This is not the first time we look into the S&P500 (SPX) from a multi-decade perspective. Every time we look into the Cycles since the Great Depression we bring an additional element to the table. This time we break down parts of those Cycles even more and look into the RSI as well. This analysis will attempt to shed light into the doubt of, perhaps the majority...
Germany CPI rose more than expected but apparently that's good news because FDAX is up 1.4%, lol. Everything is overbought now, financials just touched red.
US PCE tomorrow before open, expected number is 0.4% so we could see another "disinflation" pump premarket. Think I'm just gonna sit this out until next week and buy when MFI hits oversold.
Missed out this...
The S&P500 index formed a Channel Up with the 4H technicals indicating a healthy uptrend (RSI = 63.246, MACD = 19.720, ADX = 49.272). The 4H RSI is on Higher Lows of its own and the 4H MA50 is about to cross over the 4H MA200 and form the first Golden Cross since January 17th. A pullback will be an excellent opportunity for lower risk buys.
The Fibonacci...
Every sector closed positive yesterday, maybe it is time to be cautious.
Any test of ETH session High could provide direction for the day.
Level to watch 4082 --- 4080
Report to watch:
US: EIA Natural Gas Report
10:30 AM ET
Window Dressing Buoying The Markets?
As we wrote in our trading plans on Tue., 03/28: "However, our models indicate the risk for the markets to spike to the upside rather than to the downside, owing to the potential for quarter-end window dressing. We will get more clarity on this potential as we approach Friday". Our models continue to monitor the price action...
spx showing some bearish movement today.
I ananlyzed the weekly and monthly candles both.
Candle is changing from bull to Bear right now.
This kind of pattern shows very dangerous powerful crash.
Maybe the big short will come soon.
Dejavu of 2008 crash,.
So, the low volume continues to plague these movements. Most of the movements have been in premarket trading now also. I think another day of sit and wait is in order for me.
We've gotten the 3hr/4hr/6hr uptrends. The 6hr was a lower high and was immediately violated with no hesitation. The 3hr and 4hr were higher highs, which we also pushed past. With the...
🖼 Daily Technical Picture 📈
➤ Equities shot up higher with you guessed it...Nasdaq leading the way. If investors did not have a large tech allocation, they have been left way way behind at least so far this year.
➤ S&P500 is up 5% YTD but is now back trafficking at the 400 level. This has been the recent "zero" line from where prices oscillate up and down 5% on...
So I may stay out of the ES a bit more today. My ES! analysis says we are prime for a movement down, however, my ESM contract says that we are beginning to fail that down movement and could see a bit more upside. I don't like the divergence, and don't remember a time they were this bad, so I have browsed over to other areas to trade.
On the ESM it is clear that...
Choppiness to Persist Into Friday?
As we wrote in our trading plans for yesterday, Tue., 03/28: "However, our models indicate the risk for the markets to spike to the upside rather than to the downside, owing to the potential for quarter-end window dressing. We will get more clarity on this potential as we approach Friday". Our models continue to be in an...
This is long 20 min video. I think i reached the limit as i didn't manage to finish the recording but you will get the point. You better get the point or you might run deadly risks going Long or Short....
I am going to start with the 3 de-couplings:
1. China-US Decoupling
2. Banks - Crypto decoupling
3. Crypto-Indices decoupling
I cover all 3 in the video plus...
In the is update we review the recent price action in the `#SP500 emini futures contract and identify some high probability trading opportunities and price objectives tot arget
I put the wrong headliner earlier today but this is the correct chart moving from tonight to tomorrow 3/29. Our zones held up pretty darn well today. looking forward to tomorrows session ✅
🖼 Daily Technical Picture 📈
➤ Another low volatility day. Equity prices recovered to finish where it started the day. For me it meant flipping my short position to being long/buy.
➤ "The Flipper" in Cricket is a bowling action made famous by the legend leg spinner Shane Warne...may he rest in peace. It's a normal looking spinning delivery but actually just skids...
Hard to make money when the market has been going sideways for the past month, and basically at the same spot it was the second week of the calendar year.
All you can do is take your pot shots when indicators line up. You can't chase a whipsaw market, especially with options.
