❗️IMPORTANT MARKET UPDATE! The SPX itself is currently retesting this resistance of this expanding flag, we will either reject from here, or we have a fakeout until our Point of Interest (POI) and we continue going to the downside and retest a major level of support (Around $3,000).
In this update we review the recent price action in the emini SP500 futures contract and identify the next high probability trading opportunity and price objectives to target
The SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction. The stability of support levels at 4000 and 3990...
Can the SPX do a reversal pattern for the history books and leave all the bears with their pants down?
Hello Traders! Here is our update on sp500 nas100 and us30 we have reached tp1 and have collected profit from jan 27 is when we entered these trades. More setups to come cheers! With news today the market has played out perfect, remember being able to see the bigger picture is more important than small time frame trading
The FOMC Decision Day! No surprises in the rate decision just crossing the wires. Of course, the devil would be in the details, to be garnered from the press conference starting at 2:30pm. Nevertheless, our models are already indicating potential trading levels as below. Positional Trading Models: Our positional models are flat for now. Models indicate going...
The FOMC Decision Week - Day 2 With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed's decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the markets. But, until that happens, the...
Hello everyone, hope you all are doing good. Bullish Probability:(at least one or two weekly candle closes above 4100 than there is a possibility of this playing out). There is an active Bullish Divergence playing out in RSI, so there are chances S&P500 may put new high above 5k. If S&P500 put new High, then it can be a Triple Bearish Divergences, so after that...
SP500 Hello traders, welcome back to another market breakdown. Here is an outlook on the stock market state for the year 2023 and the kind of scenarios we might have in the future. Trade safe, Tarder Leo.
The FOMC Decision Week - Day 1 With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed's decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the markets. But, until that happens, the...
S&P 500 vs its stocks above the 200 day MA: Bottom chart shows the S&P since 2008. The chart on top, tracks the percentage of stocks above their 200 day Moving average for stocks that make up the S&P 500 . In April of 2021, 96% of the S&P stocks traded above their 200 day MA. Currently just 21% remain above their 200 day MA. Below the 30% thresh-hold it would...
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Looking for a short on the sp500 from the 4125 area of interest. This will be good for me if aligned to Wednesday's news events, from here looking to hold to a modest level of 3700ish. From here can hedge etc.
SP500 analysis : Outperformers : 1. Telecom 2. Consumer Durables 3. Real Estate 4. Technology 5. Finance 6. Materials 7. Energy Underperformers : 1. Industrials 2. Utilities 3. Healthcare 4. Staples
S&P 500 showing an early breakout signal. As per the Finasko.com, the current PE Ratio of S&P 500 Index is 19.88 which is below its historical Average of 22. It shows that Market is fairly valued and if price sustains above the trendline, we can expect a rally
Perfect Cup and Handle has formed with XLE. We just need to wait for the crucial breakout and close above the brim level. With moving averages, all is looking great with 7>21>200 - Green - Bullish RSI - Buy divergence >50 - Bullish Target 1 $120.00 GENERAL INFO: The SPDR Select Sector Fund is a series of exchange-traded funds (ETFs) that are managed by State...
On the 3rd of January I posted this exact same chart with the general idea being that price has been incredibly cyclical for some time. It was starting to look like a higher probability of a changing trend and I explained clearly what my drivers were to make that assumption. We are now outside of the trend channel and my scenario of a 4410 target being reached is...
The first quarter of 2023 looks less bearish at this moment. Allow me to walk you through what I see and how I come to my conclusion. 1. There is a clear downward trend channel that started on the 4th of January 2022. That is a one-year long bearish trend. When I see such trend channels, I look for signs to see whether the trend is strengthening or weakening. 2....