New Thread we have a really big week with Jerome Powell Rate decision this week Wednesday! This is going to move the markets and determine our future outcome for sure Tuesday April 30th levels for SPY Bulls 515 and chances are this becomes your territory to go long possible outcome Bull Market Resumed Bears its a short anything under 511 Bears once 500 is...
what do you guys think of buying EA? Looks like the stock market wants to go up. Remember this week EA earnings will be out
SPDR S&P 500 ETF Trust (SPY) is showing signs of potential bullish momentum after a period of consolidation. Based on an in-depth examination of the technical indicators and recent price action, there are actionable insights that sophisticated traders might leverage. The ETF has formed a notable (bullish engulfing pattern) on the daily chart, suggesting a strong...
What Did Buffett Say at the Shareholders' Meeting? Warren Buffett, aged 93, held his first Berkshire Hathaway shareholders' meeting this weekend without Charlie Munger, his longtime partner at Berkshire Hathaway, who passed away at the age of 99. Following the meeting, it was revealed that Berkshire Hathaway's cash reserves are at record levels and continuing...
Market participants will also be closely watching comments from Fed officials next week. The chance that the Fed will adjust policy in September remains slightly above 50%, according to data from the CME Fed Watch Tool. Market positioning suggests the dollar could face selling pressure if Fed policymakers leave the door open to a rate cut in September. ...
Monthly Chart Analysis: Since July 2020, NIO has successfully closed the Fair Value Gap (FVG) and reclaimed its position above the resistance line of a falling wedge. This breakout is crucial, indicating a potential reversal of the previous downtrend. Moreover, the monthly Relative Strength Index (RSI) falling wedge has been convincingly breached, accompanied by...
This looks horrible on HTF for SPY, be warned a market crash is coming
NVDA has the potency to reach 1182!! Yes I think it will reach its target probably in less than a month will see
GME is getting a double bottom on the higher timeframes, Similarly to the previous bull run that lead to a 4,500%+ run. I have the measure move slightly below the last ATH. with a Gold Pocket around $78-$81 Things to consider With the recent pump of 78% since it's recent local bottom, it may or may not be a good idea to enter, It's at a really strong...
Elliot wave theory confluent with war situation in middle east wave 4 Zigzag deep correction seem to finish in pivot point (previous high) I long, aim WTI crude oil will go back at least 85 I going to partial close if price is reach 85 I also back-test using trend line and pivot point I found that using 3.5% SL is work well to protect whipsaw in trading I...
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
This up move is different, It started with GREEN UMVD and now Green TrapZone is also showing up. Current bars are Gray so we must wait for GREEN Bars to enter when up momentum resumes. If we break both angles going UP , down trend may resume so keep you Technical Tools handy :)
Tesla has been in a range for almost a week now. That leaves the possibility open that this is a wave 4 of some degree. Accordinng to my count, this is either wave iv or wave 2. The move down from the high of $198.87 on 29 April looks as if it is wave a of some degree. Without more data it is hard to determine which count is the correct one. Don't forget too that...
www.washingtonpost.com Now they need to find a reputable firm, the financials will be more reflective of the ACTUAL heath of the company
The strong performance of the U.S. ADP employment data in April provided new challenges for the Federal Reserve's monetary policy. In this context, the reaction of the gold market is particularly worthy of attention. After the data was released, gold fell back 4 US dollars in the short term and then rebounded. The number of ADP jobs in the United States increased...
GAP FILLED, Hit my supply and i am in for a nice ride down. EOM Expiration 27 strike. Good luck all.
Welcome to SPY weekly and I have clearly explained which levels to trade & what direction market can take. If you have any questions feel free to DM NOTE: AVOID TRADING SPY