SNA looks headed to a major support zone around $310. Most of its products are US made so tariffs are less scary. Auto Repair industry will gain so Snap-On should benefit. $ 309.63 - 311.13 is the exact zone of interest. ================================================== .
Avalanche (AVAX) is currently presenting an intriguing setup, with price action showing signs of being overextended on the daily and 4-hour timeframes. The cryptocurrency has recently traded into a critical support zone, defined by previous swing lows on the daily chart. This area has historically acted as a strong demand zone, attracting buyers. However, AVAX has now dipped below these lows, triggering sell-side liquidity in the form of stop-loss orders placed beneath this level. This liquidity grab could be a precursor to a potential bullish reversal. ? On the 15-minute timeframe, AVAX is consolidating within a tight range, reflecting indecision among market participants. A break above this range, coupled with a bullish market structure shift, could signal the start of a reversal and provide a high-probability buy opportunity. This setup aligns with the concept of a "liquidity sweep," where price manipulates stop orders before reversing direction. Key Observations: Daily Timeframe: Price has dipped below key swing lows, eating into sell-side liquidity. 4-Hour Timeframe: Overextension is evident, with price trading into a significant support zone. 15-Minute Timeframe: Consolidation within a range, awaiting a breakout. Trading Plan: Wait for Confirmation: Monitor the 15-minute timeframe for a bullish breakout above the current range. ? Market Structure Shift: Look for higher highs and higher lows to confirm bullish intent. ? Entry Strategy: Enter long positions after a confirmed breakout, with a stop-loss placed below the range low. ?️ Target Levels: Aim for resistance zones on the 4-hour and daily timeframes as potential take-profit areas. ? Key Levels to Watch: Support Zone: Previous daily swing lows (now acting as a liquidity zone). Resistance Zone: The upper boundary of the 15-minute range and key levels on the 4-hour chart. This setup highlights the importance of patience and discipline in trading. While the liquidity grab below support is a promising signal, confirmation of a bullish breakout is essential to avoid false moves. As always, this is not financial advice, and traders should conduct their own research before making any decisions. ⚠️
We all like trend lines. Projecting some targets for future use
I am closing my short position on this index and will switch to long position soon. Weekly chart shows strong support at the purple line indicated and with a strong bullish candle reversal pattern. Please DYODD
GOLD holding on a major daily trend line support after a massive decline since last friday! Expecting a recovery with a bullish reversal from the lows of $2970's
? ? ? Market-Moving News ?: ??? New U.S. Tariffs Begin April 9: Trump’s “Liberation Day” tariffs — 10% on all imports, 25%+ on key sectors — could stir volatility. ??? China Retaliates April 10: A 34% retaliatory tariff on U.S. goods raises trade war fears and inflation concerns. ?? Big Bank Earnings Kick Off: JPMorgan, Wells Fargo, and BlackRock will report. Markets will watch closely for financial health signals. ?? March CPI Report Coming April 10: Inflation data could sway the Fed’s rate path. Forecasts call for a 0.1% increase. ⚠️ Volatility Alert: Piper Sandler projects a possible 5.6% move in the S&P 500 this week — up or down. ? Key Data Releases ? ? Monday, April 7: ?️ Fed Gov. Kugler Speaks (10:30 AM ET) ? Consumer Credit (3:00 PM ET) — Forecast: $15.5B | Prev: $18.1B ? Tuesday, April 8: ? NFIB Small Biz Optimism (6:00 AM ET) — Forecast: 100.7 ?️ Fed’s Mary Daly Speaks (8:00 AM ET) ? Wednesday, April 9: ? Wholesale Inventories (10:00 AM ET) — Forecast: 0.4% | Prev: 0.8% ?️ Fed’s Barkin Speaks (11:00 AM ET) ? FOMC Minutes (2:00 PM ET) ? Thursday, April 10: ? Jobless Claims (8:30 AM ET) — Forecast: 219K ? CPI (8:30 AM ET) — Forecast: 0.1% | Prev: 0.2% ?️ Fed Gov. Bowman Testifies (10:00 AM ET) ? Friday, April 11: ? PPI (8:30 AM ET) — Forecast: 0.2% | Prev: 0.0% ?️ Fed’s Musalem Speaks (10:00 AM ET) ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
This is the point of Control (most traded price) since the COVID crash. Looks the same for the /YM Dow Jones continuous front month contract. Why does this matter? Because that is where the market stopped for COVID Crash - the point of control going back to 2008 GFC. (which I realized 6 months later) But NOT this time! With that said - the /ES Futures are not quite to there - but interestingly and check yourself on a daily time frame the /ES Futures is at .618% Fib retracement. That folks is confluence. I'll it there for all to consider.
Cookie is going to continue dropping until 0.0186. WHY? - If you are observant, you will see a H&S(Head and Shoulders) pattern as the overall structure.But within it, there is an (M) formation and a (W). - The other leg of the H&S is the one being formed and that translates to a movement down wards the the price level of "0.0186."
This is feeling suspiciously like honey trapping of the bears and I think there's fair odds we're going to see a strong squeeze starting now and lasting over at least the next couple weeks. This could easily take us to 5800 or so inside of the head and shoulders setup
SPY long term bottom to recession levels- 360s-400 market bottom prediction MUERTE