- Like u saw yesterday, BTC dipped but the main reason for now is just the global economy being worst. - Nasdaq Companies made big % lost yesterday - here the main list - www.cnbc.com - The Covid19 caused a fast dip followed by a mega pump based on stimulus (brrrrr), now the real dip is ongoing. ---------------------------------- Trading Part ( Long Term...
Technical Analysis and Outlook: The Spooz achieved the designated downside target of Mean Support 5325 before ascending to fulfil two significant milestones: the Inner Index Rally 5408 and the subsequent Outer Index Rally 5450. Presently, the index is poised for upward movement, with two distinct targets: the Inner Index Rally 5480 and the subsequent Outer Index...
Technical Analysis and Outlook: The Eurodollar has achieved two of our downward trend targets in the current week's trading: Mean Support at 1.075 and 1.067, respectively. The remaining downside targets continue to be valid. The ultimate target for the completed Inner Currency Dip is 1.060 and 1.054; out of most, the completed Outer Currency Dip is 1.045. On the...
Technical Analysis and Outlook: Bitcoin consistently reached our defined Mean Support of 67500, as outlined in the Bitcoin Daily Chart Analysis for the Week of June 7. Additionally, it surpassed this level, touching our Mean Support 65000. Upon completing the Inner Coin Dip 64500 and validating the end of the down movement, we anticipate a renewed Bull Stage...
The Federal Reserve left the target for the Fed Funds Rate ECONOMICS:USINTR unchanged at 5%-5.25%, as expected, but signaled rates may go to 5.6% by Year-End if the Economy and Inflation do not Slow down more. It is the first pause in the tightening campaign following ten consecutive hikes that lifted borrowing costs by 500bps to the highest level since...
- Awaiting CPI# numbers readings for ECONOMICS:USIRYY on August 10th (today) post US being Down-Graded to AA +. While on the 9th of August ECONOMICS:CNIRYY came deflationary on the other side of the world Consensus sits at 3.1% (0.1% increase) and some to 0.3% increase at 3.3% for ECONOMICS:USIRYY Economists forecast Inflation rising up again on a steady...
Technical Analysis and Outlook: In this week's trading, the S&P 500 hit our anticipated resistance level of 5323 and retested the completed Outer Index Rally of 5342. The index is prone to drop to Mean Sup 5325 and possibly to the next level of Mean Sup 5285 before continuing its journey to the next Inner Index Rally 5408.
Technical Analysis and Outlook: In this week's trading, the Eurodollar has completed our Inner Currency Rally of 1.091 and reverted sharply to our designated target of the Mean Sup 1.080. The currency is expected to continue its downward trajectory to Mean Sup 1.075 with a follow-up Dead-Cat rebound to the reverted resistance level of 1.080 (Previous Mean Sup)....
Technical Analysis and Outlook: Bitcoin has completed our designated Intermediary Squeeze Rebound 71500 and is on its way to continue the downward movement to a Mean Sup 67500, where we are expecting a Bull Stage movement to take place to retest the Mean Res 71500 and Key Res 73200, respectively.
The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ; even as data points to a deepening economic downturn in the 20 countries that use the euro. The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
I'm expecting 2 fake-outs Before a she crashes
In the bottom pane is the US Purchasing managers index number a number below 50 ( and nearly all the time below 47) means a recession/ economic slowdown is looming. But as you can see on the rebound , as the PMI number moves above 50 and back into a expanding economy we have seen it coincide with the great bitcoin bull markets. Let's hope this trend continues.
Nice head and Shoulders on the United Parcel Service #UPS and FEDEX are the new dow transport indicator. An underlying determinant of how the consumer is faring Since the US is a consumer economy and Online shopping is the majority of retail if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate it would give your non...
Technical Analysis and Outlook: In the shortened trading week, the S&P 500 hit our expected resistance level of 5323 and promptly fell as part of the renewed upward movement toward the support level of 5257 and the nearby support level of 5221. A solid upward bounce is on its way to target our newly identified key resistance level of 5323 for the upcoming trading week.
Technical Analysis and Outlook: In this week's trading, the Eurodollar bounced off our Mean Res 1.089 and 1.086, respectively, to our Mean Sup 1.081, with a swift and aggressive rebound back to Mean Res 1.086. On the downside, the currency is prone to hitting the Mean Support level of 1.080 once again and targeting a well-established price level of 1.075.
Technical Analysis and Outlook: Bitcoin gyrated in this week's trading between our major Mean Sup 67100 and the newly created Mean Res 69400. The upward movement target shows a continuous target of Bull Stage Squzee Rebound 73200, marked as Key Res 73200. The main obstacles are Mean Res 69400 and 71500, respectively. On the downside, we look at the established...
ECONOMICS:USCPCEPIMM Core PCE prices in the US, which exclude food and energy, rose by 0.2% from the previous month in December of 2023, aligned with market estimates, and picking up slightly from the 0.1% increase in November. From the previous year, Core PCE prices edged 2.9% higher, undershooting market estimates of 3% to mark the lowest reading since...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 DXY has been overall bullish trading within the rising channel marked in red. Currently, it is undergoing a correction phase, and approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in orange. 🏹 Thus, the highlighted...