Little of note other than a team sheet of central bank speakers and some US housing data to take note of especially after yesterday’s unexpected big topside beat for new home sales which saw its second largest increase on record.
I have been asked how low the S&P 500 could go in the coming economic downturn. In terms of stock market price action, all major economic downturns are merely Fibonacci retracements on the yearly chart. In fact, we can predict with a reasonably high degree of certainty the bottom for the next recession before it even begins! That's because stock market bottoms...
in the previous post I made a little mistake with getting into positions, see my profile. entry into positions is a price 0.63641 with a target at 0.69020 - strong PMIs with upside surprises - sentiment is bearish especially vs. NZD but sentiment in AUDUSD is extremely bullish . - risk reversals are diverging to the upside
only the 3rd time spy went under the 30rsi mark since the "covid crash". i added small positions in megacap tech stocks. maybe a small push up to 380 area where good news or bad news will determine the direction from there.
the sp is looking like it could bounce here forming a double bottom pattern will see everything else rally aswell if we can get a bounce here
With the intraday bounce at 3870, $ES is setting up a potential inverse head & shoulders pattern. Trigger is clearance of neckline resistance at 3920-30, and the target zone is 3980-4030. Any crossing below 3845 invalidates this pattern.
For almost three decades now, investors have looked at the economic headwinds faced by the Bank of Japan, at its QE and QQE policies, and at the country’s awful demographics and realised that the obvious outcome is a massive sell-off in Japanese government bonds (JGBs) and a dramatically weaker yen. So ‘obvious’ has this trade been that, at some point, just about...
SPY - Daily - Gap Fill to 370-373 Daily swing possible Need to hold the Weekly 200ema currently at 367.57
E-mini S&P 500 - Daily Relief Rally (Possible Bull Trap) Taking a look at short-term swing upside & downside targets ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial...
Hi! Even though the geopolitical situation in my opinion looks like this: Europe: The elections in Italy are approaching, the risk of a Eurosceptic right-wing prime minister An unexpected solution to the war in Ukraine seems very unlikely, but it could escalate very quickly, especially taking into account mobilization and referenda. According to my detailed...
As the FED increases interest rates, debt burdens are getting heavier. The world is experiencing a world wide recession. Forward Advice: Stay out of the markets for now. If you must, only trade/scalp put options or go short when prices rise. Stay bearish my friends.
SP500 has formed a beautiful descending wedge and simultaneously have a channel or trendlines. As we can see the price broke the channel below and we are aiming to touch the bottom line of our wedge. Take note of our take profits. Wish you all the best on this setup. Let's Download Success.
S&P500 seems to be tickled pink – metaphorically as well as literally. The index has taken to our expectations and has a lot of pink to face. First, the index should fall below the support at 3639 points and into the pink zone between 3598 and 3508 points to finish wave III in pink. Then, it should return above this mark once more to complete wave IV in pink in...
Looking on the 2 hour time frame, Apple stock moved above the 50 MA indicating bullish momentum. Furthermore, the MACD indicator is above 0 showing indeed upside momentum. Therefore, based on Fibonacci Retracement, traders may look for a long position with 2 take profits at 0.61 and 0.78 Fibonacci Levels: Entry Price: $156.05 1^Target price: $160.54 2^Target...
What Is a Soft Landing? A soft landing, in economics, is a cyclical slowdown in economic growth that avoids recession. A soft landing is the goal of a central bank when it seeks to raise interest rates just enough to stop an economy from overheating and experiencing high inflation, without causing a severe downturn. Soft landing may also refer to a gradual,...
ES1! Aka SPX emini possible forming a triangle as we already have an expanding flat pattern abc ( cyan) on wave (ii)(Red). So..as Elliott wave alt. Rule. We can’t have another “same” expanding flat which is ABC ( yellow circled) pattern on wave (iv)..So..this “expanding flat” could be wave a ( Cyan) part of a triangle pattern in wave (iv) ( Red)..
SPX remains bearish, like the rest of the market; however, we are starting to see the signals of exhaustion with the sellers and accumulation under the surface. I really want to see the volume to remain at high levels and for the major indexes to get a higher close of 1% - 1.25% higher than the previous day, so we can begin to look for confirmation and...
On Friday September 23rd, the FED held a very important meeting to discuss the current issues that we are facing economically, while most of the comments were bleak, there were a few clues that our supply chain could finally see a light at the end of the tunnel by next year (not without heartache of course). The largest issue we are facing is supply chain &...