S&P 500 INDEX MODEL TRADING PLANS for FRI. 06/30
The choppy trading for the last week or so appears now resolved to the upside with the soft PCE numbers released this morning. This appears fueling the typical quarter-end window dressing by funds, resulting in the path of least resistance being to the upside. Cover any open shorts and avoid going short - next...
📢 Yield curve inversion alert! Here's what you need to know:
📉 The 10-year minus 2-year yield curve has inverted 📉 This occurrence, where the shorter-term yields surpass longer-term yields, often raises concerns about the economy's health. Historically, such inversions have been associated with impending economic downturns. The inversion of the yield curve is a...
Assuming we are early into the long trip downward would put us somewhere in the early stages of Cycle wave C down, Primary wave 1 down, Intermediate wave 2 up. This would have made Intermediate wave 1 down 5 trading days long with a 120.39 point drop. Based on waves ending in C12, Intermediate wave 2 will last 1 day. There are zero other possible lengths. The...
The S&P500 has hit our first target a couple of days ago. Now the price is at the lower level of the resistance zone. This could mean that a correction is due.
I believe that the resistance will be either broken or held at the end of the week. In this case, the most likely scenario is that the resistance will hold, and that we'll see lower prices for the...
S&P 500 INDEX MODEL TRADING PLANS for WED. 06/28
Our models indicate choppy trading with no directional momentum until PCE release later this week. Depending on the number, it may bring inflation and interest rates back onto the market radar, with downside pressure added on the markets, which could crescendo into the FOMC meeting next week.
In our trading plans...
The #SP500 diverged 61% from the trend it had referenced since 1940.
When we look at such divergences in history, we see that the index has returned to the reference trend.
The beginning of this reversal is usually confirmed by a close below the SMA9 on the 3-month timeframe. This level is currently displayed as $4174.
In a possible bear scenario, EMA60 or...
S&P 500 INDEX MODEL TRADING PLANS for TUE. 06/27
Our models indicate choppy trading with no directional momentum until PCE release later this week. Depending on the number, it may bring inflation and interest rates back onto the market radar, with downside pressure added on the markets, which could crescendo into the FOMC meeting next week.
In our trading plans...
I mentioned an analysis would be published in the event the market has not topped. This analysis can be useful if the market abides by it we could return up, otherwise it can help confirm the market top did occur on June 16. If the top from June 16 was not the market top we are likely in Intermediate wave 4 and may have possibly finished the bottom with the low...
Trendline has been broken.
- We can now see one of two scenarios: Consolidation or Sell.
- A sell could simply be as shallow as a normal correction 5% - 10% or a deeper selloff.
- A deep selloff however would need the VIX to rally higher, over 20 but def over 16 minimum.
S&P 500 INDEX MODEL TRADING PLANS for FRI. 06/23
In our trading plans for Fri. 06/16, we wrote: "The spectacular bull run of the last few weeks fueled by speculation around the Fed policies and, possibly, an epic short squeeze, could be consolidating in the week ahead". This has played out as anticipated with yesterday's consolidation. It appears gaining traction...
For Thursday, 4444.50 can contain session strength, below which 4352.50 is likely intraday, 4257.50 in reach by the end of next week, where the market can bottom out on a weekly basis, possibly into later July.
Upside Thursday, pushing/opening above 4444.50 signals 4462.50, while closing today above 4444.50 indicates 4503.50 within several days, able to...
S&P 500 INDEX MODEL TRADING PLANS for WED. 06/21
In our trading plans for Fri. 06/16, we wrote: "The spectacular bull run of the last few weeks fueled by speculation around the Fed policies and, possibly, an epic short squeeze, could be consolidating in the week ahead". This has played out as anticipated with yesterday's consolidation. It appears gaining traction...
Based on the theory the market has topped, the following is what we should roughly see next. There is still a chance Cycle B is not completed and I will outline what that could look like later this week or next. A few of those theories have us in only Intermediate wave 3 of Primary wave C of Cycle wave B up with the next possible market top around 4631. However,...
The weekly timeframe shows, that the price of this stock is bouncing of a support zone. It forms from previous bounces from this zone as shown in the chart. Besides that, we have a bullish engulfing candle last week.
So there is a potential buy opportunity with a 2:1 Risk-Reward-Ratio to the upside.
Enter: 101,87
StopLoss: 95,38
TakeProfit: 113,9
have a great...
The 4195.75 long-term support area can contain selling through the balance of the year, above which 4606.50 remains a 3 - 5 month objective, the 4808.25, January 2022 all-time high expected by the end of the year.
On the way up, 4606.50 can contain monthly buying pressures, with a settlement above 4606.50 indicating the targeted 4808.25 within 3 - 5 weeks,...
Hi guys,
I saw a lot of fake guru comparing '16/'20 with todays'.
But in my mind is not true because if we compare '16/'20 with '01/'08 we all tend to agree the chart is so similar, but as u can see the rise after '08 crash is not in parabolic mode.
Could I'll be wrong? Of course, but if u find someone who compares chart randomly, unfollow immediately.
Let's see.
Nasdaq100 Big Picture Short Monthly Resistance:
First, there is now big and strong Resistance and I expect the price imminently to drop under 14,500, if you look at the highs of months 2-3-4 of 2022, we are there now + the trend line of the 2 must-high prices at top.
Second, the price structure of the last Rally that we see now should make a down movement now...
