US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ *]We turn bearish as price is nearing 5830 resistance level. As long as price holds below 5830 resistance level, we expect price to push to resistance-turned-support level at 5720. Technical indicators have yet to indicate a bullish scenario.
Alternatively: A 4 hour candlestick closing below 5720 support level could open a dro...
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ *]We turn bearish as price is nearing 5830 resistance level. As long as price holds below 5830 resistance level, we expect price to push to resistance-turned-support level at 5720. Technical indicators have yet to indicate a bullish scenario.
Alternatively: A 4 hour candlestick closing below 5720 support level could open a dro...
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Hi everyone,
#ICYMI
Moving forward, I will be answering some questions that have been posted in the Learn Premium Group. This group was created by the moomoo educational team, designed to help you learn about investing. Here, you'll find daily market updates and premium investment courses to help you build your trading strategies.
Of course, you can also ask questions on topics that interest you, and group admin...
#ICYMI
Moving forward, I will be answering some questions that have been posted in the Learn Premium Group. This group was created by the moomoo educational team, designed to help you learn about investing. Here, you'll find daily market updates and premium investment courses to help you build your trading strategies.
Of course, you can also ask questions on topics that interest you, and group admin...
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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]We turn neutral as price is currently near 5720 resistance level. We expect price to hover between 5720 resistance and 5665 support level. Technical indicators are leaning towards a bullish scenario.
Alternatively: A 4 hour candlestick closing below 5665 support level could open a drop towards 5595 support level.
$USD (USDindex.FX)$(4 Hour Ch...
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]We turn neutral as price is currently near 5720 resistance level. We expect price to hover between 5720 resistance and 5665 support level. Technical indicators are leaning towards a bullish scenario.
Alternatively: A 4 hour candlestick closing below 5665 support level could open a drop towards 5595 support level.
$USD (USDindex.FX)$(4 Hour Ch...
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Trader’s Edge
commented on
Introduction
2024 so far has been a pretty one way street especially when looking at both the S&P500 and by extension the NASDAQ 100. I say this because the S&P500 has been getting increasingly concentrated in tech related stocks. And speaking of tech, the U.S. Tech sector remains a dominant force in the global economy in 2024, continuing its trajectory of innovation and growth despite navigating economic and regulatory challenges. Le...
2024 so far has been a pretty one way street especially when looking at both the S&P500 and by extension the NASDAQ 100. I say this because the S&P500 has been getting increasingly concentrated in tech related stocks. And speaking of tech, the U.S. Tech sector remains a dominant force in the global economy in 2024, continuing its trajectory of innovation and growth despite navigating economic and regulatory challenges. Le...
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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ **]We maintain a bullish directional bias as prices close above resistance-turned-support price level at 5665. As long as price holds above 5665 support level, we expect price to drift towards 5830 resistance level. Technical indicators are leaning towards a bullish scenario.
Alternatively: A 4 hour candlestick closing below ...
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ **]We maintain a bullish directional bias as prices close above resistance-turned-support price level at 5665. As long as price holds above 5665 support level, we expect price to drift towards 5830 resistance level. Technical indicators are leaning towards a bullish scenario.
Alternatively: A 4 hour candlestick closing below ...
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Stocks to Watch
Southern Company (SO US) $Southern (SO.US)$
Daily Chart -[BULLISH ↗ **]SO is holding above its ascending trendline support since April 2024. As long as price holds above 85.57 support, a further push towards 97.82 resistance is expected. Technical indicators are advocating for a bullish scenario.
Alternatively: A daily candlestick closing below 85.57 support will open a drop towards next support at 81.63.
Duke Energy Corporation (DUK U...
Southern Company (SO US) $Southern (SO.US)$
Daily Chart -[BULLISH ↗ **]SO is holding above its ascending trendline support since April 2024. As long as price holds above 85.57 support, a further push towards 97.82 resistance is expected. Technical indicators are advocating for a bullish scenario.
Alternatively: A daily candlestick closing below 85.57 support will open a drop towards next support at 81.63.
Duke Energy Corporation (DUK U...
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Trader’s Talk will be taking a break next week!
Our chief market strategist Isaac is having a well-deserved short getaway with his family, but we will be back to give you the latest insights on Sept 24.
In the meantime, stay safe and trade safe!
XOXO,
Your Trader’s Edge team
Our chief market strategist Isaac is having a well-deserved short getaway with his family, but we will be back to give you the latest insights on Sept 24.
In the meantime, stay safe and trade safe!
XOXO,
Your Trader’s Edge team
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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ *]Price is bouncing off its descendling trendline resistance, and we lean towards a bearish bias. We expect price to drift to test near 5665 resistance level before drifting down towards 5580.25 support level. Technical indicators have yet to indicate a bearish scenario.
Alternatively: A 4 hour candlestick closing below 5580.25 support l...
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ *]Price is bouncing off its descendling trendline resistance, and we lean towards a bearish bias. We expect price to drift to test near 5665 resistance level before drifting down towards 5580.25 support level. Technical indicators have yet to indicate a bearish scenario.
Alternatively: A 4 hour candlestick closing below 5580.25 support l...
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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]As expected, market pushed lower reaching previous target before rebounding sharply. We turn neutral for now given the wild swings in prices. With price consolidating between 5580.25 resistance and 5539.25 support. A candlestick close above 5580.25 resistance will open further rise towards next resistance at 5665.
Alternatively:...
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]As expected, market pushed lower reaching previous target before rebounding sharply. We turn neutral for now given the wild swings in prices. With price consolidating between 5580.25 resistance and 5539.25 support. A candlestick close above 5580.25 resistance will open further rise towards next resistance at 5665.
Alternatively:...
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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$(4 Hour Chart) -[BEARISH ↘ **]View unchanged. We maintain our bearish directional bias as price is now back to holding below 5580 resistance, a push lower towards 5405 support is expected. MACD indicator is still within bearish territory, showing that bearish momentum is still persistent.
Alternatively: A 4 hour candlestick closing above 5580 resistance will open a pu...
$E-mini S&P 500 Futures(DEC4) (ESmain.US)$(4 Hour Chart) -[BEARISH ↘ **]View unchanged. We maintain our bearish directional bias as price is now back to holding below 5580 resistance, a push lower towards 5405 support is expected. MACD indicator is still within bearish territory, showing that bearish momentum is still persistent.
Alternatively: A 4 hour candlestick closing above 5580 resistance will open a pu...
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