The S&P 500 wrapped up September lower, falling the most since March 2020.
Prices took out a bearish Rising Wedge and subsequently confirmed the breakout lower. Now, the index is eyeing the 4224 - 4258 inflection zone.
There could be more room to give with the 200-day Simple Moving Average still below. The line could reinforce the dominant uptrend as key...
Would be nice to get a drop to 410-420 for a nice buy the dip opportunity into the year end
365 would definitely be a gift.
180 in 2023? Jk (not)
We will see what Powell and Yellowstein has in store for us.
There are a million reasons to be bullish and a million reasons to be bearish. You pick the side you want to be on. I am 60/40 but may change my mind in...
Bull market is over. End of X-wave pattern. This pattern begin very violent downside action, which could push the S&P down 35-40%.
Stock market conditions will be extremely treacherous for the next period - please be careful.
I totally forgot about the congressional meeting with Powell and Yellen.. That and the debt ceiling talk completely spooked traders. VIX jumped up to 24 by 10pm EST.. nothing says uncertainty like that.
It's been a little tough to gauge the direction of the market the past few days, but I'd like to share a little insight.
Let's break it down:
If rates do not get blocked by that weekly 200 ema and reject from the 1.64 lvl then I would say we are heading into some serious pain for risk assets with a C wave target of 2.14 basis points. IDK guys but im thinking 1.64 holds and SP500 completes my C wave around 4250. Then back up to 5,000 EOY
I hope you are well. As I'm sure a lot of others have been seeing, several charts posted on twitter and here are predicting a bearish move using Elliott Waves , news, a favorite indicator, or whatever lens we'd like to view the market through.
Next few days look choppy to me. Are we going to end Sept on a high note or take a dip?
In my opinion,...
Although the S&P500 has lost some power, we expect it to rise further and turn into a correction at around 4502 points. This correction should stretch to around 4451 points and pave the way for surges past 4549 points.
Have a good start to the week!
Well, friends, the markets are positive since Mr. Powell has finally brought at least some clarity! Very likely to see tapering to begin in November As a result, the market found a bottom after the S&P500 correction by 5.7%.
In the end, what's the plan for now? The answer is simple - tapering trading. We are proceeding from the fact that the growth of UST yields...
What Is the Cboe Volatility Index (VIX)?
The Cboe Volatility Index (VIX) is a real-time index that represents the market's expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). Because it is derived from the prices of SPX index options with near-term expiration dates, it generates a 30-day forward projection of volatility....
Not breaking below the 50D MA and staying
there for a while, just like previous pullbacks
we could/might/can have a Golden Cross
meaning a "Catalyst is in the pip line already "
like in few days/2 weeks tops