Hi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price reached the resistance level, which coincided with the resistance zone, broke it, and rose to the trend line. Then Gold started to decline inside the wedge and soon broke the 2690 level, after which dropped until to the support level and even lower the support zone to 2584 points (support line of wedge) and then turned around. Some time, the price trades below the support level and tries to break it, but it does this on the third try. Then Gold rose a little and made a correction to the support level, after which rebounded and started to grow to the resistance level. When XAU reached this level, it broke it and touched the trend line, after which made a correction movement, breaking the resistance level one more time. Then it turned around and rose to the resistance level one more time and touched the trend line again, after which started to decline. In my mind, XAUUSD will reach the trend line one more time and then continue to decline in the wedge. For this case, I set my goal at 2660 points. If you like my analytics you may support me with your like/comment ❤️
Nothing much to say than saying vasatality is the key to forex brain.
The picture basically explains everything that has to be explained, follow for Decent TA
My simple analysis shows that the market will continue heading high, our Swing high was broken which shows buyers are still pushing the market high a retest might occur, of which it will give us an opportunity to enter buys again before the market takes off ?
The USDCHF pair has broken below a key ascending trendline, signaling a potential shift in momentum. This move aligns with a bearish bias, suggesting that price action may now head lower. If the price retraces back to the broken trendline or nearby resistance levels and forms bearish confirmations—such as rejection patterns, bearish engulfing candles, or long upper wicks, it could reinforce the likelihood of further downside movement. Should this scenario materialize, sellers may target the 0.90484 level as the next area of interest. A sustained breakdown below this support zone could pave the way for continued bearish pressure. However, traders should remain cautious. A break back above the resistance zone or strong bullish momentum could invalidate this outlook.
This is a blank chart. Those who know me would know how to draw the lines by now. FX trading is very simple - it is just finding what works, and what doesn't. Things that don't work need to be discarded ASAP. You would need your common sense to help you. So tell me, how the fcuk can you use Elliot Wave to help you in the chart above? And stop listening to those dumb fcuk out there. The ONLY person you need to rely on is YOURSELF and your COMMON SENSE. Good luck.
once weekly demands are hit in the mid .200 range will be the last chance to buy SUI this low dont miss out!!
ATH/USDT is currently trading within a wide sideways zone. The price is moving upward, supported by a rising trendline marked in black, and consistently forming higher lows. As an AI-driven coin with strong fundamentals, it’s worth adding to your watchlist. DYOR, NFA
MNQ!/NQ1! Day Trade Plan for 01/15/25 (will update for second target) ? 21323.5 ? 20764.25 1/2 way mark ? 21183.75 & ? 20904.25 Like and share for more daily NQ levels ? *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
1. Introduction The S&P 500 Futures (ES) represents one of the most actively traded futures contracts globally, serving as a benchmark for U.S. equity markets. Its liquidity and versatility make it a prime choice for traders seeking exposure to market movements. However, the factors driving these movements are far from random. Economic indicators often play a pivotal role in influencing the direction and volatility of S&P 500 Futures. In this article, we dive into how various economic indicators shape the performance of S&P 500 Futures on daily, weekly, and monthly timeframes. Leveraging machine learning, specifically a Random Forest Regressor, we’ve identified the top drivers of these futures’ returns. The findings offer traders actionable insights to fine-tune their strategies and understand the broader market dynamics. 2. Understanding S&P 500 Futures Product Specifications: Tick Size: Each tick represents 0.25 index points, equivalent to $12.50 per tick. Trading Hours: Nearly 24-hour trading cycle, ensuring liquidity across time zones. Micro Contracts: Micro E-mini S&P 500 Futures (MES): Designed for smaller-scale traders with a contract size 1/10th of the standard E-mini contract. Advantages: Lower initial margin requirements and smaller tick values allow traders to manage positions more flexibly. Margin Requirements: Initial and maintenance margins vary based on volatility and market conditions. Currently around $15,500 per contract. Micro contracts offer significantly lower margin requirements, making them ideal for retail traders or those testing strategies. Currently around $1,550 per contract. 3. Key Economic Indicators Influencing S&P 500 Futures Daily Impacts: https://www.tradingview.com/x/p3N02kEg/ 1. Labor Force Participation Rate: Reflects the percentage of the working-age population that is employed or actively seeking employment. A rise in this rate often signals economic optimism, driving equities higher. 2. Building Permits: Tracks the number of new residential construction permits issued. A strong rise in permits indicates confidence in the housing market, which can positively influence broader economic sentiment and equities. 3. Initial Jobless Claims: A leading indicator of labor market health, providing real-time insights into layoffs. Weekly fluctuations can significantly impact intraday futures trading. Weekly Impacts: https://www.tradingview.com/x/nGrbM4r9/ 1. Corporate Bond Spread (BAA - 10Y): A measure of credit risk in the economy, reflecting the difference between corporate bond yields and Treasury yields. Widening spreads often signal economic uncertainty, weighing on equity markets. 2. Velocity of Money (M2): Represents the rate at which money circulates in the economy. High velocity can indicate economic expansion, while slowing velocity may suggest stagnation, affecting equity futures trends. 3. Net Exports: Tracks the balance of a country’s exports and imports. Positive trends often boost market optimism, whereas persistent deficits can trigger concerns about economic health. Monthly Impacts: https://www.tradingview.com/x/LwXImgE7/ 1. Oil Import Price Index: Reflects the cost of imported crude oil, which has ripple effects on production costs across industries. Rising oil import prices may pressure corporate earnings, impacting the broader S&P 500 index. 2. PPI: Processed Foods and Feeds: Tracks price changes in processed agricultural products, offering insights into supply chain pressures. Sharp increases can hint at inflationary risks, influencing long-term equity market sentiment. 3. Consumer Sentiment Index: o Measures consumer confidence, a leading indicator of economic health. o High sentiment often signals robust consumer spending, which supports equities. 4. Applications for Different Trading Styles Day Traders: Focus on daily indicators like Initial Jobless Claims and Labor Force Participation Rate. Example: A sudden drop in jobless claims could signal short-term economic strength, providing day traders with bullish opportunities. Swing Traders (Weekly): Leverage weekly trends like Corporate Bond Spread or Velocity of Money (M2). Example: A narrowing bond spread might indicate improving business confidence, aligning with medium-term bullish positions. Position Traders (Monthly): Use monthly indicators such as Oil Import Price Index and Consumer Sentiment Index to identify macroeconomic trends. Example: Rising consumer sentiment could indicate a stronger economy, supporting long-term bullish strategies in S&P 500 Futures. 5. Risk Management Through Indicator Analysis Refining Entry and Exit Points: Use indicator data to align trades with anticipated market shifts. For instance, an uptick in the Oil Import Price Index might signal upcoming headwinds for equities. Managing Leverage: Understanding the volatility drivers like Treasury Yields can help traders adjust position sizes to manage risk effectively. Diversification Across Timeframes: Incorporate insights from multiple timeframes to hedge risks. For example, while short-term indicators may suggest volatility, long-term metrics can provide stability signals. Hedging Strategies: Use correlated assets or options to mitigate downside risks. Combining economic indicator analysis with market seasonality can enhance portfolio resilience. 6. Conclusion Economic indicators provide invaluable insights into the drivers of S&P 500 Futures, helping traders align their strategies with market trends. Whether focusing on daily volatility from indicators like Initial Jobless Claims or broader monthly trends such as the Consumer Sentiment Index, understanding these relationships can enhance trading decisions. By leveraging machine learning and data-driven analysis, this article highlights how indicators shape market movements across various timeframes. The insights empower traders to adopt tailored approaches—whether intraday, swing, or long-term—while improving risk management practices. This framework not only applies to S&P 500 Futures but can also be extended to other markets. Stay tuned for the next article in the "Behind the Curtain" series, where we explore another futures market and its relationship with key economic indicators. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: http://www.tradingview.com/cme/ - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.