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SPX: Close in Jan will say a lot about what will happenSPX rally stalled today a bit and it may keep going a bit sideways next week. If we see strong rejection at this level (1.764 fib extension of this sequence), then the rally might be over and price will head back down rather quickly. Depending on how quick and strong the downturn begins during the last few days of January, it will tell us how deep of a correction we should expect and for how long. If the current strong monthly candle turns into a doji or worse, a red candle, this wave 2 will make the bull suffer for at least 2 to 3 months and price may drop deep enough to close a few gaps left behind during this rally. If we see some sideways action next week followed by one last push towards 4950, then, chances will increase of a milder wave 2 correction back to 4680-4780 cluster (some .618 ish area retrace) in Feb followed by wave 3 resumption towards 5500 and more. We'll see what happens next week. Monthly close will be important. Keeping close eye on RSI for bearish divergences in higher timeframe. Daily already has a pretty obvious bearish divergence. Another push higher in price with weakening RSI will confirm the end of this rally.
SP:SPX
by mukit1
🔍💡 Centrus Energy (LEU) Analysis 🌐⚛️📊 Company Overview: Centrus Energy operates as a supplier of nuclear fuel for the global power industry. 💼 Potential Contract: U.S. Department of Energy seeking bids for a domestic supply of enriched uranium fuel for next-gen reactors. Centrus Energy considered a strong contender for the lucrative contract. 💰 Market Dynamics: Increased demand for uranium, especially in nuclear energy. Uranium spot prices at $92 per pound, the highest since 2007. 📈 Outlook and Entry Point: Bullish outlook for Centrus Energy. Suggested entry above the $48.50-$49.50 range. 🎯 Upside Target: Upside target in the $72.00-$74.00 range. 📣 Conclusion: Centrus Energy poised for growth amid potential government contracts. Strong demand for uranium contributes to positive market dynamics. Bullish outlook with suggested entry and upside target. Stay informed for further developments! 📰💹 #CentrusEnergy #LEUAnalysis #MarketWatch 🌐📊
AMEX:LEULong
by Richtv_official
Will stock market crash in 2024?Hello everyone i want share my idea bout NAS100 price action at higher timeframe, here i will tell some reasons why stock market will stop moving up and change it will change trend. First we had at stock market pretty good bullish movement in 2023. If we look economy of America they are in trouble, last few months of 2023 we had pretty bearish movement at US20 bond and DXY (Dollar index) but this year Dollar started positive trend with positive fundamentally news, Interest rates are high and it need correction, everyone in 2024 waiting for interest rate cuts but we don't have yet any indicative new which will approve rate cuts. In last of autumn i published my idea about US20 bond and dollar index where i was bearish ( I will share that idea in this post) i was thinking bearish trend for high interest rates, after autumn us economy and dollar start fall until 2024 January. If this price movement of dollar will continue that trend and the fundamentally will help then we will get new rates which will be lower. if we look NAS100 with technical analysis we have new all time high and big weekly divergence, if that divergence will work we will get lower rates and new opportunity for invest in stock market. In second post i will talk my idea about stock SunPower corporation, which price will follow lower rate and it is perfect investment if rates will cut.
PEPPERSTONE:NAS100Short
by elmakacho
📈💹 Vale (VALE) Investment Overview 🌐🇧🇷 📈💹 Vale (VALE) Investment Overview 🌐🇧🇷 📊 Growth Projections: VALE, a leading Brazilian iron ore producer, is poised for growth. Iron ore sales expected to increase to 360-370 million metric tons in the next five years. 🔄 Capacity Restoration: Growth attributed to bringing back online a significant portion of the 100 million metric tons capacity offline since the Brumadinho dam disaster in 2019. 💰 Price Support Factors: Current support for iron ore prices driven by positive sentiment around China's reopening and robust steel output. 📈 Financial Outlook: Anticipation of improved gross margins for VALE. 💸 Dividend Strength: VALE stands out as a dividend powerhouse, offering an impressive yield of 13.6%. 📉📈 Market Projection: Bullish outlook suggests support levels above $14.00-$14.50. Targeted upside in the range of $23.00-$24.00. 📣 Conclusion: VALE presents growth opportunities backed by capacity restoration and favorable iron ore market conditions. Strong dividend yield adds to its appeal. Bullish outlook projects support levels and targeted upside for potential investors. 📰💹 #Vale #InvestmentAnalysis #MarketWatch 🌐📊
NYSE:VALELong
by Richtv_official
1
💳💹 Ally Financial (ALLY): Financial Outlook 📈📊 Fed's Influence: Ally Financial (ALLY) positioned to benefit from the Federal Reserve's indication of multiple interest rate cuts in the latter half of 2024. This shift is expected to drive higher loan demand and boost net interest income. 💵 Interest Rate Dynamics: Lower rates to depositors anticipated, stimulating increased borrowing. 🔍 Strategic Moves: ALLY's focus on share buybacks in the last five years, reducing outstanding shares significantly. Positive impact on earnings per share. 📈 Market Projections: Bullish outlook suggests support levels above $30.00-$31.00. Anticipated upside target in the range of $48.00-$50.00. Exciting prospects for ALLY in the evolving financial landscape! 💻🌐 #AllyFinancial #FinancialOutlook #StockMarket 📰📊
NYSE:ALLYLong
by Richtv_official
2
🔬💊 Amgen Innovations & Strategic Moves 🚀🌟 Lumakras Breakthrough: Amgen (AMGN) pioneers cancer treatment with Lumakras, the first medication targeting a mutation found in approximately 13% of lung cancer patients. 💰 Strategic Acquisition: Amgen acquires Horizon Therapeutics for a substantial $28 billion in cash. Incorporates Tepezza, an FDA-approved medicine for thyroid eye disease, into Amgen's product portfolio. 📈 Market Outlook: Bullish stance on AMGN suggests support levels above $260.00-$265.00. Anticipated upside target in the range of $360.00-$365.00. Exciting developments in biotech and strategic expansion for Amgen! 🌐💉 #AmgenInnovation #Biotech #StockMarket 📰📊
NASDAQ:AMGNLong
by Richtv_official
1
History To Repeat Itself? S&P500Is it possible for the stock market to repeat itself? After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground. The month of January is generally weak for the index as the 10-year average return for this month is only 0.17% making it one of the weakest periods for the index. A noticeable resistance zone can be spotted and used in advantage to look for shorts and get more than a 1:3 Risk-Reward-Ratio.
VANTAGE:SP500Short
by Elite_Forex
HALWANI BROS. CO. 6001 - Bullish Pullback to 200 Daily MAbullish pullback opportunity towards the 200-day moving average. Several strong indicators support this potential upward movement: RSI Value Near 50: The Relative Strength Index (RSI) is hovering close to the neutral 50 level, suggesting a balanced market sentiment and potential for upward momentum. Support Holding at 48.5 Level: The stock has demonstrated resilience by holding a crucial support level at 48.5, indicating buyer interest and a potential bounce. As the price retraces, there's an opportunity for a second entry around the 48.5 level. Target Levels: Take Profit 1 (TP1): 53.2 level or 200 moving average
TADAWUL:6001Long
by K_M_M
Will the S&P500 Index Touch a New All-Time High(ATH)❗️❓📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not. 🏃‍♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines . 🔔I expect two scenarios for the S&P500 Index: The scenario of S&P500 Index falling to the broken 🔴 Resistance zone( $4,640-$4,540 ) 🔴 (as a pullback ) and rising again. In the second scenario, the S&P500 Index falls to the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and continues falling to the Fibonacci levels that I marked for you in the chart. We saw a bull trap in this scenario. 🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡 Price Reversal Zone(PRZ) 🟡and will decrease by at least ➖3% in the coming weeks. S&P500 Index (SPXUSD),4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SP:SPXShort
by pejman_zwin
7
$MATIC Price Action strategy.CRYPTOCAP:MATIC Polygon on the 1-hour timeframe faced rejection near the 50 EMA line (colored red), favoring the bears as the price broke through the previous support and is now approaching the Optimal Trading Zone (OTZ). It is crucial to remain vigilant, set alerts, and be prepared for the price to descend into this zone. As part of my strategy, a confirmation for a double bottom pattern will be considered if the price closes inside or above the OTZ. This confirmation will serve as the trigger for initiating a CRYPTOCAP:MATIC trade.
MLong
by LimitlessRx8
Uber Up 113% For 2023!Uber's stock market journey has been a rollercoaster of highs and lows over four and a half years. The stock reached a high of $64 in February 2021 but plummeted to $13 by March 2020. During a challenging period from February 2021 to June 2022, the stock saw a 68% decline but found crucial support at $20. In January 2023, it crossed the significant daily 200 simple moving average at $27, indicating a shift in investor sentiment. The stock continued its upward trajectory, surpassing $40 in June 2023 and then facing resistance at the $50 mark in July 2023. It retreated to $40 in October 2023 before breaking past $50, aided by Q3 earnings reported on November 7th. Despite earnings being slightly below estimates, the stock closed up nearly 4%. Since the earnings report, Uber's stock has risen by 15%, with a year-to-date increase of 113% and a 25% rise in November alone. As it approaches its all-time high of $64, there's anticipation about its ability to set new records and possibly establish a long-term bullish trend. However, given its volatile history, the future remains uncertain as investors watch to see if Uber can maintain sustained growth. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:UBER
by Sublime_Trading
Cardano bullish idea.After taking a swing at the elusive $0.40 target last Wednesday (11/15/2023), ADA got a taste of rejection. But, true to form, the next day, Cardano dusted itself off, shrugged off the setback, and made a bloody good comeback. Now, pay attention. Picture Cardano strutting back into the ring, ready to take on a new, formidable resistance level. The bulls are eyeing triumph, and breaking through? Well, that's the key to unlocking a potential surge in Cardano's overall value. I'm eyeing the $0.50 - $0.60 territory.
by LimitlessRx8
1
Possible double bottom bullish patternBreaking through a year-long resistance zone between $37k to $41k on Thursday, Bitcoin's price action has set the stage for what I term an Optimal Trading Zone (OTZ). This critical development is a cornerstone of my strategy, focusing solely on the dynamics of price movement. Now, my attention is keenly fixed on the anticipation of Bitcoin's price entering and ideally closing within or above the OTZ, signaling a potential double bottom pattern. It's crucial to emphasize that a close below the OTZ would dissuade me from pursuing any trades, underlining the pivotal role this zone plays in my overall strategy.
Long
by LimitlessRx8
Regional Banks Are Still in Serious Trouble!Traders, For the second time this year, regional banks are threatening to cross on over an essential support that has carried us through this secular bull market for 14 (going on 15) years! If our support breaks, I fear that regional banks could drag everything else down with it. Remember, it is regional banks that hold the loans for much of commercial real estate. Much of commercial real estate went vacant during COVID. We are only now beginning to understand the wave of bankruptcies that are crashing in hard as a result! Watch this line closely or stay tuned here and I will keep you up to speed as I observe any significant changes. Stewdamus
AMEX:KREShort
by stewdamus
Weekend Update - Stocks and Bitcoin DivergenceTraders, If you've been reading my static posts, you'll know that the SPY has reached its downside target of 410 for the head and shoulders pattern that we've been watching. It's now looking like a bounce can be expected. I'll briefly touch on what I am seeing on the SPY chart as well as the DXY, VIX, and, of course, Bitcoin. I'll also quickly brief you all on my Bitcoin short trade and what I am expecting might occur here. Best, Stew
INDEX:BTCUSD
by stewdamus
1