S&P 500 INDEX MODEL TRADING PLANS for THU. 06/15 The potential bull trap cautioned about by our models continues to be in play, while the markets seem to be calling the bluff of Powell's hawkish posturing in yesterday's "hawkish pause" presser. Nevertheless, bears should be cautious of not jumping the gun but wait for confirmation before initiating any shorts. It...
S&P 500 INDEX MODEL TRADING PLANS for WED. 06/14 Our trading plans published yesterday mentioned: "...our models are flashing potential for a bull trap ahead, possibly once the "fed pause" becomes official tomorrow". Today's FOMC decision is a "hawkish pause", giving an open case to be made for both the bulls and the bears, as expected. With this in the rear view...
A possible scenario in the coming weeks in the SP500 . It's just an idea, don't panic.
The weekly chart (on the bottom) shows that SPY and RSP were highly correlated until early March. After March, we have seen the two separate in YTD returns. The correlation coefficient confirms this break in trading. The breakdown in correlation between the RSP and SPY is most evident between May and June when RSP lost value and SPY gained value. In the last...
I have been thinking for some time about the idea that the indices will start to fall when the Fed stops raising rates. Well, today may be the final push... What do you think of this idea? It all adds up...
More than 97% of analysts say the FOMC won't raise interest rates tomorrow, but what will happen to Dollar Index, FX:EURUSD , TVC:GOLD and FRED:SP500 if Powell decides to hike interest rates by 25bp instead? Most likely, tomorrow's announcement will be our driver at least for the whole summer, because this event will have a strong impact on the market. So we...
S&P 500 INDEX MODEL TRADING PLANS for TUE. 06/13 With the post-CPI spike and the subsequent early session market action, our models are flashing potential for a bull trap ahead, possibly once the "fed pause" becomes official tomorrow. As we first stated to start this week, if you are a bull, it may be prudent to take some profits off the table; if you are a bear,...
Yes, it's true, believe it, today the only one structure that could take us down has been broken, it was a raising wedge crossing the symmetrical triangle, so, every stock that you buy and fall could recover making new market gurus.
Range is very clean. It is very clear where the price will go. I hope you can see this. All ranges of this range worked sharply. While individual investors buy the break out, you can sell it. Have a nice one and good trading!
For Tuesday, 4348.75 can contain intraday weakness, 4385.00 in reach and able to contain intraday strength. Pushing/opening above 4385.00 allows 4409.00 intraday, able to contain session strength and the level to settle above for yielding the targeted 4430.50 formation tomorrow, where the market can top out into July activity. Downside Tuesday,...
S&P 500 INDEX MODEL TRADING PLANS for MON. 06/12 The precarious rally of the last month has been baffling many with its lack of the breadth - the rally concentrated in just a handful of big-tech names. In the last trading plan - published on Thursday, 06/08 - we wrote: "If the rally does not dissipate this week, then it could be indicative of yet another leg up...
I'm currently going through all possible currencies, assets, cryptocurrencies, etc... and see what my new published indicator works best on. Indicator here: I will be happy if you try it and give me feedback. I will also be very happy for information on the best place to trade with the currencies of EURUSDT etc... or with Amazon, Dow etc... Thanks for all...
- TSLA extended to resistance, but still full bull control on 4h 12 EMA - GOOGL MSFT AMZN potentially shaping up a daily downtrend - AAPL strongest of big techs holding up still 2Day EMA 12 bull control guide - Sp500 held support that was prior resistance - QQQ 5th reject from golden pocket zone if big techs confirm daily downtrend QQQ wont be able to hold
The SPX is in a Bullish phase by Ascending Triangle. 🌟 Bullish signals are: - Pivot Yearly - Ascending Triangle - PRZ ZONE - break the Ascending Triangle ❗ and the Upward signals of market momentum are: - moving Ema 200 ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. ✅If this post was useful...
As projected yesterday, Intermediate wave 4 could be complete based on the early morning low on June 8. There is a slim chance Minor wave B inside of Intermediate wave 4 is the current location, but that will be invalidated if the index goes above 4300 tomorrow. To recap. Intermediate wave 1 was 25 trading days and gained 360.62 points. Intermediate wave 2...
I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility of a double top...
Strong chance Intermediate wave 4 ends tomorrow if Minor waves A and B are already completed. There is an off chance the marked wave A and B in yellow letters are only Minute waves 1 and 2 inside of wave A, however, the historical data was pretty adamant on Intermediate wave 4 only lasting around 2-4 days which makes the current chart setup very likely. Another...
S&P 500 INDEX MODEL TRADING PLANS for WED. 06/07 The precarious rally of the last month has been baffling many, with the lack of the breadth in the rally was concentrated in just a handful of big-tech names. With the major news cycles in the rear view mirror, that red hot bull could be losing steam. If the rally does not dissipate this week, then it could be...