📊 Market Sentiment: Neutral to Bearish U.S. Economic Projections: Rosenberg's Recession Warning: Forecasts an 85% chance of a recession in 2024, highlighting financial conditions and the yield curve as critical indicators. Global Economic Outlook: Tight Monetary Policy Impact: The World Economic Situation and Prospects report underscores the impact of...
📊 Market Sentiment: Neutral to Bearish U.S. Economic Projections: Congressional Budget Office (CBO) Outlook: Projects a slowdown in 2024 with a potential rebound in 2025 as the Federal Reserve lowers rates. The 2024 deficit is anticipated to be smaller than previously estimated, indicating a cautious approach towards monetary policy. Stock Market...
Good evening and i hope you are well. For gold i updated my weekly chart and bears proved me very wrong. Here my quote from the weekly outlook: short term: slightly bullish to top of triangle, invalid below 2030 Obviously they did break below big time and now bulls are doing everything they can to keep this above 2000. bull case: Bulls have to keep this...
📊 Market Sentiment: Neutral to Bearish Catalyst: The latest CPI results will be released this morning at 8:30 AM (EST). U.S. Economic Projections: Congressional Budget Office (CBO): Forecasts slower economic growth in 2024 with unemployment rising due to tight monetary policy, but expects growth rebound in 2025 as Federal Reserve lowers interest...
Good evening and i hope you are well. Today we witnessed a perfect bull trap above the recent new all time highs for US markets. Here is the most important quote from my weekly outlook i posted yesterday: We already ranged at the highs for some time now and for most indexes it’s just a higher high and now i expect a major trend reversal. Hence the title, the...
📊 Market Sentiment: Neutral Economic Data Releases: S&P Global Market Intelligence: Anticipated inflation and GDP data across Western economies, with U.S. CPI figures, UK GDP, inflation, labor market statistics, and Japan's GDP data in focus. Australia's Employment Data: Expected to show job growth, albeit at a softer pace. Market Sentiment and Indices: ...
Considering the projection outlined for the future SPX in a previous analysis, I realize that the target pointed out by SETUP on the long-term chart has been reached. Therefore, I think we have nowhere else to go up without at least having a small correction towards the 4685 region if I only consider the graphical analysis. See the image below. Despite...
On the U.S. stock market front, there has been a significant increase in the S&P 500 index, which closed the session with a gain of 0.76% compared to the values before January 29. The opening was in line with the closure of the previous session, but during the day, there was a strengthening, culminating in the closure near the day's highs. Analysis of Status and...
📊 Market Sentiment: Neutral Global Market Update: Steady European and U.S. stock-index futures amidst anticipation for U.S. inflation data signal cautious market sentiment. Canada-EU Trade Talks: Potential impact on trade dynamics and market sentiment could emerge from discussions at the CETA Joint Committee in Brussels. 📝 Today's Recap: Canadian...
Multiple time frame analysis for Crude Oil. Daily/4h time frames analysis. Price action, key levels. Bullish outlook explained. ❤️Please, support my work with like, thank you!❤️
📊 Market Sentiment: Neutral RBI Monetary Policy (February 2024): Keeping repo rates unchanged indicates RBI's cautious stance on inflation, impacting market sentiment and future interest rate expectations. Banking and Financial Services Trends (2024): AI's growing influence, interest in digital currencies, customer experience focus, and cybersecurity concerns...
Good evening and i hope you are well. Today was the day i started talking about around 2 weeks ago. The price action of the last 6 days was conclusive and i had no doubt market will reach the given bullish targets for more bear pain. SP500 e-mini futures printed 5020 and printing a new ath tomorrow is highly probable. I hope you played it and made some. Quote...
im anticipating higher prices for a sweep and then a retracement to internal range
📊 Market Sentiment: Neutral to Bearish U.S. Jobs Report (January 2024): Significant job additions indicating robust economic activity, potentially affecting Fed's interest rate decisions. Federal Reserve's Interest Rate Decision (January 2024): Rates held steady, with future cuts indicated, impacting investor sentiment and market strategies. Innovation...
in my next limit order that I promised you last month, I have chosen PEPE because I am currently interested in how PEPE forms the cup and handle pattern. Of course to be more sure when you can get in would be the breakout as it sometimes happens that a coin only fakes the cup and handle. However, I have now personally bought Pepe here and placed further limit...
📊 Market Sentiment: Neutral to Bearish Economic Positivity vs. Recession Risks: Ongoing discussions about potential economic slowdown amidst optimistic indicators. U.S. National Debt: Concerns over $34 trillion debt and its sustainability. Gold Prices: Driven to all-time highs by geopolitical tensions, banking uncertainties, and Fed's interest rate...
Gold prices fell on Monday, pressured by rising US Treasury yields and a stronger US dollar, following a series of solid US economic data, including January nonfarm payrolls and ISM Services PMI. Comments from Federal Reserve policymakers that an interest rate cut in March was unlikely also contributed to the decline in bullion prices. From a technical...
Good evening and i hope you are well. Markets went sideways today, as was expected and laid out yesterday. We are forming many triangles, which means that prices are converging and we get a break out soon. Bears tried a bit but bulls bought it, which confirms my thesis of higher prices. I still expect a bit more sideways movement. If i had to guess, i’d say we...