SPY on the 15 -minute chart is shown to be in a megaphone or broadening wedge pattern since
March 5th. Price is now at the lower support ascending support trend line. The Gaussing
regression line forecast indicator an example of predictive modeling confirms with a prediction
that price will trend up inside the pattern and head toward the upper resistance...
DXY H4 - Big dump on the dollar seen yesterday during the overlap session, big data points causing the dollar to fall off, in line with softer inflation figures, PPI figures and retail figures, yet again. Certainly going to be an interesting one at the next FOMC Press conference. Hoping to grab some more ***USD longs this week.
either we hit this weekly sss demand zone and bounce, or we blow through it and make new lows. we are at bottom of envelope, and it appears to be turning. if sss signal stays red and we break 362.17 i thikk were in for 350.77 if not much lower around 320. if we bounce off that 363 level, and we get over the 377 range ithink were in for 396 maybe 405. horizontals...
recent data suggesting the bottom is probably not in for the nasdaq means we need to see sss signal green on the monthly and cross above pivot for upper horizontals to be in play. till then were not averse to lower horizontals, or even touching the sss supply zone. qqe going long monthly would mean a long term entry averaging up into nasdaq funds would be profitable.
sideways trading is more than likely the norm until further notice daily, and ive marked out the rangebound timezone cycle as well as kept the swing target low and pivot.
SPY and emini es1! futures have signaled the start of daily consolidation for the S&P500, and a rejection from the monthly trendline. this idea is simple. if we confirm a lower monthly high, and the beginning of a reversal by remaining below the pivot i would aim for sss supports and lower horizontals. if we remain rangebound, and break out above pivot i would aim...
DXY H4
Here goes the dollar support break we have been anticipating, expecting USD bears and therefore gold bid and cable bid today.
We must be aware of the housing figures etc for the USD later on today, some short lived effects likely.
VOO AMEX:VOO is showing promise. Markets have very slowly begun to correct since the Russian Invasion into Ukraine Feb 24th, 2022. Since then, you see some recover on this chart. While things are still uncertain with the overall health of the economy and markets the S&P is gaining some slow momentum. However is VOO a good long term hold ? Well, I'm gonna be...
i really want to stress that i am not saying the daily/weekly trend is going to change right back to bull.
with that said, i think there is money to be made long over the next week, as long as futures sunday dont have the craziest bear session since corona.
some shorts are going to cover on the next drop, and this is going to cause a small squeeze.
i dont think...
DXY D1
Like we mentioned, non-farm payrolls, average earnings and unemployment figures are coming out this afternoon 1:30pm UK time, so as the NA session comes into play. We can expect some nice volume.
This may be the trend setter for the month ahead. We are obviously hoping to see the USD correct and pull down towards that 94.500 region, which would...
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For a long time now i've been investing in VWRL (FTSE All World Index) as a way of keeping my portfolio diversified and allowing me to take more risk when it comes to individual stocks as most of my money is within this fund. When talking to a friend the other week he has a similar approach but instead of VWRL he's been investing in VUSA (S&P 500 Index tracker) he...
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As we can see, price failed an attempt to finalize a head and shoulders pattern to the downside. Price pushed back up and closed above the neck line. Price also made a three inside out bullish candle reversal at demand. Price shall break and close above my 1 hour inverse head and shoulders in attempt to go back into previous supply zone.
Let's take a look at the long term logarithmic scale to view the long term trend of the S&P 500. We have completely broken past the monthly support and broke the .382 fib support level. Having analyzed the daily RSI we could be looking to form a bullish divergence that could lead us to a miniature relief rally to retest our old support and confirm it as...
