Nasdaq have been in sideway for the first half of Feb 2023 During this period we have 1) FOMC meeting 2) CPI data 3) PPI Data 4) Unemployment Data 5) Retails During the FOMC on the 1st of Feb 2023, Powell was confident of a soft landing. He mentioned the word "disinflation" approximately 20 times. He gave the green light for the market to rally by stating...
10YY is back at Dec 2022 high, yet S&P is far from Dec 2022 low. 100Y has broken out above resistance. The dollar continues to show strength. No doubt, there is bound to be a market retracement coming up. If you FOMO during the last week, you may want to trim some long positions. The next question is, will a new higher low be created? There are 2...
Bitcoin blasted thru all bunch of major resistance then sells off like crazy.... Bull Trap!!? Bitcoin needs to hold the yellow trend line, at least. Not surprised to see Bitcoin doing this here. Upon all seriousness the markets are still uncertain due to the Macro economic environment. I think the reason for the BTC upside is the fact that a lot of Shorts...
Macro Looking to take a spill. This is rough territory sitting on the 50 EMA. Make your selections for further slide and take profit from recent rakes. The rake was today from recent long positions. The short has more so everyone please be careful.
One to Watch: DXY, 2/12/23 Potential succesful retest of LT monthly base break? Multi timeframe- daily back over 55d trend filter. Next move in trend getting going? Catalyst/headwind for equities?
U.S. CPI inflation data was published on Tuesday. On a year-over-year (YoY) basis, inflation data came in hot at 0.21% above expectations. Despite inflation slowing YoY, expectations had been that current data would come out lower. Consequently, risk assets and equities have taken a short-term hit whilst the dollar gained some bullish momentum as this data...
In this Video I discuss upcoming events quickly, then dive into the weekly analysis of the SPY ETF which is a good proxy for the S&P500 that is often a tell on general market movements. We also discuss some recession indicators, and some pattern analysis. Also dont Forget CPI is released on the 15th. You can jump to the below links and hit the play from the dates...
its obvious that weve seen higher prices in equity since oct. 2022. im just highlighting similarities here: comparing this to the broader trend you can see the only difference between now and other weekly lows and highs in the cycle is weve created a higher low or rising bottom trend line. the top trend lines are still facing down. its not impossible that we see...
Last several years I've been using many tools to analyze, and try to take advantage of opportunities in terms of long-term market structure on BTC . One of the main tools I really like to use and came with the most reward so to speak, is a specific Fib level. It proved to read with a very good probability the potential bottom of BTC ( especially BTC ) on the...
Flipped resistance into Support right below a LTF range high Above range and looking for target marked on the chart. If it gets above the range high and then back under, its a quick short back into the LTF Mid range as a target back to the 2022 Yearly CLose. Do not want to see it trade below the 2022 Yearly close or its starting to look like Goblin town. A DXY...
The breakdown we want. The breakdown we deserve. Similarly to how the dollar strength overshot, the pendulum swings back now at full force. The story will be different as soon as Europe decelerates its rate hikes. Europe is approximately six months later in its economic cycle. Another pivot of that trend happens should the recession finally materialize. Good...
$SPY Long Term Chart - Possible Downtrend Breakout Not a recommendation, just an observation. This could be the beginning of a new long term uptrend - though it's dependent on a lot of different macro & geopolitical factors in the next 3-6 months. (i.e. inflation readings, FED actions, war in Ukraine, etc) Q1-Q2 2023 could begin to see a rotation out of...
Technical reasons RSI breaking structure Price is breaking bear trend Price is breaking channel MACD trending up Fib target 0.618 retracements from lows Macro reasons China's GDP shrinking Inflation coming down FED lowering Interest rates Possibly rasing debt ceiling Keep learning, keep creating, keep Investing *Not financial advice
Friends, fundamentally things could not be looking any better for Ethereum. Multiple Central Banks are now building on Ethereum infrastructure. (1)(2)(3) Treasury Tokenization thanks to Blackrock (will increase TVL ) (4) Circle launching a Euro Stable Coin - which will increase adoption. (5) Additional stable coins to follow! Uniswap entering...
basic macro market structure swing trade. Two daily s/r levels as well as a weekly s/r and a major s/r flip on BTC. If this is how it plays out is could be a very profitable Q1
Assuming with a high degree of certainty, that positive traditional market sentiment is waning. As we enter the first acknowledged year of this Great Inflationary Central Bank Recession, caused by a combination of negative interest rates and a supply chain bullwhip effect even the Russian military's logistic department might have been able to spot. We are going...
just another sign you will likey see further deals. Trust nobody, including me! Im gonna look like a big dummy afther this many posts if we just bomb higher in 2023 😉 Happy trading - stay agile
Table of Content: 1. The World Bank 2. Jerome Powell 3. Mass Layoffs 4. Corporate Headline 5. Technical 1. The World Bank The World Bank has recently announced a slash in the forecast for global growth. This year's global growth forecast is reduced by nearly half, to just 1.7%, from its previous projection of 3%. It would be the third-weakest annual expansion...