Good Evening and I hope you are well. tl;dr dax xetra - Neutral and waiting for bears. New ath 20629 and market stayed above 20600, which is very bullish. Bears would need a miracle to reverse this over the next 1-2 days. We are once again at multiple upper bullish trend lines that should be resistance but market could just continue higher. I don’t have any interest in buying this but would need very strong signals to short this right now. I still think the bull wedge is the pattern to trade here and I wait for bears to come around. comment: What are the odds of 20629 being the high and we go down from here? Low at best. Since the overall markets have been choppy as hell, it’s not entirely out of the question that this could reverse strongly but I highly doubt it. current market cycle: bull wedge key levels: 20100 - 20700 bull case: Bulls got a new ath and now what? I have two trend lines that have room to be hit and one would even get us to 21000. Bulls want the obvious follow through and preferably stay above the 15m or 60m 20ema and just continue higher. Buying above 20600 is hard though. Stop would have to be at least 20420 and betting on this getting to 20800 is a stretch but so was making a new ath again. I got two measured move targets 20800 and 21000. Invalidation is below 20420. bear case: Bears pretty much did nothing since EU open and we can’t expect them to come around all of a sudden tomorrow. Best bears can hope for here is to stop the advance and go sideways until we get a new impulse. Trading consecutive bear bars below the 15m 20ema is their first target for tomorrow and if a miracle happens, retesting 20420 would be the next target. Invalidation is above 20650. short term: Neutral. Bullish if momentum continues and we stay above 15m or 60m 20ema. Bears can only get me below 20420 again. medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025. current swing trade: None - cut my losses on last position. Need to see bigger bear bars first before thinking about it again. trade of the day: Could have bought anywhere and made money. Most happened due to news, so that’s always tough and I never gamble on it.
Atlas - Market Mid-Week Update for Assets - Jan 15th 2025 . By: Noble.Mike.Jamison
Hello, fellow traders! DOT is looking promising on the daily timeframe. We've got a bullish wedge pattern forming beautifully, with a solid bounce off a strong support level (0.61 Fib) safest entry is to wait for the breakout. Targets? They're clearly marked on the chart for you to aim for. As for your stop loss, the choice is yours: Place it below the green support zone, or better Tuck it under the lower trendline of the wedge. Just make sure it’s based on a daily candle close. Good luck, and may the profits roll in! ? COINBASE:DOTUSD BINANCE:DOTUSD BINANCE:DOTUSDT BINANCE:DOTUSDT.P KUCOIN:DOTUSDT BINANCE:BTCUSDT
mission critical mast brake out to the upside !!! Could we see the start of the gas lighting fire works !!
Palo Alto Networks (PANW) the heavy weight in the Cybersecurity ETF HACK has had a very bad last few weeks. The recent correction brought the stock to the 200 Day SMA. In the past every time this happened there has been a rebound form the 200 Day SMA. Will this time will it be different ?
The trend is your friend. Late to the party anyone? Tech is going to be so big this year, I know it.SHORT QQQ
Don't miss this opportunity to buy LTC at this levels!
In this chart I talk about the pattern in the S&P . There is just no way to know where it will end up. What do you guys think? Where will it go in your opinion ??
I have already sent out this Analysis on #FTSE previously so if you want to check out where target 2 is you should check those ideas out. Plus you can squeeze the chart down here so you can locate the Target structure... & entry for the for the BULL trade ... but now there is a viable short again... This could go much lower as detailed in a previous idea. Lets go #FTSE and yes it was a close call on the last #BEAR idea which was again correct but closed it for perspective on stops... (as you will see) even though we are clearly still in play for still the lower TP 3.
Fundamental Analysis: The iShares MSCI Emerging Markets ETF (EEM) tracks the MSCI Emerging Markets Index, which includes stocks from developing economies like China, India, Brazil, and South Korea. These economies often experience higher growth rates than developed markets due to industrialization, increasing consumer spending, and favorable demographic trends. Here are some fundamental reasons to consider buying EEM: Growth Potential in Emerging Markets: Emerging markets are expected to grow faster than developed markets, driven by factors like expanding middle-class populations, urbanization, and increasing adoption of technology. The IMF projects strong GDP growth for countries in the MSCI Emerging Markets Index over the next few years, which could support corporate earnings growth. Valuation Discount: Emerging market equities currently trade at a discount to developed markets, such as the U.S., on a price-to-earnings (P/E) and price-to-book (P/B) basis. This presents an attractive entry point for long-term investors. Weakening U.S. Dollar: Emerging market assets tend to benefit from a weaker U.S. dollar, as many countries in the index rely on exports priced in USD. Recent signals from the Federal Reserve about slowing interest rate hikes or potential rate cuts could lead to dollar depreciation, boosting emerging market equities. Commodity Strength: Many countries in the MSCI Emerging Markets Index are resource-rich, and rising commodity prices due to global infrastructure spending and energy transitions could support their economies. China Reopening and Recovery: As the largest weight in the MSCI Emerging Markets Index, China's post-COVID recovery could be a significant tailwind for EEM, supported by stimulus measures and a rebound in domestic demand. Technical Analysis: From the chart provided, several technical indicators suggest now may be a good time to initiate a position in EEM: Support at Regression Channel: The chart shows a multi-year linear regression channel with price currently testing the lower end of the channel (red zone). This lower boundary acts as strong support, suggesting a potential reversal to the upside. Fibonacci Support Level: EEM is holding around a key Fibonacci retracement level, a zone often associated with buying interest. Historically, this level has acted as a reliable support zone. Oversold Conditions: Price action appears oversold relative to the broader trend within the regression channel. The recent pullback provides an opportunity to buy near technical support rather than chasing prices higher. Volume Confirmation: The volume profile indicates a higher level of activity around the current price range, signifying potential accumulation by institutional investors or long-term buyers. Risk-to-Reward Ratio: Initiating a position near the bottom of the regression channel provides a favorable risk-to-reward ratio. Upside potential extends to the mid or upper parts of the channel, while downside risk is limited by nearby support. Bollinger Band and Mean Reversion: Although Bollinger Bands are not explicitly visible in this chart, prices appear to be in an extended move toward the lower range of the regression channel, which typically precedes a mean-reversion move higher. Strategy: From a fundamental perspective, EEM is attractive due to its valuation discount, expected GDP growth, and macroeconomic tailwinds (e.g., a weaker dollar, commodity strength). From a technical perspective, the ETF is at a strong confluence of support levels, providing an excellent entry point with a favorable risk-to-reward ratio. Investors can consider initiating a position now and scaling into it further if EEM confirms a reversal upward. Setting a stop-loss just below the lower regression channel boundary will help mitigate downside risk. You said: I like this but remove the fibonocci entry. ChatGPT said: Here’s the revised analysis without mentioning Fibonacci levels: Fundamental Analysis: The iShares MSCI Emerging Markets ETF (EEM) tracks the MSCI Emerging Markets Index, which includes stocks from developing economies like China, India, Brazil, and South Korea. These economies often experience higher growth rates than developed markets due to industrialization, increasing consumer spending, and favorable demographic trends. Here are some fundamental reasons to consider buying EEM: Growth Potential in Emerging Markets: Emerging markets are expected to grow faster than developed markets, driven by factors like expanding middle-class populations, urbanization, and increasing adoption of technology. The IMF projects strong GDP growth for countries in the MSCI Emerging Markets Index over the next few years, which could support corporate earnings growth. Valuation Discount: Emerging market equities currently trade at a discount to developed markets, such as the U.S., on a price-to-earnings (P/E) and price-to-book (P/B) basis. This presents an attractive entry point for long-term investors. Weakening U.S. Dollar: Emerging market assets tend to benefit from a weaker U.S. dollar, as many countries in the index rely on exports priced in USD. Recent signals from the Federal Reserve about slowing interest rate hikes or potential rate cuts could lead to dollar depreciation, boosting emerging market equities. Commodity Strength: Many countries in the MSCI Emerging Markets Index are resource-rich, and rising commodity prices due to global infrastructure spending and energy transitions could support their economies. China Reopening and Recovery: As the largest weight in the MSCI Emerging Markets Index, China's post-COVID recovery could be a significant tailwind for EEM, supported by stimulus measures and a rebound in domestic demand. Technical Analysis: From the chart provided, several technical indicators suggest now may be a good time to initiate a position in EEM: Support at Regression Channel: The chart shows a multi-year linear regression channel with price currently testing the lower end of the channel (red zone). This lower boundary acts as strong support, suggesting a potential reversal to the upside. Oversold Conditions: Price action appears oversold relative to the broader trend within the regression channel. The recent pullback provides an opportunity to buy near technical support rather than chasing prices higher. Volume Confirmation: The volume profile indicates a higher level of activity around the current price range, signifying potential accumulation by institutional investors or long-term buyers. Risk-to-Reward Ratio: Initiating a position near the bottom of the regression channel provides a favorable risk-to-reward ratio. Upside potential extends to the mid or upper parts of the channel, while downside risk is limited by nearby support. Bollinger Band and Mean Reversion: Although Bollinger Bands are not explicitly visible in this chart, prices appear to be in an extended move toward the lower range of the regression channel, which typically precedes a mean-reversion move higher. Strategy: From a fundamental perspective, EEM is attractive due to its valuation discount, expected GDP growth, and macroeconomic tailwinds (e.g., a weaker dollar, commodity strength). From a technical perspective, the ETF is at a strong confluence of support levels, providing an excellent entry point with a favorable risk-to-reward ratio. Investors can consider initiating a position now and scaling into it further if EEM confirms a reversal upward. Setting a stop-loss just below the lower regression channel boundary will help mitigate downside risk. Entry Price $41.50 - $42.50 Lont Term Price Target $47.00