The Bottom Line:
- We’re in a downtrend on ES daily with higher low at 5263
- Bitcoin down 5.5%, approaching oversold on 4-hour chart
- Chart analysis on PLTR, XOM, GRWG, Gold, and various stocks
- Market overview including indices, VIX, Hang Seng, Dax, and more
- Potential trade setups on Apple, Amazon, Nvidia, Tesla, and more
ES Daily Downtrend with Higher Low at 5263
ES Daily Downtrend with Higher Low at 5263
We’re in a 4our downtrend on ES daily, higher low still intact at 5263 just by the hair of its chinny chin. We’re looking more bearish than bullish with the 4 Hour and hourly trend back to the Bears, along with a strong dollar and vix being headwinds for the markets. Bitcoin’s weakness prompts the question if it’s a Canary for potential happenings on NASDAQ. The indices are leaning a little more bearish than bullish, with ES holding daily support at 5263 and NQ holding at 37850. RTY is weaker than NASDAQ and ES, with DOW showing some weakness too. The Russell is the weakest, but we’re looking for a daily higher low there. VIX is green and moving over the daily 50 MA, signaling bullishness currently.
Bitcoin Down 5.5% Approaching Oversold on 4-Hour Chart
Market Trends and Indices Overview
We’re in a 4our downtrend on ES daily, higher low still intact at 5263 just by the hair of its chinny chin. We’re looking more bearish than bullish with the 4 Hour and hourly trend back to the Bears, along with a strong dollar and vix being headwinds for the markets. Bitcoin’s weakness prompts the question if it’s a Canary for potential happenings on NASDAQ. The indices are leaning a little more bearish than bullish, with ES holding daily support at 5263 and NQ holding at 37850. RTY is weaker than NASDAQ and ES, with DOW showing some weakness too. The Russell is the weakest, but we’re looking for a daily higher low there. VIX is green and moving over the daily 50 MA, signaling bullishness currently.
Bitcoin Weakness and Market Analysis
Bitcoin’s weakness prompts the question if it’s a Canary for potential happenings on NASDAQ. We’re down almost 6%, super weak on bitcoin. The market is looking more bearish than bullish as the trend is back to the bears, with a strong dollar and vix as potential headwinds. Traders are advised to watch the Bitcoin movement closely as it may influence the broader market trends.
Technical Analysis and Chart Observations
Indices are leaning a little more bearish than bullish with ES holding daily support at 5263 and NQ at 37850. The Russell is the weakest index, indicating possible risk-off sentiment in the market. VIX is showing strength by moving over the daily 50 MA, suggesting a bullish outlook. Traders are advised to monitor these key indices for potential market direction changes.
Chart Analysis on PLTR, XOM, GRWG, Gold & Various Stocks
Bitcoin Weakness and Market Analysis
Bitcoin’s weakness prompts the question if it’s a Canary for potential happenings on NASDAQ. We’re down almost 6%, super weak on bitcoin. The market is looking more bearish than bullish as the trend is back to the bears, with a strong dollar and vix as potential headwinds. Traders are advised to watch the Bitcoin movement closely as it may influence the broader market trends.
Technical Analysis and Chart Observations
Indices are leaning a little more bearish than bullish with ES holding daily support at 5263 and NQ at 37850. The Russell is the weakest index, indicating possible risk-off sentiment in the market. VIX is showing strength by moving over the daily 50 MA, suggesting a bullish outlook. Traders are advised to monitor these key indices for potential market direction changes.
Market Overview Including Indices, VIX, Hang Seng, Dax & More
Bitcoin Weakness Impact on Market Trends
Bitcoin’s weakness prompts the question if it’s a Canary for potential happenings on NASDAQ. We’re down almost 6%, super weak on bitcoin. The market is looking more bearish than bullish as the trend is back to the bears, with a strong dollar and vix as potential headwinds. Traders are advised to watch the Bitcoin movement closely as it may influence the broader market trends.
Indices Analysis and Market Outlook
Indices are leaning a little more bearish than bullish with ES holding daily support at 5263 and NQ at 37850. The Russell is the weakest index, indicating possible risk-off sentiment in the market. VIX is showing strength by moving over the daily 50 MA, suggesting a bullish outlook. Traders are advised to monitor these key indices for potential market direction changes.
Technical Chart Insights and Observations
We’re in a 4our downtrend on ES daily, higher low still intact at 5263 just by the hair of its chinny chin. The market is showing signs of being more bearish than bullish, with key indicators such as the dollar, VIX, and Bitcoin impacting market sentiment. Traders are encouraged to stay vigilant and adaptable to changing market conditions for successful trading strategies.
Potential Trade Setups on Apple, Amazon, Nvidia, Tesla & More
Bitcoin Weakness Impact on Market Trends
Bitcoin’s weakness prompts the question if it’s a Canary for potential happenings on NASDAQ. We’re down almost 6%, super weak on bitcoin. The market is looking more bearish than bullish as the trend is back to the bears, with a strong dollar and vix as potential headwinds. Traders are advised to watch the Bitcoin movement closely as it may influence the broader market trends.
Indices Analysis and Market Outlook
Indices are leaning a little more bearish than bullish with ES holding daily support at 5263 and NQ at 37850. The Russell is the weakest index, indicating possible risk-off sentiment in the market. VIX is showing strength by moving over the daily 50 MA, suggesting a bullish outlook. Traders are advised to monitor these key indices for potential market direction changes.
Technical Chart Insights and Observations
We’re in a 4our downtrend on ES daily, higher low still intact at 5263 just by the hair of its chinny chin. The market is showing signs of being more bearish than bullish, with key indicators such as the dollar, VIX, and Bitcoin impacting market sentiment. Traders are encouraged to stay vigilant and adaptable to changing market conditions for successful trading strategies.
