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Trading Plan for Monday, April 8th, 2024Trading Plan for Monday, April 8th, 2024 Market Sentiment: Bullish with potential for volatility as CPI data approaches. Important Note: CPI data will be released later this week. Expect outsized moves and potential traps. Prioritize risk management and adaptability. Key Supports Immediate Supports: 5246 (major), 5230-34 (major), 5221, 5212, 5207, 5203 (major), and others. Major Supports: 5196, 5191 (major), 5181, 5179 (major), 5172, 5162 (major), 5155, 5144-46 (major), and many more. Key Resistances Near-term Resistance: 5255 (major), 5263, 5270 (major), 5279, 5287, 5292 (major), and others. Major Resistances: 5302, 5308 (major), 5311, 5316, 5321, 5329-32 (major), and more. Trading Strategy Defending Support: The 5230-34 zone is crucial for bulls. Holding this level signals potential for an upwards move toward 5287-92, with possible profit-taking dips along the way. Long Opportunities: Focus on the 5230-34 zone (if today's high remains unbroken). In case of a breakdown, use extreme caution and target major supports like 5203 and 5191. Look for failed breakdowns and reclaims as potential long entry signals. Shorting with Caution: Shorting into strength within bull markets is inherently risky. If considering shorts, the best area is the 5287-92 zone (red downtrend channel), with another potential reaction at 5270. Bull Case Holding Strong: As long as 5230-34 support holds (ideally with a minor dip promptly bought below 5203), the path is open to 5287-92. Expect another dip there before potentially reaching new all-time highs. Ultra Bullish Scenario: If bulls hold above 5246 and buy any small dips, this signals strength and could lead to potential adds. Bear Case Breakdown Signals: If 5230-34 fails, the bear case activates. Since most breakdowns trap, look for a bounce/failed breakdown first, then consider short entries with level-to-level profit targets. News: Top Stories for April 8th, 2024 Stock Market Outlook S&P 500 hits record highs, strong Q1 performance increases bullish sentiment. Reduced recession fears and potential Fed pivot drive positive outlook. April historically favorable for the S&P 500. Analysts forecast strong earnings growth with significant upside potential. Corporate Earnings Intel's Q1 2024 financial results release set for April 25th. Perion Network updates guidance, increases share buyback. Economic Indicators Q4 GDP growth remains solid despite high interest rates. Bond market signals potential Fed rate cuts as early as June. Trade deficit widens, while manufacturing data shows strength. Technology Sector Modest growth expected in 2024, with IT investment plans. AI, cloud computing, and cybersecurity to drive tech spending. Other Corporate and Market News Nvidia's strong performance continues in AI chip market. Tesla faces challenges in China, automotive growth slows. Boeing impacted by quality control concerns. Upcoming Events Tech conferences including Google Cloud Next and ODSC East. Women in Tech Global Conference highlights industry leaders. Reminder: The CPI release this week will likely cause significant volatility. Adapt your trading accordingly, with an emphasis on reacting to price action and prioritizing risk management.
CME_MINI:ESM2024Short
by spytradingpro
MPC - Bulls Already In Control 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 According to our latest analysis, M PC rejected the $0.3 round number and subsequently broke above the last major high in red. Therefore, the bulls have already taken over. 📉 MPC is currently in a correction phase, retesting the red structure. 🎯 For the bulls to regain control and initiate the next upward impulse movement, leading to a continuation towards the $0.525 resistance, a break above the last minor high in orange at $0.42 is required. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
KUCOIN:MPCUSDT
by TheSignalyst
6
The TradingView Digest - April 8thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a write-up on Tesla, an informative post about Keltner channels and Bollinger bands, a hot script on trailing stop management, and all the latest headlines, earnings, and economic events. We hope you find this week's edition exciting and engaging. Let's dive in! 😀 💡 Tesla Stock Down 30% This Year. What Happened to the EV King? - by TradingView The electric-car maker is in dire need of charging after losing more than $260 billion this year and turning Elon Musk into the biggest loser among the world’s wealthiest. Tesla stepped into 2024 as the world’s largest EV seller with a valuation of more than $780 billion. None of that is true today. 💡 Keltner Channels vs Bollinger Bands - by FXOpen If you're a trader, you likely know that indicators are valuable tools for identifying trends and determining entry and exit points. Two popular indicators are Keltner Channels and Bollinger Bands. Both help measure volatility, but which one is better? In this article, we'll delve into the differences between the two, explain their components, and discuss which one is best. 🔝 Top Stories 📰 U.S. March Nonfarm Payrolls +303K; Unemployment Rate 3.8% 📰 Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal 📰 Gold Shines Above $2,300, Ends Another Week At Record High 📰 Solar Eclipse On April 8 Could Give Whopping $1.5 Billion Boost To Businesses 📰 New users flock to Ethereum while long-term holders are less active than ever 💵 Earnings highlights from the previous week: 💲 Levi Strauss (LEVI) Q1 Earnings and Revenues Surpass Estimates 💲 BlackBerry reports surprise profit on demand for cybersecurity services 💲 Conagra (CAG) Q3 Earnings Beat, Organic Sales Decline Y/Y 💲 Lamb Weston (LW) Q3 Earnings Lag Estimates, Guidance Lowered 💲 Greenbrier 2Q Revenue Declines But Beats Wall Street's Forecast 💡 Nvidia - Entering a Bear Phase! - by basictradingtv For more than 6 years, Nvidia stock has been trading in a long-term rising channel formation. The last retest of support occurred in 2021, followed by a +650% rally to the upside. As of now, Nvidia stock is retesting the upper resistance of the channel, and we might see a short-term correction towards the downside to retest the previous all-time high. 💡 Don't Get Duped by the RSI - by ParabolicP The Relative Strength Index (RSI) is a common technical analysis tool used by traders to gauge whether an asset is overbought (priced too high) or oversold (priced too low). It analyzes price movements over a specific period (often 14 days) and displays a score between 0 and 100. Generally, an RSI above 70 suggests an overbought condition, while an RSI below 30 suggests an oversold condition. 📆 Economic Calendar ⚡️ April 10th (United States) — Core Inflation Rate YoY ⚡️ April 10th (United States) — Inflation Rate YoY ⚡️ April 10th (United States) — FOMC Minutes ⚡️ April 12th (United States) — Michigan Consumer Sentiment Prel ⚡️ April 16th (China) — GDP Growth Rate YoY 🔥 What's New? ✅ New chart type — Volume candles 🌟 Script of the Week 📜 Trailing Management - by Zeiierman This tool provides an automated and visual approach to trailing stop management, aiding in systematic decision-making for trade entries and exits based on risk-reward metrics. 💭 Our Weekly Thought: “The trend is your friend.” We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below. 💖 TradingView Team 📣 Want to be among the first to know all the news? Give us a follow !
COINBASE:BTCUSD
by TradingView
7
TRBUSDT - market is at EDGE. What's next?#TRBUSDT... market very well holding his bottom as you can see our last idea about TRBUSDT, We were mentioned that support and market very well hold and placed around 103 105 high.. So guys thing is that we have same supporting area for now again and still valid in weekly and monthly chart.. Keep that supporting region and untill market hold that supporting region , there is no selling confirmation .. Buy only above that region with stricted stop.. Good luck trade wisely
by AdilHussain731333
ES1! S&P500 PREPARE NEXT WEEK - IMPORTANT PRICE POINTS - DAILYThanks a lot you the likes, really appreciate! It is not financial advice just recreational trading idea sharing ____________________________________________________________________ - 5332.5: price point identified as potential optimal entry for short direction trade. Depends on the velovity of the market when if hitting that price point again. - 5168.75 to 5190.75: probable important zone where the price can pullback up or break with strength. - 4938.25: Possible down important price point as we can only look behind and in prices lower than the actual price. Above the actual price it is not possible to see where the market can go. So market will do what it has to do if evolving above 5332.5 . - Some other zone down there but it is not to analyze yet has there is too many important price points above it. Probably observing what the market does from Monday to Wednesday and see which entries can be done on Thursday/Friday for next week.
CME_MINI:ES1!Short
by Diallo_Charts_Ideas
Trading Plan for Friday, April 5th, 2024Trading Plan for Friday, April 5th, 2024 Market Sentiment: Extreme volatility expected due to the recent selloff and NFP data release. Caution and adaptability are crucial. Important Note: Nonfarm Payrolls (NFP) was released at 8:30 AM (EST). Expect outsized moves and volatility. Avoid predictions, and look for failed breakdowns as potential trade entry points. Key Supports Immediate Supports: 5203, 5196, 5190, 5181-84 (major), 5177, 5171 (major), 5163, 5155 (major), 5146, 5142 (major), 5136, 5127 (major), 5115, 5102 (major). Major Supports: 5171, 5142 (important for long positions), and 5102 (major). Key Resistances Near-term Resistance: 5212 (major), 5221 (major), 5230, 5235, 5240 (major), 5250, 5257, 5266 (major), 5274, 5279, 5288 (major), 5294 (major), 5302. Major Resistances: 5257, 5266 (major), 5288 (major), and 5310 (major). Trading Strategy Knife-Catch Mode: Exercise extreme caution and use small position sizes. Longs ONLY at major supports, prioritizing 5181-84, 5171, and especially 5142. Consider longs after a failed breakdown and reclaim. Bullish Reclaims: If bulls regain 5212, watch for acceptance above this level before adding longs. Target level-to-level profits. Short Opportunities: Look for back-tests of the 5235-40 zone as potential shorting areas, as it hasn't been fully retested from below. Bull Case Support Holds: Bulls need to reclaim 5241 to maintain control and set the low. Moves towards 5265 and 5288 are possible if this occurs. Short-term, reclaiming 5212 is essential. Downside Magnet: If bulls make a strong move, 5143 is a significant downside target to watch. Bear Case Resistance Rejections: If bulls fail to retake 5212, expect a retest and rejection. This could open up a move towards 5194 for potential short entries (only if a bear flag establishes between 5212-5196). News: Top Stories for April 5th, 2024 U.S. Jobs Report Strong March jobs report with 303,000 positions added. Unemployment rate down to 3.8% shows continued labor market resilience. Impact on Fed's rate decisions uncertain, as wage growth easing. Corporate News Johnson & Johnson's $13.1 billion acquisition of Shockwave Medical announced. Updates on Telecom Italia financing and China Oilfield Services operations. Market Performance S&P 500 hits all-time highs in March, strong Q1. Nasdaq-100 projections point to good performance for 2024, with specific stock highlights. Global Economic Indicators Japan monitors volatile Yen movements. Disappointing German factory data raises slowdown concerns. India's strong economy leads to stable interest rates. Energy Sector Oil dividend stock recommendations for April. Shell's gas output exceeds guidance. Monetary Policy & Inflation Fed remains inflation-focused, considering mid-2024 rate cut. Developed market inflation expected to ease toward 2024 end. Geopolitical Concerns Questions emerge about reliance on U.S. nuclear capabilities. U.S. strategic moves in managing China's growing power. Technology & Disinformation Chinese AI-powered campaigns targeting U.S. voters & Taiwan. Market Outlook J.P. Morgan sees a challenging 2024 ahead due to economic slowdown potential. Overall positive 2024 outlook for U.S. stocks, experts discuss valuations and rate forecasts. Reminder: Expect high volatility tomorrow due to NFP data and the recent sell-off. Adapt your trading size accordingly (1/4 size recommended). Focus on reacting to price action over any predictions.
CME_MINI:ESM2024Short
by spytradingpro
Trading Plan for Thursday, April 4th, 2024Trading Plan for Thursday, April 4th, 2024 Market Sentiment: Uncertain, as traders weigh consolidation signs against the underlying bullish trend. Weekly Volatility Risk: High (consolidation phase, earnings, Fed uncertainty) Key Supports Support Levels: 5266, 5257(major), 5246, 5241 (major), 5235 (major), 5231, 5222 (major), 5212 (major), 5208, 5203, 5196, 5192 (major), 5181 (major), 5171, 5163 (major), 5155, 5148, 5137 (major), 5126 (major), 5120, 5115, 5109 (major), 5105, 5092-95 (major) Key Resistances Resistance Levels: 5274, 5279 (major), 5285 (major), 5294, 5298-5302 (major), 5308, 5315 (major), 5322, 5329 (major), 5341, 5347, 5354 (major), 5363 (major), 5372, 5380 (major), 5392, 5400, 5408 (major), 5416, 5423-26 (major), 5435, 5447 (major) Trading Strategy Consolidation Zone: We're likely in a consolidation phase between 5241 and 5279. This requires flexibility and adaptability – overly aggressive trading will likely be punished. Supports: Look for potential long opportunities at 5257 (if today's high isn't broken), with stronger plays at 5246 or the 5241-35 zone. Be cautious with longs above these levels. Resistances: Shorting resistance areas carries risk in a bull market. Consider shorts near the 5298-5302 zone, primarily for scalps. Breakdown Watch: A decisive break below 5235 activates the bear case, triggering breakdown setups. Remember, breakdowns often trap traders – patience is key. Look for a failed breakdown (rejection and recovery), then consider shorts with level-to-level targets. Bull Case Holding Support: As long as 5241-35 holds, bulls maintain control. Consolidation between 5241-5279 likely, followed by a potential breakout above the 5298-5302 zone. This could lead to retesting 5315+. Expect Consolidation: We may not immediately reach new all-time highs. Be prepared for an extended consolidation period before the next push higher. Bear Case Key Breakdown Level: A strong break below 5235 signals a bear move. Look for failed breakdowns and bounces as shorting opportunities. Exercise caution due to the potential for traps. News: Top Stories for April 4th, 2024 Federal Reserve Outlook Fed signals continued focus on rate stability rather than immediate cuts. Concerns remain about the potential impact on equities in the long-term. Cryptocurrency Market Dynamics Bitcoin surpasses $70,000 with continued bullish momentum. Approaching Bitcoin halving sparks interest in the sector. Global Economic Indicators Eurozone growth strengthens, while major economies like Germany & France lag. Inflation remains a concern, influencing the potential for rate adjustments. Financial Services Sector Outlook remains positive for financial stocks, with specific recommendations. Increased focus on weathering rising interest rates & long-term market resilience. Additional Market Updates Risk-off sentiment following natural disasters in Asia. Eurozone inflation data signals the potential for ECB rate cuts. Warnings & Opportunities Analysts express caution regarding select financial stocks before a potential crisis. Technology continues to disrupt finance, with evolving focus on AI and blockchain within the space. Important Reminder: Despite the potential for short-term pullbacks, the main trend remains bullish. Consolidation is likely. Prioritize adaptability, risk management, and reacting to the price action rather than relying solely on predictions.
CME_MINI:ESM2024
by spytradingpro