NAS100USDtradingview.com/x/NmX2Pn15/ the 5min tf, will turn bullish at 23520 , it's going across its 21ema which has turned green for me; i am out of trades, commuting
NDX 23496 we are reaching the resistance turned support and support turned back to resistance if it breaks and retest it’s gonna take it to the next supply zone
NAS100USD yesterday made ATH and it has only signalled 2HL before going upwards, chart on the right. Yesterday’s low is still within the top level of the daily retracement. tradingview.com/x/oW8cB20s/ so bullish structure still in synch. On the daily, 21EMA is 23048. The daily structure will turn bearish at 22974, BUT it will continue to signal 1D HL until 21449. The three yellow circles are previous 8H HL; the support was 21EMA on 8HR, or yesterday’s 4pm trading shares close price.
US100 Also for anyone that thinks the tariff day will just be no big deal, go look at Copper yesterday on the 15 min timeframe. -17% in 15 min. Buying the dip when the catalyst for that type of sell off is here may win, but if it is punished instead, it will likely be people's entire account balance lost like people undoubtedly faced in April for saying it was already priced in.
ATH every week is not bad news being priced in. It was fair to say tariffs were priced in before Liberation day and look how that turned out. No reason to risk leveraged longs before this event much better to wait to see how it plays out. Even if that means missing further upside. There will always be future opportunities so long as you have the capital to take advantage of them. Tariff day is not just some every month FOMC meeting shenanigans. Talking about the most bearish event of the year and people expect it to be bullish this time around. That is greed talking at its finest. It is okay to sit out and miss some opportunities in fact it is beneficial to just sit and watch without trading sometimes.
USTEC as expected bounced up from the first support at 23345 and went to the resistance at 23445 Now watch the price as either jump on that price and bounce up from or retrace to the down side
US100 The selling volume in the first two 1 hour candles of NY session is the highest we have seen this entire run up in red candles without major buying wicks. These things are important because it is a major sentiment shift. Ignoring it as nothing is a good way to be wondering why the market is moving down like this when it is down 1000-2000+ points through August-September. There is a time to long, a time to short, and a time to sit and wait. For those not interested in shorting, you are getting close to the sit and wait part. The market always retraces eventually, and the longer it goes up without a retracement, the deeper it retraces when it does. I don't think this is the top of the year, but we are very close to a 5-10% move down.