Market indices
SPX: Cooling inflation meets profit takingThe S&P 500 ended the week under pressure despite encouraging U.S. economic data. Softer-than-expected inflation figures strengthened expectations that price pressures continue to ease, while producer prices also declined more than anticipated. Retail sales posted a modest increase, suggesting consumer spending remains resilient, although growth was slightly below forecasts.
Although the macroeconomic backdrop remained broadly supportive, investors locked in profits after the index's recent rally. The highest weekly level was 7.577 but the index closed Friday trading at 7.644. Market participants continue to assess whether cooling inflation will reinforce expectations for future Federal Reserve policy easing, while awaiting additional economic data and the upcoming FOMC meeting for further direction.
A surge in oil prices contributed to energy sector companies, where energy stocks performed the best during the week. The financial industry also gained this week supported by generally solid Q2 earnings from major U.S. banks. On the opposite side was the information technology sector, especially semiconductors, which were the primary drag on the index. Investors continued to take profits in AI related stocks after a strong rally, pushing the semiconductor index into bear market territory.
Looking ahead, investors are likely to remain focused on incoming economic data and signals from Federal Reserve officials ahead of the July FOMC meeting. With inflation showing further signs of easing but equity valuations still elevated after recent gains, the market may continue to trade in a relatively narrow range.
NASDAQ H4 | 61.8% Fibonacci Level AheadThe price is rising to our sell entry level at 29,216.24, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Our stop loss is set at 29,839.81, which is a pullback resistance.
Our take profit is set at 28,441.92, which is a pullback support.
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US30 Buy Setup | Dip First, Rally NextUS30 remains bullish overall, but a short-term pullback into a key demand zone could offer the next buying opportunity. I'm watching for one final dip before buyers step back in. If support holds and bullish confirmation appears, the next leg higher could begin with strong momentum. Stay patient and let the market come to your level. Recent geopolitical headlines have added volatility, so confirmation is key before entering.
Is Elliott wave hinting Strength for days ahead?BSE Sensex | Elliott Wave Perspective
The broader corrective structure appears to have unfolded as a W-X-Y double zigzag, with the recent low potentially marking the completion of Wave (Y). Since then, price has started building a sequence of higher highs and higher lows, suggesting buyers may be gradually regaining control.
If this wave count remains valid, the market could be transitioning into the next impulsive leg, making 84,000 the first technical objective I'm monitoring over the coming sessions.
Elliott Wave is a framework of probabilities, not certainties. As always, the current count remains subject to price confirmation and will be revised if market structure changes.
Disclaimer: Shared solely for educational purposes to discuss market structure and Elliott Wave Theory. I am not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). This is not investment advice or a recommendation to buy, sell, or hold any security.
#Sensex #ElliottWave #TechnicalAnalysis #PriceAction #CMT
SPX - Week of July 20thSee levels and key areas for this week:
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NDX - Week of July 20thSee levels and key areas for this week:
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DXY - Week of July 20thSee levels and key areas for this week:
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NIFTY WEEKLY MAGIC NUMBERS 🚨 NIFTY Weekly Magic Numbers™ | 21–25 July 2026
The market opens with a fresh chart.
Most traders will spend the week reacting to every candle.
I prefer to start with a framework.
Every weekend, I publish my Weekly Magic Numbers™ before the first candle forms—not as predictions, but as predefined reference levels where I expect the market to make important decisions.
Last week, those levels once again came remarkably close to the week's extremes.
Weekly Resistance: 24,389 → NIFTY High: 24,367 (22-point difference)
Weekly Support: 24,027 → NIFTY Low: 24,007 (20-point difference)
Whether you view this as coincidence or structure is up to you.
This week, here's the map.
📍 HANUMAN Weekly Magic Numbers™
🔴 24,709.75 — Extreme Expansion Zone
🟠 24,617.60 — Major Resistance
🟡 24,527.50 — Upper Expansion
🟢 24,436.20 — Primary Resistance
🔵 24,344.90 — Weekly Decision Zone
🟣 24,253.55 — Weekly Pivot
⚪ 24,162.25 — Structural Support
How I Read These Levels
• Holding above the Weekly Pivot (24,253.55) keeps buyers in control.
• Acceptance above 24,344.90 shifts the odds toward higher resistance zones.
• Sustained trade above 24,527.50 opens the path toward 24,617.60, with 24,709.75 becoming the expansion objective.
• Failure to hold the Pivot increases the probability of a move toward 24,162.25, where I will closely observe price behaviour.
These are reference levels, not trading signals.
Confirmation always comes from price action, participation, and timing.
My Philosophy
I don't try to predict every candle.
I define the battlefield before the battle begins.
The market then decides which levels deserve respect.
Week after week, I've found that markets are less chaotic than they appear.
Price often travels from level to level, while time determines when those levels become important.
That's the foundation of my Time & Price approach.
What do you think?
Do markets truly react around predefined structures, or is every reaction simply random probability?
Share your view below.
If you find value in objective market frameworks, don't forget to Boost, Follow, and Save this idea.
Trade the Structure. Respect the Numbers. Follow Time & Price.
NIFTY 50Friends, from an astrological perspective, the period between July 2026 and October 2026 will be marked by significant shifts—specifically, a "cooling" phase mid-year and the exaltation of Jupiter in the sign of Cancer.
Key Astrological and Market Insights
"Cooling" Phase (June 29 – August 15, 2026): Significant market volatility is expected during this time. Although Jupiter's exaltation in Cancer (which began on June 2, 2026) is generally considered a bullish signal...
...from a technical standpoint, there is a likelihood of market manipulation during this period. This could heighten risk in the coming weeks—particularly during the "combustion" phase (when a planet weakens due to its proximity to the Sun), which runs from July 14 to August 12. Financial astrologers often advise caution and recommend avoiding high-risk decisions during this specific "combustion" period.
Here is a brief overview of the structural changes within the projected time cycles shown on the chart:
Completed Cycle Phase: The market has concluded a significant "distribution phase," followed by a major "accumulation zone."
Current Pivot (July 22, 2026): We are currently at a critical juncture indicating a "Change in State of Delivery." This date signals a transition from the "accumulation" phase to a projected "manipulation phase." Projected Outlook (up to October 23, 2026): The time cycle suggests an upward trajectory—utilizing the current 'order block' as support—with the potential for expansion towards TP (Target Profit) and TP2 levels.
Market Sentiment: The market is currently holding steady within a specific range (approximately 23,900–24,300). Technical indicators anticipate a sustained breakout above the 24,300 level, which could propel the market to new highs.
Year-End Shift: Another significant structural shift is expected starting October 24, 2026, coinciding with the period leading up to Jupiter's transit into Leo (October 31, 2026). Strategic Considerations:
Astrological Advice: The period of "Exalted Jupiter" (June–October 2026) is generally regarded as a time for strategic progress rather than hasty expansion; the emphasis lies on exercising prudence and prioritizing stability. Technical Alignment: The projected phase of "market manipulation"—expected to conclude around October 23, 2026—aligns with the timing of the major year-end market shift. Given the current market consolidation, volatility may persist until mid-August; therefore, strict adherence to established risk management protocols is essential.
NOTE: Ultimately, the market will trend upwards, but due to a phase of manipulation, we could witness a sudden, sharp decline.
FMBKLCI Elliott Wave Counting UpdateThe possible wave 4 in the blue circle appears to be complete, following a flat abc 333 pattern. If this is accurate, the next step involves counting 5 minor waves to finalize wave 5 in the blue circle. However, if the price falls back below the latest wave (c), then the counting will need to be redone.
This is not a trade recommendation. Please conduct your own analysis.
NIFTY50A brief overview based on time cycle analysis on the chart:
Current Situation: There is a "Change in State of Delivery" followed by an order block, signaling a shift in momentum.
Time Cycle Window: The chart highlights specific dates—July 22, 2026 (marked with an event icon) and October 23, 2026—as significant time cycle pivot points.
Price Target: This analysis correlates these time windows with potential price reactions at specific levels, specifically targeting previously identified ERL (External Range Liquidity) and IRL (Internal Range Liquidity) zones.
Risk Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always practice proper risk and position sizing. Stop Loss Must if you want to be a profitable Trader.
MARKET VIEW:-
Current Bias: Bullish
Preferred Strategy: Buy on Dip – Wait for Confirmation
NIFTY Levels for july 20, 2026Technical Analysis Report: Key Levels for July 20, 2026
Support Levels:
- Immediate Support: 24,099. Represents Friday's intraday low and serves as the primary level maintaining the current breakout structure.
- Psychological Floor: 24,000. A critical base that successfully absorbed selling pressure throughout the previous week.
- Structural Floor: 23,833. Aligned with the 50-day moving average, positioned to cushion any potential sharp corrections.
Resistance Levels:
- Immediate Hurdle: 24,367. Corresponds to Friday's intraday high; a decisive close above this level would confirm a structural reversal.
- Major Ceiling: 24,494 – 24,500. A confluence zone defined by the 200-day Exponential Moving Average (EMA) and significant call-writing volume.
Something scary is ready to unfold in the US stock marketAs I wrote few weeks ago in my last published Idea about DXY, I think this is going to see higher levels.
So far DXY and the stock market made highs together, but something is about to change.
In order for DXY to make significant highs, the stock market has to start dumping, and I think it will very, very, soon.
It broke the required level to consider this a bull run, now it just has to RUN. And it will run together with BTC.
US30: Bullish Continuation
Balance of buyers and sellers on the US30 pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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US30: Is the Correction Just Getting Started?US30 appears to have completed a larger impulsive advance and is now showing signs that a broader corrective phase may be unfolding. The current Elliott Wave structure suggests the recent weakness could be the beginning of a deeper pullback rather than a short-lived decline.
We'll be watching how price develops over the coming sessions to determine whether this correction gathers momentum or if buyers step back in to defend the broader uptrend. As always, confirmation from price action will remain our primary focus before considering the next high-probability opportunity.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
DXY: Dollar Pullback Before the Next Impulse?The U.S. Dollar Index is approaching a pivotal stage after its recent decline, with price beginning to stabilize within the broader bullish structure.
At this stage, we're watching closely to see whether the current move develops into a corrective pullback before buyers attempt to regain control. The coming sessions could provide valuable clues about whether momentum is building for the next leg higher or if further consolidation is needed first.
With ECB interest rate decision scheduled this week, volatility is expected to increase across the currency markets. These macro events could become the catalyst that confirms the Dollar's next directional move.
As always, we'll continue to monitor price action and update the outlook as new information becomes available.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
KSE-100: Is the Bull Market Over?Taking lead from our previous analysis, KSE-100 remains under pressure after failing to break above its previous ATH near 191K.
Earlier this year, the index corrected from around 191K to 144K, a decline of approximately 24.6%. After forming a temporary bottom near 144K, the index recovered strongly and attempted to retest the ATH zone.
However, as discussed in our earlier analysis, the index failed to cross that level and has now formed a lower high.
Trend Hierarchy
Secular Trend: Bullish
Intermediate Trend: Sideways / Corrective
Short-Term Trend: Bearish Pressure
Market Structure
Technically, the failure to break above ATH and formation of a lower high is a warning sign.
This does not confirm that the bull market is over, but it does show that the index is not ready yet for a fresh aggressive bullish leg.
In simple terms, we have a half bearish signal, not a complete bear-market confirmation.
Outlook
Our broader view remains that the bull market is not over. However, the index likely needs more time before attempting another sustainable move above ATH.
This may take weeks or even months.
During this phase, the market may remain sideways and frustrating, with sharp sell-offs followed by sudden recoveries.
Strategy
This is not an environment for blind aggressive buying.
Capital rotation and stock selection will remain critical. Strong stocks may continue to perform, while weak or extended names may face pressure.
Stance
➡️ Bull Market Not Over Yet
➡️ ATH Rejection Is A Warning Signal
➡️ Lower High Formed Near Resistance
➡️ Market May Need More Time
➡️ Sideways / Choppy Phase Likely
➡️ Capital Rotation And Stock Selection Are Key
Price tells the story.
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