Wallstreet
NASDAQ 100 TRADE IDEANasdaq 100 ended the trading week on Friday with strong bearish candles after giving bullish candles at the open of the NY trade session and later retrace to the downside breaking the support zone. We should see more bearish move before the NY session today and later have strong bearish candle after price has taken resistance. Also the on going conflicts between two major countries should show a strong decline to stocks soon.
DOW JONES TRADE IDEADow Jones ended the trading week on Friday slightly bearish after giving strong bullish candles at the open of the NY trade session and later retrace to the downside. We should see more bearish move before the NY session today and later have strong bearish candle after price has taken resistance. Also the on going conflicts between two major countries should show a strong decline to stocks soon.
S&P 500 Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
The Spooz index price exceeded our previous Mean Resistance point of 4336 and closed at the location of a notable event. The recent downward trend suggests that the Mean Support level of 4294 may be reached, with a possibility of extending to the Mean Support of 4228 or even the next Inner Index Dip at 4150. If the index finds support at 4294, it may move up to the newly established Mean Resistance at 4378.
Wall Street Memes (WSM) (1h) v2Below is the prediction on the 'wallstmemes' token ( OKX:WSMUSDT ).
Timeframe: 1h
The main supports and resistances are indicated in the idea: the most important one, reached on October 3, is $0.0417; the second one, touched on October 6, is $0,0470.
Technical analysis isn't so bullish, but...
Assuming the listing of new tier 1 exchanges such as Binance, Coinbase (there have already been exchanges on etherscan), Bybit and Kucoin, the capitalization of the token could exceed that of Pepe in its ath.
WSM's marketcap is 100mln rn: could it reach 500mln?
S&P 500 Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
The index's downward trend this week kicked on the seat of the pants of our projected target, Inner Index Dip 4212, repeatedly. Mean Res 4340 and even extend to Mean Res 4400 on the radar for the upcoming week's trading action; however, reignited Pivotal Down Move from Mean Res 4400 could weed out weak trading trawlers.
SP500: Consolidation in Short Term?Hi Traders!
Medium and Long-Term Trends are bullish, but in short term SP500 could remain bearish even after a pullback. If we look at daily chart, the Price Action is approaching an important support area around 4,305, if from here it triggers a bullish leg, it's possible a harmonic structure formation (for us, bearish). Having said that, we have a first Target Area around 4,275 and subsequently 4,220.
Trade with care
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NAS100 TRADE IDEANasdaq 100 began the trading week with strong sell candles and eventually enters a bullish trend at the open of the New York trading session yesterday. We have NFP on Friday so we should expect high volatility at any point in time this week and trade with strong risk management. Nasdaq 100 closed slightly Lower yesterday with bearish candles. We should see strong retracement to the upside after a retest to the downside before or after the open of the NY trade session.
DOW JONES TRADE IDEADow Jones began the trading week with strong consolidations ranging from buy candles to sell candles. We have NFP on Friday so we should expect high volatility at any point in time this week and trade with strong risk management. Dow Jones closed Lower yesterday with bearish candles. We should see strong retracement to the upside after a retest to the downside.
SPY 30th Sep,2023 WEEKLYThis is my weekly analysis for SPY.I have clearly explained what price is willing to do and trust me there is no rush to push trades on yourself. Just wait for the right opportunity.
If you have any doubts feel free to shoot me a text.
NOTE: STAY AWAY IF YOU ARE NOT SURE ABOUT THE MARKET
S&P 500 Daily Chart Analysis For Week of September 29, 2023Technical Analysis and Outlook:
Based on this week's trading action, the Inner Index Dip 4212 seems to be experiencing a bias to a continued downward side pattern. The Mean Sup 4246 is playing a crucial role in holding the price. But, there's a chance that the market could rebound to Mean Res 4340 and even extend to Mean Res 4400 on the upside potential.
XOM, HUGE WAVE-EXTENSIONS, Oil-Market View, UPCOMING TRENDS!Hello There!
Welcome to my new analysis about XOM on several timeframe perspectives. The oil market has shown up with a massive pullback to the downside since the war developments have put heavy pressure on the whole oil market and drove the supply rally within the market. Since then the market managed to recover with a substantial rally moving into new all-time-highs and is actually forming a massive gigantic formational-structure here from where the market is setting up further determination dimensions.
Currently XOM is forming a continuation-formation on the local timeframes which is an crucial wedge-formation, and this wedge-formation has a increased potential to complete within the next times. Once this formation has been completed the targets as mentioned in my analysis are going to be activated. From there on the volatility within the market has to be determined further and if the already established XOM developments hold on there is an increased possibility for the market to continue into the already established direction.
XOM being the largest market-cap stock within the oil market sector is driving the oil market and wall street developments of oil stocks increasing by over 60%. The fact that the oil market could recover from the main war shocks that showed up with massive bearish pullbacks within the whole market does not mean this holds true for the whole stock market because there are sector stocks within the market that actually show greater bearish inclinations. In this case it will be highly determining on how the whole oil market actually continues and if the established dynamic holds on for this sector stock.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
S&P 500 Daily Chart Analysis For Week of September 22, 2023Technical Analysis and Outlook:
In this week's trading, all our targets on the downside were hit: Mean Sup 4435, 4370, as well as the completed Inner Index Dip 4340. Currently,
we are expecting a rebound to Mean Res 4370, with a possibility to extend to Mean Res 4415. The possibility of reinstating down movement to Inner Index Dip 4212 is in the making.