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Summary: GDP growth was less than expected this morning while employment data confirmed the Fed's message that there is still more work to do in the economic recovery. That wasn't necessarily a bad thing for equities, as it means economic support will continue for some time.
Ideas always welcome in the comments. Errors will be amended as comments on...
Stocks rallied yesterday hitting our profit target to the tick before retracing back to the bottom of the range. The S&P seems to be in a sideways corrective pattern at the moment, finding good support at the bottom of the range at 4380. The Kovach OBV has dropped notably, so we will see at open if we have enough steam to hold the range. If so, expect a...
Nasdaq has shown lots of selling pressure from the beginning of this week. broke multiple higher lows which shows us a shift in market structure to a more bearish approach. for my sell trade idea, i have a breaker OB zone which still can test as a sell order block. lines up with the 61.8 and 78.6 zone as well for confluence.
Summary: Investors survived another Fed meeting with stocks gaining after the Fed left monetary policy untouched but confirmed the economy is still on track and inflation appears transitory. Small caps and growth stocks soared while only a few of the SPDR sectors registered gains.
Ideas always welcome in the comments. Errors will be amended as...
New York market will be opening very soon and it will be very interesting to see where this market goes. We are in a very crutial point on nasdaq where this retest on the bullish structure can be the sign for a big fall as analysed last analysis. However if we do see the price creep back inside the structure then we can see more bulls coming back in pushing prices...
Nasdaq has made a new high again and we will see price going higher. The price currently 15000 may retrace to 14895 before continuing to go back up to 15100-15150. If price does break the current bullish trend then the pullback may be further to 14811- 14697 before continuing to make new high.
Stocks drifted sideways on Wednesday, with investors digesting a slew of earnings results and looking ahead to another set of reports. A monetary policy statement from the Federal Reserve is also slated for release.
Nasdaq struggled for direction, fluctuating between small gains and losses.
As you can see, we find ourselves in the middle of...
1-gap comes from cash phisical nasdaq
2-(abcd pattern can comes)
put buystop on high,sellstop in low with sl=50 trailstop=50 adviced
green arrow=powerful buylimit place with sl,trailstop=50
if buylimit on 14300 open,,dont close soon,hold it 10 day until 15300