MSFT - Long PositionDivergence indication signals suggest bullish change in momentum.
Candlestick momentum shows a potential bullish hammer. The underlying stock price presented in the form of candlesticks seems to be reversing in line with its moderate 0.38 weekly support level. A bullish hammer can be identified within the down trend, a bullish hammer suggests that there will be a change in momentum.
When applying a weekly and monthly ranged Fibonacci, investors can see that this potential bullish hammer is occurring in line with its moderate 0.38 support level. However, when looking at the 1-month ranged Fibonacci investors are wary given that the stock is trading close to its central 0.00 pivot level.
EMA indicators suggest the stock is undervalued given that the underlying stock value is currently trading below all 20-, 50-, 100- and 200-day EMA averages. Furthermore, the crossover of 20- and 50-day EMA lines is a buy signal.
Based on these undervalued signals, we anticipate the stock to correct towards a stronger resistance.
Usa500
MSFT - Long PositionDivergence indication signals suggest bullish change in momentum.
Candlestick momentum shows an inverted hammer signal. The underlying stock price presented in the form of candlesticks seems to be stabilizing in line with its strong weekly support level. This suggests that the bareish sentiment is changing and loosing momentum. Inverted hammer, whist not as reliable as a Hammers, still certainly suggest that bullish momentum is likely.
When applying a weekly and monthly ranged Fibonacci, investors can see that this inverted hammer is occurring in line with its strong 1.00 support level. However, when looking at the 1-month ranged Fibonacci investors are wary given that the stock is trading in line with it’s weaker 0.22 resistance level.
It´s important to consider that the end of July and August has seen bullish rallies. The underlying stock value of MSFT has risen above 10%. This was after bearish momentum that began on 16/08/22. Before this underlying stock prices had risen as much as 20% between 26/07/22 and 15/08/22.
All things considered, we are bullish in sentiment. We anticipate the price of MSFT to reach it´s weekly central 0.00 Fibonacci pivot.
SPDR S&P 500 ETF - Bullish PositionCurrently trading below 20 and 50-day EMA moving average investors can see that the underlying share price of SPDR S&P 500 ETF Trust is undervalued. Valued at $413.58 SPDR S&P 500 ETF Trust is trading in line with its 100-day EMA average, it’s important to mention that there is still a strong possibility that the stock will fall even further in line with it’s 200-day EMA before bullish corrections occur. Regardless these technical signals indicate to investors that we should anticipate bullish momentum for this stock.
When looking more closely at the stock and its performance, Fibonacci retracement pivot points shows investors that it’s currently trading at a strong support level of 1.00; further supporting this undervalued and bullish notion. Investors should anticipate corrections towards its resistance level. Investors should also take due care to the strong possibility that the bearish sell trend might reach a stronger support level before bullish corrections occur.
Based on the above technical indication, we have set a buy price in line with the Fibonacci’s lower 1.382 support pivot, in between 100- and 200-day EMAs. We have also set a sell price just above the 20-day EMA level. Based on Fibonacci, we have set a sell price in line with the central PP level, in between it’s resistance and support.
Microsoft Short PositionCurrently trading around $270, Microsoft is priced close to this month’s R1, PP1 pivot resistance level. Currently priced bellow this weaker resistance level the stock is trading above its central PP level. Furthermore, using a 20-day ranged Bollinger investors can see that the price currently lies just below its upper bound. In fact, the upper bound is equal to the R1, PP1 resistance level supporting a bareish sentiment.
Based on these signals, it would be reasonable to assume a bareish correction towards its support. However, it would also be reasonable to assume more bullish movement towards it’s PP1 resistance pivot before any bareish corrections were to occur. Based on buy trends represented by the green candles, it would seem as though there will be modest bullish movements before the stronger bareish corrections were to occur. This trend is represented by swing high and low patterns since the start of the year.
Therefore, we have set our purchase price in between the PP 0.5 and R1 resistance levels. We anticipate based on chart trends that the green candles will reach the price of at least $275 before any bearish corrections occur. The team have set a target price in line with the Fibonacci’s S1, PP 0.382 support pivot. The buyer should sell around $244.
Moreover, negative earnings are expected to be announced today. Therefore, expect bareish corrections in line with this report.
Zomato LTD - Short PositionHaving closed yesterday at a price of $43 the price has seen buying momentum throughout the week as represented by the daily green candles.
When taking a broader picture, the golden lines present the swing low/ high points since the start of 2022. This shows an incredibly greater resistance to the short-term buying trends like those presented in the past couple days and a far greater bearish momentum.
The data present monthly Fibonacci pivot levels. Currently priced at $45.5, the stock is valued moderately within its middle, S2 support level (PP 0.618).
The middle bound; P value is equal to $62. Based on the current macroeconomic climate and the stock’s previous yearly performance, the overall trends presented are bareish in sentiment. Therefore, it is unlikely for the price to reach this level by the end of the week. It is highly unlikely to reach its resistance. I anticipate the selling candles to begin to resist the green buying candles however I anticipate the green candles to reach at least $47.8 before this resistance begins to occur.
Therefore, our target is bareish and we anticipate the price to strengthen towards a greater support level. The target is in line with this month’s Fibonacci S3 (PP1 Pivot level). We have set the purchase price as $47.8, this allows a reasonable P&L level and Risk/Reward level.
S&P Breaking Key LevelPattern: Bearish Pennant
Trend: Bearish on the D and Bearish on the 4HR
Entry: Searching for cheap entry around the breaking level
Indicators: ATR, Moving Average
Position: Short
Levels:
* StopLoss: above the upper trend line on the pennant -4150.00
*TakeProfit: Retest of the previous low -3880.00
*RiskReward: 2
im not gonna trade on monday markets are in deep red and gonna open in deep red too so this time my personal view on the market will be like no trading on Monday.
Fridays USA markets were in deep red so we can see the panic in our Indian markets on Monday. so I personally would like to wait on the sideline for a better opportunity rather than jumping any other trades.
because markets are likely to open near our support and I don't short near supports.
BEST OF LUCK TRADERS.
SPX us500 Is The US market crash coming ? Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people generally refer to as a “crash” 2022 a new one ?
H&S Pattern has emerged on the Netherlands 25Pretty self explanatory, TP spot has been identified as the distance from the top of the head of the pattern to the base.
Inflation worries might be causing concern that the governments will be increasing interest rates to tackle which would obviously mean that the markets would react negatively.
Would only buy on the break of the base with a retest that confirms the structure.
XEL: 25% Chance !!!Here I have a long-term idea for you. A very long triangle formation was followed by a perfect breakout from the formation with a retest. The whole thing is accompanied by very high volume.
I hope you like the idea. If so, you are welcome to leave a like and follow me. I will post updates regularly!
I am not an investment advisor!
Are We Yet To Form Support?Weekly Time-frame
Bitcoin pump! Is this a sign for the rally to the upside? 82% of Bitcoin short are now in loss. Is this a sign to the upside or it will trigger a dump? We don't know. What we know today the Greed and Fear index is in #24. Which is Bullish.
1D Time-frame
Daily time-frame we have reach the bottom already. We can expect more to the upside. As our Awesome Oscillator are now in bullish twin peaks. We tried breaking the thin cloud as I have mentioned in the past that it will punch through this wall of resistance.
4H Time-frame
Awesome Oscillator (AO) is Super Bullish. The long wicks needs to be filled somehow so we have more to the upside. Once we break $39,235 it will fly again to the upside.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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S&P 500 to $3100-3300I think we are still in the third extended wave, we went to 4500-4600 as expected last year, now I wait for the correction to 3,100-3,300 range, After that next target is 4,900-5,000 finishing big 3rd wave.
RSI> Look at the bear divergence with RSI, this is one more signal for the cool down of the market.
US500 SPX hello receive a cordial greeting, you have at your disposal the supports and resistances of the S&P500 in the medium term.
As well as its channels.
I hope it will help you.
Sincerely, L.E.D. In Spain on 01/17/22
Possible Levels in case we observe a normal correction. S&P500 As you already know, EVERYTHING will tend to correct after a certain period of rising periods. This doesn't mean at all unnormal or apocalyptical forecasts.
So, if the index corrects, what can we expect?
Currently, the price is on the edge of the ascending trendline holding the ascending movement since March 2020. From here, we have two support levels that we think the price may reach If we observe a correction. First level 4000.0 - Second Level 3750.0. On each of them, we have shown the % decline, and we also have drawn a circle on the last correction to get an idea of the shapes we may observe and the durations.
Ok, and what if the correction doesn't happen? What can we expect?
In that case, we think it would be appropriate to see a breakout of the current channel (yellow lines), and if that happens then, the secondary yellow trendline has been working pretty well as a dynamic resistance zone. the target for that movement is 4700.0
How can I use this analysis?
That depends on your trading style. The main objective of our analysis is to define clear zones that we consider are paths of low resistance. So, the areas from level to level are appropriate for people trying to catch small trends. The levels themselves are good situations for reversal traders. Again, everything depends on your style.
What is our trading plan?
At the moment, we are not developing setups on the index; we must watch clear corrections before developing new trading opportunities (that's our trading strategy. Trade after corrections) So, the optimal scenario for us to trade would be observing the -9 or -14% correction. Paying attention to the shape of the structure and trade the breakout.
Thanks for reading! We hope this can bring better insight into your decision-making.
US100 - Nasdaq Initial Balance Rotation Day1. Market has gapped up in overnight trading and bullish moves accelerate on Non-Farm payrolls. NFP disappoints, so retail traders think the market should come down, as prices rise, they flip chasing the markets higher. When they are all fully long, the market makers pull their bids/support, when the overnight inventory/supply is bought up by the retail traders.
2. Now there is none to very little supply and the market makers have pulled their bids, there is nothing for aggressive market orders to buy into and no support underneath of continued buying, so the weak long traders try and close. The nearest bids are a lot lower now, so Nasdaq falls.
3. When the price has come back down far enough, the MM's put their bids back in, weak longs puke and are grateful to sell their position out to someone willing to buy. Buy the dip traders step in and market makers sell to these guys all the way back up to any remaining or new supply left at the day's highs.
4. A lot of volume comes back in at the return to the highs of the day and the Point of Control flips to these levels. MM's are fully short, all the supply has gone and there is nothing else for aggressive buyers to buy up. Lack of supply means longs start to close positions, and as MM's match up all their inventory all the way back down, weak buyers who bought the highs again puke.
5. Price returns to the Initial Balance lows, MM's have unwound their shorts, have matched their inventory. The overnight supply has been taken, so the job is done. The second bounce is the point where buy the dip and momentum traders come in and they run it a little higher into the weekend.
NFP was the excuse the market used to get up to the overnight supply orders, as there were no new sell limit orders put in at the end of the day we will have to wait to see what they do on Sunday night.
Possibility Of Bear Flag/Pennant Trade on SPXSPX seems to be showing a setup for a possible bear flag/pennant formation on SPX.
Entry for short will be around 3840. Stop loss roughly 10 usd above.
Schedule for this is today or tomorrow. Either way, should resolve by the weekend if I'm right.
I place the start of the bear flag 4th march at 0330 GMT because the MA's started forming the signature pattern at this point after a crossover to the upside.
Logically, that means we are currently in completion of the 2nd peak, with one more to form with the pattern predicted to resolve before the weekend.