Nasdaq
The Nasdaq closed with a sharp surge following news of a possible delay in Trump’s tariff implementation. A 12% single-day rally on the daily chart is unprecedented — it was an extraordinary rise. On the daily chart, the 20-day moving average is acting as resistance, and to fully fill the April 3rd gap-down, the index would need to rise to around 19,750. If the Nasdaq continues to climb and fills that gap, a potential pullback should be anticipated.
Although the MACD has turned sharply upward in a V-shape, it hasn't fully broken above the Signal line yet. Given the rapidly changing global conditions, the possibility of a reversal still exists. However, since the 90-day tariff delay has been confirmed, the market may be entering a phase of relative stability. On the weekly chart, we see a sharp rebound that has brought the index up to the 5-week moving average. Both the Nasdaq and the VIX suggest that today could be a range-bound (sideways) session, so it's better to set wider trading ranges and adopt a box-range trading strategy.
On the 240-minute chart, a double bottom pattern has formed, with the MACD bouncing off the Signal line and rising again. The MACD is trending upward, but the Signal line remains below the zero line, which means a short-term pullback could still occur. Overall, it is advisable to use a buy-low, sell-high approach, with more upside potential still open. Also, today’s CPI report is scheduled, so please be mindful of increased volatility around the data release.
Crude Oil
Crude oil rebounded sharply from the $55 level, showing an impressive 12% range between high and low. However, the sell signal remains active. The price has broken above the 5-day moving average and entered a box range between the 5- and 10-day MAs, suggesting that a moving average-based box strategy would be effective.
On the weekly chart, oil has not yet reached the 5-week MA, so there’s still room up to the $65 level, which has historically served as strong resistance. Around that area, it might be more effective to consider short positions. On the 240-minute chart, the MACD showed signs of a third wave down, but failed to make a new low — signaling bullish divergence. A head-and-shoulders inverse pattern may be forming, with the right shoulder potentially developing around the $59–$60 zone. Overall, the strategy should remain range-based, with some more room to the upside.
Gold
Gold also closed sharply higher, benefiting from the tariff delay news. On the daily chart, the price closed higher, giving the illusion of a support bounce off the lower Bollinger Band, as that band is rising. The MACD remains above the zero line, so there’s still room for a retest of the Signal line, but given the current gap between MACD and Signal, the price needs to either rise further or move sideways to bring the MACD closer and potentially break above the Signal line.
If it fails to rise from here, the MACD may turn down again, so avoid chasing the price upward. Like Nasdaq and oil, gold is heavily influenced by global developments, so stay updated on the geopolitical landscape. On the 240-minute chart, gold formed a triple bottom around the 2,980 level and then rebounded strongly. The MACD is trending upward and pulling the Signal line along with it, but resistance around the 3,130 level remains significant. Gold may see increased volatility from today’s CPI report and tomorrow’s PPI release, so stay alert.
Market Summary
The market has been showing signs of irrational behavior. Investor sentiment is extremely volatile and driven more by emotion than logic. In times like this, it’s more important than ever to stick to the basics, shorten trade duration, cut back on risk, and trade with discipline. The more you chase after gains, the more likely your trades will be swept away by market turbulence.
Warren Buffett is considered a legend in the financial markets precisely because he has always stuck to fundamental principles. Likewise, it is crucial to establish and stick to your own trading principles to survive in the markets. If you haven’t yet experienced the kind of volatility we saw during the Trump era or the pandemic, this is a time to be especially cautious and defensive in your approach.
Wishing you another day of successful trading
If you like my analysis, please follow me and give it a boost!
For additional strategies for today, check out my profile. Thank you!
The Nasdaq closed with a sharp surge following news of a possible delay in Trump’s tariff implementation. A 12% single-day rally on the daily chart is unprecedented — it was an extraordinary rise. On the daily chart, the 20-day moving average is acting as resistance, and to fully fill the April 3rd gap-down, the index would need to rise to around 19,750. If the Nasdaq continues to climb and fills that gap, a potential pullback should be anticipated.
Although the MACD has turned sharply upward in a V-shape, it hasn't fully broken above the Signal line yet. Given the rapidly changing global conditions, the possibility of a reversal still exists. However, since the 90-day tariff delay has been confirmed, the market may be entering a phase of relative stability. On the weekly chart, we see a sharp rebound that has brought the index up to the 5-week moving average. Both the Nasdaq and the VIX suggest that today could be a range-bound (sideways) session, so it's better to set wider trading ranges and adopt a box-range trading strategy.
On the 240-minute chart, a double bottom pattern has formed, with the MACD bouncing off the Signal line and rising again. The MACD is trending upward, but the Signal line remains below the zero line, which means a short-term pullback could still occur. Overall, it is advisable to use a buy-low, sell-high approach, with more upside potential still open. Also, today’s CPI report is scheduled, so please be mindful of increased volatility around the data release.
Crude Oil
Crude oil rebounded sharply from the $55 level, showing an impressive 12% range between high and low. However, the sell signal remains active. The price has broken above the 5-day moving average and entered a box range between the 5- and 10-day MAs, suggesting that a moving average-based box strategy would be effective.
On the weekly chart, oil has not yet reached the 5-week MA, so there’s still room up to the $65 level, which has historically served as strong resistance. Around that area, it might be more effective to consider short positions. On the 240-minute chart, the MACD showed signs of a third wave down, but failed to make a new low — signaling bullish divergence. A head-and-shoulders inverse pattern may be forming, with the right shoulder potentially developing around the $59–$60 zone. Overall, the strategy should remain range-based, with some more room to the upside.
Gold
Gold also closed sharply higher, benefiting from the tariff delay news. On the daily chart, the price closed higher, giving the illusion of a support bounce off the lower Bollinger Band, as that band is rising. The MACD remains above the zero line, so there’s still room for a retest of the Signal line, but given the current gap between MACD and Signal, the price needs to either rise further or move sideways to bring the MACD closer and potentially break above the Signal line.
If it fails to rise from here, the MACD may turn down again, so avoid chasing the price upward. Like Nasdaq and oil, gold is heavily influenced by global developments, so stay updated on the geopolitical landscape. On the 240-minute chart, gold formed a triple bottom around the 2,980 level and then rebounded strongly. The MACD is trending upward and pulling the Signal line along with it, but resistance around the 3,130 level remains significant. Gold may see increased volatility from today’s CPI report and tomorrow’s PPI release, so stay alert.
Market Summary
The market has been showing signs of irrational behavior. Investor sentiment is extremely volatile and driven more by emotion than logic. In times like this, it’s more important than ever to stick to the basics, shorten trade duration, cut back on risk, and trade with discipline. The more you chase after gains, the more likely your trades will be swept away by market turbulence.
Warren Buffett is considered a legend in the financial markets precisely because he has always stuck to fundamental principles. Likewise, it is crucial to establish and stick to your own trading principles to survive in the markets. If you haven’t yet experienced the kind of volatility we saw during the Trump era or the pandemic, this is a time to be especially cautious and defensive in your approach.
Wishing you another day of successful trading
If you like my analysis, please follow me and give it a boost!
For additional strategies for today, check out my profile. Thank you!
✅Trade here: vigco.co/iuQbUf
📌You can earn 50 USD for free
📌Over 1,000$ → +20% deposit HUNT
📌Support Metatrader4,5
📌Inquiry : t.me/NikoChoi
✅Trade Inquiry : t.me/Futureguard
📌You can earn 50 USD for free
📌Over 1,000$ → +20% deposit HUNT
📌Support Metatrader4,5
📌Inquiry : t.me/NikoChoi
✅Trade Inquiry : t.me/Futureguard
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
✅Trade here: vigco.co/iuQbUf
📌You can earn 50 USD for free
📌Over 1,000$ → +20% deposit HUNT
📌Support Metatrader4,5
📌Inquiry : t.me/NikoChoi
✅Trade Inquiry : t.me/Futureguard
📌You can earn 50 USD for free
📌Over 1,000$ → +20% deposit HUNT
📌Support Metatrader4,5
📌Inquiry : t.me/NikoChoi
✅Trade Inquiry : t.me/Futureguard
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。