➕If you found the posts useful and want it to continue, please don't forget to follow and like to support us.(ICE Finance)
💨Fundamental Analysis (Macroeconomic Outlook)
Unfortunately, I couldn't post for some weeks, so I apologize to you, my dear followers.
We will start our first analysis this week with the stock markets.
As you know, with the start of the interest cycle in the global market, the stocks dropped by -25%.
However, it is not possible to continue with a hard interest rate policy for a long time. This may cause a global recession. Therefore, the task of central banks is not easy.
My guess is that central banks will look for ways to bring inflation down without causing economic damage.
The situation will become clearer as the process continues.
Whatever happens, I do not expect a new peak in world stock markets.
Although short-term upward movements are realized, long-term movements are downwards.
💨Technical Analysis(Price Analysis)
First of all, if we look at our past analysis. After retesting the 3500 level, the price started to rise. This shows that we should not be in a hurry to buy. For now, the prices continue to rise, there is no data that it will fall. But the 4200 level is an important level. If the 4200 level is passed, the technical As a result, the price may have entered a horizontal movement area.
⏳Short Term
If we examine the short-term price movements, the 4200 level is a critical level. I don't know if the price will break straight here. So I keep my long position. If the price gets a reaction from the 4200 level, maybe we can see a inverse head and shoulders formation.
⏳Long Term
If we examine the long-term SP500(Us500), we can see an increase up to 4650-4850 levels.
However, the possibility of breaking this level is not possible in the light of economic data.
We can see a pullback up to 3200 levels or a double bottom formation at 3650 levels.
For now, a double bottom is more likely at the 3650 level.
💨Fundamental Analysis (Macroeconomic Outlook)
Unfortunately, I couldn't post for some weeks, so I apologize to you, my dear followers.
We will start our first analysis this week with the stock markets.
As you know, with the start of the interest cycle in the global market, the stocks dropped by -25%.
However, it is not possible to continue with a hard interest rate policy for a long time. This may cause a global recession. Therefore, the task of central banks is not easy.
My guess is that central banks will look for ways to bring inflation down without causing economic damage.
The situation will become clearer as the process continues.
Whatever happens, I do not expect a new peak in world stock markets.
Although short-term upward movements are realized, long-term movements are downwards.
💨Technical Analysis(Price Analysis)
First of all, if we look at our past analysis. After retesting the 3500 level, the price started to rise. This shows that we should not be in a hurry to buy. For now, the prices continue to rise, there is no data that it will fall. But the 4200 level is an important level. If the 4200 level is passed, the technical As a result, the price may have entered a horizontal movement area.
⏳Short Term
If we examine the short-term price movements, the 4200 level is a critical level. I don't know if the price will break straight here. So I keep my long position. If the price gets a reaction from the 4200 level, maybe we can see a inverse head and shoulders formation.
⏳Long Term
If we examine the long-term SP500(Us500), we can see an increase up to 4650-4850 levels.
However, the possibility of breaking this level is not possible in the light of economic data.
We can see a pullback up to 3200 levels or a double bottom formation at 3650 levels.
For now, a double bottom is more likely at the 3650 level.
