23 2023). A Higher Highs trend-line guides S&P to higher prices, similar to every such trend-line since 2016. The 1W RSI has started to form a Bearish Divergence, which was effective only in early 2022 and the start of the Inflation Crisis. As long as the 1W MA50 holds, the Sine Waves show that this uptrend is far from over. Technically we should now see a continuation to around 5800 - 6000 and then a new medium-term correction. Our long-term Target is 6500, which based on the progressive nature of cyclical rises within this pattern (+63.50% then 105.00%), seems a modest one. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
NASDAQ The index is well supported to hit 25k by mid 2025.Last week (September 09, see chart below), we gave a strong buy signal on Nasdaq (NDX) right as the price was testing the 1D MA200, a strong Support on its 2-year Channel Up: The index duly delivered and we've completed 5 straight green days already. Not only that but the 1D candle closing above the 1D MA50, practically confirmed the bullish extension into this week. The current week however isn't just a typical one, as we anticipate the Fed Rate Decision on Wednesday and even though the expectations are fixed on at least a 0.25% cut, the volatility is expected to be high. As a result, to filter out this short-term noise, we will resort today to the wider 1W time-frame, which helps keeping a more accurate long-term perspective. In fact it was the same chart we published 6 months ago (March 18, see chart below), which very accurately laid out the Support that you needed to calmly buy on the long-term, which as you can see, it has been a recurring signal since 2010: Every time the price broke above a Resistance, it was the ultimate buy entry if re-tested later as a Support. That happened in mid April and that's what happened last week as well. In fact, the index made a strong rejection on the 1.5 Channel Fibonacci level and then tested and held the 1W MA50, confirming the emergence of a Channel Up (orange) similar to June 2020 - November 2021. The 1W RSI similarities between the two fractals are also further evidence of this. As a result, we expect Nasdaq to reach as high as 25000 by mid 2025 (a little lower than our previous 6-month estimate but still good enough to be an excellent buy opportunity even now). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDXLong
by TradingShot
DOW JONES: Aiming at 42,300 if the 1D MA50 keeps supporting.Dow Jones is neutral on its 1D technical outlook (RSI = 53.462, MACD = 83.230, ADX = 39.913) as it has recovered exactly 50% of last week's pullback. The rebound started exactly on the 1D MA50, empowering the bullish sentiment inside the Channel Up, despite the fact that the price is trading over its median. If the 1D MA50 keeps supporting, the 1D MACD is near a Bull Cross, which inside the Channel Up, is the trigger signal for more upside. This is a strong bullish case for us and within October we are expecting a new HH (TP = 42,300). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
3
RUSSELL 2000 Strong buy on the 1st 1W Golden Cross in 3.5 years!The Russell 2000 (RUT) index gave us an excellent buy signal on June 19 (see chart below), hit our 2293 Target and immediately pulled-back to the 1W MA200 (orange trend-line): The established pattern on the long-term is a Channel Up that first drove the price to Resistance 1 (and our Target) and now guiding it to Resistance 2. The 1W MA50 (blue trend-line) is providing the Higher Low support needed to sustain the Channel Up trend. The key development this week is the formation of the first 1W Golden Cross since January 2021. We expect that to be enough to resume the Bullish Leg and post at least another +27% rise (as in October - December 2023). As a result our Target is 2400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PEPPERSTONE:US2000Long
by TradingShot
1
HANG SENG Strong sell opportunity on recurring fractal.Hang Seng (HSI1!) closed below the 1D MA200 (orange trend-line) yesterday for the first time in a month and confirmed the rejection of August 30. That was a Lower High within the established Channel Down pattern that started on the May 20 High. This Channel Down is so far following a similar structure with the one that covered the entirety of 2023. The August 30 rejection was in fact also done on the 0.5 Fibonacci retracement level after a -17.30% decline. If this sequence of events continue to follow the April 17 2023 rejection, we should be expecting the new Lower Low to be formed on the -0.236 Fibonacci extension. Our Target is exactly on that level at 15700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
HKEX:HSI1!Short
by TradingShot
2
DOW JONES Nothing has changed. Bull trend intact and eyes 48000.Dow Jones (DJI) is having yet again short-term volatility following the August 30 All Time High (ATH), but as we explained last week this is natural, since the medium-term Channel Up hit its top and was looking for the 1D MA50 for buyers and a Higher Low potentially a little lower. On the longer term though, the trend is intact and is heavily bullish. The 1W MA50 (blue trend-line) is holding and as long as it supports, there is no evidence showing a correction. In fact, this is the exact same pattern that the index has been following since the 2009 bottom of the U.S. Housing Crisis. As you can see on this 1W chart, the market first bottoms on the 1W MA200 (orange trend-line) and starts a recovery phase by breaking above the 1W MA50. After a lengthy consolidation on it with a few tests (to confirm it as Support), it enters a structured Channel Up until the Cycle's peak. The first two Cycles rose by exactly +75% from their bottom to top, while the COVID one peaked at +70%. As a result, assuming a minimum +70% rise for this Cycle also, we can target at least 48000. It appears that the index is currently past half-way through the Cycle, already within the standard Channel Up. In addition, you can observe the similarities between the Cycles on the 1W RSI fractals as well, which tend to 'cool down' once this Channel Up starts forming. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
NIKKEI 2nd phase of rally starting.NIKKEI (NI225) couldn't have given us a more reliable bullish continuation signal that our last call (August 14, see chart below), as it hit exactly our 39000 Target and then pulled-back: The rejection took place on the 0.786 Fibonacci retracement level, similar to the, above 1D MA50 (blue trend-line) rejection on October 13 2023, which is the Megaphone fractal we used last time to come up with the buy signal. So far, the new correction almost reached the 0.5 Fib, so it is good enough for a buy, considering also the fact that the 1D RSI hit again the Symmetrical Pivot Zone, which is where the late October 2023 decline bottomed and started a new rally to the Megaphone's top. As a result, we turn bullish again today, targeting 42450 (the July 11 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:NI225Long
by TradingShot
S&P500 just needs to recover the 1D MA50.The S&P500 recovered yesterday a great deal of Friday's losses but still that wasn't enough to reclaim the 1D MA50 (blue trend-line), which was lost as the short-term Support level. As you realize, this is the key in order to resume and sustain the uptrend that started after the August 05 rebound near the 1D MA200 (orange trend-line). The long-term pattern is a Channel Up and even before that since late 2022 and the bottom of the Inflation Crisis, the index only once corrected below the 0.5 Fibonacci retracement level (the October 27 2023 Low). We mention that because Friday's decline stopped exactly on the 0.5 Fib. Every rise that followed until the next correction, reached at least +10.50% from the 0.5 Fib. As a result, once the index reclaims the 1D MA50, we will buy and set the next medium-term Target at 5950 (+10.50% from the 0.5 Fib). Notice also that yesterday's rebound was made exactly on the 1D RSI's Symmetrical Support, a level that initiated the December 19 2022 rebound. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
NASDAQ Is an August Low re-test inevitable?Nasdaq (NDX) got heavily rejected last week on the 1D MA50 (blue trend-line) and almost reached on Friday its 1D MA200 (orange trend-line). That was the level that was brutally breached on the August 05 Low, which only found Support on the 1W MA50 (red trend-line) and rebounded. Technically those last two MA trend-lines are the long-term Buy Zone of the 2-year Channel Up that started after the October 13 2022 market bottom of the Inflation Crisis. Based on the last two major Higher Lows of that pattern though, it is possible for the index to re-test that August Low as it happened both on December 28 2022 (re-test of the October 13 2022 Low) and September 27 2023 (re-test of the August 13 2023 Low). The latter in fact dived on a 3rd wave a little lower to test the 1D MA200, but this time, this condition has already been met (1D MA200 already tested). This Low re-test tendency is also evident on the 1D RSI fractals among the Higher Lows sequences. If that scenario is materialized, it would give us both a big bullish and a big bearish development. From the bullish side, a 17300 re-test would form an exact Higher Low at the bottom of the 2-year Channel Up, which is positive as it will fulfil a strong bullish condition to move forward. On the bearish side though, that would mean a breach of the 1W MA50, which technically would be very negative, unless the 1W candle that will break it, manages to close the week above it on a strong bounce. Until then, lets initially see if the 1D MA200 holds (currently early in the day/ week it does) as if the price reverses here, we can technically have a bottom similar to October 26 2023. In any case, Nasdaq is just above the 1st long-term Buy Zone currently. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
DOW JONES correction to extend until the Fed.Dow Jones (DJI) did what we expected of it 3 weeks ago (August 13, see chart below) and after pricing a Higher Low at the bottom of the 5-month Channel Up, it rebounded and reached the All Time High (ATH), pricing a Higher High: In continuation of that analysis, we now expect the new Bearish Leg to extend to possibly as low as the 0.618 Fibonacci retracement level, which was the case with the May 30 pull-back. The 1D RSI suggests that a 35.00 value would be ideal to signal a buy (same as May 30, see how both RSI fractals priced the top on the 70.00 overbought limit), while a Bullish Cross on the 1D MACD would be the final confirmation of the buy. Our long-term Target remains 42400 (+11.00% from the Higher Low, the same % rise as the July 18 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
NIFTY Next buy opportunity on the 1D MA50.We had another success on the Nifty 50 Index (NIFTY) on our last buy signal (August 09, see chart below), as we bought after a confirmed rebound on the 1D MA50 (blue trend-line), with the index being currently very close to our 25500 Target: The index continues to follow the a cyclical pattern and this is how we made this previous successful prediction on the 1D MA50. As you can see it was the very same rebound on January 24 2024 (1D MA50 and bottom of the Megaphone) that rose by +6.64% before turning sideways again into a larger (dashed) Megaphone. We are about to enter this fractal symmetry and potentially initiate a new Megaphone. The former one gave this first buy opportunity on the 1D MA50 again, then on the 1D MA100 (green trend-line) and finally near the 1D MA200 (orange trend-line). An additional buy signal was when the 1D RSI hit its Support Zone. As a result we are closing the previous buy now on profit and will wait for the 1D MA50 contact to buy again and target the top of the Megaphone (Higher Highs trend-line) at 25700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTY
by TradingShot
NASDAQ won't correct again in 2024It has been almost 1 year (October 24 2023, see chart below) when we called for a mega buy opportunity on Nasdaq's (NDX) last bottom: As you can see, the index started an insane rally sequence right on that weekly candle and didn't correct again that much before the recent July - August 2024 pull-back. The gains from that bottom buy signal have been almost +50% and as the 1W MA50 (blue trend-line) was tested on the early August Low and held, we expect Nasdaq to resume and maintain the steady bullish trend for the rest of the year. The next Target before it gives a medium-term correction again in our opinion is 22500, which is exactly on the 1.618 Fibonacci extension from the October 2022 market bottom. The reason we project this target is because, as you can see on our October 2023 analysis above, we find remarkable similarities between the 2022 Inflation Crisis correction and the 2008 Housing Crisis. This is what helped us give the mega buy signal in October, because the price formed a 1W MA50/MA100 Bullish Cross, the first since February 2010 and the correction was contained above the 0.618 Fibonacci retracement level. So with the 1.236 Fib already achieved during the current (blue) Channel Up (see how both recovery sequences take place within Channel Up patterns), the next in line is the 1.618 Fib at 22500. According to all the above, the next time that Nasdaq could correct might be early in 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDXLong
by TradingShot
10
NASDAQ Time to move more aggressively to the tech sector!Nasdaq (NDX) may be underperforming on its August recovery relative to the other indices (S&P500 and Russell 2000) but as the monthly candle closes today, there is a very encouraging signal coming from an index ratio that shows that this may be the time to get heavier on tech. We will use the Russell 2000 index (RUT) as it represents a wider array of companies and place it against Nasdaq on the RUT/NDX ratio. Naturally over the years (this 1M chart shows data since 2006), the ratio declines within a Channel Down as historically the riskier tech sector attracts more capital and grows more. However there are instances where Russell gains more against Nasdaq. We are currently though at a time where this isn't the case as the ratio seems to be under a consolidation that on previous fractals (March 2015, September 2008) led to more decline, thus gains for Nasdaq. As you can see, this movements can be grasped by the Sine Waves, though not perfectly, but still goo enough to understand the cyclical pattern we're in, also with the help of the 1M RSI Triangles. Nasdaq (which is represented by the blue trend-line) has started massive expansion Channel Up patterns following this unique signal given by the RUT/NDX ratio. The first was right after the 2009 Housing Crisis bottom and the second during the 2015/ 2016 E.U., VW and Oil crisis. As a result, this could be an indication that even though the last crisis we had was 2022 Inflation Correction, Nasdaq may be starting a new bullish wave of massive gains against the rest of stock indices. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:RUTLong
by TradingShot
FTSE 100 Potentially topped. Strong pull-back incoming.Earlier this month (August 08, see chart below), we got the most optimal buy entry on FTSE 100 (UK100) that quickly hit the 8300 short-term Target, even earlier than we expected: The price is now above the top (Lower Highs trend-line) of the Bearish Megaphone, a symmetrical pattern to May - August 2023. We expect this rally to top soon and then pull-back the same way to the symmetrical Support Zone, below the 1D MA50 (blue trend-line). Shorters can target its top at 8150 and then buy for 8500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100Long
by TradingShot
DAX ahead of a mega 1W Bullish Cross.Last month (July 15, see chart below), we made a bold Megaphone prediction on DAX (FDAX1!), which delivered both an excellent sell opportunity and a bottom buy entry: The situation now is more difficult as despite DAX's recovery, the U.S. markets are under a certain degree of volatility. We need to zoom out to the 1W time-frame to answer that and get a better understanding of the long-term trend. The key development will be the upcoming formation of a 1W MACD Bullish Cross. It will be the first since November 20 2023, which was in fact the last time the index hit and rebounded on the 1W MA100 (green trend-line), forming the previous Higher Low of the 2-year Channel Up. As a result, having already tested and rebounded earlier this month on the 1W MA50 (blue trend-line) for the first time in 9 months, we believe that the current 4-week green rally will be extended. The last two Bullish Legs of the Channel Up initially rose by +16.74% and +23.84% before their first corrective pull-back. As a result, our Target on the medium-term is 19800 (+16.74% rise from the recent bottom). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40Long
by TradingShot
S&P500 Why the volatility shouldn't scare you.Five months ago (March 21, see chart below), we published a comparison analysis on the S&P500 index (SPX), warning of a medium-term correction but at the same time setting a long-term 6500 Target: As you can see, the fractal comparison of March 2024 with March 2017 worked very well and this is why the recent July - August correction shouldn't scare you. The 2022 - 2024 sequence continues to replicate to a solid degree the 2015 - 2017 period, which after holding both the 1W MA50 (blue trend-line) and testing and bouncing on the 1.786 Fibonacci extension, it rallied towards the 3.0 Fib. Check also how similar the 1W RSI sequences are within the two fractals. At the moment we are just past the RSI Double Bottom formation (August 14 2017 and August 05 2024 respectively), which should initiate a rally that will peak deep into the overbought zone in Q1 2025. As a result, our long-term Target of 6500 is intact, and as the title says, the volatility shouldn't scare you and make you diverge from the long-term goal and perspective. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
1