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TSLA Technical Analysis July 26-29Today on TSLA we bounced at the 9EMA at 768.69. TSLA started trading above the 9EMA on July 14. My ZOOMOUT chart is on the 4h candles, ZOOM chart is on the 1h. Based on support and resistance, this is a rough estimate of where the trend will follow with four possible outcomes for the rest of the week. Bullish, MID/Flat, and Bearish estimates. I'm leaning towards a bullish stance for tomorrow. There were market sell offs after the last two FOMC meetings where interest rates were hiked, so be cautious of the possible bull trap. Watch the VIX, watch volume and make sure you have your entries and exits planned. Good luck.
NASDAQ:TSLA
by skyleronwallstreet
SPX Daily TA Neutral BearishSPX Daily neutral with a bearish bias. Recommended ratio: 48% SPX, 52% Cash. * SHORT SQUEEZE WATCH . Sentiment has switched to bearish in light of the incoming economic data this week (FFR rate hike announcement, first Q2 GDP estimate, PCE inflation index) as well as a big week of 'recession-fear inducing' earnings: Walmart missed by 12% on earnings and saying earnings should fall by 11%-13% this year due to less consumer demand; Alphabet missed on both EPS and Revenue but beat on Ad Revenue (unlike SNAP, TWTR and MSFT) which has it rallying after-hours; Microsoft also missed on both EPS and Revenue, but more importantly it missed on Personal Computing and Intelligent Cloud (Azure) revenue estimates which has Microsoft currently down 3% after hours. One of the few variables that are keeping the NBER from declaring the economy to be in a recession is a strong consumer (referring to retail sales, real PCE, personal income and credit quality). Though retail sales increased in June, if real PCE comes in lower on 07/29 then retail sales are due to fall as people shift to savings-and-necessities mode to mitigate inflation and recession effects. Real PCE appears to have formed a peak in April at $13950b, the May reading (current) was $13895b and the June reading is scheduled for release on 07/29; judging by earnings and what people historically do in recessions (consume less), it's sensible to infer that real PCE will likely come in lower on 07/29. Real personal income excluding transfers continues to trend higher as of May with a new ATH of $14501b; considering that the 11 year bull market in stock markets and 11 year decline in unemployment was largely due to historically low interest rates and QE, it would be reasonable to expect a downward correction in personal income (and hiring) that now that all the 'excess' capital available to businesses is significantly less. Although Consumer Credit increased by 5.9% in May compared to 9.7% in April, credit outstanding continues to go up with inflation; this is showing signs of increasing financial burdens being experienced by the consumer. Walmart, Alphabet and Microsoft all missed on their earnings but Alphabet benefited from being the only one of SNAP, TWTR and MSFT to beat on Advertising Revenue estimates. Key dates this week: FOMC Statement 2pm (EST) 07/27, META earnings after-hours 07/27, First Q2 GDP estimate 830am (EST) 07/28, AMZN & AAPL earnings after-hours 07/28, PCE index inflation and Real PCE excluding transfers at 830am (EST) 07/29.* Price is currently testing a critical support juncture where the 50 MA + lower trendline of the descending channel from August 2021 + $3938 minor support all converge; due to the importance of this support level it's prudent to not be too bearish until support is officially lost. Volume remains Moderate (high) and is fairly balanced between buyers and sellers in the last few sessions, indicative of a critical juncture. Parabolic SAR flips bearish at $3796, this margin is mildly bearish at the moment. RSI is currently trending down at 52 with no signs of trough formation as it tests 52.68 support. Stochastic remains bearish and is currently testing 76 support with no signs of trough formation. MACD remains bullish and is currently forming a soft peak at 10.73 minor resistance, this is happening as the Signal line turns -11.45 to support. ADX continues to trend down and is currently at 15 with no signs of trough formation as Price continues its attempt to push higher, this is mildly bearish at the moment. If Price is able to bounce here at this trifecta of support (50 MA + lower trendline of descending channel from August 2021 + $3938 minor support) then it will likely retest $4175 resistance . However, if Price breaks down below here, it will likely retest the uptrend line from 06/16/22 at ~$3880 before potentially heading lower to retest $3707 minor support . Mental Stop Loss: (two consecutive closes above) $3938.
SP:SPX
by dailytaguy
Russell 2000: historical drawdowns point to more downside riskThe Russell 2000 's drawdown from its peak has been important (-26%), but not as severe as those seen during the dot-com bubble in 2002, the 2008 financial crisis, and Covid-19 at the start of 2020, when the US small-cap index plummeted by more than 40%. To reverse the current downtrend of the Russell 2000 , the underlying causes must also be reversed, which are primarily rising inflation and the need to raise interest rates. US ECONOMY: MACRO OVERVIEW Inflation is now widespread and is not solely due to increases in energy prices, such as oil and natural gas . The United States still has a very tight labour market that requires a rebalancing of supply and demand, to avoid further wage pressures. There are currently nearly two job openings for every unemployed American ( FRED:JTSJOL / FRED:UNEMPLOY ) and the labor-force participation rate has not recovered to pre-Covid levels. The result is a strong pressure on salary growth , which is currently at 11% year-on-year. The combination of higher energy prices and wage pressures raises labour input costs for US firms. Those who are unable to pass on higher costs to their customers will see their profit margins dwindle dangerously. In addition, since the Fed is firmly committed to raising interest rates , higher borrowing costs represent an additional drag on the growth outlook of small-cap firms. RUSSELL 2000 index: outlook The market believes that a recession will cause the Federal Reserve to slow its rate hikes or even reverse its policy stance. However, the Fed's focus remains solely on inflation, as the labour market remains close to full employment. To rebalance the labour market, the Fed will continue to raise interest rates aggressively. The short/medium term outlook on the Russell 2000 index remains bearish until the Fed signals a change, which is unlikely unless there is a major recession. A 40% drop from the peak would be a good entry point for opportunistic buyers to step in, indicating a wide bullish positioning clean-up. Such a level of drawdown corresponds to a Russell 2000 index level of 1,450.
TVC:RUT
by Capitalcom
1
SPY - GDP data, Recession Looming? 💀Hi Traders, Investors and Speculators Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. This week is the final week of trading for July and perhaps the most important week of the summer — with the Fed meeting, GDP data and earnings from almost a third of the S&P 500 on deck. Many investors, entrepreneurs and speculators (including myself) are worried about the potential of an economic recession and are hoping this week’s news storm will help direct their expectations and provide some clarity. According to Sam Stovall, the chief investment strategist at CFRA Research, most investors believe that Thursday’s GDP report will show a second quarter of decline, which is the unofficial signal of recession. It is his opinion that the Fed will most likely announce a 75-basis-point rate hike on Wednesday . Consumer index shows that consumers are extremely pessimistic, but they're spending more than they did last year. The number of jobs is recovering, but economic output is slowing sharply. This is causing a debate among policymakers and investors about whether the United States is close to, or already in, a recession — and if it isn't, whether persistent anxiety about one could be enough to make it a reality, as nervous businesses and consumers start to pull back. Could people "anticipate" the economy into a recession? US Commerce Secretary Gina Raimondo said earlier in July that she does not believe a recession is on the cards. Treasury Secretary Janet Yellen said Sunday that we are definitely not in a recession but "...we're in a period of transition in which growth is slowing." Former US Treasury Secretary Larry Summers (during an interview with CNN) espoused a different view — focused not on what the data is currently showing, but on what's likely to happen next . He stated that he believes a recession is most likely, stating : "When we've been in this kind of situation before, recession has essentially always followed." His concerns lies with the Federal Reserve. The central bank is rapidly tightening interest rates to throttle inflation, but a sharp pullback in economic activity as it boosts borrowing costs . While the Fed is hopeful it can engineer a "soft landing," where inflation comes down without a recession, Summers said he is skeptical. He mentioned that when inflation has been high and unemployment has been low, soft landings represent a kind of hopium. The final word: One definition of a recession is when the economy experiences two consecutive quarters of negative gross domestic product . In the first three months of the year, output declined at an annual rate of 1.6%. That raises the stakes for Thursday's first look at GDP data for the second quarter. The recession call that economists and policymakers watch for, however, comes from the National Bureau of Economic Research's Business Cycle Dating Committee. They define a recession as "a significant decline in economic activity that is spread across the economy and that lasts more than a few months." In a recent blog post, the White House said that even though some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle. So don't expect the NBER to settle the back-and-forth debate on recession any time soon. It waited until June 2020 to announce that the coronavirus-induced recession started the previous February — and that was faster than usual. That means the recession debate is likely to persist for many months, no matter what's revealed later this week. If you're looking for an easy to understand guide on Wyckoff Method and phases, check out this Bitcoin idea: If you're looking for more info on Stop Hunting and algorithm trading, check out this idea on Cardano: To know the macro phase is to have power - this will eliminate fear and greed, and cancel out the noise you hear from news and paid "influencers". _________________ 👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉 Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
AMEX:SPYShort
by CryptoCheck-
35
COAL INDIA , BUY signal hey guys , COAL INDIA stock is showing BULLISH SIGNS this stock was moving in a pattern called TRIANGLE PATTERN 📐 , this stock has tried many times to break that TRIANGLE PATTERN and now the time has come . The stock has crossed it's resistance and it has rested also And now we can see A GREAT BIG GREEN CANDLE present by this stock Also , the 20 day ema is above the 50 day ema this shows that this stock is in a uptrend. I have marked the RR RATIO , TARGET AND SL for y'all try to trade according to that ratio or you can adjust it according to you . BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS 1. INFLATION 2. WAR 3. RISING BANK RATES YOU CAN INVEST KN THAT STOCK BECAUSE PROFITS ARE INCREASING AND THE REO RATIO IS 40% THEREFORE, TRY TO BUY THAT STOCK 😀😀
NSE:COALINDIALong
by TRADERS_AREA
COFORGE , starting UPTREND after retesting hey guys , COFORGE stock is showing signs of UPTREND, this stock was moving in a fixed downtrend , 2-3 weeks before this stock has crossed it's RESISTANCE and broke the DOWNTREND AREA . After breaking that area , the stock has retested But instead of going into a straight uptrend , this stock started to follow a pattern called TRIANGLE PATTERN and now this stock has CROSSED the RESISTANCE of that TRIANGLE PATTERN , and a big green candle is presented by this stock . therefore guys , i suggest you that try to grap this stock and earn high returns . ( but it is not sure that you will achieve your target if stop loss is hit , pls cut ur position) i have marked the RR RATIO , TARGET AND STOP LOSS BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS 1. INFLATION 2. WAR 3. RISING BANK RATES AFTER CONSIDERING THESE SITUATIONS, YOU CAN BUY THIS STOCK 😀😀
NSE:COFORGELong
by TRADERS_AREA
Bullish and bearish scenarios for gold.Hello all. Looking at XAUUSD we can see that our previous bearish analysis with 18% drop came to fruition, pushing the price of the yellow metal towards the 200 week EMA at around $1700. Link for that trade is posted below. The 200 week EMA provided a strong support and we can anticipate a bounce towards the $1770 price mark which is the closes resistance and the 23.6% fib level. Another important level to keep an eye on is the fib golden pocket (61.8%-65%) with a price sitting at around $1930. If this bullish scenario plays out gold will recover 12%. This is possible because historically the $1770 price level has provided major support for gold, and also the weekly rsi is in the overbought territory. If gold falls below $1770, I believe it is possible that the price of gold can go as low as $1200 per oz. This price also corresponds with the 200 Week EMA, and historically the strongest and lowest support zone for gold. If this bearish scenario plays out, gold will see another 30% drop. Thanks for reading, and stay tuned. Enjoy.
FOREXCOM:XAUUSD
by EdgarTigranyan
NasdaqI think we are in an ending diagonal within the primary 4th wave position. Inside of the larger intermediate ABC. LTF daily chart looks like we have lost the lower TL of the ending diagonal in what should become an overthrow on the weekly TF. Currently working on the Z wave which is the strongest wave of the WXYXZ pattern which usually sends the price up or down depending on whether or not the WXYXZ pattern is bullish or bearish. After wave Z a strong reversal hits. This is what my chart implies.
TVC:NDQLong
by Big_Mike716
SPX Daily TA BullishSPX Daily bullish. Recommended ratio: 90% SPX, 10% Cash. *Equities, Cryptos, Metals, Oil, Treasuries and EURO are slightly up today as DXY and VIX continue their market correction. Equities continue to go up on fading concerns of a recession paired with more strong earnings ( Tesla beat on both earnings and revenue ) but face a week of anticipated volatility with big tech companies (Meta on Wednesday and Amazon and Apple on Thursday) set to report earnings next week. For context: Netflix just reported a beat on earnings (earnings were lower in Q2 then in Q1) and miss on revenue after completing their second round of layoffs and experiencing its second consecutive quarter of declining new subscribers ; Snapchat also reported a beat on earnings (no change from Q1 and Q2) and miss on revenue while announcing they will slow hiring . This and the worsening energy crisis in Europe that is expected to get worse are pointing to increased volatility next week. Putin suggested that whether or not the Nord Stream returns to full capacity depends on how the Canadians handle the repair of a pipeline turbine and how the Germans handle sanctions regarding transporting the turbine and maintaining the pipeline. The EU continues to contend that Russia had reduced the Nord Stream's capacity by 40% even prior to scheduled maintenance and that punishing the EU economy with a winter energy crisis is part of Russia's plan. The ECB raised their central bank interest rate for the first time in 11 years from 50bps from -0.50% to 0% in response to a June 8.6% inflation reading; with a looming energy crisis the EU may soon learn this may not be enough. Key Dates next week: FOMC Statement release 07/27 at 2pm (EST), Meta Earnings Report 07/27, and Amazon and Apple Earnings Report 07/28.* Price is currently trending up at ~$4k and flipped $3938 resistance to support in today's session while also reclaiming the descending channel from August 2021 at the same level ($3938 resistance-turned-support). Volume remains Moderate (high) and has favored buyers for three consecutive sessions now at this critical price juncture, this is bullish. Parabolic SAR flips bearish at $3734, this margin is mildly bearish at the moment. RSI is currently trending up at 60 with no signs of peak formation; the next resistance is at 68 but RSI still hasn't technically established 53 as support so a downward correction cannot be ruled out. Stochastic remains bullish and is currently testing max top where it can coast in the 'bullish autobahn' for a few sessions. MACD remains bullish and is currently trending up at 1.60 as it breaks out above -11 resistance, if it can continue the breakout then the next resistance is at 11. ADX is currently trending down slightly and beginning to form a soft trough at 16 as Price pushes higher, this is mildly bullish; if ADX can begin trending up as Price continues going higher, this would be bullish. If Price is able to continue up then the next likely target is a retest of $4175 resistance for the first time since early June 2022. However, if Price breaks down here, it will likely retest the lower trendline of the descending channel from August 2021 at ~$3900 . Mental Stop Loss: (one close below) $3900.
SP:SPX
by dailytaguy
ITC , crossing it's RESISTANCE,, to start UPTREND hey guys , ITC stock was moving in great and constant UPTREND BUT as you know that , IN STOCK MARKET , a stock will not move in a straight uptrend . It will follow a pattern and it will move in UPTREND by following that pattern . so, ITC stock was also following a pattern and now y'all can see that , this stock has crossed RESISTANCE of that pattern and it has given a green candle so therefore , i suggest yall that , try to grab this stock and earn high returns , i have marked the TARGET , SL AND RR RATIO try to trade according to given ratio , or you can adjust it as you like BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS 1. INFLATION 2. WAR 3. RISING BANK RATES AFTER CONSIDERING THESE SITUATIONS YOU CAN BUY THIS STOCK 😀😀
NSE:ITCLong
by TRADERS_AREA
Tesla Long Term AnalysisIf the price cross the middle red line downwards in the Bollinger Bands and test the support level of 640.90 price, we expect 640.90 price level is a buying opportunity. RSI level is 54.18. Aroon shows that the price is decreasing. Divergence for many indicator points out that the price will be decreased from the 767.78 price level on the date of 8/7/22. Also, divergence for many indicator shows that the price will be increased from the 623.05 price level on the date of 24/5/22. Target Level: 775.50 Entry Level: 640.90
NASDAQ:TSLALong
by vf_investment
SPX500 - Last leg of the corrective rally?OANDA:SPX500USD has started the last leg higher with yesterdays rally confirming it. This is looking like its going to get up to these levels and an ideal scenario would be into next weeks US Interest Rate decision where we see the market start its next leg down. Beyond 4100 and the correction could be over or a higher correction. For now on the Intra-Day im looking for a PB to the 382-50% ret area to get long in aABCD pattern would be ideal. Thoughts for now. Enjoy the day
FOREXCOM:SPX500Long
by L_F
SPX Daily TA Neutral BullishSPX Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * June Housing Starts came in lower than May (1.591M) at 1.559M and under the consensus estimate of 1.58M, implying that the housing market is starting to cool off as new home buyers appear to be increasingly fearful of a "technical" recession this year. June Building Permits came in fractionally lower than in May (1.695M) at 1.685M and over the consensus estimate of 1.65M, though not as significant of a reduction from the prior month this too is indicative of a housing market cool down in the second half of 2022. Both numbers can still be revised up or down but as it stands now, the demand cool down in the housing market is mildly bullish because it shows that the Fed's hawkish monetary policy is having its intended effect on markets. More clarity will be provided regarding whether or not this points to a recession when the July Jobs report (Employment Situation) is released at 830am (EST) on 08/05/22. Q2 earnings season has gotten off to a bullish start with banks (BOA, Citi) and certain pharmaceutical (J&J) and consumer retail (Hasbro) companies beating estimates but forecasts for the second half of the year remain cloudy. The Senate is scheduled to vote on the CHIPS for America Act today and, with some potential modifications, is expected to pass it by this week or next (if you used the Pelosi indicator congratulations on this one). Russia has apparently been seen restarting gas flows from Russia to Germany (after "scheduled maintenance") via the Nord Stream pipeline but at a reduced capacity; Russia claims that delays in repairs of a turbine sent to Canada are reasons for a 40% cut in capacity but German officials are saying that the turbine is just a replacement part that was supposed to be installed in September. Cryptos, Equities, Oil, Treasuries and the Euro are up today while DXY, VIX and Agriculture are down and Gold is relatively flat. In other news, on Bloomberg TV today, SEC Chair Gary Gensler once again floated the idea of banning payment for order flow and made mention of rampant noncompliance in the crypto industry that will be of chief importance to the SEC in the coming months.* Price is currently testing the 50 MA + lower trendline of the descending channel from August 2021 as resistance at $3938 minor resistance; additionally, Price closed above the uptrend line from 06/16 (~$3900) which currently gives PA a bullish tilt. Volume remains Moderate and after today's green close has favored buyers in seven of the last ten sessions; this is bullish. Parabolic SAR flips bearish at $3721, this margin is neutral at the moment. RSI is currently trending up at 55 as it technically tests 53 resistance; the next resistance is at 68. Stochastic remains bullish and is currently testing 76 resistance with no signs of peak formation, the next resistance after that is max top. MACD remains bullish and is currently trending up at -21 as it approaches a retest of -11 resistance (last time it retest -11 was 06/08); additionally, MACD is on the verge of reestablishing support at the uptrend line from March 2020 (~-35). ADX is currently trending down at 17 as Price is pushing higher, this is mildly bullish at the moment; if ADX is able to bounce here as Price continues higher, this would be bullish. If Price is able to break above $3938 resistance and turn it to support (it's already breaking above the 50 MA), the next likely target is a retest of $4175 resistance . However, if Price is rejected here then it will likely retest $3707 minor support before potentially heading lower to $3500 minor support . Mental Stop Loss: (one close below) $3906.
SP:SPX
by dailytaguy
be BULLISH on JUBILANT INGREVIA hey guys , JUBLIENT INGREVIA stock is showing bullish signs , This stock was moving in a downtrend for a very long time , but now, through the analysis, i think that this stock is starting to move in a UPTREND the stock was moving in a downtrend , BUT IN A FIXED AREA , and now this stock has crossed it's resistance, and has shown a great bullish candle . there are 2 reasons to buy this stock ; 1. A GREAT BULLISH CANDLE HAS BEEN SEEN ABOVE THE RESISTANCE 2. 20 DAY EMA has CROSSED ❌ the 50 DAY EMA therefore, you can bet on this stock and can try to earn high returns. i have marked the RR RATIO , TARGET AND SL for y'all . BUT PLS CONSIDER THE GLOBAL SITUATION FIRST, 1. INFLATION 2. WAR 3. RISING BANK RATES AFTER CONSIDERING THESE SITUATIONS YOU CAN BUY THIS STOCK JUBULANT INGREVIA 😀😀
NSE:JUBLINGREALong
by TRADERS_AREA
SPX Daily TA Neutral BearishSPX Daily neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * US June Retail Sales was reported this morning and beat the consensus estimate (0.8%) by 0.2% coming in at 1%; compared to last month's retail sales number of -0.1%, it's reasonable to suggest that consumer demand is returning after six consecutive months of shrinkage (Jan 2.7%, Feb 1.7%, March 1.2%, April 0.7%, May -0.1%). One of the primary goals of the Fed raising FFR is to temper economic activity (lessen demand). The Fed announced QT and the possibility of rate hikes in December of 2021, what followed was six months of Retail Sales (consumer demand) shrinkage; the Fed didn't start raising FFR until March 2022 and QT began in June 2022, a testament to how powerful even just words from the Fed can be. This is relevant because these are things to consider when determining how far ahead or behind money markets are, and begs the question once again, have financial markets already priced in a recession? It's hard to say when Federal Reserve Governor Waller says he needs to review Retail Sales and Housing Starts before committing to a more than 75bps rate hike on 07/27 , while St. Louis Federal Reserve President Bullard says that Core PCE inflation hasn't peaked yet but that there isn't too much difference between 75bps and 100bps on 07/27. Equities, Cryptos, and Commodities (aside from Gold, Copper, Palladium, Wheat and Soy) are up; Treasuries, VIX, DXY down. Housing Starts and Building Permits numbers are to be released at 830am (EST) on 07/19.* Price is currently trending up at $3870 and is on the verge of testing the uptrend line from 06/16 at $3880 as resistance after bouncing at $3707 minor support. Volume is currently Low and on track to favor buyers for a third consecutive session. Parabolic SAR at $3938 minor resistance, this margin is mildly bullish. RSI is currently trending up at 49 after bouncing at 42, the next resistance is at 53. Stochastic is on the verge of crossing over bullish at 37 after bouncing at 25; the next support is at 18 and resistance at 48. MACD is currently trending up at -31 after bouncing at the uptrend line from March 2020 at -37 as support (which is simultaneously reversing a soft peak formation), the next resistance is at -11. ADX is currently trending sideways at 20 as Price is pushing higher, this is neutral at the moment; if ADX was to start trending up with Price this would be bullish, and if it trends down as Price goes up this would be bearish. If Price is able to break above the uptrend line from 06/16 at $3880 , it will be forced to contend with the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price is rejected here then it will likely retest $3707 minor support before potentially retesting $3508 minor support for the first time since November 2020. Mental Stop Loss: (two consecutive closes above) $3938.
SP:SPX
by dailytaguy
You down with ABC? Yeah, you know me!OK, this is a possibility to be aware of. We still could come down to 3700 or lower tomorrow, but if they rally from anywhere around here (or there), there is a chance we get a sudden C wave up for a few weeks. Sentiment surveys on CNBC have never been more bearish, so there's that - but regardless, the pattern looks correct as of now. So there it is - it may not work out, but I'm putting it up as a distinct possibility. I'm not long, but did hedge this morning. I'll shed shorts if we start getting over 3800 again. If true, C should get to around 4100 resistance area.
EIGHTCAP:SPX500
by the_sunship
3