Fed is Going to Throw Cold Water on this Rally will See below 32000 After Fed Decision on Interest
The S&P 500 has broken out to the upper bound of the range, at 4009. After the uncertainty from the Fed was lifted, and we received our 75bps rate hike, stocks were clear to rally. However, as we anticipated, there was little action yesterday, and they are still respecting the range we identified. We made a brief attempt to rally into the vacuum zone above, but...
Do we revert to the 50 year mean in 2032? That would put the Dow at 14,500 in 2032 if the cycle repeats. Found it very interesting that it was exactly 50 years to get a low & bounce from the Great Depression bottom. Every mega bear market is different so IF this is the start of another mega bear market that takes us to the lower blue line on this log chart...
Stocks have retraced from relative highs at 4009. We have several red triangles on the KRI indicating some stiff resistance at 4009 and 3978. Volatility has consolidated quite a bit, which is understandable before the FOMC, today. Note that some sources are predicting a 100bps hike, but it should come in at least 75bps. This is largely priced in, but we should...
The S&P 500 broke out, testing and rejecting 4000 as we anticipated Friday. We identified 4009 as a likely target, and the S&P 500 hit this perfectly, before retracing a bit. We are seeing the price action round off and potentially a small head and shoulders pattern forming, so watch for a retracement, which could present a buying opportunity. We should have...
US30USD - Intraday - We look to Buy at 31620 (stop at 31219) Our outlook is bullish. Previous resistance at 31600 now becomes support. There is scope for mild selling at the open but losses should be limited. Support could prove difficult to breakdown. Further upside is expected although we prefer to buy into dips close to the 31600 level. Our profit targets...
If you haven't figured it out yet. The markets are bought up by the US government. They are the largest shareholder with trillions of fake money pumped into markets. There is an actual government organization called the PPT that was put into place to keep markets from crashing. The organization has evolved to basically buy stocks all day to keep inflating stock...
$LLY daily chart. IT closed nicely on Friday even though most of the stocks were down a lot. After an up move, it is now moving sideways inside this rectangular range. Looks ready for next upmove once we break this range on the upside. Once we break above 335, looking for a 8% up move in this one.
Stocks keep edging higher, but the rally is increasingly more labored, as we struggle through resistance levels. The price action is 'rounding off' which suggests that a retracement may be near. If so, 3937 or 3909 are reasonable targets. However, we are bordering on a vacuum zone to higher levels, the next target being 4068, which would coincide with lows of...
S&P500 4h The large red box located in the middle of the screen contains an Elliott Wave. An Elliott Wave is a price pattern that consists of a rise, fall, and additional rise of price in the market. Earlier this week I called a trade, which was actually the fall of said Elliott Wave. Now that price has reached a higher higher after creating two similar bullish...
Stocks are consolidating at highs. Volatility has constricted immensely and we have been holding this narrow range for the past two days. This suggests that a breakout is imminent. The Kovach OBV has slumped and we are at highs, where we will encounter resistance. Unless sufficient momentum can come through we should break down to 3909 or 3825. If we are able...
The S&P 500 has broken out, testing the very top of the range it has established this month. As predicted yeseterday, we hit our target of 3909. Momentum continued and we were able to hit 3963, before a brief retracement took us back to support in the low 3900's. The Kovach OBV is still flat, suggesting we will need more momentum to continue the rally. Watch...
DJT, a leading economic indicator, is breaking out of a long falling wedge pattern that targets the all-time high daily candle body closes. This is yet another piece of the puzzle suggesting a much better second half for this year. Bollinger bands squeezing so tight and multi-month divergences are also indicating that it won't be a small move.
As anticipated yesterday, the S&P 500 has rejected highs and sought support 3810, just under the mid point of the range the S&P 500 has been holding for July. This retracement was highly probable because we did not see the momentum follow through at open that it would take to break out higher. From here, we could test lows again, around 3737, which should hold...
Dow Jones (DJI) got rejected yesterday after marginally breaking above the 1D MA50 (blue trend-line) for the first time since May 05. This comes after 3 weeks of sideways trading following the Lower Low of the Channel Down on June 17. That was clearly mentioned and projected 1 month ago s shown on our idea below: The recent consolidation though comes as a...
Stocks have rallied, with the S&P topping out at 3909. We have completely retraced the range, as recession fears and soaring inflation scared market participants last week causing a dip that tested lows at 3737. After breaking through this level and testing the next level below at 3714, we promptly pivoted, and retraced losses completely. However, we are...
Dow jones going to reach upside 32577 soon . And again drop
PLEASE FOLLOW AND LIKE IF YOU APPRECIATE THIS CONTENT AND FOR CONTINUOUS UPDATES + ANALYSIS. COMMENT BELOW AND LET ME KNOW YOUR OPINION. THANK YOU IPIX looks poised to make a big move. A measured move of the bull flag would bring IPIX to about $.25 cents +/- Their trademark drug Brilacidin is making serious breakthroughs and I believe this Company is about to...