Going over todays price action and new positions!I hope everyone is doing great and I'm back with another video for you folks! In this video we go over todays price action and what to make of it and we also talk about a new potential pattern that I spotted on my chart and I share with you folks. Also we talk about some new positions that i took on for us to study! I hope you enjoy, If you find these videos helpful I would appreciate if you follow, boost and comment.
Market indices
Dow Jones Wave Analysis – 15 July 2026- Dow Jones reversed from support zone
- Likely to rise to resistance level 53500.00
Dow Jones Industrial Average index recently reversed up once again from the support zone between the key support level 52250.00 (former resistance from June), 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from June.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer, which stopped earlier wave iv.
Given the clear daily uptrend, Dow Jones Industrial Average index can be expected to rise to the next resistance level 53500.00 (top of the previous impulse wave iii).
DXY Bearish Breakout! Sell!
Hello, Traders!
DXY a confirmed breakout below the demand area shifts market structure bearish. Smart Money favors continuation lower after any weak pullback, targeting the next demand zone. Time Frame 4H.
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Market Update 7-15Another move up to over 7600 wouldn't surprise me, but I think this general area is a short. SPY/QQQ may break above resistance which means tech may sell more than SPY in the coming weeks. SOXX still needs to take out 540 support first for that to happen. I cover the other markets as well.
Bank Nifty Index Intraday Technical Analysis for 16 July, 26NSE:BANKNIFTY
Nifty Bank Index (NSE) | Intraday Structure | July 16, 2026
Bank Nifty is trading around 57,719.10, hovering tightly right under the 57,758 Zero Line. The index is grinding through a localized consolidation block after experiencing massive intra-day volatility over the preceding sessions, catching support from its structural demand bases near 57,545 while facing supply-side cap pressure.
Price action enters today's session heavily compressed inside the primary pivot cluster. Institutional market participants are matching order flows within a narrow range, waiting for a definitive high-volume candle breakout to define the broader trend. Let the market establish clean structural acceptance away from this zone before allocating risk.
Bullish Triggers
Long Entry: Above 57,918 (strongly validated while price holds structural footing above the 57,847 Add Long Pos. band).
Targets: 58,131 - 58,361
Risk Control: Structure weakens below 57,847. Hard exit below 57,977.
Bearish Triggers
Short Entry: Below 57,776 (especially if liquidity pushes fail to break the 57,758 Zero Line, turning it into a strict distribution ceiling).
Targets: 57,385 - 57,154
Risk Control: Cover immediately above 57,683. Day Bias remains structurally protected above 57,545.
No-Trade Chop Zone: 57,776 - 57,918
Expect highly choppy, rotational price action within this block as option writers seek to decay premium. Avoid chasing early morning whipsaws inside this decision band; let a clean 15-minute structural candle close confirm true institutional intent.
Execution Rule: Structure first, confirmation next. Zero anticipation.
Hit Boost and drop your view in the comments if you're tracking these levels today.
#BankNifty
Cybersecurity: Balancing Tactical Pullbacks with Secular Growth
The long term fundamental story for cybersecurity is incredibly strong. Mandatory enterprise spending, AI driven threats, and platform consolidation provide a massive multi-year demand floor.
However, the daily chart suggests patience is key right now. Price is backing off while RSI and squeeze momentum show clear bearish divergences.
The short term trend (white dotted line) is the key pivot here. If that line breaks, we are likely looking at a healthy consolidation down to the blue moving average or a deeper retest of the structural support area around 4k.
Letting this momentum divergence play out allows tactical risk to reset before scaling into a highly resilient secular sector.
NASDAQ:BUG $CIBER AMEX:HACK NASDAQ:NQCYBR
Nifty 50 Index Intraday Technical Analysis for 16th July, 2026NSE:NIFTY
Nifty 50 Index (NSE) | Intraday Structure | July 16, 2026
Nifty is trading around 24,073.45, compressing closely right underneath the 24,079 Zero Line. The index is holding inside a volatile, corrective consolidation structure after experiencing an intense distribution block during the previous session that rejected the higher 24,200 values.
Price action enters today's session locked within a tight inflection zone. Institutional participants are actively matching orders near this benchmark level, waiting for a definitive high-volume expansion breakout to establish the broader intraday direction. Let a clean 15-minute structural candle close away from this boundary confirm real intent before allocating risk.
Bullish Triggers
Long Entry: Above 24,140 (strongly validated if price secures persistent structural footing above the 24,115 Add Long band).
Targets: 24,208 - 24,288
Risk Control: Structure weakens below 24,115. Hard exit below 24,070.
Bearish Triggers
Short Entry: Below 24,091 (validated if the 24,079 Zero Line persistently acts as a rigid distribution ceiling).
Targets: 23,949 - 23,869
Risk Control: Cover immediately above 24,161. Bias structurally protected below 24,220.
No-Trade Chop Zone: 24,070 - 24,140
Expect highly rotational, choppy price action within this structure block as option sellers look to grind out premium. Avoid chasing early morning spikes within this cluster; let a clean structural candle breakout provide execution validation.
Execution Rule: Structure first, confirmation next. Zero anticipation.
Hit Boost and drop your view in the comments if you're tracking these levels today.
#Nifty50
S&P500: Trapped within Support and Resistance. How to trade.S&P500 marginally turned bullish on its 1D technical outlook (RSI = 57.957, MACD = 31.350, ADX = 21.540) as it's been on a strong rise since yesterday that hit today the top of the R1 Zone. This is the region where all corrections of the past 30 days were initiated. Since however we are on Higher Lows since June 26th, we may be potentially witnessing the emergence of a Channel Up but it is confirmed only if the R1 Zone and R2 break. Above the R2, buy and TP = 7,700. Below the bottom of the Channel Up, target the S1 Zone (TP = 7,430). Observe the LH on the 4H RSI, similar to the June peak.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
US100 Price Testing Resistance Before High-Impact US DataUS100 is currently trading inside a well-defined resistance zone after recovering from recent lows.
On the fundamental side, traders are closely watching upcoming US inflation (CPI) data, retail sales, and any comments from Federal Reserve officials. Stronger-than-expected economic data could increase expectations that interest rates will stay higher for longer, strengthening the US dollar and putting pressure on technology stocks, including the Nasdaq (US100). On the other hand, weaker economic data could improve risk sentiment and support a breakout above resistance.
Geopolitical developments also remain an important market driver. Any escalation in global tensions, trade-related headlines, or unexpected political events can increase market volatility and cause investors to shift toward safer assets. Positive developments usually support equity markets, while negative headlines can quickly lead to risk-off selling.
Key Technical Levels
Resistance: 29,700 / 29,900
Support: 29,200 / Support: 29,000
From a technical perspective, the index remains in a short-term recovery, but it has not yet confirmed a bullish breakout. Buyers managed to push price back into the previous supply area; however, without a strong close above resistance, the possibility of another rejection remains high. A rejection from this zone could trigger profit-taking and a move toward lower support levels around 29,200 and 29,000, which are marked as the next liquidity areas on the chart.
Hope you found this analysis helpful. 👍
Like, Comment & Follow for more updates. Trade safe.
Potential bullish rise?US Dollar has bounced off the support level, which is a pullback support and could rise from this level to our take-profit.
Entry: 100.71
Why we like it:
There is a pullback support level.
Stop loss: 100.38
Why we like it:
There is a pullback support level.
Take profit: 101.04
Why we like it:
There is an overlap resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Heading towards 50% Fib resistance?US30 is rising to the resistance level, which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take-profit.
Entry: 52,819.93
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 53,417.43
Why we like it:
There is a pullback resistance level.
Take profit: 52,322.67
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SP500 — Breakout or another rejection?
🏆The S&P 500 is once again trading inside a major resistance zone after a strong recovery from the recent demand area. Buyers are keeping the short-term trend intact, but price is now testing a level that has repeatedly limited further upside.
🔥Previously:
📈 Bullish scenario
If buyers manage to break and hold above the highlighted resistance zone, the index could extend its rally and continue toward new all-time highs. A confirmed breakout would strengthen the bullish market structure.
📉 Bearish scenario
If this resistance holds and sellers step back in, a pullback toward the highlighted liquidity area becomes the more likely scenario. As long as price remains below resistance, rejection is still a possibility.
The market is approaching another key decision point. A decisive breakout could open the door for further gains, while failure to break higher may trigger a deeper retracement before the next bullish attempt.
Bearish Structure in MNQ: Targeting the 138% Fibonacci ExtensionFollowing a clear market structure break and the subsequent impulse, the Nasdaq (MNQ) is currently in a corrective consolidation phase that has respected the identified supply zone.
Analysis: I have identified a 1-2-3-4-5 wave sequence on the 5-minute timeframe.
Projection: The current structure points toward an extension to the 138% Fibonacci level, with a target at 29,103.5.
Strategy: My focus remains on the lower support zone, looking for the confluence of the bearish extension following the formation of the lower high (point 4).
What levels are you watching for the remainder of the session?
US30 4H – Short Setup from Fibonacci Supply Zone
On the 4H timeframe, US30 has reached a key resistance area aligned with the 50% Fibonacci retracement level at 52,686.
Price is now approaching the supply zone between 52,800 and 52,900, which is also aligned with the 61.8% Fibonacci retracement. This area is expected to act as strong resistance, and I will be looking for short entries with confirmation on lower timeframes.
Key Levels:
Current Price: near 52,686 (50% Fib)
Supply Zone (Short Entry): 52,800 – 52,900 (61.8% Fib aligned)
Target: 51,800
Trade Plan – Short Setup:
I am waiting for price to enter the supply zone (52,800 – 52,900). Once I see bearish confirmation on a lower timeframe (1H or 30M), I will enter short.
Entry: After bearish confirmation from the supply zone
Stop Loss: Above 53,000
Take Profit: 51,800
Invalidation: Price breaks and closes above 53,000
Pro Tips:
1. Do not short at current levels. Wait for price to reach the supply zone.
2. The 61.8% Fibonacci level is a strong retracement zone for sellers.
3. Always wait for lower timeframe confirmation before entering.
4. Patience is key. Let price come to you.
My Personal View:
Price has reached 52,686 (50% Fib) and is heading toward 52,800 – 52,900 (61.8% Fib supply zone). I will wait for price to enter that zone, then look for bearish confirmation and short toward 51,800. If price breaks above 53,000, I will re-evaluate.
Not financial advice. Trade at your own risk.
Tags: US30, DowJones, Indices, Fibonacci, SupplyZone, ShortSetup, PriceAction, TradingView
Market Symmetry? Technical comparison between Nasdaq and GoldI’ve been observing a very interesting structure in the Nasdaq (NAS100) since May 26th. Upon comparing the charts, I’ve noticed a remarkable technical correlation with the formation that Gold (XAU/USD) displayed between October and December of last year.
As you can see in the chart, the consolidation/triangle pattern is almost a mirror image. If the market respects this fractal structure, we could be looking at a bullish continuation signal similar to the one Gold executed back then.
What do you think? Are we seeing a repetition of algorithmic behavior, or just a technical coincidence? Let me know your thoughts in the comments.
Market Update: The Structural ShiftWhen semiconductors NASDAQ:SOX break down, it fundamentally alters the internal plumbing of the stock market. Because chips are highly cyclical leading economic indicators, a sharp correction in the sector triggers rapid algorithmic and institutional selling. However, this does not mean the broader market faces an immediate, synchronized collapse. Instead, we are witnessing a violent rotation beneath the surface that distributes risk unevenly across the major indexes.
Nasdaq 100
NASDAQ:NDX bears the initial brunt of a semiconductor wreck due to its heavy tech concentration. Historically, mega cap platforms like NASDAQ:AAPL , NASDAQ:MSFT , NASDAQ:AMZN , NASDAQ:META , and $GOOGL. served as a cushion. However, a major shift is underway. These giants are aggressively cutting back on share buybacks to fund an unprecedented, capital heavy AI capex cycle. Without active buybacks acting as a natural price floor, these mega caps are far more vulnerable to margin pressure and multiple contraction. While their immense cash flows still offer some protection, their transition into capital intensive utility style spenders leaves the Nasdaq cushion much thinner than in previous cycles.
Dow Jones Industrial Average
Meanwhile, the TVC:DJI stands as the primary beneficiary of this exact structural friction. The Dow is mostly insulated from a semiconductor drawdown for several distinct reasons. First, its price weighted structure means it carries little exposure to the major semiconductor components dragging down cap weighted indexes. Second, the Dow double dips on the safe haven tech trade, since both Microsoft and Apple carry massive price influence within the index. Finally, as institutional money rotates out of the weak sector and flows directly into the value oriented bedrock of the Dow, specifically Financials, Industrials, and Healthcare.
Summary
Ultimately, a breaking semiconductor index forces the market to transition from a narrow, tech driven sprint to a wider, value driven marathon. While the Nasdaq gets caught in a fierce internal tug of war, the Dow stands as the natural destination for capital looking for structural outperformance.
$ NASDAQ $Hello everyone, 👋
Yesterday's softer-than-expected U.S. CPI data gave the Nasdaq another boost, as lower inflation reduced expectations of additional Fed tightening. Strong earnings from major banks also helped improve overall market sentiment, keeping buyers in control.
Today, the market's focus shifts to the PPI inflation report, Fed Chair Kevin Warsh's Senate testimony, and another wave of corporate earnings. These events could easily increase intraday volatility, especially around the U.S. session open.
As long as price holds above key support levels, the bullish structure remains intact. However, after the recent rally, it's worth staying patient and waiting for confirmation before chasing higher prices.
🟢 As always, a break above the green level will have me looking for immediate long opportunities.
🔴 A break below the red level will shift my focus toward potential short setups.
⚠️ This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately before making any trading decisions.






















