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S&P500: Testing the Support. Action plan.S&P is trading within a Channel Up on the 4H chart (RSI = 43.121, MACD = 1.310, ADX = 35.999) and is right now testing not only the 3,200 Support but also the Higher Low trend-line of the Channel Up. This is a bullish signal which we are taking and will close within 3,275 - 3,292, which is practically the Resistance Zone. If however the 3,200 Support breaks, we will switch to selling towards the 3,115 Support. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
FOREXCOM:SPX500
by InvestingScope
S&P500: Ascending Triangle on 4H.S&P500 made a (near) Double Top on the 4H chart marginally breaking the 3,240 Resistance but failing back below it quickly and is now consolidating (RSI = 58.904, MACD = 10.230, ADX = 31.641). We may have an Ascending Triangle in the making, which even though a break above 3,242 is possible (look at MACD), there are more bias to the downside, namely the 4H MA50 and MA200. The Support of the Ascending Triangle is at 3,115, which would make a perfect Higher Low on the (green) dominant trend-line. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:SPX500USDShort
by InvestingScope
DOWJONES Is this the countertrend rally of the Great Depression?I will not spend much time describing this as the chart is pretty much self-explanatory. I have plotted Dow Jones trend of 1915 - 1945 (orange line) which includes the Great Depression against the trend of the recent decades (late 90s to 2020) which is displayed in blue. Do you think they look similar? And if so are we currently on a similar counter-trend rally as in the start of the Great Depression? The comments section is yours, let me know! Please like, subscribe and share your ideas and charts with the community! P.S. For the record, I am not trying to scare anyone, just shared an interesting comparison.
DJ:DJI
by TradingShot
10
DAX Consolidation and possible top formationJust an observation on DAX. The index is consolidating within the 10150 Support and 11335 Resistance with the 1D RSI ranged too around roughly 53.00. Last time it was trading within those RSI levels was from December 2019 to February 2020. The sharp sell-off took place then. It appears that investors are once again unsure on how to move forward with the index and it may be a possible top formation where the market takes the March/ April profits heavily. Just a thought. What do you think? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Previous DAX trade:
EUREX:FDAX1!
by TradingShot
(FR40) Index to hit 4600 EUR Pretty SoonFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis and not meant to be taken seriously. That being said, let me get into my opinion. FR40 which is a French stock index for the Euronext Paris, have been hit pretty significantly as a result of Covid19 after being on a bullish recovery for almost a year prior. Now, as the markets are weighting in and people are starting to "panic sell less", I believe it is about to pass the 4600 euro threshold and likely to go on a stable price recovery trend. The 4600 EUR threshold crossing is likely within a week or so at most, but the recovery process is more of a long afterwards.
FShort
by gamer456148
DOW JONES Signs of the Great Depression?This is a DJI comparison of the Great Depression and the phase that preceded it against the current COVID sell-off and the phase since the DotCom bubble that led to it. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** As you see both time phases are Megaphone patterns. Both started on high volatility (A,B,C,D) while the Megaphone was emerging and after testing the Higher High trend line for the longest time of the phase (E), the price broke above it making an over-extension (F). This is usually where most retail and other dumb money are trapped during recessions. What followed (F) during the Great Depression was of course a complete and lengthy collapse of the system, the worst recession in history. Also look how harmonically the 1M MA100 is moving on both patterns. Will history repeat itself? I want to know your opinion about it. *For the record the purpose of this comparison is not to spread panic, I will leave it to the mainstream media to do so. But it is so intriguing that I think can make a great discussion in the comment section below! So will it fill the gap?
TVC:DJI
by TradingShot
52
S&P500: Sell opportunity on the 1D MA50 rejection.On our last trading set-up we mentioned the potential that the Channel Down could be wider and since the 4H MA50 broke, the pattern would fill in a Lower High near the 0.618 Fibonacci retracement: Right now we use the 1D chart (RSI = 52.588, MACD = -25.640, ADX = 24.177) and see that the recent stochastic run is being exhausted (STOCH = 83.359, STOCHRSI = 72.755). The reason is the 1D MA50 which is adding high selling pressure on the Lower High trend line of the Channel Down. We are therefore now turning into medium term selling with our Targets being the Supports: 2,450 and 2,200 respectively. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:SPXShort
by InvestingScope
1
DAX: Profit sideways unless we have a break-out.The German index is trading within a Channel Down on the 1H chart and at the moment the momentum is sideways (RSI = 54.078) within 9,950 and 9,300 (Lower High and Lower Low respectively). If the Channel Down breaks upwards, then we will target the 10,400 - 10,750 zone while if it breaks downwards we will target the 9,060 - 8,800 zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
EUREX:FDAX1!
by InvestingScope
DJI Stock - A global market collapse 2020I am not an expert TA or Analyst. These messages are based on my own knowledge, research, and learnings. I may be wrong or I may be right but this is how I see the current market during a crisis within a crisis (financial & health crisis). The sentiment speaks what the chart is telling us and currently, we are in FEAR & UNCERTAINTY or the people finally awake how our old financial system work. Let us see what really is 2020 for each one of us! Stay safe, protect your assets and be smart! :)
TVC:DJI
by kbhadz42cc
Dow Jones: Bullish MACD but top may be near.DJI is extending the 1D Channel Up (RSI = 60.150, MACD = 193.000, ADX = 15.316, Highs/Lows = 339.6071) after the MACD turned bullish following the January 31st bottom. However as the overall bullish pattern is the 1W Channel Up that started in July 2019, is near its Higher High trend line again, there is a high chance of a pull back. Last time the 1D MACD turned bullish above the 0.000 mark, Dow peaked at +6%. We are close to that level (29,850) now, so a pull back towards the 1D MA50 (blue trend line) is realistic. If however the index follows the MACD bullish reversal patterns made below the 0.000 mark, then the extension can go as high as +8% (roughly 30,500) before the pull back to the MA50. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:US30USD
by InvestingScope
DAX: Attention needed. Bearish fractal to 12,800.The index has made a marginal All Time High today but the 1D RSI remains on a bearish divergence (RSI = 59.286, MACD = 52.400, ADX = 20.325) within the 1W Channel Up. This pattern resembles the May- July 2019 top sequence which ended with a strong decline towards the 1D MA200 (orange line). If the 1D MA50 (blue line) is crossed again, we are expecting this time contact with the MA200. Our Target Zone is 12,700 - 12,870. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
XETR:DAXShort
by InvestingScope
2
S&P/TSX Composite Index can test Minor Resistance LevelsWhen we look at Canadian instruments during the Autonomous LSTM Adaptive period: We see a cheapness in both stock markets and currency. Even though I have a positive opinion about the target, let's try it out in small quantities and leave more position size in case of a second try on negative scenario. This analysis can be more risk-free with the following parameters: Position Size : %1 for Index Futures or Small percentage of Portfolio Risk/Reward Ratio = 1/1.99 Stop-Loss : 16911.75 Goal : 18032 NOTE: The unapproved short signal is the leading indicator of volatile movements. So let's be careful. Let's leave more room for the second attempt, which, when the circumstances are in our favor, let us gain much more of our loss. Regards.
TSX:TSXLong
by Noldo
DAX: Sell opportunity within the Channel Up.DAX is trading within a 1D Channel Up since early November. At the moment the price is next to the Higher High trend line, which is technically an optimal sell entry assuming the pattern holds. With the RSI also at the top of its 2 month consolidation channel, we treat this as a strong medium term sell opportunity. Our Target Zone is 13,165 - 13,100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
XETR:DAXShort
by InvestingScope
3
S&P500: Attention. 4H Death Cross emerging.SPX is currently on the wrong foot again as last week's quick recovery on the impressive Nonfarm Payrolls is proving to be too unstable. The index is well within the multi month 1W Channel Up (RSI = 64.964, MACD = 69.900, Highs/Lows = 55.7180) but as it trades on the Higher High trend line, a medium term pull back for a Higher Low is technically justified. The first Signal on this could be the emerging Death Cross formation on 4H. When then very same pattern was formed (August 5th and May 13th) during the two previous Higher Highs of the multi month Channel Up, S&P was either on the new Higher Low (bottom) or halfway to it. It is obvious then that traders position themselves before this formation takes place and currently it is emerging. Each decline was roughly -8%, so we've set a Target Zone of 2,910 - 2,950. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Short
by InvestingScope
1