The S&P 500 index is waiting for the Fed policy statement. Typically, stock indices want to see lower interest rate but the expectation is the Fed will leave their interest rate policy unchanged.
possible short entry and most probably might hold it until the 2ns support, deffinetly a trade to look out for.
re accumulation happening at higher levels, about to breakout the consolidation zone...
I shorted pnut. Target $0.1565 Setup aligns with my DTT strategy.(Direction, Target and Timing) Roughly 5 RR trade. Might scale in later on. Still monitoring my entry to exit and re-enter if needed. Am confident in the direction and target just a matter of timing the entry now. Should be relatively smooth drop once 0.1687 weak support is cleared.
There is a pattern to sell this pair at the stop loss level (24800) This level was resisted yesterday. It is the all time high and a counter trend. Will look to exit as soon as it goes oversold and attempt to go long.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
? ? ? Market-Moving News ?: ??? Federal Reserve Interest Rate Decision ?: The Federal Open Market Committee (FOMC) will announce its interest rate decision on Wednesday, March 19, at 2:00 PM ET, followed by a press conference with Fed Chair Jerome Powell at 2:30 PM ET. The Fed is widely expected to maintain the federal funds rate at its current range of 4.25% to 4.5%. Investors will closely monitor the Fed's economic projections and Powell's comments for insights into future monetary policy, especially in light of ongoing trade tensions and global economic uncertainties. ??? Bank of Japan Monetary Policy Decision ?: The Bank of Japan (BOJ) is set to announce its monetary policy decision on March 19. The BOJ is expected to keep interest rates steady, as policymakers assess the potential impact of U.S. trade policies on Japan's export-driven economy. The yen has remained stable ahead of the announcement, with traders awaiting the BOJ's guidance on future monetary policy. ? Key Data Releases ?: ? Wednesday, March 19: ? Existing Home Sales (10:00 AM ET) ?:This report measures the annualized number of existing residential buildings sold during the previous month, providing insight into the strength of the housing market. Forecast: 5.50 million annualized units Previous: 5.47 million annualized units ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️ ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Gap up opening expected in nifty. After opening expected resistance near 22950 level. Possible reversal from this level. Downside 22750 level will act as a support for nifty. Strong upside rally expected if nifty starts trading above 23000 level. This upside rally can goes upto 23250+ level in today's session.
eurcad buy strong signal OANDA:EURCAD reason is 1day uptrend so 4hr retracement key level touch and retracement
CAPITALCOM:US100 on 4H timeframe made a HL on Mar 13, and then a CHoCH and HH on Mar 17. The price usually retrace after a BOS or CHoCH, and yes, it did yesterday (Mar 18) back to 61.8%Fib retracement line. I anticipate that CAPITALCOM:US100 might hit 20,243 in a couple of days. This is a pure guess though.