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SPX500 / ES - The Faint of Heart Shall Have Fainting HeartsThe truth is that a difficult market will forge a trader (assuming you stay solvent, lol), whereas markets like the 2020-2021 bull run, which everyone so desires to reappear, do not. There is nothing to achieve by buying calls at literally any point, whether high or low, and watching it immediately turn green and run for days. Of course, a lot of people still lost money buying the top and paper handing the retraces or being on short expiry OTM calls, but a gambler is a gambler and a professional is a professional. This market is really hard to trade because it's not trending. It's still seek and destroy, and with a lot of psychological manipulation. All the sirens sing recession. All the wolves howl the Federal Reserve isn't going to pivot. Then YEN-USD is going to 250. WTI is going to $3,000. The UK is going to turn into Nigeria. Credit Suisse, which is already $3, is going to 50 cents and that's really scary "OMG it's Bear Sterns," wow this smells and looks like 2008, hah, hah! etc, etc. The reality is that October has already made a new 2022 low, and after September already made a new 2022 low, and frankly, we're not done making 2022 lows quite yet. But the truth is also that very few people understand how much of a problem it will be for what I dub the Eighth Communist International, more commonly known as the Democratic Socialists of America/Neoconservative-captained NATO bloc, to have the U.S. equities market crash before it is time to roll out the One World Central Bank Digital Currency, which will incorporate the notorious Chinese Communist Party's heinous social credit and "Zero-COVID" schema. The reason you have never seen the US equities markets actually crash is this reason. The 2008 and 2020 crashes were called stop raids and buying opportunities. The US equities markets have really never seen a bear market. You're still not in a bear market. You're just in the retracement of the greatest bull run the most ridiculously resilient stock market has ever seen. To business: I believe that we will see SPX and Nasdaq both run, or at least bounce, their pre-COVID highs, because Dow already did in both June and September and October: And where one goes the other two seem to like to play Monkey See, Monkey Do. However, 3,000 SPX is a bit too much of a fall at present, to be honest, so I have my eyes on SPX following what Dow did in June, which is to bounce off the pre-COVID high around 3,400. Note that next FOMC rate hike is Nov. 2, a Wednesday, and Timraios from WSJ, who is more or less JPow's unofficial spokesperson, has already said 75bps is inbound. Note that last FOMC everyone and their vegetable crisper knew that 75 bps was en route and we still ate a massive 200 point down day that set off a formidable and sustained dump. Note that the US midterm elections are Nov. 8 and that markets have often bounced afterwards and that it's likely that a Republican "Red Wave" will be regarded as bullish in terms of how the narrative is spun. After all, the Neocons are, like, business people, or something. But before we get there, this previous week's price action makes it clear, in my opinion, that before FOMC we are going to take the 3,820 mark and set a new October high. The question will be, then, can one go short, or do we get pushed even higher back to the 4030 range? What will be tricky is if it lingers in the 38xx-39xx range until FOMC and the the FOMC manipulation wick is all the way into 4,000. I really do not believe that we are going to see the SPX lose a thousand more points in 2022. I think we will see numbers like that occur when the problems between the Russian Federation and NATO exacerbate further. Russia is unable to back down from the war and NATO and DC cannot back down from the war. What lies ahead is a nuclear or biological conflict, for real. The war is only going to end when there is a winner between the two, or more accurately, when Heaven settles our problems for us with a real disaster. I also do not believe that the markets will crash at the Federal Reserve or the Biden Administration's hand. That will be terrible politically and will cause a lot of problems for the 8th Comintern on the global stage, so it will be arranged instead that the market crash necessary for the installation of global Communist social credit/CBDC is predicated on the back of a disaster that we will probably be told to blame Putin/Xi for, one that technocracy will be purported to save our very lives from. But in the meantime I also do not believe that we have seen the 2022 bottom. I think there's a BIG Q4 rally en route wherein Nasdaq goes totally apeshit while energy stocks, oil, natural gas, and defense contractors dump, because the real problems are in 2023. If you understand why the markets will do this, you will understand how if it unfolds as I have said, it is a Level 99 Red Alert. A real Level 99 Red Alert. If this society makes it through to 2024, that will really be something. The problems that lie ahead are that dire. What I want to see and expect to see before that Q4 rally occurs is a "bullish breaker" that takes out the October low. A real likely candidate for how that unfolds is for it to occur in early November, arguably on the back of dovish news from FOMC, with November as a month ending up forming an outside bar that leads into a December and January mega rally. If you do puts above 3,850 you should buy them with a lot of time on the contract and be prepared to have to average down. It may be worth hedging spot long with a liberal stop and a total willingness to abandon a green long early. Apple needs to make a new low before you can put on your rally hats, but the manipulation is coming both ways so that you'll be scared to be long when you need to be long and will be scared to be short when you need to be short. One last thing: Xi Jinping had his predecessor Hu Jintao removed from the Chinese Communist Party's summit today, Twitter says. No matter what Wall Street and Comintern 8 have planned, when the CCP falls, SPX is losing 1,000 points that day because it isn't on anyone's schedule. Be careful. Danger abounds and this can end at any time.
CME_MINI:ES1!
by LordWrymouth
1
Yesterday's FOMC: Reality Sets in for StocksReality crashed the party with stocks yesterday, as we have been predicting here. The FOMC event was still quite hawkish despite the market's anticipation that we would see some softening in rhetoric. This caused stocks to tank yesterday, with the S&P 500 falling through multiple levels to find support at 3758. European equities have softened which could portend another dump for the NAM session today. Additionally, eyes are on the BoE and we will see if their outlook matches that of the Fed. If we fall further, we could find support in the upper 3600's, with 3645 a likely floor. A rally will have to claw back through multiple levels. We don't see a rally strong enough to break through 3909 any time soon. The Kovach OBV is still very bearish, and it will likely take a few days for the market to price in the Fed's decision.
FX:SPX500Short
by quantguy
DJI Potential for Bearish Momentum | 3rd November 2022The price hit our sell entry at 33075.03, where the 78.6% and 23.6% Fibonacci lines are located, on the H4 chart. We've set a relatively safe stop loss at 34461.48, which is just above the previous swing high and the 100% Fibonacci line. The take profit will be set at 30775.37, which is where the 38.2% and 61.8% Fibonacci lines intersect. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJIShort
by Rockqet
5
DJI Potential For Bearish ContinuationThe price hit our sell entry at 33077.47, where the 78.6% and 23.6% Fibonacci lines are located, on the H4 chart. We've set a relatively safe stop loss at 34534.39, which is just above the previous swing high and the 100% Fibonacci line. The take profit will be set at 30886.18, which is where the 38.2% and 61.8% Fibonacci lines intersect. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJIShort
by VantageMarkets
Dow Jones vs. S&P 500The chart above shows the relative performance between the Dow Jones and the S&P 500 on a yearly basis. You can see that we are currently sitting right on the 125-year support line. (This may possibly be the longest-lasting support line I've ever seen). This chart may be indicating that, in the years to come, the Dow Jones may outperform the S&P 500. As you know, the Dow Jones consists of 30 blue chip companies. These large, well-established, financially-sound companies have operated for many years and have dependable earnings, and usually pay dividends to investors. Perhaps the charts are telling us that in an era of stagnating growth, persistently high inflation, and higher interest rates, the Dow Jones will outperform. We see confirmation from the yearly Stochastic RSI (shown below), which appears ready to begin oscillating back up. Once the K line crosses above the D line, and the Stochastic RSI begins to oscillate back up on this chart, the momentum can provide tailwinds for the Dow Jones to outperform the S&P 500 for years. Here's something to ponder: If the charts are showing that the Dow Jones may outperform the S&P 500 for years to come, and the charts also show that the S&P 500 may outperform the Nasdaq 100 for years to come (click on my below post for more details) what does this say about the relative performance between growth and blue chip stocks in the years to come? The charts may be hinting that when inflation remains persistently high and growth persistently low, blue chips stocks may outperform, especially relative to the technology sector (Nasdaq). Take a look at the chart below which highlights the similarities between the relative performance of the Dow Jones and Nasdaq today and in 2000, at the start of the Dotcom bust. However, it's important to note a few things. First, ideally, we should wait until 2022 closes to definitively make this type of comparison on the yearly chart. Second, this is merely a relative performance analysis. Therefore, it's possible that even blue chip stocks may tank during the coming recession (click on my post below to read more about my thoughts on the coming recession). Relative performance may show that one asset or index may outperform another asset or index, but it technically does not indicate whether either will go up or down. The Dow Jones may simply just outperform the S&P 500 and the Nasdaq by declining less than them. Therefore, trades should not be based only on relative performance. To further parse out where the greatest alpha ( alpha generally refers to outperformance) may be during the coming recession, I analyzed each Dow Jones component to find which may be the best to hold individually during the coming years. I found that Apple and Microsoft (which are, of course, also in the Nasdaq) will likely underperform. These assets are extremely overbought on the highest timeframes and are showing signs of bearish divergence. In particular, I see bearish divergence on Apple's 6-month chart, going all the way back to the Great Recession. See below for an analysis: We see above that Apple has been experiencing bearish divergence since 2007. From late 2019 into 2021, during a period of unprecedented quantitative easing and limitless cheap money from the Federal Reserve, Apple underwent what I call a "fake out". I consider a fake out to be a period when RSI breaks above its trendline after a period of bearish divergence and while in overbought territory. Typically this signals the final phase of a bull run (though since this is a 6-month chart, the time it will take Apple to show clear signs of decline will take months, if not years). As you can see above, now Apple is testing the RSI trendline from below. This trend line is likely to resist the RSI (and therefore the price) back down. The decline of Apple is going to be quite a shock to the broader market as Apple is contained within so many ETFs and mutual funds and is indeed the most capitalized company in the world. I will try to write a longer post about Apple in the future but will say that: In my opinion, based solely on the charts, Apple is going to disappoint a whole lot of people over the coming years. On the flip side, several Dow Jones components are showing the potential for upside over the coming years. Specifically, I see signs of a long term bottom in IBM and Walgreens (WBA). See the below charts. What the above chart shows is that Walgreens is sitting on support in its relative performance to the S&P 500. Indeed, a double top formed, and the measured move down has been completed. Below is the yearly Stochastic RSI oscillator for Walgreens relative to the S&P 500. The chart above shows that the Stochastic RSI oscillator on the yearly chart of Walgreens performance relative to the S&P 500's performance is ready to oscillate higher. This could potentially provide years, if not a decade or longer, of a tailwind for Walgreens to outperform the broader market. (I have no clue about the fundamentals of Walgreens, but since price discounts everything all investors know and act on, I do not have to analyze the fundamentals of Walgreens to know that it may outperform the S&P 500 in the years to come). My strategy is to accumulate a position in Walgreens (WBA) at the first signs of a bullish setup (a bullish setup is necessary because, again, one should not trade based on relative performance alone). Once I enter a position I then plan to swing trade it throughout the coming years. (By swing trade I mean: First, buy a stock when it is showing a bullish setup (i.e. consolidation), hold with a trailing stop loss until it becomes over-extended on the weekly timeframe, then sell some of my position when weekly is very overbought and has a low setup probability, and then buy back the sold position (plus more using the profit) when it appears consolidated on the weekly timeframe and ready to move up again. I continue this pattern until the yearly chart indicates a top is in. I plan to do the same for IBM which is a Dow Jones component that is showing a very similar setup as Walgreens. See below for my charts. These are just my thoughts and are not meant to be financial advice or investing recommendations. Be sure to leave a like if you agree or comment or if you disagree. Although I definitely see a recession coming in the year(s) ahead, there are plenty of long opportunities out there. There is one particular stock that I think will absolutely explode over the coming years. I've already made about 50% on my position in it in the past month. I'll be posting more about it in the weeks to come. Those who follow me may already know which company I'm talking about!
TVC:DJI
by SpyMasterTrades
15
Stocks Retrace From HighsStock indexes have pulled back from highs with stronger than expected construction and PMI data putting a damper on the markets' hopes that the Fed will taper their hawkish stance. These hopes were never really justified in the first place, so it was only a matter of time before reality set in. The S&P 500 inched above our level at 3909 and then fell back to support around 3848. We anticipate further support at 3792. The Kovach OBV has slumped so it is possible we may see some ranging here as stocks seek direction. If we can break out the next target is 3963.
FX:SPX500Short
by quantguy
3
DJI Potential For Bearish MomentumOn the H4 chart with price hitting our previous target, we are looking for a potential sell at 33077.47, where the 78.6% and 23.6% Fibonacci lines are located. We have a relatively safe stop loss set at 34534.39, which is located slightly above the previous swing high and 100% Fibonacci line. Take profit will be set at 30886.18, where the 38.2% and 61.8% Fibonacci lines are located. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJIShort
by VantageMarkets
2
DJI Potential for Bearish Momentum | 2nd November 2022We are looking for a sell entry at 33272.34, where the 23.6% and 78.6% Fibonacci lines are located. We are looking to take profit at 30775.37 where the 38.2% and 78.6% Fibonacci lines are located. We have a pretty safe stop loss set at 34508.80 where it is slightly above where the 100% Fibonacci line and previous high is located. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJIShort
by Rockqet
3
DOW JONES biggest monthly rally since 1976! Bear Market over?The Dow Jones Industrial Average (DJI) closed the October with its biggest monthly gain since January 1976, rising by +14%! The huge green monthly candle suceeded at (marginally) breaking and closing above the 1M MA10 (blue trend-line) for the first time since January 2022, which was the All Time High and practically the start of the current inflation led Bear Cycle. At the same time, the 1M RSI is close to testing its MA. Just to have some perspective, the previous Bear Cycle of the 2008/09 Housing Crisis, never saw a 1M candle break above the 1M MA10 nor the 1M RSI break or simply come that close to its MA. Can a break above it signal the end of the current Bear Market? A break above the 1M MA20 (green trend-line) should practically confirm it. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
3
Stocks Edge Higher, Looking WeakStocks have crept up, after rejecting highs at 3909. We had a brief retracement yesterday, which quickly found support and the S&P 500 was able to tick up past 3909, making a new relative high albeit barely. Several red triangles on the KRI suggest that we are running into stiff resistance at these levels. The Kovach OBV has slumped, so we will see if we have enough momentum to break out. If so, 3963 is the next target. If not, then 3792 should be considered a floor price.
FX:SPX500Short
by quantguy
1
Dow Jones Index (US30): Key Levels to Watch This Week 📈 Here is my latest structure analysis for Dow Jones Index. Support 1: 32377 - 32680 area Support 2: 30700 - 31200 area Support 3: 30070 - 30360 area Support 4: 28600 - 28750 area Resistance 1: 33250 - 33460 area Resistance 2: 34180 - 32300 area The price broke a key structure on Friday, it turned into a key support now. It will most likely trigger a bullish continuation. Watch these key levels carefully and consider them for pullback / breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
ULong
by VasilyTrader
5
Dow Jones 30 Index: Trending higherCurrent price seems to continue to push above the mid-September highs with further short term (5-25 days) upside potential spotted near 33,785 ( 61.8% retracement from the 52 week low) long positions could be technically supported provided price hold above the 32,135 support, otherwise a break below support opens up the prospects for a test of 31,275 (38.2% retracement from the 4 week high) Upcoming key economic events: Wednesday November 02 2022 - United States Fed (FED) interest rate decision Thursday November 03 2022 - Bank of England (BoE) and Norges Bank (Norway) interest rate decisions Friday November 04 2022- United States monthly non-farm payrolls (NFP) Not investment advice. Past performance is not indicative of future results.
SKILLING:US30Long
by Skilling
DJI Potential For Bullish ContinuationThe overall bias for DJI on the H4 chart is bullish. In addition, price is above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 31187.32, which contains the 38.2% and 61.8% Fibonacci lines. To add to the confluence, there is a market gap that appears to be fillable. The stop loss will be set at 29891.21, just below the 61.8% and 23.6% Fibonacci lines. The take profit level will be 34116.75, which is the intersection of the 100% Fibonacci line and the previous high. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJILong
by VantageMarkets
DJI Potential for Bullish Momentum | 1st November 2022On the H4 chart, the overall bias for DJI is bullish . Looking for a pullback buy entry at 30816.78, where the 50% and 38.2% Fibonacci lines are located. We are looking to take profit at 34293.93 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 29576.21 where it is slightly below where the 78.6% Fibonacci line and previous low is located. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJILong
by Rockqet
2
Stocks Continue to GainThe S&P 500 has edged higher, after a brief retracement from 3887. We seemed to reject this level but found support just above our level at 3758. Dedicated readers will remember that we anticipated support here in previous reports. From there we pivoted nicely and broke through the previous high of 3887 to reach our target of 3909. The Kovach OBV is climbing steadily so we will see if this rally can continue. If we can break through 3909 the next target is 3963. If we retrace, then 3758 should hold as a floor.
FX:SPX500Short
by quantguy
2
Fed WeekGood morning! Batteries are recharged for this week, as we have a very important day on Wednesday. THE FED SPEAKS. Not gonna lie, but Friday's action caught me off guard. As I watched the action, I still wasn't convinced. It still had the feeling of a hope rally. Now look, we can still push to about 3970ish to complete the ABC correction before rolling over. And did you see the VIX? JUst got crushed all the way back to 26 maybe even 25 at one point. Still too many mixed signals in the market with the DOW up almost 15% for the month, the NASDAQ showing more of a Bearish Chart set up and the S&P looking like it's ready to follow the DOW. So is this rally going to hold tech up? It's looking that way, but the FED can change all of that come Wednesday. 3900 is a key area of resistance so I wouldn't be surprised if we got some sideways movement the next two days before we see any real price action. Tomorrow might be interesting for the JOLTS Report. Why? Well the FED said in their last announcement that they wanted this number to come in lower. Forecast is somewhere around 9.5 million. So if tomorrow we see this number come in lower. Say, 9 million, it could be off to the races and continue higher. But at the end of the day, everyone is still going to want to hear from the FED. Will they admit the economy is slowing? I'm sure they will and the market is going to like that they acknowledge it. But is it enough? Remember that you get three moves on FED Days. You'll have the initial move, the retracement, then you'll see the direction of the market. So my plan is to just wait for Wednesday to determine if I should go bullish or stay bearish. I still think there are too many uncertainties and the FED will continue its efforts to bring inflation down even more. Either way, it doesn't matter. I need to trade the markets in front of me. Happy trading!
SP:SPX
by MMOTA_
DJI Potential For Bullish ContinuationOn the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a pullback buy entry at 31187.32 where the 38.2% and 61.8% Fibonacci lines are located. To add confluence to that area, there is a market gap that looks good to be filled. Stop loss will be set at 29891.21, slightly below where the 61.8% and 23.6% Fibonacci lines are located. Take profit will be at 34116.75, where the 100% Fibonacci line and previous high is located. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:DJILong
by VantageMarkets
DJI Potential for Bullish Momentum | 31st October 2022On the H4 chart, the overall bias for DJI is bullish. With price tapping onto our buy entry at 31969.69, where the 50% and 61.8% Fibonacci lines are located. We are looking to take profit at 34293.93 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 30081.25 where it is slightly below where the 61.8% Fibonacci line is located. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJILong
by Rockqet
1