S&P500 AMEX:SPY is clearly forming a Bear Pennant flag in the monthly TF breakout below the bottom trendline will confirm that pattern 📉 Long term target in chart (in case of breakout) CBOE:SPX NASDAQ:QQQ AMEX:SPY MIL:BTC
"Inflation Peaked" Relief v/s "Recession Onset" Concern With the CPI and FOMC minutes almost confirming the cooling off of the inflation and potential "mild" recession, markets are on-and-off with the sense of relief for a day and with the sense of concern another day. The imminent earnings season should help decide which way the sentiment would settle towards....
The S&P 500, Nasdaq, Dow Jones Indexes, and Bitcoin cryptocurrency have all reached a Resistance Price Level Zone in April 2023. USA Stock Market Season for Q1 2023 officially began on 04/14/2023. If the majority of Stock Earnings are good, the price of all 4 assets could breakout above to test previous 2022 high prices (August & April 2022). However, if the...
SPx stabilizing above 4142 will be bullish to get 4155 and above it 4166 but stabilizing under 4090 will be bearish to get 4073 and 4060 The movement range will be between 4102 and 4122 Pivot Price: 4101 Support prices: 4090 & 4073 & 4060 Resistance prices: 4122 & 4142 & 4155
CME: E-Mini S&P 500 Put Options ( CME_MINI:ES1! ) Important data releases in the coming weeks would shed light on the health of the US economy and could have significant impacts on global financial markets. We will focus on a number of critical datasets, mainly the following, in the upcoming weeks: • Federal tax revenue (Tax filing deadline: April 18) • Existing...
Lets take a deep dive into the SPDR S&P 500 ETF Trust (SPY) and examine its trends across weekly, 4-hour, and 1-hour charts. Using technical analysis tools and strategies, we uncover insights into how SPY is behaving on different time scales and what that might mean for traders. Whether you're new to trading or a seasoned pro, you'll find valuable insights and...
Logarithm. The time frame on both charts is 1 month. It is worth considering as an indicator of large market cycles in general. I will not describe it, because I have already said a lot about it before. There is a correlation, which is logical, but not always. There are also reasons for this, which I have voiced before. Expensive and cheap money - the...
ON US500 I would not trade in the next few days, more information and more movement is needed because from this area it can both go up and down. In practice, I closed the day above the support but it is below the trend line (the blue one), if on Monday it does not close above the trend line and possibly confirms on Tuesday above the trend line, then in that case I...
SP500 on the 4h chart after the test of the weekly support at the 3840 structure started a series of higher highs higher lows move. The price that already tested a few times the 4000 level has retraced over a previous support area exactly at the 50% retracement and is now looking for a potential break . How can i approach this scenario? I will wait for the EU...
"Inflation Peaked" Relief v/s "Recession Onset" Concern With the CPI and FOMC minutes almost confirming the cooling off of the inflation and potential "mild" recession, markets are on-and-off with the sense of relief for a day and with the sense of concern another day. The imminent earnings season should help decide which way the sentiment would settle towards....
The ATH could be achieved in Aug 2023 if we get a similar ROC to the 2020 rally from the lows in March. The risk is losing the 3.800 in the SP500.
Exuberant Pumping-up to Settle Back Into Reality? Day 7 In our trading plans published Tue. 04/04, we wrote: "With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would be...
On 1H chart the trend is bullish, but even if it wanted to develop a bullish impulsive structure (i-ii-iii-iv-v), in short term, it would have to trigger a corrective structure (ABC Pattern, for example) with a Target around $4,100. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.:...
Top of mind for investors and traders right now is whether or not the S&P 500 has reached its bottom. While this is an impossible question to answer and depends on which timeframe one is looking for a bottom, I will attempt to provide an general analysis below. First, the chart above is a quarterly chart (each candle represents a 3-month period) of the S&P 500....
SPX - forming a head and shoulders. Prepare for next leg down to 3400 SPX. 😎
S&P 500 has been moving on Ascending Channel for about 12 years😱. S&P 500 had an Impulse wave with an Extended 3rd Wave . When wave 3 is extended , we can use from Elliott Wave Fibonacci Retracement and Extension Guidelines of extended waves : 🔅 If wave 3 is extended , waves 1 and 5 are often nearly equal in magnitude and duration.= This...
HI Guys Hope you well, we are in uptrend , SecondChanceCrypto ⏰10/April/23 ⛔️(DYOR)
Exuberant Pumping-up to Settle Back Into Reality? Day 6 In our trading plans published yesterday, Tue. 04/04, we wrote: "With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would...