Took a big risk of a comeback because of the recession: during that crash and recession still pushing harder along the inflation. Bear the strong resistance rejection, still among bearish .. but soon will collapse down to 10K and experts are still expecting to drop down to 10K area. This isn’t a good buy but secure your profits immediately
#Bonds #US10Y #YieldBond Will the US 10-year bond break the descending channel that has held for more than 50 years? The price of the bond is inversely proportional to its yield. This has been falling in value drastically as its profitability increases, but will it manage to overcome the resistance exerted by a descending channel for decades? If we take into...
GOLDUSD Daily neutral with a bearish bias. Recommended ratio: 35% Gold, 65% Cash. *Gold, Oil, Agriculture, Treasuries, Euro and Cryptos finished higher today while DXY and Equities closed lower. Last week the EU proposed a new ban on Gold imports from Russia (the fifth largest holder of Gold reserves in the world). Equities started strong but then finished...
As recession started few days ago .. and my idea still stands. 1 more leg down .. happen should be about 12K if not then around 10K. If you are still in a buy secure your profits immediately; opposite side of you are in a sell position MT4&5 stay in for a swing trade big profits in your way. If you are looking for a buy highly suggest wait around 12-10K.. bear...
Macro trend analysis and price action suggests that the bull run for the US DOLLAR / DXY is not over yet, and at best, will have a small period of sideways consolidation on the Fibonacci line shown, before continuing its upside. The yellow lines shown are what I would consider reversal areas, the first one being at around 120 and the second at 160. This analysis...
BINANCE:BTCUSDT ✔ Downtrend Resistance ✔ Channel Patter Resistance ✔ Candlestick Momentum Loss ✔ Rising Wedge usually falls ✔ Slowly going up, can result in a drastic fall
The patterns are there if you look close enough you will see them. EVERY MAJOR ECONOMIC HISTORICAL EVENT HAPPENED IN MARCH. EVERY SINGLE ONE. - We are not in a recession. The recession has not started yet but it is imminent. Something to keep in mind is when the economy is in a recession the dollar deflates not inflates and unemployment rises. Something big...
Could it be that market cycles are shorter now, versus back then in 2008? Also, we probably have more participants in the market now compared to prior years. More investors, traders as it has become more accessible. More people learnt from 2008 crash to buy the dips on indexes like the S&P as there is a very high probability of it only going higher. But, here's...
SPX Daily neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * US June Retail Sales was reported this morning and beat the consensus estimate (0.8%) by 0.2% coming in at 1%; compared to last month's retail sales number of -0.1%, it's reasonable to suggest that consumer demand is returning after six consecutive months of shrinkage (Jan 2.7%, Feb...
Well CPI-U came in at 9.1%. based on 1990s calculations that closer to 12.5% and based on 1980s calculations that's closer to 17-18% Just OOF. Guarantees FED won't go data dependent and then about face in their next meetings but honestly who thought they would...oh right everyone but bond traders. Add to that the earning reports for Netflix, IBM, Twitter,...
EUR/USD ▶️ GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI ▶️ Assuring Federal Reserve officials' comments have calmed investors' concerns for a historical 100 basis points (bps) interest rate increase, as the 9.1% headline inflation could persuade the Fed for more aggressive measures. The latest initial jobless claims rose to 244,000 over a 238,000...
As Nasdaq and $QQQ face increasing headwinds, SQQQ has broken out of a long-term ascending channel it entered in June 2021. Having formed a cup & handle and given the Fed's hawkish policies now has a price target of the March 2021 high around $84. Significant volume since the outset of the year continues trending upwards. Look for a retest of $64 for...
AMZN has been making an ABC correction since the 188 ATH. The decline was very fast once it failed to hold the 150 volume profile zone. It has retraced exactly to 101, the 0.854 FIB of the 82 pandemic low to ATH. There was a little bounce but AMZN basically is just hovering around the 2016 TL while consolidating inside my red box without breaking the downtrend...
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔼 USD/CAD 🔼 XAU 🔽 WTI 🔼 Following the release of the US Consumer Price Index, which showed that prices rose by a significantly worse 9.1% YoY in June than anticipated (8.8%), the US dollar ended the day slightly weaker. The core figure came in at 5.9 percent, down the previous 6 percent but higher than the projected 5.8 percent,...
S&P was hit by CPI news release with about a 2% drop from the 1H candle. Prices started climbing there after, but this could be a result of price-action, take profit at a key level. We see this in the 1D chart, for a rally base rally which was printed from 20-24 June 2022. Double top potentially forming if price does break the 3760 RBR zone. Where do we see...
Us30 has taken bearish hits since the beginning of this year. If it stays below $33,480 and continues back to the lows at 29,670 and further, we could see further decline. Not only for US30, but for the stocks within the index. Before that happens price could pullback towards 32,500 giving the buyers some opportunity and hopes of recovery. That's just a...
A trade idea based on my own. Interest Rates Forecasted To Be HIKES AGGRESIVELY SINCE (FED) Focused on 'HOT' INFLATION RATE. STRENGTHENING IN USD (DOLLARS), PINNED DOWN COMMODITY PRICES such GOLD. P/S (1): Commodity such GOLD can be AFFECTED by another FACTORS such as SUPPLY and etc. P/S (2): THIS IS NOT AN INVESTMENT ADVICE. PLEASE CONSULT ON YOUR OWN ANALYSIS.
Same thing for bitcoin .. I like around 500 area for a buy as a long term. Again the bear flag formation then a breakout. Recession & inflation gone worse from the weigh pressure of high rates. 500 area long term to over 7000, even so price will go higher. We be seeing 6000 but possible to go a lot higher. Same thing if your a day trader hold that sell profit if...