If you look at the S&P500 index ( TVC:SPX ) chart, you find that it has reached, and even surpassed, the previous high at 3393.5 which occurred just before the CV19 drop in March 2020. The last close on 31 December 2020 was at 3760. However, many attribute the recent V-shaped recovery to the Quantitative Easing scheme by the Federal Reserve, which makes a lot of...
Markets have priced in a March hike for some time, which takes the sting out of this form of tightening, and which could create the set-up for a 'sell-the-news' recovery in risk assets. But, more importantly, participants have begun to question whether the strike on the Fed's put is further from the market, in a regime where the central bank is battling...
USDZAR has seen some highs being broken and liquidity taken out.Scalp buy if we retest the trendline and orderblock. NOTE daily is stil in a downntrend
Bitcoin ♻️ Bitcoin jumped up after the support test of 32900 and was able to move up to 38500 But this does not seem to be the end of the downtrend, and the pullback to the lost level was probably $ 39000- 40000$ , According to the ABC model, which was analyzed 4 days ago, the level of 29000-30000$ not been tested yet and the cycle has not been...
BINANCE:NEARUSDT Don't panicking relax and enjoy the chart Keep eyes on it 😉
Early this year, we covered the false breakout in the S&P 500. Now the opposite may have taken place: a false breakdown. Notice how prices dipped yesterday to their lowest level since mid-June. They blitzed through support from early October and July, before reversing to close slightly positive. That kind of testing below support, followed by a quick rebound...
!! Not a Financial Advice !! FTMUSDT The last published idea is still in play. Although we overshoot over the first leg of Elliott Wave, we are coming down and preparing for the third leg. I can imagine the CPI report by fed on 12 Jan will bring us down to the buy zone. There I will add more fuel to my rocket :) I think the CPI report will be nothing burger...
Inflation expectations (T10YIE, red line) have been on the rise since Q1 2020. Nominal yields (US10Y, turquoise line) bottomed as gold (XAUUSD, yellow line) topped in Aug 2020 after the Fed marked the end of stimulus expansion, shifting speculation to timing the eventual tightening. However, stocks (ESH2022, S&P 500 future, purple line) did not turn lower until...
During the 1998-2000 period we had a 20% correction in SP500 in the LH of 1998 followed by WTI bottoming in the low teens and 3 very fast rate cuts In the following 8 months up SP500 gained just shy of 50%, WTI gained 60% and the first 25bps rate hike come in 30th of June 1999 SP500 corrected to retest previous low, then second rate hike of 25bps come in on 24th...
S&P500 15m TF Major Reversal Pattern confirmed with the textbook Inverse Head & Shoulders pattern printed on the 15m TF overnight in the US. Initially gapping down price almost hit the Fib Retracement 0.236 before the buying started which now has me thinking that inflation worries are now being priced into the market. Where to from here? A rally IMO would...
SPX found ground at 4231 Support. A beautiful hammer candlestick showed up on the daily chart today. A hammer candlestick indicates a potential price reversal to the upside. The price must start moving up following the hammer; this would confirm the reversal. RSI extremely oversold at 20. The Federal Reserves FOMC meeting tomorrow , and Wednesday should help...
Hello guys. this is logarithmic view of weekly SPX. and as you can see , s&p 500 has a big bubble . I think it is not time to buy in this atmosphere. pay attention to Fed speech this week and then decide . if Fed speed up rate hikes, SPX can reach to low of this channel in 1-2 months. thanks for your likes :)
According to the previous analysis DXY bounced at the mentioned support level with a double bottom pattern. Now DXY is ready to make another leg up and this move clearly isn't good for commodities and that's why I expect a crash in the commodity markets like stocks and crypto
We closed Friday at the local support pf 14600 and went through it like a knife through butter down to the next major support at 14400. If we do not hold that there is a high chance we dive into 14000. A Pattern that keeps repeating is that we see green candles in premarket, fooling average Joe that the dip has ended, average Joe buys in, and in the second half...
Technical Analysis and Outlook The index is heading to Outer Index Dip 4375 and possibly to Key Sup 4305. Stay tuned.
This is how $400 might happen. We are seeing a sell off across basically everything. I think oil will probably be no exception in this bear market phase. Fed will likely hike rates sending the markets into a hissy fit, followed by the chairman reversing stance and then there could be a rip roaring market in Oil/Gold/Silver/Commodities.
Following along with the MEGAPHONE theme from a previous chart taking the first touch of the MEGAPHONE TOP, as the top. Being a weekly chart, we need to see the weekly close below the RIBBON for CONFIRMATION that we are indeed heading into a period of CORRECTION. Given that the FEDERAL RESERVE will meet next week and have already stated that they will not move in...
The Japanese yen has edged higher for a second straight day. In the North American session, USD/JPY is trading at the 114.00 line. In economic news, Japan releases December inflation data and the BoJ will publish the minutes of its December meeting. In the US, economic releases were mixed. Unemployment claims jumped to 287 thousand, above the forecast of 220...