Today’s market insights show a lot of potential opportunities across the board:
S&P 500: We’re in a strong upward imbalance, trading above the prior day’s range and value area. The focus is on long opportunities, but waiting for confirmation on any pullbacks.
NASDAQ & Russell 2000: Similar to the S&P, both are also in an upward imbalance. For the Russell, there’s a specific focus on looking for long setups around the prior day’s high.
Gold: The market is rotational within the prior day’s range and value area, with a slight bias toward looking for long opportunities from the lower end of that range.
Crude Oil: After some initial volatility, it has settled back into the prior day’s range. Long opportunities look promising, especially on a pullback to the CVA low.
Euro Dollar: The market is a bit low on volume and holding below the CVA. Longs are considered if we see acceptance back into that area, while shorts are on the table if we remain below the prior day’s value area.
Yen Dollar: Trading below the prior day’s range and value area, the focus is on short opportunities, especially if we see continued acceptance below key levels.
Aussie Dollar: It’s rotational and currently above the prior day’s value area, making both long and short opportunities viable, depending on how the market moves.
Nat Gas: It’s also rotational within the prior day’s range, but further analysis is needed after updating levels.
Overall, the strategy is to trade smart, confirm setups, and stay aware of the bigger trends while managing risk.
S&P 500: We’re in a strong upward imbalance, trading above the prior day’s range and value area. The focus is on long opportunities, but waiting for confirmation on any pullbacks.
NASDAQ & Russell 2000: Similar to the S&P, both are also in an upward imbalance. For the Russell, there’s a specific focus on looking for long setups around the prior day’s high.
Gold: The market is rotational within the prior day’s range and value area, with a slight bias toward looking for long opportunities from the lower end of that range.
Crude Oil: After some initial volatility, it has settled back into the prior day’s range. Long opportunities look promising, especially on a pullback to the CVA low.
Euro Dollar: The market is a bit low on volume and holding below the CVA. Longs are considered if we see acceptance back into that area, while shorts are on the table if we remain below the prior day’s value area.
Yen Dollar: Trading below the prior day’s range and value area, the focus is on short opportunities, especially if we see continued acceptance below key levels.
Aussie Dollar: It’s rotational and currently above the prior day’s value area, making both long and short opportunities viable, depending on how the market moves.
Nat Gas: It’s also rotational within the prior day’s range, but further analysis is needed after updating levels.
Overall, the strategy is to trade smart, confirm setups, and stay aware of the bigger trends while managing risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.