USD/CAD SHORTUSD/CAD auctions lackluster below 1.2900 displaying a lackluster performance in the early Asian session, the asset is juggling in a minute range below the critical hurdle of 1.2900.
Wallstreet
NYSE - SwingTrading: updated WatchlistBear market surrenders ground; Is this just another bear market rally or is something really bullish going on here?
There's really only one way to answer it earnestly. Let the market and the stocks in your own portfolio decide .
Since the latest follow-through day took hold with a Day 5 rally in higher turnover on June 24, the major averages enjoyed one of their best rallies yesterday. The Nasdaq composite rolled 3.1% higher and lifted above its fast-declining 50-day moving average for the first time in roughly four months. Small caps performed even better with the Russell 2000 (IWM) ETF rising 3.5% on Tuesday in slightly higher volume vs. Monday. IWM also retook its 50-day line in a bullish style not seen since perhaps the middle of March.
All great sign that we either have a big bear market rally or even the start of a new bull market.
Swing-Traders should have started to test the market with pilot buys a few days ago and by now be invested by 30-50%. Let the stocks in your own portfolio tell you what to do next. Apply progressive exposure - increase your expoure only on the back of gains in your own portfolio.
Here is the link to our updated watchlist:
www.tradingview.com
All stocks on our watchlist fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have low risk entry points. Only the best stocks make it onto our watchlists.
S&P 500 Daily Chart Analysis For July 15, 2022 Technical Analysis and Outlook
The S&P 500 market played out our down move to Mean Sup 3787 (See: S&P 500 Daily Chart Analysis For July 8). Currently, we have an upside momentum, and a retest of Mean Res 3912 is imminent, with a possible extended target to Mean Res 3940. Nonetheless, after that, the market will take us back to the Mean Sup 3787, completed Outer Index Dip 3728, Key Sup 3666, and very Next Outer Index Dup 3530 - this is a forward-looking mark.
BTC BACK TO $10K AROUND AUG/SEPT- I personally BTC and ALTS will have one last pullback, before we recover and start a steady uptrend by JAN 2023!
- NOT FINANCIAL ADVICE!
EURUSDIf the specified support breaks, after confirmation, we can enter the short position
The next target has been identified
eurchfIf the price crosses the specified resistance, we can enter a long position after the pullback
S&P 500 Daily Chart Analysis For July 8, 2022 Technical Analysis and Outlook
The S&P 500 market played out our down move from Mean Res 3912 (See: S&P 500 Daily Chart Analysis For July 1). Currently, we have a down move target specified at Mean Sup 3787, with a possible extended target to Key Sup 3665. However, if all fails, the market will take up the Inner Index Rally 4120 - Major Key Res 4177 is also a forward-looking mark.
WOW RIGHT ONCE AGAINWe have been seeing crazy trading success lately!
SPY and the general etf and index market alone have been showing some struggle all day long. Today just market a huge double top on every time frame under the daily. This is crazy! This is confirmed by an ascending wedge pattern that looks beautiful on the hourly and 30-minute chart. If this isn't a double top, then this is a cup and handle. Half the base to the handle is 8.25 up from the peak putting our estimates at 381.87 a previous support.
GOOD LUCK BYE BYE MARKET>
WallStreet Trading: Watchlist UpdateStock Market Bounces Sharply As Oil Falls Below $100 - This is a bullish signal!
The Nasdaq composite and S&P 500 opened with losses of roughly 2% but battled back to erase most of the damage or even finish higher. The S&P 500 rose 0.2% and closed at session highs. Energy stocks and some cyclicals suffered severe losses.
Overall, Tuesday's session was a good step in the right direction for the bulls. This is nuanced but action under the hood was constructive and the Nasdaq looks to have had an accumulation day albeit on below avg volume.
Watch out for valid Follow-Through-Days (according to IBD's definition) which would be a further bullish indication.
Here is the link to our updated watchlist:
www.tradingview.com
Keep an eye on the sectors health technology and retailers. Many stocks in these sectors are setting up low risk entry points, or even have broken out already. These sectors might be leading the next bull market cycle.
Risk remains high in the current stock market environment so take one step after the other before you significantly increase exposure. Apply the concept of progrssive exposure and only step up if the first pilot buys are working.
WallStreet-Trading: Buysignal AJG
The stock AJG on our US watchlist just broke out of a sound base and triggered a buy signal. We are adding a 1/4 position of AJG to our US model portfolio.
All stocks on our watchlist meet the criteria according to Mark Minervini's trend template and have sound fundamental data.
WallStreet-Trading: Buysignal NBNThe stock NBN on our US watchlist just broke out of a sound base and triggered a buy signal. We are adding a 1/4 position of NBN to our US model portfolio.
US Equity Indices Decline With Treasury Yields in Midday TradingThe Dow Jones Industrial Average dropped 0.5% to 30,623.2, with the S&P 500 down 0.5% to 3,766.4 and the Nasdaq Composite 0.6% lower at 10,961.6. The energy, technology, and communication services sectors were among the worst performers, while real estate and utilities led the gainers.
US 30: Intraday Technical Analysis
The downtrend is still strong in the DOW industrial index. My idea is that the price action will take a strong dive if the inflation data is not good which is due today. My goal for today is short with short term and long term . My target is entry at 31000 and 30900 with a small layer at 30700 to avoid fomo. My target for intraday is 30500 and 30300. While in long term intraweek I am targeting 29600.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30 : Intraday Technical AnalysisThe US30 cash index took rejection from 31700. As mentioned earlier my idea for this week for US30 is short only at strength. The price is taking rejection at 31700. My idea is to take position at 31700 after rejection and then my goal for intraday is 31300-31400.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
BTC 1W Chart UPDATE FOR LONG TERMBTC/USD NOW,trading between 19k to 21k area.
Lot 0f people talking about 12k area.I also think it will touch 14k-12k area to complete its cycle according to previous history.
But now it could hit 28k to go back 14k-12k area.
We will see a good bounce back from this are(14k-12k).
after this bounce back we will see new ATH which would be 80k+.
During this bounce back BTC directly go toward 48k-51k area than a retest could happen toward 41k.
if IT hold 41k support than It will move toward 65k area.
After retesting 60k-61k we can see new ATH.
This cycle could be completed in 2 or 3 years.
NFA.
THANK YOU,
US30 : Intraday Technical AnalysisThe price action of US30 will try to break the trendline resistance and 50% retracement level between 30300-30350. My idea for intraday is that the price action of US30 may test the support of 30000 once again with false breakouts further deepening the retracement . My idea is to enter after support of 30000 to 30300 with a target of 30350 for entries at 30000 and 30450 for entries above 30300.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
NZDUSD LongNZDUSD currency pair has long confirmation. As we see buyers are active after breakdown of the consolidation. Risk reward is 1/2. Good luck!
US30 : Intraday Technical AnalysisThe US30 took a huge dive after bein unable to cross the barrier of 33300. The downward move was triggered by the worst than expected inflation data from United States of America indicating a possible hawking monetary policy in near future. My idea is that the price action of US30 will now move towards the support of 30600, the price is expected to break the support, my strategy on US30 is still sell on strength with entry at resistance of 31000 and target the support of 30600.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
#US30 #DOW #wallstreet #cashindices
AGIX TO DO A 675X- Sounds CRAZY right?
- However go look at these assets they all peaked to the 89 FIB extension: Telcoin, Bitcoin, Ethereum, XRP, DOGE, XLM, SOL and many more.
- AGIX is going to do really well, ARTIFICAL INTELLIGENCE IS THE FUTURE!
- AGIX today is sitting at around £0.0389!
- $33 (£27) - £27 divided by £0.04 = 675
- Now imagine you dollar cost averaged in at £100 a month at £0.04 in 5 months you would have around 12,500 AGIX as long as it stays at that price.
- 12,500 X £27 = £337,500!!!
- NOT FINANCIAL ADVICE!
US30 l DAILY l OUTLOOKAs Day Traders we don't care which way the market goes. If its a bull market or a bear market. We solely look to capitalize on either direction the market goes.
Major support areas
1. 30650
2. 30120
3. 29600
Each of these levels allocated a bounce, support, and resistance before all time highs were broken.
DAILY TAKEAWAYS:
1. 200 MA clearly broken
2. BOS / support & resistance zone clearly broken.
3. Bullish hammer pattern bounce last time off of 30650. Traders are going to be targeting this area. I wouldn't expect a major bounce just a short pullback.
BTC heading down to 18-20K When you have MULTIPLE confluences in SAME PLACE that could lead to high probability scenario.
Those confluences that make MACRO and short term outlook on BTC so bearish are :-
1) LOG REGRESSION CHANNEL :-
2) Target of bear flag is just at that major support zone which coincides nearly with PREVIOUS ALL TIME HIGH as well.
3) As per wall street chart, it seems to ME that we are in ANXIETY Phase and slowly moving towards Denial Phase
pbs.twimg.com
4) ALSO MANY bought BTC ABOVE 30K. They would be BAGHOLDING BTC NOW.
**THIS IS A WARNING**
DANGEROUS TO SHORT FROM LOWS. BE WARNED.
PREVIOUS IDEAS :-
1) Short idea for BTC :-
2) updated views on BTC :-
3) ETH IDEA :-
ALSO, NONE OF THE ABOVE IS A FINANCIAL ADVICE. IT IS MERE MY OWN SPECULATION AND IDEA. DOYR.
S&P 500 Daily Chart Analysis For June 10, 2022 Technical Analysis and Outlook
The index bounced between our Mean Sup 4088 and Key Res 4177. But from the Wednesday session, all went downhill, as shown on S&P 500 Daily Chart Analysis For June 3. Critical Key Sup 3860 and low 3810 are the following targets: The ultimate Next Outer Index Dip 3640 is the primary mark. Short-term rallies are expected.
