It would be interesting to see the market bottom at the cross section of the 200 week moving average with the 2022 highs some time by June/July. Markets aren't cheap now however they are above the 200 week. My framework: Markets above 200dma go 100% long with base equity allocation (decrease to 90% if RSI is overheated) Markets below 200dma but above 200 week go 70% long with defensive bias Markets below 200 week go 25% long with defensive bias, change to high risk with 70% allocation once cross above 200 week. Saves me from the large drawdowns and shaves off some percentage point off performance however having buying power when all hell breaks loose can result in decade+ alpha opportunities. The only sector currently above its 200dma is the equal weight utilities which I like in this environments all other sectors are below the 200dma. In such an environment markets are likely to be biased to the downside.
Price is completing a potential bullish harmonic move toward the $83,642 zone, which aligns with a strong support level. If buyers step in here, we may see a reversal toward $84,591 and possibly higher. However, if $83,411 breaks, downside risk increases. ? Watch for bullish price action near $83,642 ? Invalidation below $83,411 ? Previous rejection from $85,822 led to current pullback
During the last few days, we have been discussing the weakness in the US Dollar and the TVC:DXY index and what it means for the commodities like Gold ( AMEX:GLD ) and Oil ( TVC:USOIL ). But we never discussed the positive effect it has on the emerging markets like $NIFTY. The index NSE:NIFTY which consists of top 50 stocks based on market cap in India is having a positive momentum divergence after touching the lower bound of the upward sloping Fib retracement levels. Here in this blog space on 17th March we posted that NSE:NIFTY looks oversold and we might be ready for a bounce. We favored going long NSE:NIFTY at 22000. Since then, the RSI bottomed and we up 8% form the lows of 22032. If we still follow the Fib levels from the last blog, the charts are telling us that we might be headed to 25000 before having any meaning full pullback. The index internals look healthy with RSI hovering around 50 and not in overbought territory. And the tailwind to all this is still the US Dollar story. Here we are targeting 95 in the TVC:DXY on a short-term basis. This might push NSE:NIFTY to 25000 and beyond. Verdict : NSE:NIFTY rally continues to 25000; TVC:DXY to 95.
CuriosityStream Inc. (CURI) is a streaming media company focused on delivering factual and educational content, covering science, history, technology, nature, and society. Created by Discovery Channel founder John Hendricks, CuriosityStream caters to viewers who prefer informative and enriching content over traditional entertainment. As interest in educational streaming grows and global audiences seek niche content, CuriosityStream is positioning itself to capture market share in the growing "edutainment" space. Currently, the stock is holding above the 0.236 Fibonacci level, placing it in the momentum zone. It’s testing recent highs, signaling that buyers are active and preparing for a possible breakout. This price action, especially when supported by strong volume, indicates bullish sentiment and the potential for an upward move if resistance levels give way.
Hey Traders, in today's trading session we are monitoring Avalanche for a buying opportunity around 19.20 zone, Avalanche is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19.20 support and resistance area. Trade safe, Joe.
With Nifty reaching to 26k without the participation of HDFC bank made many investors un-comfortable. However now, Looks like the wait is about to over as Monthly Consolidation for almost 48 Months - 4 years is visibly broken but yet to give confirmation on candle close. If the April 2025 candle closes above consolidate area then it will further increase the possibility of 30% up move. DISC: Only for education purposes. Please consult your financial advisor before making any decision.
BINANCE:TRXUSDT Hey Traders, in today's trading session we are monitoring Tron for a selling opportunity around 0.25 zone, Tron is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.25 support and resistance area. Trade safe, Joe.
In our last analysis, the GBPCAD currency pair showed a smooth move. The price hit support levels, which means it might keep going up. We think it’ll go up by about 600 pips and might reach the 1.90 area. Since there aren’t many places to stop for this trade, it’s important to set take profit levels based on your risk management plan. We hope you’re doing well with your trading. If you find our ideas helpful, please let us know by liking, commenting, or sharing them. Thanks for being a great supporter! Team Setupsfx
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 102 zone, DXY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend a 102 support and resistance area. Trade safe, Joe.
EURJPY toont een duidelijk W-X-Y correctiepatroon. Golf (W) eindigde op 161.297 , gevolgd door een opwaartse correctieve beweging in Golf (X), die piekte op 162.665 met een klassieke ABC-formatie. Momenteel bevindt de prijs zich rond 162.084, waarschijnlijk de vorming van Golf B van de laatste Y-golf. Een korte beweging omhoog zou deze B-golf kunnen afronden voordat het paar zijn daling hervat naar het gebied van 160.922–160.680, wat het verwachte einde van Golf C van (Y) markeert. De bredere correctie wordt ingekaderd door twee dalende blauwe trendlijnen, die dynamische weerstand en steun bieden, terwijl een kortetermijn rode oplopende trendlijn momenteel de prijsactie ondersteunt, maar mogelijk snel zal breken. Als de prijs stagneert of afwijkt rond de 162.3–162.5 zone, kan dit het begin van de volgende neerwaartse beweging signaleren, wat een potentiële opzet voor shortposities kan zijn. Na de omkering van Golf Y, zijn de potentiële opwaartse doelen 161.600 , 162.500 en 163.100 . We zullen dit binnenkort bijwerken!