forexeatrading 
1. Dow Jones – The Godfather of the Indices Reveals How Worth Is at a Vital “Make or Break” Degree
Primarily based on the amount profile indicator, see the totally different cabinets and gaps between them as follows:
- A) The indecision candle that anticipated the reversal in February occurred on the increased fringe of the shelf, for the reason that reversal occurred, the transfer from the highest to the underside occurred quickly.
- B) Worth motion is in search of consolidation on the decrease edge, in confluence with the annual $41,7K stage. A loss of the present shelf might ship value quickly by the amount hole B, as you will notice it occurred with IWM within the following chart. Worth motion travels quickly in quantity “limbos”.
- C) Is the following robust help stage if the $41.7K zone is misplaced, subsequent week we’ll be taught if the 40MA acts as a robust resistance.
- D) There Is a extra dramatic quantity hole, which as of now’s offered since it’s a part of the chart, however as of now let’s be centered on A and the potential of migrating to B.
Which path? The Dow Jones index as we speak suggests a bullish continuation if the important thing stage of $41,882.8 continues as help and extra importantly, if the month-to-month $42,103.7 stage that units resistance throughout all of the week is conquered. If these two situations occur, the instant bullish goal of $42,352.8 (very near the 40MA).
Conversely, if the worth breaches $41,882.8 and drops to $41515.3, it might point out a possible bearish reversal. If the bullish goal is conquered, the following stage to observe is $42,720.3.
2. IWM – This Is What Occurs When a Quantity Shelf Is Misplaced
See the fast transfer when $217 was misplaced; the amount hole was handed rapidly and value motion as we speak is looking for help on the increased fringe of the amount shelf. The distinction with Dow Jones is that oscillators are oversold already and value motion reveals two consecutive weeks of indecision, opening the technical doorways for a bounce. One of these indecision on the decrease Bollinger band has preceded bounces as highlighted within the chart.
Small caps would affirm the bullish reversal if the worth recovers $204.4, with a direct goal of $207.1. If the worth motion doesn’t make it above $204.4, the potential bearish reversal in direction of $201.1 can be seemingly.
The identical in-depth charts and evaluation describing the present setups, with value targets and key annual help and resistance ranges continues for SPX, VIX, NDX, SMH, PLTR, DXY, GLD, SLV, TLT, MSTR), GOOG, AAPL, NVDA, META, MSFT, TSLA, AMZN, and BTC; with volatility and breadth indicators analyzed. For those who actively make investments or commerce any of those securities, this publication is important for making knowledgeable funding choices.
Final week, the charts open for everybody had been SMH and PLTR (as as we speak DJI and IWM), presenting bullish setups; one was confirmed for PLTR for the reason that inventory jumped 5% this week; whereas SMH continues with constructive value motion.
3. SPX – The Significance of the Help and Resistance Ranges
Each Friday a set of ranges is revealed for the following week, these S&P 500 ranges have confirmed to be a dependable body of the incoming value motion.
These ranges embrace a central stage amongst layers of help and resistances, that central or key stage is charted under with a blue line, and when it’s breached by a 2H or 4H candle a promote sign is triggered. The central stage was the affirmation of the most important prime thesis one month in the past.
Through the latest weeks, value motion has carried out a fast down transfer and stays in particular ranges based mostly on the S/R ranges posted earlier than value motion happens, and for 35 securities, for entry to the degrees for subsequent week click on right here.
The most recent value motion confirmed indicators of consolidation, the degrees for subsequent week are under, with the technical studying that implies the path for subsequent week.
On this publication, I exploit quantity profile and Bollinger bands for many of the charts, and essentially the most fascinating factor is that value reached the decrease band and quantity shelfs that one month in the past would have sounded merely inconceivable. Nothing is inconceivable for the market when an indicator is elevating a flag. For Instructional content material click on in every one of many following three hyperlinks. A paid subscription grants you entry to all of the hyperlinks shared: Bollinger Bands – Quantity Profile – Instructional Technical Library
SPX – Bounce or Break?
SPX: A bounce is probably going contemplating oversold situations like value motion under the weekly Bollinger band and the indecision candle; within the each day timeframe bullish continuation is probably going contemplating candle and bullish MACD crossover.
Through the week that simply ended, the month-to-month stage $5,670 rejected value day by day. Since that line continues legitimate for yet one more week, it’s one further reference to observe (First of the 4 indicators to trace). The index as we speak signifies a bullish continuation if the worth maintains above $5,660.2, with a direct goal of $5,722.7. If the worth breaches the important thing stage of $5660.2 it might fall to $5605.1.
The likelihood for a fast transfer upcoming is probably going, in that case it’s value contemplating $5,777.8 because the prolonged bullish goal, and $5,542.6 for the bearish state of affairs. Technicals favor the bullish thesis.
If $5,777.8 is reached (which is probably going), value motion needs to be monitored rigorously, since that stage is the one which makes the distinction between a corrective or an impulsive bounce.
4. US Greenback Index
{DXY}: A bounce is probably going, this appears like a bottoming course of because the one noticed in November 2023 and October 2024, when indecisive candles appeared on the decrease Bollinger band. $104.1 is the help stage that if held, value might leap in direction of $106, with a hiccup at $105. Not rather more draw back is predicted.
5. Gold Stays in Bull Development
GLD: Gold is its bullish development drawing a possible bearish divergence with decrease RSI and better value. Bullish continuation relies on the important thing stage of $278.5 holding as help, with a direct goal of $281.5. A breach under $278.5, would purpose at $275.4.
6. Bitcoin: Bounce Incoming?
The 40 weekly common, which is as related because the 200 each day common, is supporting value, and Stochastic reaching oversold ranges maintains the thesis {that a} bounce is incoming.
See value motion in September 2023 and 2024, the decrease Bollinger band and the 40MA had been each reached (and breached), with value much less oversold. Bitcoin is in a zone the place value motion might favor the bulls even when the bounce incoming is technical or short-lived.
$88,6K continues as the important thing stage that have to be recovered to validate the bounce thesis, and given the weekly doji the targets stay much like final week: 98K will be reached if $88,6K is recovered, in any other case $78-$79K might be examined.
***
The identical in-depth charts and evaluation describing the present setups, with value targets and key annual help and resistance ranges for VIX, NDX, SMH, PLTR, SLV, TLT, MSTR, GOOG, AAPL, NVDA, META, MSFT, TSLA, and AMZN; with breadth indicators will be discovered at www.smartreversals.com.
