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S&P500 crashing. Will it benefit from a September RATE CUT??The S&P500 index (SPX, illustrated by the blue trend-line) has been under heavy selling pressure in the past 3 weeks and a September Fed Rate Cut is already priced at 95%. But will the index benefit from such action? A detailed look into the past 35 years of recorded Yield Curve (US10Y-US02Y) price action, shows that when it flattens and rebounds, the Fed steps in and cuts the interest rates (orange trend-line). As you see on that 1M chart though, this hasn't always been beneficial for stocks as especially for September 2007 and January 2001, it took place parallel to the Housing and Dotcom Crises. The Inflation Rate (black trend-line) however seems to be at a low level that is consistent with market bottoms and not tops. As a result, it appears that it is more likely we are in a curve reversal that is consistent with bull trend continuation for the stock market, after short-term corrections, in our opinion either post June 2019 (ignore the COVID crash, which is a once in 100 years non-technical event) or pre-2000. So to answer the original question, we believe there are more probabilities that a September rate cut will do more good to the stock market than harm. Just as a side-note, based on this chart, our sentiment is that the current AI-led rally will be similar to the internet rally of the mid-90s that eventually led to the Dotcom crash of 2000. Your thoughts? ------------------------------------------------------------------------------- ** 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:SPX
by TradingShot
2
FTSE 3rd straight green day after the bottom.FTSE 100 (UK100) is having perhaps the most convincing bottom formation out of all major global indices as despite the selling pressure evident on each day, it is (so far) today on the 3rd straight green 1D candle since Monday's Low. That Low came just a few points from touching not only the 1D MA200 (orange trend-line) but also the Higher Lows Zone (started on October 27 2023). At the same time, the Bearish Megaphone since its All Time High (ATH), displays striking similarities with the April - August 2023 pattern. In fact, this week's Low seems to be similar with the August 18 2023 Low. That initiated a rebound that almost touched the 0.786 Fibonacci retracement level, before another correction. Even the 1D RSI patterns are similar among the two fractals. As a result, we turn bullish again on FTSE here, targeting 8300 (just below the 0.786 Fib). ------------------------------------------------------------------------------- ** 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
DOW JONES Is a new rally starting right under our nose again?Consistent with our macro approach to investing (particularly with stocks), we continue to address the recent stock market correction by examining similar behavioural patterns of the past. It was 10 months ago (October 11 2023, see chart below), when Dow Jones (DJI) was under another short-term turmoil phase that turned out to be exactly that, short-term: As you can see on that chart, while most were panic selling, we addressed the idea that Dow was "starting a new Bull rally under our nose". And as you can see, the index did exactly that, as it rebounded at the bottom (Higher Lows trend-line) of the Rising Wedge, starting a new +23% rally. Our basis for this projection was the similar Rising Wedge pattern of September 2015 - November 2016 (almost 1 year), which after a fake-out for the week hands (green circle) on January 2016 (as it was on October 2022), it rebounded in October 2016 at the bottom of the Wedge and posted a +19% rally. You can see that so far the lows are highly symmetrical as the first was priced in the month of October (2016 then and 2023 now) and the next in April (2017 and 2024 respectively). The initial rally that broke above the Rising Wedge in 2017, had a small upward extension that then gave a new pull-back for an August 2017. If symmetry continues to dictate the price action, then the current August Low (2024), may be our new bottom as Aug 2017 was. On the past fractal, the new rally was concluded on a +30.72% rise. As a result, we see it highly possible to get a new long-term peak early next year (January 2025 if symmetry continues) at around 49000. High as this Target may seem at the moment with the current economic slowdown fears, these are the standard conditions that make rallies start "under our nose".. Especially as November's U.S. elections are approaching. ------------------------------------------------------------------------------- ** 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 erased 3 months of gains. Is this a Bear Market?In early E.U. session today the Nasdaq futures (US100) reached a level that was last seen on April 25, essentially erasing market gains of more than 3 months! By doing so, it hit the 1W MA50 (blue trend-line) for the first time since the week of March 13 2023 (almost 17 months). That is the strongest long-term Support for the index and technically what potentially separates a long-term rally from a long-term correction phase. What matters here is the 1W candle closing. As long as the weekly candles close above the 1W MA50, the long-term bullish trend is maintained. Last time the index closed a week below the 1W MA50 was on January 17 2022, it extended the bleeding to the 1W MA100 (green trend-line). What confirmed the new Bear Cycle was the failure to close a 1W candle again above the 1W MA50, even though it broke 4 times (January 31 - April 04 2022). Since Nasdaq's long-term pattern remains a Channel Up anyway (since the October 10 2022 market bottom), if it holds and keeps closing above the 1W MA50, we expect a new +47% Bullish Leg (the previous two have been +48% and +49% respectively), which gives a long-term Target at 25400. If however the index closes below the 1W MA50, we expect at least a 1W MA100 test, giving a rough Sell Target at 15500 (could be a little higher though). Further selling and a potential new Bear Cycle, will be confirmed only by a failure to recover and close above the 1W MA50 again. ------------------------------------------------------------------------------- ** 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
S&P500 Huge rebound on former 2year ChannelUp! New Highs coming!The S&P500 index (SPX) reached and held last week the top (Higher Highs trend-line) of the former 2-year Channel Up pattern that was the vessel of market recovery from the 2022 inflation crisis. The results of holding this line have been immediate as this week is so far deep into green and is about to recover all losses sustained from the previous 1W candle. At the same time it is a Higher Low on the (dashed) 9-month Channel Up. Those two developments open the way for a new mega-bullish pattern that has the Support of its former one. As long as the 1D MA100 (red trend-line) remains intact, we still look towards a new Higher High, targeting 6200, which may be a modest Target since it is quite below the +28.56% mark, which is the rise that the previous Bullish Leg had. So far all major long-term rallies since the October 2022 bottom have been around +30%. ------------------------------------------------------------------------------- ** 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
2
DOW JONES Any pull-back is a short-term buy opportunity.The Dow Jones Industrial Average Index (DJIA) is completing an Inverse Head and Shoulders (IH&S) pattern following the recovery of its 4H MA50 (blue trend-line). Since the dominant medium-term pattern since the April 19 Low is a Channel Up, any pull-back this short-term IH&S offers, is a technical buy opportunity. The previous Channel Up Higher Low of May 30 offered one final Higher Low pull-back below the 4H MA50 before the new Bullish Leg started towards the Channel's top (Higher Highs trend-line). Check how their 1D RSI fractals are similar among the two sequences. As a result, once today's Fed euphoria recedes, we expect one last buy opportunity to emerge with a short-term Target of 42000 (top of blue Channel Up), if note higher on the Diverging Channel Up. ------------------------------------------------------------------------------- ** 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:US30
by TradingShot
3
S&P500 Bottom of the 8-month Channel. Strong buy signal.The S&P50 index (SPX) broke on Wednesday below its 1D MA50 (blue trend-line) for the first time since May 06 and yesterday touched the bottom of the 8-month Channel Up pattern that started after the October 27 2024 market Low. Technically we are on the most optimal buy level on the medium-term and this is possibly the reason that the day has started on a bullish note. The 1D RSI is at the same time at 40.00 for the first time in 3 months, so slightly into the long-term Buy Zone. As long as the 1D MA100 (green trend-line) holds, we will be bullish, targeting 6200 (below a the +28.56% mark, which was the % rise of the previous Bullish Leg). If the price breaks below the 1D MA100, we will short up to the 1D MA200 (orange trend-line) where we will buy again heavily for the long-term (same Target). ------------------------------------------------------------------------------- ** 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
2
DOW JONES Correction isn't over yet. See where to buy.The Dow Jones Industrial Average Index (DJIA) made initially a direct hit on our July 05 (see 1st chart below) 41000 Target and following the rejection then, is on its way of hitting the 39200 downside Target (July 17, 2nd chart below) as well: Zooming out to the long-term pattern again after a while, we can still see that the dominant technical structure is a Channel Up that first started on the September 30 2022 inflation crisis bottom. On the more medium-term, we can isolate a (dashed) Channel Up that started on the April 19 2024 Low. It appears that the current correction is technically its new Bearish Leg. Symmetrically, we should be expecting the new Higher Low to make contact with the 1D MA50 (blue trend-line). That is our first buy entry. The second is just below the 0.5 Fibonacci Channel level, which can potentially make near contact with the 1D MA200 (orange trend-line), a strong long-term Support. That scenario is drawn based on the October 27 2023 bottom which was after a symmetrical correction (-9.25%) with the March 20 2023 bottom. Similarly, the current Bearish Leg could be symmetrical (-6.84%) with the correction that led to the April 18 2024 Low. For both buy entries, our new long-term Target will be 42400 (Higher High on the medium-term Channel Up). ------------------------------------------------------------------------------- ** 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:US30
by TradingShot
NASDAQ Held the 1D MA50 and is rebounding.Nasdaq (NDX) almost hit the 1D MA50 (blue trend-line) on Friday and immediatelly rebounded yesterday, in anticipation of high cap earnings starting tonight with Tesla and Alphabet. The 1D MA50 has been intact as the major Support of the Channel Up pattern since May 06. The previous two Bullish Legs rallied at least +10.37% before the next short-term pull-back, so we are setting a new Higher High (top of the Channel Up) Target on Nasdaq at 21450. Notice also the harmonic occurrence of the bottoms (Higher Lows) of the Channel Up as highlighted by the Sine Waves. ------------------------------------------------------------------------------- ** 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
5
S&P500 The correction is over. Bullish trend intact.The S&P500 (SPX) has been rising steadily since our June 17 bullish break-out signal (see chart below) and despite this week's pull-back, the upward pattern remains unchanged: As long as it continues to be supported by the 1D MA50 (blue trend-line), we remain bullish with our Target intact at 5800, marginally below the 2.618 Fibonacci extension. On a side-note, observe the uncanny symmetry between the RSI structures of the Bullish Legs. We are now on a similar pull-back recovery formation as on the January 31 2024 and June 26 2023 short-term Lows. ------------------------------------------------------------------------------- ** 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
DOW JONES Top of its Channel. Sell opportunity.The Dow Jones Industrial Average Index (DJIA) hit our 41000 Target as projected on our last analysis (July 10, see chart below) and reached the top (Higher Highs trend-line) of the 3-month Channel Up: The Bullish leg competed a rise around the same levels as the previous one (7.87% against 7.65%), so we can assume the symmetry will continue to shape within this pattern and affect the Bearish Legs too. The previous Bearish Leg made a -5.14% decline. Our Target is 39200, marginally above the 0.618 Fibonacci retracement level. ------------------------------------------------------------------------------- ** 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
6
NASDAQ Still a few weeks before it tops.Nasdaq (US100) has been trading within a Channel Up pattern since the November 2022 market bottom and at the moment is unfolding its 3rd major Bullish Leg of the pattern. Supported on the short-term by the 1D MA50 (red trend-line), the index is aiming for at least a +26.20% rise from the April 15 Low, as the 2nd Bullish Leg rose by 5% less than the first. The price has entered its peak formation process on the Channel Up Higher Highs as the 1W RSI has been overbought (above 70.00) for a month, similar to when the top started forming in June 26 2023 and February 2024. Our immediate short-term Target remains 21300 as per our previous analysis. ------------------------------------------------------------------------------- ** 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
1
DAX Sell opportunity at the top of this pattern.DAX (FDAX1!) has been following our May 17 (see chart below) projected path very closely and as mentioned, it has been a repeat of the May - July 2023 Megaphone consolidation so far: The price is back above the 1D MA50 (blue trend-line) again and we have adjusted the Megaphone to the wider price-action that was given, in contrast to the 2023 one. As a result, we are expecting the index to get rejected around the top of the Megaphone and the long-term Channel Up. That will be our next short-term sell opportunity, targeting 18000 (the June 14 Low), which by the time of the rejection should be very close to the 1D MA200 (orange trend-line), the untested long-term Support level since November 15 2023. ------------------------------------------------------------------------------- ** 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:DE40Short
by TradingShot
S&P500 Short-term buy signal.The S&P500 index (SPX) is just after the middle of the new Bullish Leg of the 3-month Channel Up, supported by both the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line). The Sine Waves have been very efficient at projecting the bottoms and tops (Higher Lows and Higher Highs respectively) throughout the pattern. Right now the index is approaching such a top and once the 4H RSI makes a Double Top, it will be time to take profit. Rough projection, we expect that to be around 5700 and that is our Target unless the RSI double tops earlier. ------------------------------------------------------------------------------- ** 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
DOW JONES Looking to break above the 3-month Triangle.The Dow Jones Industrial Average (DJIA) has been consolidating within an Ascending Triangle since the April 01 High and recently is being supported by the 4H MA50 (blue trend-line) since June 17. As long as it continues to hold, there are higher probabilities to finally break above the Triangle's top (Resistance 1). If it does, the pattern will transition into a Channel Up that will aim for a new Higher High. The first Bullish Leg extended to as high as +7.52%. The 1.382 Fibonacci extension is technically the break-out target on these occasions, so our Target is in the middle of those levels at 41000. ------------------------------------------------------------------------------- ** 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:US30Long
by TradingShot
2
NASDAQ Slow and steady rise within a 3-month pattern.Nasdaq (NDX) is simply extending the new Bullish Leg of the now almost 3-month (since April 19) Channel Up (blue) pattern. Supported by the 4H MA50 (blue trend-line), it should stay this way until the next Higher High, which we anticipate to be at 21300 at least. That will be almost a968% rise, which is the smallest Bullish leg registered on the May 23 Higher High. The other was +10.40%, so there is a high degree of symmetry among the Legs of this Channel Up. The 4H CCI on each Bullish Leg is also fairly symmetrical and it shows where we cyrrently might be relative to the previous sequences. Note also that the 4H MA200 (orange trend-line) has been unbroken since May 06 (more than 2 months), indicating that at the moment is the strongest medium-term Support. ------------------------------------------------------------------------------- ** 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
DOW JONES All patterns pointing to a bullish break-out.We have seen today's pattern on one of our previous analyses (June 14, see chart below) but on the 1W time-frame: Today we make some slight modifications as we view it on the short-term 1D time-frame. Dow Jones (DJI) continues to replicate the sequence of February 14 2023 - May 30 2023 and following the latest 1D MA50/100 Bullish Cross, is ready to break above the (bold dashed) Ascending Triangle. As you can see there is so far high symmetry between the two patterns. The 2023 one made a Higher High following the Triangle break-out on the 1.382 Fibonacci extension from the bottom. It had two identical Bullish Legs since that Low. As a result, we are targeting at least 41000 on the medium-term, which is tightly located within the 1.382 Fib and a symmetrical +7.50% Bullish Leg. ------------------------------------------------------------------------------- ** 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:US30Long
by TradingShot
S&P500 Shifted to new bullish pattern. 5750 next.The S&P500 index (SPX) made a major bullish break-out in accordance to our previous analysis (June 17, see chart below), where we clearly stated that a break above the 1.5-year (Fibonacci) Channel Up pattern it would indicate a transition to a new (blue) Channel Up: As you can see that happened and the index is extending that blue Channel, with the long-term prevailing pattern now being the dashed Channel Up. Technically it appears that the price is rising straight after finishing a Cup consolidation structure that is no stranger to it as we've seen it another two times, always leading in the end either to a 2.383 Fibonacci extension target or around +30% rise from the top. On the current Bullish Leg, the 2.382 Fibonacci extension comes much lower than a potential +30% rise from the April 19 bottom, so as mentioned on our previous analysis, we will be targeting (this time slightly lower) at 5750. If the 2.382 Fib breaks and we close a 1W candle above it, we will extend buying all the way to +30%, i.e. just above 6300. ------------------------------------------------------------------------------- ** 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
1
NASDAQ Nothing to stop this uptrend. Next stop 21300.Time to update our Nasdaq (NDX) thesis from 2 weeks ago (June 20, see chart below), where we called for a pull-back and then a buy on a 20700 Target: As you can see we got the short-term correction within the (dotted) Channel Up and the index resumed the long-term uptrend of the 8-month (blue) Channel Up. Supported by both the 4H MA200 (red trend-line) and the 1D MA50 (blue trend-line), we expect this uptrend to be extended in a similar way as the January 2024 post 4H MA200 correction rebound. That sequence completed a +25.78% from the October 2023 bottom, before pulling back near the 4H MA200 again. As a result, we upgrade our Target to 21300, closer to the top of the long-term Channel Up. See also how symmetrical the 1D MACD fractals are between the 2 sequences. We should now be expecting a Bullish Cross, to confirm this Leg's continuation. ------------------------------------------------------------------------------- ** 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
1
DOW JONES is on an expansion phase until late 2025.Dow Jones (DJI) closed the 2nd straight green month (1M candle), something that isn't discussed a lot amidst the pessimistic views lately across the market. Technically, since the bounce on the 1M MA50 (blue trend-line), the index entered a new Expansion Leg inside the Channel Up that started after the 2008 Housing Crisis. Each Bullish Leg has been so far more aggressive than the previous but even if Dow repeats the 'weakest' one, we will still look for a +75.32% rise since the September 2022 bottom. This translates into a long-term Target of 50000, which can extend as long as late 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
NASDAQ Literally nothing to stop this long-term rally.Earlier this month (June 07, see chart below), we explained why we were very bullish long-term on Nasdaq (NDX) using the 1W time-frame: The price rose from 19000 to 19750 since and there is literally no technical sign of stopping this tremendous rally yet. In fact, today we bring you another approach, this time on the 2M time-frame. As you can see, since November 2023, the index is past a Bullish Cross on the 2M LMACD. Since the 2008 Housing Crisis, we have witnessed this signal only 3 times. In fact, despite the presence of a relentless 14-year Channel Up, the most recent LMACD Bullish Cross resembles more the first one on November 2009. Even though the 2022 Inflation Crisis wasn't the same as the 2008 Housing Crisis, it is the strongest we saw since then. The chart clearly shows that 2-year Channel Up (blue)/ Bullish Legs have been the vessels of upward continuation within the 14-year Channel, while at the same time +135% rises have been quite common. As a result, before the current rally takes a breather, we can expect to see as high as even 24500 (+135% from the November 2022 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDXLong
by TradingShot
DAX Medium-term buy opportunity.Last time we looked at DAX (FDAX1!) it gave us another successful sell signal (May 17) at the top (Higher Highs trend-line) of the 9-month Channel Up: This time it is issuing a medium-term buy signal as after reaching the bottom (Higher Lows trend-line) of the 6-month Channel Up, while hitting and holding the 1D MA100 (green trend-line) as Support, it is sustaining an upward consolidation. The last Higher Lows was also priced after the price broke below the 1D MA50 (blue trend-line) and supported by the 1D MA100 and the only confirmation left to form an identical pattern with that is for the 1D RSI to complete a Bullish Cross. As you can see, that has historically been a very reliable buy signal. Our Target is 19300, which is marginally lower than the previous +8.80% Bullish Leg, but almost exactly on the Internal Higher Highs trend-line. ------------------------------------------------------------------------------- ** 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 Seeking the 4H MA200 for buyersThe S&P500 index (SPX) got rejected at the top of the 2-month Channel Up that started on the April 19 bottom and is already below the 4H MA50 (blue trend-line). This is a sign of weakness for the short-term and based on the previous two times it did so, it might be accelerated. Technically, the market should seek the 4H MA200 (orange trend-line) as the Support, which is what took place on the previous Higher Low of the Channel Up on May 31. We are looking to turn bullish again close to the 4H MA200 and target 5650, which is not only at the top of the Channel Up but also below the 2.618 Fibonacci extension, which is where the previous two Higher Highs got priced. ------------------------------------------------------------------------------- ** 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:US500
by TradingShot
1