After a decent bullish type 1 reaction the SPX has come back down to the zone and looks to be showing moderate exaustion. If we can get that MACD to cross and the RSI to curl out of the oversold region we could very well see the SPX stage a rally before the end of this week or at the start of next week. That should take it to the true target of atleast $4120 or higher.
I was staying on cash for awhile. I wanted to short the market before the end market is over. However I decide to belive the bullish pattern for now. I don't saying that this will create full blowing scale bull's move. But few more steps more to go. You could feel that I wan confused also. Most people would get mixed up signal also. I had some good sleep...
Hi, I had opened a short on the SP500 last night, all economic factors are pointing towards a recession whether it is interest rates, housing market, inflation or political leaders. This week the US 2 year treasury reached 5%, a level not seen since just before the financial crash. Waking up to the news of Silcon valley bank plummeting due to them announcing a...
Hi Traders, This is my view for today on ES Micro and macro structure are aligned. Next target will be 3900 and can be reached immediately after a manipulation around Asian Session High or with a retest on 4000 level on a strong SUPPLY zone. (I’ll personally wait for this retest to go short). Pit, Trading Kitchen DISCLAIMER: Trading activity is very...
i have a nice short position with 10X leverage on Bing X and as you can see we topped out and i expect a retrace to the -0.272 fib.
Grabbing a pilot position into MSI (telco) RS rating is lower 84/100 Industry group is lower 125/197
Hi Traders, This is my view for today on ES Strong bearish impulse started from 4080 level let me think price will retest 4060 level which is 75%… This is the micro structure. The higher one’s had been broken at 4026. Fair Value Gap ate 3955 which is today’s target. We’re ranging, No short below 3920, no longs above 4100. Pit, Trading...
UStech analysis 1D. It retraces twice about 62% now 78.6%. Making a bullish flag and could go up if it breaks this level. otherwise we could see a downtrend from here.
Fed Fight Fatigue/Reality to Set In Soon? Markets are still trying hard to get unstuck from the Fed Fight and move on in some clear direction. Despite the apparently big moves and volatility and Fed events, the markets are just where they were in 2nd/3rd week of January! Double check the S&P 500 Index close on Jan 8th-12th, and you can see it. There is no clear...
We have seen SPX bouncing up, but If it goes downtrend (Fundamental analysis) as we can see with fibonacci levels we can get deeper. The trigger point could be this Rising Wedge.
Only stating to SELL S&P 500 your choice to execute. ONLY EXECUTE IF YOU SEE THIS POST EARLY ENOUGH AS THE PRICE STILL IS AROUND THE SAME PRICE MORE OR LESS. Check out my previous posts to check my accuracy in the comment section. Comment down below to get notified when to close the trade.
An ominous sign of real uncertainty that hasn't happened in a long time. Maybe SPX price will not eventually cross green Kumo cloud and support will come from e.g. EMA100 on the monthly chart and later a reset market will show growth. But tearing up from here is a very precarious position.
Hello Traders, Hope you all are doing good!! I expect US500 to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Hey traders, in the coming week we are monitoring US500 for a buying opportunity around 3930 zone, S&P500 long is one of the trade i would love to consider when the DXY shows some downwards as there is a negative correlation between DXY and the Stock Market. Technically i will watch the price action once the price approach the major daily trend. Feel free to ask...
This year S&P500 will be going nowhere as it will be traded within a range of around 3400-4000 and probably will end around 3200-3800 by the end of the year. It may test lower point and may touch higher point than the given range, however it won't crash and won't spike either. The reasons for these analysis is based on Index Value Rainbow indicator above. This...
As an investor or trader, analyzing the market and making informed decisions based on that analysis is crucial. In this article, we will delve into an analysis of the market and explore a possible trade opportunity. The market is a dynamic and ever-changing entity, constantly presenting new opportunities for investors and traders alike. At the time of writing,...
This area of mixed support and resistance goes back to November 2022. This is my first area of resistance. Next area tops at 4053. Based on the moves from yesterday and today, the top would most likely occur today. Monday is no longer needed to move higher.