Yesterday, the market became slightly spooked by the release of higher-than-expected inflation numbers in the United States. The immediate reaction of the SPX to the news was negative, with the index erasing its early gains; the same price action could be observed in the Nasdaq 100 and Dow Jones Industrial Average. Nevertheless, market indices recovered much of...
Higher than previous headline CPI inflation indicate lower gold prices and higher USD the Nasdaq future and BTC should be expected to drop for the coming weeks and/or rest of the month.
So, we did hit that 4750 range, and ended up hitting it within just a few hours of my assessment that was the next area for us to head. That opens up a few trends to take us lower, specifically the 1hr and 2hr, as seen below in the trends; Last Macro Trend Signal Spots (ES Contract) 30m - 4722 Downtrend (1/8/2024) Lower Low 1Hr - 4757 Uptrend (1/5/2024) Lower...
📊 Market Sentiment: Neutral to Bullish Market sentiment CME_MINI:ESH2024 is currently shaped by various factors including the latest US inflation data, Federal Reserve's potential rate cuts, the kickoff of the earnings season, Asia-Pacific market movements, and global economic growth projections. 🌍 Global Financial and Economic News: US Inflation Data: The...
📊 Market Sentiment: Mixed Various factors are shaping the market sentiment, including global economic slowdown, inflation trends, interest rate outlook, stock market performance, and political and geopolitical risks. 📝 Today's Recap The focus is on consolidation and range expansion, with potential trading opportunities at key support and resistance levels. The...
📊 Market Sentiment: Neutral to Bullish The market remains vigilant as it navigates through complex geopolitical and economic landscapes. Ongoing geopolitical issues and economic forecasts are at the forefront of investors' minds, influencing market movements and strategies. 📝 Today's Recap A period of lower conviction trading is expected in the wake of the...
📊 Market Sentiment: Cautious Watchfulness Amidst Global Changes The markets are attentively eyeing the evolving geopolitical landscape and economic indicators. With global elections and central bank policies in focus, investors are navigating through a blend of optimism and careful scrutiny. 📝 Today's Recap Late in the day, some long exposure was added back at...
📊 Market Sentiment: Intense Anticipation As we navigate through a critical phase, the market remains intensely anticipative, closely watching the support and resistance levels after recent pullbacks and rallies. 📝 Today's Recap The market's latest move was a strategic "knife catch" long attempt at key 4727 support, marking an intensified focus on the immediate...
📊 Market Sentiment: Cautiously Watchful Market focus is on key supports at 4746 and 4738 after a recent pullback. The cautious watch is due to the possibility of further downtrend or stabilization at these levels, determining the short-term market direction. 📝 Recap: End-of-Day Movement The market ended with a strategic long attempt at key 4744 support,...
📊 Market Sentiment: Cautiously Watchful The market is cautiously watchful today, reflecting the recent volatility and key support breaches. The focus is particularly on 4778 and 4767-70 as major supports. Traders are vigilant of these levels for signs of continued bullish momentum or a deeper bearish shift. 📝 Recap: Volatility and Supports Tested Yesterday...
📊 Market Sentiment: Cautiously Watchful The market has shown signs of strain under recent volatility, breaking through several key support levels such as 4795-98. Focus is now sharply on 4777, a pivotal line that must hold to prevent further bearish momentum. Traders are approaching the market with a blend of caution and vigilance, balancing optimism with the...
S&P 500: SPX index could have a pullback as double-top forms. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give...
📊 Market Sentiment: Bullish The market sentiment remains bullish, with a strong upward trend persisting into the final day of 2023. Traders are maintaining a positive outlook, focusing on the support levels of 4829-31 and 4808-04 and resistance levels of 4834 and 4838. The general mood of traders is of cautious optimism, with many hoping to cap off the year with...
BTC has shown bullish willingness. I anticipate the new year to visit the lows around 25K, and the quarterly FVG, I will be there to accumulate some. Market might decide not to even go there and just fill the inefficiency at 32K and decide to moon from there. I'd worry about BTC if we close below 19K and stay there for over a couple of days. I'm not a Crypto bull...
📊 Market Sentiment: Bullish Santa Rally Continues The market remains steady as the traditional "Santa Rally" lifts spirits and prices. Bulls are in firm control with the critical support at 4808 serving as the line in the sand. 📝 Recap: Steady Above Support The market has been resilient, notably maintaining above the 4822 level. A late-day failed breakdown...
Traders, The S&P500 has been 9 days without testing support and saw All Time-Highs. Today, the daily chart has presented a high probability of resuming the trend after a sharp correction. I already have an existing long that has done well but I'm adding into the position for this setup for icing on the cake. New: Long S&P 500 SPY target 4848.00 Stop 4695
📊 Market Sentiment: Bullish Santa Clause Rally The market sentiment remains cautiously optimistic, with the S&P 500 pushing to newer highs. However, there's an undercurrent of caution with the risk of corrective consolidation. The main focus is on major supports at 4813-16 and 4800 to maintain the rally. A sustained hold above these levels will be crucial for the...
📊 Market Sentiment: Cautious Holiday Trading As we continue the holiday week, trading volume and liquidity are expected to decrease significantly with the exit of institutional money and many professionals on break. This typically results in choppier and less predictable price action, increasing the potential risk for traders. The holiday trading mode is expected...