Weekly chart... White line represents Primary trend since 08 housing crisis crash Blue channel represents price action from 2017 -2025 Now pay attention.. You see the yellow trendlines ? Those represent the up trend from covid crash and 2022 crash. https://www.tradingview.com/x/Av63ERKW Those were micro uptrends both lasting 2yrs in length.. So now the market has hit a reset switch and I believe we are headed back to the blue trendlines bottom Like so - https://www.tradingview.com/x/oo1bTQjx I think over the next week or so if spy recovers 567 then we will have one more squeeze to 585 before the next leg down My target by the End of Q2 is 490-500.. basically we are back into 2022 price action Once we hit channel support I expect An accumulation and consolidation before a new multi yr rally to 700 https://www.tradingview.com/x/eZT0GrHd I know this sell off seems random and tariffs related but it's not! Markets top back in Nov/Dec same as 2022. To show you what I mean by that just look at the other Indexes and tell me is it a coincidence they all hit their decade long resistance at the same time? Dow Jones target 38,000 https://www.tradingview.com/x/gmszzEzw NYA/NYSE (More important then spy) https://www.tradingview.com/x/rdXHvxVV NASDAQ /Ixic https://www.tradingview.com/x/UtEvZf00 https://www.tradingview.com/x/6kixWGO0 Notice how NASDAQ , Dow, NYA and Spy all hit resistance at the same time? No Trump tariff , No inflation fears, No interest BS just good ol channel trade.. I know perma bulls want up forever but I suggest waiting for Spy 490-510 for the REAL dip buy.. You're going to see a bunch of charts focusing on the weekly hammer printing this week but I'd like to point out that in 2022 we also had week hammers print https://www.tradingview.com/x/ijaiL4sX I do think Spy can bounce as high as 585 if it can get over 567 next week..
https://www.tradingview.com/x/tEsStcmW/ Hello,Traders! GBP-USD was trading in an Uptrend and the pair was locally Overbought so as we are seeing A bearish breakout we are Locally bearish biased And we can set a Sell Limit Order at 1.8649 with the Target being 1.8465 And the Stop Loss at 1.8773 Slightly above the local high Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
In anticipation of interest rates going lower, a large number of regional bank insiders are buying a significant number of shares of their own stock. Such lowering will likely increase regional bank revenue and move ETFs like AMEX:DPST higher. Thus, at $84.89, AMEX:DPST is in a personal buy zone. Targets: $106.00 $120.00
Dow up side best move ment dow Support: This is a price level where a downtrend can be expected to pause due to a concentration of demand. For the DJIA, support levels are often identified by looking at previous lows or using technical indicators like moving averages. Resistance: This is a price level where an uptrend can be expected to pause due to a concentration of supply. Resistance levels for the DJIA can be identified by looking at previous highs or using technical indicator
Infy has been a good stock for beginners or well-versed investors. They have consistently grown their earnings and have rarely caused turmoil. With Tariff concerns of US and FII selling, I think the max drop that would happen is around 1420 by the end of March. I would be setting up GTTs around 1500 and 1420. Let's see what news we get from Mr. Trump by April 2nd.
Ethereum is almost oversold on its 1D technical outlook (RSI = 35.473, MACD = -206.770, ADX = 45.110) but this 1W candle is rebounding on the P1 trendline, which is the Pivot that started from the November 2021 ATH and already caused the a bounce on the August 5th 2024 contact. A similar P1 trendline was present during the 2018-2021 Cycle and its final contact was the March 2020 COVID crash, which kickstarted the insane rally. All similar rallies have hit at least the 1.5 Fibonacci extension and in some occasions the 2.0 Fib. Consequently we are confident enough to aim for at least the 1.5 Fib (TP = 6,000). Risk seekers can attempt a 9,000 test but more cautiously. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Momentum trading is a strategy that seeks to capitalize on the continuation of existing trends in asset prices. By identifying and following assets exhibiting strong recent performance—either upward or downward—traders aim to profit from the persistence of these price movements. **Key Components of Momentum Trading:** 1. **Trend Identification:** The foundation of momentum trading lies in recognizing assets with significant recent price movements. This involves analyzing historical price data to detect upward or downward trends. 2. **Diversification:** Implementing momentum strategies across various asset classes—such as equities, commodities, currencies, and bonds—can enhance risk-adjusted returns. Diversification helps mitigate the impact of adverse movements in any single market segment. 3. **Risk Management:** Effective risk management is crucial in momentum trading. Techniques such as setting stop-loss orders, position sizing, and continuous monitoring of market conditions are employed to protect against significant losses. 4. **Backtesting:** Before deploying a momentum strategy, backtesting it against historical data is essential. This process helps assess the strategy's potential performance and identify possible weaknesses. 5. **Continuous Refinement:** Financial markets are dynamic, necessitating ongoing evaluation and adjustment of trading strategies. Regularly refining a momentum strategy ensures its continued effectiveness amid changing market conditions. **Tools and Indicators:** - **Relative Strength Index (RSI):** This momentum oscillator measures the speed and change of price movements, aiding traders in identifying overbought or oversold conditions. - **Moving Averages:** Utilizing short-term and long-term moving averages helps in smoothing out price data, making it easier to spot trends and potential reversal points. **Common Pitfalls to Avoid:** - **Overtrading:** Excessive trading can lead to increased transaction costs and potential losses. It's vital to adhere to a well-defined strategy and avoid impulsive decisions. - **Ignoring Market Conditions:** Momentum strategies may underperform during sideways or choppy markets. Recognizing the broader market environment is essential to adjust strategies accordingly. By understanding and implementing these components, traders can develop robust momentum trading strategies tailored to various asset classes, thereby enhancing their potential for consistent returns. Source: https://digitalninjasystems.wordpress.com/2024/06/25/comprehensive-guide-to-momentum-trading-strategies-across-assets/
COINBASE:DOGEUSD hello, Looks like almost bottom, but April might be bearish. DCA into April may bring good returns. Happy trading.
Newly unsealed court filings show that FTX secretly liquidated $1.53 billion worth of Three Arrows Capital (3AC) assets just two weeks before the hedge fund collapsed in 2022. The disclosure challenges previous claims that 3AC’s downfall was purely market-driven. Once managing over $10 billion, 3AC collapsed in mid-2022 after a series of failed leveraged trades. […]
Google will replace Google Assistant on Android phones with Gemini later this year, the company announced on Friday. Google said in a blog post that it’ll upgrade more users from Google Assistant to Gemini “over the coming months.” Later this year, Assistant will no longer be accessible on most mobile devices or available from app […] © 2024 TechCrunch. All rights reserved. For personal use only.