NDX & DJI: Key Levels & Indicators for Potential Pullbacks
1. $NASDAQ 100(NDX)$ - Daily Chart:Previous occurrences when the Money Flow Index crossed 70 were followed by pullbacks as highlighted.Will this time be different? and the 50DMA will hold a healthy pullback?The 4H chart has a potential bouncy chart, but price has to hold the current levels, otherwise a deeper reset would be in play.To be more specific, $19464 has to hold price, otherwise a gap visit would be very likely.Image2. $DJIA(.DJI)$ - Food for bears:Shooting stars are usually a sign of a local top.The are exceptions, as the one highlighted by the black arrow, anyway the oscillator was not as overbought back then.Pullback or rally continuation?More reposts needed for
$S&P 500(.SPX)$ - $5636 remains as resistance level, rejecting the price for the third consecutive day.A pullback, filling the gap, would be a healthy development, it would be a likely scenario if $VIX stays above 16.13.However, exercise caution even if you're a bear. A bullish candlestick has formed on the 4-hour chart, and the 5-day moving average continues to support the price.Bullish above $5636 for a safer entry.Drop a 💚 for $NASDAQ 100(NDX)$ and $DJIA(.DJI)$ charts. $SPDR S&P 500 ETF Trust(SPY)$$Invesco QQQ(QQQ)$ Imagehttps://x.com/SmartReversals/status/1828183457283
$NASDAQ(.IXIC)$$NASDAQ 100(NDX)$$Invesco QQQ(QQQ)$$E-mini Nasdaq 100 - main 2409(NQmain)$ Despite being in a Bullish zone, the market is currently in a correction trend, displaying a descending rectangle pattern with a higher proportion of downward movements expected over the next 10 days.Current Market Situation:NASDAQ Closing Price: 17,874.2 (+1.45%)Trend Zone: BullishInvestment Position: Buy and HoldCumulative Return: 4.0% over 8 daysLong-term Strategy:The market is in a Bullish zone, which includes an Uptrend with strong upward movements and a Correction Trend with temporary downward fluctuations.The strategy f
$Advanced Micro Devices(AMD)$ Just easy, if it drop more I will buy more and hold! Just simple because I'm sure it will fly.! $Tesla Motors(TSLA)$ same thing I will do for this another nice share. Just wait for September and will fly to the moon too! Gogogo!
Gold Prices on the Edge: What If the Fed Skips the September 2024 Rate Cut?
Overview Gold prices are currently trading near record highs, driven by a mix of geopolitical tensions, robust demand from China and India, and speculation surrounding the U.S. Federal Reserve's potential rate cuts. The recent comments from Fed Chair Jerome Powell hinted at a more significant-than-expected rate cut, contributing to the bullish sentiment in the gold market. However, the scenario could change drastically if the Fed decides to keep rates unchanged in September 2024. This report delves into the potential movements of gold prices if the Fed decides against cutting rates, examining the factors at play, market reactions, and the outlook for the precious metal. Geopolitical Tensions and Gold's Safe-Haven Appeal Geopolitical conflicts, especially in the Middle East, have traditiona
SPX - High expected returns and low risk make "Buy and Hold" a favorable strategy
$S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2409(ESmain)$ Current Market Situation:S&P 500 Closing Price: 5,634.6 (+1.15%)Trend Zone: BullishInvestment Position: Buy and HoldCumulative Return: 3.7% over 8 daysLong-term Strategy:The market is in a Bullish zone, characterized by an Uptrend with strong upward movements and a Correction Trend with temporary downward fluctuations.High expected returns and low risk make "Buy and Hold" a favorable strategy.No anticipated changes suggest maintaining the current investment position.Short-term Strategy:Market is currently in a correction trend within a Bullish zone, with potentia
$Apple(AAPL)$'s decision to replace its longtime CFO, Luca Maestri, with Kevan Parekh is a strategic move that signals the company's commitment to continuity and innovation. While Maestri's tenure has been marked by significant financial success, Parekh's appointment brings a fresh perspective and a deep understanding of Apple's operations. Parekh's long tenure at Apple, including his role as VP of Financial Planning and Analysis under Maestri, ensures a smooth transition. His familiarity with Apple's financial intricacies and strategic goals positions him well to lead the company's financial operations. Maestri's tenure has been characterized by remarkable financial growth, with Apple's revenue soaring from $183 billion in 2014 to $383 billion in
🎁Meta Siding with Trump! Are the Election and Meta's Future Now Clearer?
Zuckerberg release a letter on August 26th.In the letter, Mark Zuckerberg addresses concerns about how the U.S. government interacts with $Meta Platforms, Inc.(META)$, particularly around content moderation on the platform. He acknowledges the pressure from the Biden Administration to censor COVID-19 content but emphasizes that Meta made its own decisions and regrets not speaking out more. Additionally, Zuckerberg mentions a situation with the FBI warning about potential Russian disinformation before the 2020 election and notes that Meta has since revised its content handling policies to avoid similar issues in the future.Previously, former U.S. President Donald Trump threatened that if he is re-elected, he would imprison "election fraudsters" lik
$SPDR Gold Shares(GLD)$ Looking bullish. Entered my first position at 220.97 and added another position at 228.80 when it broke and retested the previous all time high. Looking good:)
$PDD Holdings Inc(PDD)$ sold off into trendline support. I would be apprehensive about shorting off this level after it filled the 95 gap. Yesterday's daily candle closed with the largest volume in years, and we are retesting a prior resistance level from above, suggesting a potential S/R flip is taking place. I'm expecting some volatility ahead as the stock consolidates around this level, but ultimately think that it will resume its uptrend in the coming weeks. Am positioned for the reversion back to the upside, considering the weight of this selloff.$PDD Holdings Inc(PDD)$
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🚀Key events in the coming week, share your trading plans!
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🔥Tell us your tricks for creating wealth on the market!
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Will Nvidia's Q2 Earnings Blowout Trigger a Tech ETF Surge?
Analysts predict that Nvidia’s revenue and profit will more than double compared to the same period last year.This week’s most anticipated financial event is Nvidia’s (NVDA) earnings report, scheduled for release after the bell on August 28, Wednesday. The performance for this quarter could act as a major catalyst for AI trading and the broader U.S. stock market.With extremely high market expectations, Nvidia (NVDA) needs to surpass challenging benchmarks to meet investor demands. The company’s stock has surged nearly 160% this year.Bloomberg reports that analysts expect Nvidia’s earnings per share to be $0.64, with revenue reaching $28.8 billion, marking year-over-year increases of 133% and 109%, respectively. Earlier this year, following its Q1 report, Nvidia initiated a 10-for-1 stock s