This week, the Dow Jones Industrial Average (YM1) offers a critical technical landscape for traders. With the Nasdaq closing at 39,879, our outlook will hinge on this key level, determining whether the market will trend bullishly above or bearishly below. In the absence of significant fundamental news, technical indicators and market sentiment will play pivotal...
NASDAQ The NASDAQ closed at 18,556. We will be bullish above this area or bearish below this area. At this discounted price, where will it go? Not many fundamentals this week. To provide a thorough analysis of the NASDAQ for this week, we need to consider several technical and market sentiment factors, given the lack of major fundamental news.
Technical Analysis: Current Price Action: The S&P 500 closed at 5376, which is a critical level. This price point will serve as our primary reference for determining market sentiment. Support and Resistance Levels: Support: If the market remains above 5376, this level will act as a new support. Traders will be watching for a bounce off this level to confirm...
In this insightful analysis, I share my outlook on the gold market, highlighting critical levels to watch. I'm bullish on gold above the 2,327 level and bearish below it. Currently, gold is holding support at a key demand level, but a breach of this support could turn it into resistance. This week is packed with significant news, including the Non-Farm Payroll...
In this update, I share my current stance on Bitcoin trading. I'm bullish when the price is above the 70,000 mark but turn bearish if it dips below this level. Currently, Bitcoin is holding support at a critical supply level; however, if we lose this resistance, it will transition into support. This week is significant due to the Non-Farm Payroll (NFP)...
In this week's Forex Market Insights, I share my analysis on the EurUSD pair, highlighting key levels and potential market movements. I'm bullish above the 1.08000 level and bearish below it, with the pair currently holding support at a critical demand level. However, if support fails, it will turn into resistance. With it being NFP Week, expect a flurry of news,...
Welcome to this week's NASDAQ Weekly Review, everyone! Let's dive into our market analysis and discuss the key elements that will shape our trading strategy for the week ahead. First and foremost, I'm bullish on the NASDAQ above the 19,000 level. If we maintain this position, it signals strong market confidence and a continuation of the upward trend. However, if...
As of July 23, 2024, the Nasdaq index is currently trading between 19,750 and 20,000. Today's market activity was notably choppy, reflecting investor uncertainty and mixed sentiment. However, we anticipate a potential breakout tomorrow as the market braces for significant economic data releases, including the Flash Manufacturing PMI and the latest unemployment...
This week, the gold market is showing signs of potential recovery as prices dip into key demand areas. Currently trading at a discount, gold may find support around the $2,300 to $2,400 range. These levels are crucial to monitor as they historically represent strong buying interest and could act as a springboard for price stabilization or even a potential...
The Nasdaq futures market is currently showing some promising signs as it enters key demand areas. Analysts are closely watching the levels around 19,600 and 19,500 as potential support zones. These levels have historically acted as strong support, and traders are optimistic that they will provide a solid foundation for a rebound. Market sentiment appears...
**Volatility** With the Dow Jones US30 index currently sitting at all-time highs, traders are closely monitoring potential movements and preparing strategies to navigate the market's next steps. The trend remains bullish, but the formation of a new demand area around the 40,150 mark introduces intriguing possibilities for both long and short positions. ***Key...
As we approach the trading week, all eyes are on the upcoming speech by Federal Reserve Chairman Jerome Powell, scheduled for 12 PM noon on Monday, July 15, 2024. Traders are keenly anticipating any signals that could provide direction for the Nasdaq index, especially given the current technical setup. On the 4-hour timeframe chart, the Nasdaq is exhibiting...
As we delve into the current state of the US market, it's essential to note that the Federal Open Market Committee (FOMC) meeting is scheduled for tomorrow at 2:00 pm EST. This event often carries significant weight in shaping market sentiments and outcomes. Turning our attention to the YM1 Dow Jones US30, we find it hovering in a premium zone. The price dynamics...
As the bears stormed into the market following the release of the CPI data on the February, 13th of 2024, the impact was felt across the board. The surge in bullish sentiment propelled the market late afternoon New York session, causing a noticeable shift in momentum. Investors and traders alike found themselves navigating the fluctuations with keen...
Just a quick update – the Cpi has hit, and as a result, the YM1 US30 DOW JONES is now priced in. Yesterday's high and low prices have been swept, and the current price is in a state of flux. However, it seems that bears are starting to take over, and it's possible that the price will decrease since liquidity has already been swept and we are in extreme premium...
US30 Dow Jones Retraces to Bullish 4-Hour Order Block During the New York session, we capitalized on the demand from this area and took long positions once again as the US30 Dow Jones retraced to a bullish 4-hour order block.
GOLD Undergoes Change of Character (CHOCH), resulting in a Four-Hour Order Block Demand Zones GOLD BULLS 📈💥🔥 SMART MONEY CONCEPT IDEA
GOLD Undergoes Change of Character (CHOCH), resulting in a Four-Hour Order Block Demand Zones