US Futures Dip Ahead of PCE Data
US stock futures edged lower on Friday as investors braced for the April PCE price index report, the Federal Reserve's preferred inflation gauge.
Technical Analyse:
The price dropped by approximately 0.27% from yesterday and reached our target, as mentioned in the previous analysis.
For today, the price is expected to move...
AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger.
If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530.
Another possibility, is...
Hi everyone,
I see two possibilities.
Blue or Brown ? (we have to see!)
Technical Section:
The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally.
Wave 5 = 2.618 x length of Wave 1
Wave 3 = 2 x length of Wave 1
Target = 5790
The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave...
Originally I was thinking that we'd see a move to the $480 support after testing the highs, however, because we haven't fallen yet, the chart no longer supports that view.
Instead, I think the most likely scenario is that we fall on or after Wednesday 5/29 back to the low $500 area, then we go back to test the highs at $530.
The retest of $530, will setup the...
Last week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the...
Fastest Earnings Growers in the S&P 500 Energy Sector
Nearly half the companies in the S&P 500 energy sector are expected to achieve double-digit annual earnings growth.
Updated : ConocoPhillips announced its acquisition of Marathon Oil Corp. on Wednesday.
Energy stocks are currently undervalued relative to expected earnings, even though the sector has been...
The S&P500 index is on very healthy bullish levels on the 1D timeframe (RSI = 63.385, MACD = 146.190, ADX = 48.596) showcasing in the best possible way the bullish bias of the long term trend and pattern, which is a Channel Up. This month's pullback is perhaps the best buy entry we can have as in relative terms based on the 1W CCI, the index is printing a...
These charts will point out not only the difference between 4 year terms, but also the effect of the worldwide Coronavirus on different sectors.
Just so you know, I am not advising for or against either candidate solely on what they could do or have done for a certain industry. Instead, this post aims to inform and point out the market's response during each...
AMEX:TAN ETF looks like it has started a nice move. I got in on this one May 9th as it broke above the downtrend line for the second time since the gap up May 3rd. It came close to stopping me out on May 21st, but it held above my stop. I was rewarded on May 22nd with a massive volume surge, due in part by the big move on $FSLR. It looks to me to be at an area...
The SPX500 is still reeling from the sell-down last Thursday. There is a lower peak followed by a lower trough, but the index is at important support.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex...
Technical analysis of SPx
The price dropped from its resistance line at 5320 and is now consolidating between 5266 and 5226. Today, we anticipate significant market volatility with the GDP results expected at 1.2%. The price will likely touch 5266 before dropping towards 5226.
If the price stabilizes below 5226, it will support a further decline towards 5192,...
Two years after my last big short on SPX, the price has once again reached the top of the ascending channel. Based on this scenario , the expectation is that SPX will peak within the next two months , around early May 2024.
Initial target 4,800, stretch 4,400
Incidentally, Bitcoin appears poised to surpass its 2021 all-time high, during which Bitcoin peaked...
Hello Traders and Investors, today I will take a look at the S&P500 .
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Explanation of my video analysis:
Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is...
After a mixed session yesterday, market is selling off during ETH session.
Any test of ETH session Low could provide direction for the day.
Level to watch: 5283 ---5281
SPx New Forecast
The price of the S&P 500 reversed from its support line at 5266 and can now reach the resistance line at approximately 5305, with the potential to touch 5320 as well.
If the price remains below 5305 and 5320, it will likely fall back to the support line at 5266. Breaking this level could extend the bearish trend towards 5226.
Pivot Line:...
Shares of Hoka-owner Deckers Outdoor rose in after-hours trading Thursday after the company handily beat Wall Street expectations in its fiscal fourth quarter.
The stock was recently up 9.4% to $990, following a 1.3% rise at the close. Shares are up about 35% this year as of the close.
The Goleta, Calif.-based shoe and apparel company, which also owns the Ugg...
The market remains cautiously optimistic as the S&P 500 tests the 5300 resistance level. The deceleration in inflation is promising, yet the Federal Reserve's future monetary policy remains uncertain. Investors should stay vigilant, monitoring economic data and Fed communications to navigate potential volatility and capitalize on market opportunities.
* S&P 500...
