US 100 Index (Nasdaq 100), and it builds upon the previous chart with added indicators. Let’s break it down further for technical analysis:
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Key Indicators Added:
1. MACD Strategy (12, 26, 9):
MacdLE = Long Entry (blue arrow up)
MacdSE = Short Entry (red arrow down)
Signals correspond to MACD crossovers suggesting buy/sell momentum.
2. Supertrend (10, 3):
The red Supertrend line above the price indicates a bearish bias as of the latest candle. Supertrend often acts as dynamic support/resistance.
3. Moving Averages (MA):
Multiple MAs plotted (likely 9, 21, and 50 EMA/SMA judging by common usage and colors).
They are flattening out, indicating reduced momentum and sideways movement.
4. RSI (14, Close):
RSI is currently at 56.97, slightly above the neutral 50 level, showing mild bullish momentum.
No overbought (>70) or oversold (<30) conditions present.
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Trend Analysis:
Previous Downtrend: Confirmed by the descending price channel and consistent MacdSE signals.
Current Price Action:
Consolidation Phase: Price is moving sideways within a clear range (approx. 19,520–19,850 USD).
Price is testing the upper range and trying to break resistance near 19,850, where Supertrend also acts as a cap.
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Market Sentiment Summary:
Bearish Bias Weakening: The downtrend has halted, and now we see range-bound movement.
Potential Breakout Setup:
If price breaks above 19,850, especially with RSI moving toward 60–70 and a bullish MacdLE signal, this could start a new bullish leg.
If rejected again near 19,850, price may revert back toward the range bottom (~19,520).
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Trading Ideas:
1. Range Trading:
Buy near 19,520 support, sell near 19,850 resistance until a breakout confirms.
2. Breakout Strategy:
Watch for price above 19,850 with volume, RSI > 60, and bullish MACD crossover to go long.
Alternatively, break below 19,520 could signal continuation of the downtrend.
market is neutral with a slight bullish bias — here's why:
Neutral (Range-Bound) Conditions:
The US 100 Index is clearly in a consolidation range between 19,520 and 19,850.
Price has not broken above resistance (19,850) or below support (19,520), so no trend dominance yet.
Bullish Signals:
RSI = 56.97, trending above 50 → bullish momentum is building, but not strong yet.
Price is testing the top of the range, which shows bulls are trying to break out.
MACD Long Entries (MacdLE) are appearing more frequently, suggesting buy pressure.
Bearish Factors:
Supertrend is still red, indicating bearish control hasn’t fully shifted.
Price hasn’t confirmed a breakout; rejection at 19,850 could send it back down.
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Conclusion:
Not fully bullish yet, but leaning bullish if price breaks above 19,850 with strength.
Until then, it’s technically neutral/range-bound with a bullish bias trying to emerge.
Note: This is not a trading signal, just my personal analysis based on current market trends.
---
Key Indicators Added:
1. MACD Strategy (12, 26, 9):
MacdLE = Long Entry (blue arrow up)
MacdSE = Short Entry (red arrow down)
Signals correspond to MACD crossovers suggesting buy/sell momentum.
2. Supertrend (10, 3):
The red Supertrend line above the price indicates a bearish bias as of the latest candle. Supertrend often acts as dynamic support/resistance.
3. Moving Averages (MA):
Multiple MAs plotted (likely 9, 21, and 50 EMA/SMA judging by common usage and colors).
They are flattening out, indicating reduced momentum and sideways movement.
4. RSI (14, Close):
RSI is currently at 56.97, slightly above the neutral 50 level, showing mild bullish momentum.
No overbought (>70) or oversold (<30) conditions present.
---
Trend Analysis:
Previous Downtrend: Confirmed by the descending price channel and consistent MacdSE signals.
Current Price Action:
Consolidation Phase: Price is moving sideways within a clear range (approx. 19,520–19,850 USD).
Price is testing the upper range and trying to break resistance near 19,850, where Supertrend also acts as a cap.
---
Market Sentiment Summary:
Bearish Bias Weakening: The downtrend has halted, and now we see range-bound movement.
Potential Breakout Setup:
If price breaks above 19,850, especially with RSI moving toward 60–70 and a bullish MacdLE signal, this could start a new bullish leg.
If rejected again near 19,850, price may revert back toward the range bottom (~19,520).
---
Trading Ideas:
1. Range Trading:
Buy near 19,520 support, sell near 19,850 resistance until a breakout confirms.
2. Breakout Strategy:
Watch for price above 19,850 with volume, RSI > 60, and bullish MACD crossover to go long.
Alternatively, break below 19,520 could signal continuation of the downtrend.
market is neutral with a slight bullish bias — here's why:
Neutral (Range-Bound) Conditions:
The US 100 Index is clearly in a consolidation range between 19,520 and 19,850.
Price has not broken above resistance (19,850) or below support (19,520), so no trend dominance yet.
Bullish Signals:
RSI = 56.97, trending above 50 → bullish momentum is building, but not strong yet.
Price is testing the top of the range, which shows bulls are trying to break out.
MACD Long Entries (MacdLE) are appearing more frequently, suggesting buy pressure.
Bearish Factors:
Supertrend is still red, indicating bearish control hasn’t fully shifted.
Price hasn’t confirmed a breakout; rejection at 19,850 could send it back down.
---
Conclusion:
Not fully bullish yet, but leaning bullish if price breaks above 19,850 with strength.
Until then, it’s technically neutral/range-bound with a bullish bias trying to emerge.
Note: This is not a trading signal, just my personal analysis based on current market trends.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.