2degreez here. I am now eyeing the S&P500 2week 20ema/50ema Bear Crossover It has historic significance as does the prior Weekly 20ema/100ema Bear Crossover that I have published previously. This video shows a quick look back at the prior historic 2week 20ema/50ema bear crossovers and the subsequent moves down. I also take a quick look at the NQ100 and how it is...
Ethereum may go down to $1000 but that is too far fetched. On Bollinger Bands it's a good setup. The price action went above the midterm level while the BB consolidates and looking to move another leg up. Maybe down to $1290 and up to $1360? A note on Bitcoin - If we get down to the $18,100 price level on the daily we can see that Bitcoin will be ready for...
This chart lays out the estimated Minor waves in Intermediate 5 as mentioned in my weekend analysis. These estimates place: The bottom of Minor 1 around 3601.23 today for a total wave 1 loss around 205.68; The top of Minor 2 around 3740.37 on October 12th for a gain around 139.77; The bottom of Minor 3 around 3474.12 on October 18th for a loss around 266.25; The...
SP500 Weekly Forecast 10-14 October 2022 We can see that currently the volatility is around 4.35% for this week, falling from the 4.57% from the last week. Currently there is around 24.3% that the asset is going to close either above or below the channel: TOP 3804 BOT 3472 The current volatility percentile is around 90th, placing us in very risky environment....
technicals in times of financial crisis hold much less weight. Data and the Feds monetary policy will clearly dictate which way the market moves from here.
This chart contains the overall planned levels for the bottom. The details are below. Primary wave 5 levels are annotated on the left of the lines and Intermediate wave 5 levels on the right. The blue lines are based on the most specific wave position data and the yellows are slightly less specific. The other lines are common Fibonacci and algorithmic trading...
Wave C closed recently. New bullrun incoming with very high probability.
The S&P 500 has been in a downward trend since the beginning of 2022 This week we broke the resistance from June. Which is a clear signal of bearish dominance in the equity market We cannot expect any sudden changes in the FED policy in the coming months Market consensus is that the peak of interest rate hikes will fall in March at 4.5%.
Tested channel after 8:30 numbers. A hold today and rally would be very bullish a fail underneath and a retest of the channel from underneath would likely be bearish. No decision until after cash opens and even then expect a lot of trickery. PUT/CALL is bearish so another swing up would not surprise me but I'm going to let price action decide.
All in the video, basically bears are in control as long as we're under the green channel trendline (which failed today), bulls are in control above it. Possible megaphone pattern may come into play. I believe the bottom for this year will be around the 3-4th week of October.
Hey traders, Today, I am going to keep it short and sweet. As I've pointed out in the linked commentary, the SPY is in a firm downtrend... Therefore, all we care about, until the tide reverses in the higher timeframes, is to look for short opportunities... There is a possible entry setup with an attractive initial risk rewards in the making... Note, it won't...
S&P500 always dropped after the ending of inversion between 2-years (red line) and 10-years (horizontal green line) yield curves. Now we are in a huge inversion window and maybe the major US index could go up or lateralize, but it is more probably it will go down after this window
The world economy and the whole US have experienced a gloomy period down to 3 business quarters of 2022. Is there a recovery phase that will take place in the fourth quarter to help the US economy and the world recover. Thus, the S&P500 index will have a chance to recover to the 4500 zone. Let's wait and see!
Hey traders, Given that the 3rd wave down on this current bear cycle exceeded the previous one in magnitude (-13.28% vs -10.03%) while matching in speed (14 bars each), the chances are quite high this retracement will find, eventually, more legs lower, to complete an ultimate 5 wave-count move down. Whenever, in a sequence of waves, you get the current...
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
Looking at the pattern and trendlines, it appears like SP500 might push up to 4100 levels creating a Fake breakout between 4070-4100 levels before pushing down again to 3693 level. If support at 3693 is retested then there is a high probability that the market can push down even below to 3200 levels followed by 2900 levels as highlighted in the chart. Again these...
U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government Bank of England Gov. Andrew Bailey intervened in bond markets but must also tamp down inflation that could reach 11% this year; government backtracks on tax plan.
Although the European stock markets closed with a positive sign on Friday, investors were taking a step back to evaluate the data on inflation in Europe and the US, since they are afraid of a global slowdown in growth and an aggressive tightening of the monetary policy by Central Banks. The new record from 9.1% inflation in August to 10% inflation in September as...