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6500 Points! Are you a believer? 🇺🇸Happy Labour Day! The Japan-based holding company, Soft Bank, reportedly purchased billions of dollars worth of equity derivatives in the United States, triggering a month-long rally in technology stocks. The surge in call option trading has surprised even market veterans who specialize in derivatives. Research by Goldman Sachs has shown that on a daily basis, the total value of call options traded on individual Wall Street technology stocks averaged $335 billion in the past two weeks alone, three times the moving average in the 2017-2019 period. This contributed to a sharp overheating of the indices, resulting in the impulsive sell-off that started last week. Even though the S&P500 is set up for a correction, longer-term, the index will reach significantly higher prices. Our target in the S&P500 remains in the area of 6500 points. Afterward, it´s time to brace yourself and buckle up for the next big sell-off.
OANDA:SPX500USD
by MarketIntel
3
Shanghai: Still some upside before profit taking kicks in.SHCOMP has formed a Golden Cross on the 1D chart turning vastly overbought (RSI = 89.841, MACD = 105.710, ADX = 52.201). Last time that took place within the long-term Channel Up that started in January 2019, the market consolidated for a few days and delivered a last peak in a month. The MACD has entered into this red Resistance Zone of the 2019 consolidation, so there are high probabilities that investors won't close massively positions and let profits run a little higher towards the 3,580 2 year Resistance (January 2018 Top). ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
S
by InvestingScope
1
DAX: Sell opportunity if the Support breaks.DAX is trading within a Rising Wedge on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line, the technical indicators are neutral (RSI = 45.750, MACD = 8.800, ADX = 19.431) as the Support Zone hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th. Both of those sustain the uptrend. If however the Support breaks, we will take the opportunity to short towards the next Support level. Our Target Zone is 9,500 - 9,300. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!Short
by InvestingScope
Back to the past - 2008 - is this our future?In this educational post, I look back to 2008 to get a rough idea what may be in store for us in 2020. This is a cautious exploration because what happened in 2008 was very very different to what's happening today (though there are many similarities). This post does not exclude the possibility that the US and other stock markets may recover totally and head to the moon. Possibility is not the same as probability. How? It's possible that the sun may rise in the West tomorrow morning, but that is highly improbable. Technical analysis is a good thing, but relies totally on historical price movements. Ultimately technical analysis is not immune to the real-world issues that affect price. The world is moving into a 50-75 year cycle for depressions - which is very different to the 10 year cycle for recessions. Do NOT be influenced to make trading decisions based on this post. You have been told.
OANDA:US30USDEducation
by Captain_Walker
General Electric: New Bull Cycle starting.GE is on Higher Highs on the 1W chart for the first time since August 2016. That was the last peak before a strong 2 year bear cycle hit the company. As you see on the chart General Electric's trend is a parabolic Channel starting with the All Time Highs in 2000. This long term curve has entered its asymptotic phase and may initiate the recovery back to the ATH. At this stage however we choose to focus on the next Bull Cycle which based on the following parameters is about to start: * As mentioned Higher Highs on 1W. * RSI on a Channel Up. * Long term support at 5.50 holding. A Golden Cross will simply confirm the new Bull Cycle. We are still in the early stages, GE is an excellent long term investment for your portfolio. Our Target Zone is 28.00 - 32.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:GELong
by InvestingScope
5
Dow Jones: Buy opportunity on a pull back.DJI is trading on a 2 month long 1D Channel Up (RSI = 67.760, MACD = 270.600, ADX = 45.275, Highs/Lows = 174.000) that seems to have reached an inner peak. With the RSI on the 4H chart also on the Resistance Zone, we are expecting a minor pull back that will give us the opportunity for a long position. The current Support Zone is 28,900 - 29,010 with 28,700 as the last resort since the MA50 (4H) is there. Our TP is 29,600. Attention is needed as a break below the 4h MA50 risks testing the MA200. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:DJI
by InvestingScope
S&P: Sell opportunity if the Channel Up breaks.SPX is trading within a 1D Channel Up (RSI = 64.687, MACD = 28.070, ADX = 51.456, Highs/Lows = 0.2723) since the October 3, 2019 bottom. There is however one bearish divergence signal that calls for a sell towards the 3,070 1D Support if the 1D Channel Up breaks to the downside. That signal is the RSI which is trading sideways (at best) on a pattern that resembles a lot the January - April 2019 Channel Up. That pattern also had the RSI trading sideways despite the price making Higher Highs on the Channel Up and eventually failed to sustain it, broke downwards below the 1D MA50 (blue line) and found Support on the previous Higher Low. If the same pattern is repeated then S&P should seek the 3,070 1D Support. We are waiting for such pull back for our next long term buy position. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Short
by InvestingScope
Nikkei: Potential pull back towards the 1D MA200.Nikkei has been on a strong 1D uptrend since the August rebound on the 20,115 1W Support and just recently 1D turned neutral (STOCHRSI = 53.869, ADX = 18.607, Highs/Lows = 0.0000) showing possible signs of exhaustion. The 1D RSI is on a bearish channel, diverging from the price action and that could be a first sign of a short term trend change. We have traced this behavior back on the last time NI225 had a Golden Cross bull run of a similar pattern and that was in late 2016 - early 2017. After the bull run took a pause on January 2017, the RSI also printed a bearish divergence and the index consolidated for roughly 2.5 months before pulling back towards the 1D MA200. That was the first important test of that uptrend and was successful as the price rebounded on the 1D MA200 which acted as a Support all the way until the January 2018 High. We are expecting a similar behavior this time also and advice investors to wait for a pull back near the 1D MA200 before buying again and target the 24,450 1M Resistance. We want to point out at this stage that Nikkei's horizontal levels have been working well enough on the long term and this is what helped us buy the pull backs on the Support Zones before, as you see on the chart below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:NI225
by InvestingScope
1
VIX: Aiming below the DMA50.The Volatility Index is currently pulling back on 1D turning neutral again (RSI = 51.020, Highs/Lows = 0.0000) with MACD still bullish (0.780) but decelerating as it approaching the 1D MA50. Based on a similar pattern in 2018, the index should break below and consolidate for the next 2 months restoring stability back on the markets. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOE:VIXShort
by InvestingScope
Have we missed the big picture on stocks?This study focuses on the very long term trading chart of Dow Jones since the Great Depression in an effort to determine if stock holding remains safe following the markets cyclical correction since last September. So far during each of the post war bull cycles every cyclical correction within the channels was supported on the previous Higher High. The only exception was 1990 but was reasonable due to the 87 flash crash of Black Monday. The growth and duration of the current bull cycle (following the sub-prime crisis) is calculated on the average values of the previous too, although based on the relative ratios, each bullcycle may tend to be more aggressive and grow more and each consolidation/ bear cycle shorter in duration. What those metrics show is that the current cyclical correction should not exceed 18500 and if this low is made it should be inside 2019 and start recovering towards the end of the year. Quarterly investors can look to allocate 50% of their portfolio on the current prices and the other 50% close to 18500, in preparation for the second phase of the current bull cycle. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
DJ:DJI
by InvestingScope
32