As I explained before, I don't think has turned bullish and the 4200 zone should offer great resistance. Indeed, from that zone, the index has started to drop, and although we have had a mini up trend in the past 2 weeks or so, the rise is anemic and clearly corrective. Yesterday's strong bearish engulfing could announce a new local top and lower high in place and...
Starting off I really had this event happening around 2030s, but here we are in 2023 just as Weimar Germany in 1923 stuck with too much debt to gdp. I don't care what the debt comes from or is spent on when a government goes Weimar and allows debt to get too far from a countries GDP its the point of no return. Done. Settled. There is no coming back. So where...
Our short term trade paid off nicely even though it took 5 days. The price headed to our target price of 4,008. We now need to bank our profits and move on to the next trade. Now we have a gap that is still to fill and we have orders to still fill on the daily (Fair Value Gap). But I'll let you know!
The banking failures and constant layoffs happening in real time I believe will impact the Fed and Higher rates and recession may be imminent. We have been breaking structure to the upside and I am looking for a retrace between 3955.00 and 3980.00 with the first target at the 4027.1 level. Currently bullish until the market specifies a break of structure below...
On the daily chart of the S&P 500, the Federal Funds futures indicate a probability of nearly 60% for a 50 basis point rate hike. Today's release of U.S. employment data may either reinforce the possibility of a 50 bps rate hike or tilt the balance towards a smaller increase of 25 bps. Experts predict that the U.S. economy will see the addition of around 200,000...
In this Video I discuss The technical analysis of the SPY ETF which is a proxy the S&P500 that is often a tell on general market movements. I also discuss broader market Macros I have been watching including last week's and next weeks economic events. We also discuss some recession indicators, and other charts that show headwinds and tailwinds to equities. You...
check it out, what do you think? this would be a great buying opportunity at 3100ish
The S&P 500 index dropped to test the lower trendline of the ascending channel, which also corresponds to the support level of 4000.0, the 23.6% Fibonacci level, and the intersection of the 50-day moving average. It is likely that the price will rebound towards the level of 4085.0, with three potential scenarios: 1- The price fails to make a new high and tests...
Banking crises in the U.S. and Switzerland have shaken financial markets causing price to breakthrough 1st support Entry: 3,858.85 Why we like it: Price has broken through 1st support Stop Loss: 4,052.71 Why we like it: There is an overlap resistance Take Profit: 3,755.50 Why we like it: There is an overlap support Please be advised that the information...
This analysis isn't going to be very exciting. I just wanted to share that I think it is likely the SPX has found a bottom. We're still below resistance, but this is likely going to change soon, especially with the 3rd retest of the zone. I'm bullish on the stock market.
Based on the 4-hour timeframe, there are clear indications of a bearish trend in the S&P 500 index. After testing the weekly resistance level at 4160, the market started a bearish move with a series of lower lows and lower highs. Further analysis shows that the market retraced to the 0.618 Fibonacci level after the first bearish impulse and tested a daily...
Stocks are all going down in general and Tesla is due for a big correction after it went almost 100% in 2 months. I'll be setting limit orders starting at $140. My custom indicator is showing me this is where i can expect to buy.
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
We are looking at the SP500 on 15 minute time frame. we see two Dotted lines - Green - Daily High of the previous day Red - Daily LOW of the previous day The daily trend is DOWN - so Daily Bias is look for shorts. The first hour, the market came down and formed a new low before we had a break of structure to the upside. This forms what's known as Sell Side...
Look Before You Jump! The banking meltdown seems to be spreading across the globe, and it could potentially be just the tip of the iceberg. When something doesn't feel right, stay away from it. There are going to be plenty of trading/investment opportunity down the road - sitting on the sidelines for a day or two does not harm your financial well being; rather,...
Hey traders, here is the analysi. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT
It seems that inflation is considered the devil for the markets, so the focus will be on the next Fed meeting scheduled for March 22nd. Last week we saw a strong increase in NFP and this could be the first sign of a hawkish FED, but this week we will see the second and final sign for the markets: CPI release. These two drivers will complete the big economic figure...
The Banking Meltdown Rollercoaster Does NOT Bode Disaster! The banking meltdown that started last week is now being stemmed by the Fed, with the new Fed facility extended to the banks for liquidity. Despite the failures of SVB, Signature Bank, and Silvergate, do NOT bet against the Fed's ability to stave off economic disasters in the U.S. There is no better...