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S&P500 (Bearish Correction Amid Fed impact)Technical Analysis The price has risen approximately 210 pips, as mentioned yesterday. Today, as long as trades remain below 5989, a drop toward 5931 is expected, followed by consolidation between 5931 and 5989 until a breakout. Alternatively, if a 4-hour candle closes above 5989, it would signal bullish momentum with a potential move towards 6021. Key Levels: Pivot Point: 5989 Resistance Levels: 6002, 6021 Support Levels: 5950, 5931, 5891 Trend Outlook: Bearish Correction previous idea:
OANDA:SPX500USDShort
by SroshMayi
#DXY 1DAYDXY Daily Analysis The DXY (US Dollar Index) is currently testing a key trendline support on the daily chart and has recently formed a bullish engulfing pattern near this support level. This combination of trendline support and a bullish engulfing area suggests a potential upward reversal, creating a favorable buy setup. Technical Outlook: - Pattern: Trendline Support with Bullish Engulfing - Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy near the trendline support and bullish engulfing area Traders may consider entering a buy position near this support area, targeting higher resistance levels. Additional confirmation from indicators like RSI indicating oversold conditions or MACD showing a bullish crossover can strengthen the signal and support the bullish outlook for the DXY.
TVC:DXYLong
by PIPSFIGHTER
US100 BULLISH SETUP Smart Money Play for US100 With US100 at all-time highs (ATH) and showing signs of overbought conditions, it’s best to look for a well-timed entry in line with the bullish trend, ideally after a slight pullback to a support level. However, caution is essential due to signs of weakening momentum on lower timeframes. 1. Pullback to Support • Price is well above the daily Ichimoku cloud, the 13 EMA, and the 24 SMA, indicating a strong uptrend. However, the daily RSI has turned down slightly from overbought territory, and price is outside the upper Bollinger Band—these are often signals that a pullback or consolidation could be near. • For a lower-risk entry, wait for a pullback to key support levels. The 20,600 range aligns with a previous price level where buyers stepped in, making it a key support to watch. 2. Monitor for Volume and Momentum Confirmation • With the ADL, CMF, and CMO all positive and increasing, underlying buying pressure remains intact. This suggests that any pullback is likely to be corrective rather than a trend reversal, providing a buy-the-dip opportunity. • If volume remains steady or ADL does not turn negative during the pullback, it would confirm that sellers aren’t overwhelming buyers. 3. Wait for Reversal Signal on Lower Timeframes • 4-Hour Chart: Overbought signals on the 4-hour RSI (76) and MFI (81) indicate short-term exhaustion. Price could pull back to the 13 EMA or 24 SMA on this timeframe, providing a reasonable entry point once momentum stabilizes. • 2-Hour MACD: This has turned bearish, showing early signs of short-term selling. Waiting for it to turn back to bullish could give additional confirmation that the pullback has ended. 4. Timing an Entry on Reversal Signals • Watch for a bullish signal on the 4-hour MACD or RSI as price approaches a support level, ideally the 20,600 range or the daily 13 EMA. If indicators turn bullish again after a small pullback, this would confirm a buy entry. Trade Ideas 1. Buy-the-Dip Continuation Play: • Entry: Look to enter on signs of reversal in the 20,600 range or near the 13 EMA, confirmed by a bullish shift in the 4-hour MACD or RSI rebounding from oversold levels. • Stop-Loss: Place stops below the 4-hour Ichimoku cloud or a recent swing low to allow for minor fluctuations. • Target: Aim for a continuation to new ATHs, with incremental profit-taking as the price approaches key psychological levels (e.g., 21,200 or higher). Trailing stops can be used to capture extended gains. 2. Alternative Short Pullback Trade: • Entry: If price breaks below the 20,600 level and the 4-hour Ichimoku cloud, a short trade could target lower support levels, but this is riskier given the bullish sentiment. • Stop-Loss: Tight stop above recent highs. • Target: Initial target near the 13 EMA on the daily or the Ichimoku cloud support. Summary of Smart Money Play 1. Trend Bias: Bullish, in line with the strong daily uptrend. 2. Setup: Wait for a pullback to 20,600 or daily moving averages for a lower-risk entry. 3. Entry Trigger: Confirmed by bullish reversals on the 4-hour MACD or RSI. 4. Risk Management: Stop below key support, targeting ATH or higher levels.
CAPITALCOM:US100Long
by Shivsaransh1
NAS100...Ever The Bullish Instrument Part 4.5 (Retracement)Now that my objective of the HL to HH is complete, it is now time for me to carefully analyze the market correction to determine the next HL that will be formed. There may be times that I will sell if all my certifying conditions are met, however those are moves that I do not publicize readily as they require a lot of hardwork, research and development...It is what that in mind that I always encourage traders to utilize their demo accounts to try new setups and to journal your wins and losses, that is the only way to grow to the next level and to effectively build a unique strategy. What am I expecting? 1. The needed retracement to form my largest HL 2. The possibility of a volatile session to create the needed trend HL In any even mi bias is always bullish with the understanding that any sells are temporary moves to setup my trend HL's. Happy trading. #oneauberstrategy #auberstrategy #aubersystem #whywewait #patience #zigzagtheory
OANDA:NAS100USDLong
by Auberstrategy
DXY Will Go Up From Support! Buy! Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 104.427. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 105.268 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Fed Cuts Rate by 0.25%; Stocks Reach HighsFed Cuts Rate by 0.25%; Stocks Reach Highs Yesterday, the Federal Reserve announced a unanimous decision to lower the interest rate from 4.75% to 4.50%, marking the second consecutive cut—a move in line with analyst expectations and forecasts. “This move will support further progress in controlling inflation as we aim for a more neutral stance over time,” said Fed Chair Jerome Powell. According to Bloomberg, this decision aligns with the Fed’s efforts to support robust U.S. economic growth, creating positive sentiment for stock indices as newly re-elected President Donald Trump is expected to introduce economic stimulus measures. However, could tensions arise between the new administration and the Fed? Trump has a record of publicly criticizing Powell and even considered dismissing him during his first term. At a press conference yesterday, Powell was asked if he would step down if requested by Trump, to which he replied decisively, “No.” He added that the removal or demotion of Fed board members, including himself, is “not legally permissible.” Powell emphasized that the U.S. election results would have "no effect" on the Fed’s decisions in the near term. For now, optimism prevails on U.S. stock markets. Analysis of the Nasdaq 100 index (US Tech 100 mini on FXOpen) shows that: → The price has reached a historic high, surpassing the round figure of 21,000 points and the previous peak set in July around 20,800. → It has moved above the upper boundary of the ascending channel (shown in blue), within which it had fluctuated following the early August sell-off. → The RSI indicator signals significant market overbought conditions. Given these factors, the market could be vulnerable to a correction after this recent rally. If a pullback occurs, it may indicate that market sentiment has already priced in the impact of the election outcome and the Fed rate cut. Additionally, the upper black line shown on the chart may act as resistance, potentially cooling the current bullish momentum. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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by FXOpen
2
Is the DXY dollar index ready for a correction ? H4 08.11.2024💸 Is the DXY dollar index ready for a correction ⁉️ Looking back to 2016 when Trump first became US President, the dollar index initially reacted with a sharp rise and then a prolonged fall. I wonder if history will repeat itself again or if the market will take his second presidency more calmly in the distance. DXY formed a sellers' zone at 104.80-105.16, but the far resistance zone at 106 remains intact. It's not a sure thing that it will get there, but I keep the option in my head just in case. The priority for me is to fall from the nearest sellers' zone with the targets of 103.30 and lower to 102.30. I will specify in the process. TVC:DXY
TVC:DXYShort
by KovachTrader
There’s potential for Chinese stocks to form an Adam-Eve double There’s potential for Chinese stocks to form an Adam-Eve double bottom pattern, which could be an encouraging signal for a major upward rally. This pattern, known for its “V” and “U” shape in technical analysis, often indicates the end of a downtrend and a stronger foundation for a bullish reversal. If the pattern completes successfully, it may suggest renewed investor confidence and momentum, potentially paving the way for a new growth phase in the market. With various economic factors aligning, this setup could signal a significant opportunity for those looking at long-term positions in Chinese equities.
SSE:000300Long
by nutboy02
Hellena | SPX500 (4H): Long to resistance area 6117 (Wave “3”).Dear Colleagues, I believe that price will still make new highs. I expect that the wave “5” of the middle order is not yet complete. Perhaps the price will test the 50% Fibonacci level of 5847 and then start an upward movement to the resistance area of 6117 (Wave “3”). This correction may not happen, then it would mean that the price continued the wave “3”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
11