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...
The S&P 500 index may perform noticeably better than the European stock market ( STOXX 50 ) in the event that the European Union experiences a sharp economic downturn. The S&P 500 to EURO STOXX 50 ratio, which gauges the relative strength of the US stock market in comparison to the EU stock market, has been largely flat so far in 2022. In the past, when the...
Welcome to the first episode of PawnTrading. My name is David and this is my outlook and trading idea for the S&P 500. Everything is explained in the video so I'll keep it brief down here! My methods are less is best when trading and I like to keep things simple so that everyone can follow along and learn. Everything is free until it is not! I trade...
SPY In this 2009 weekly chart, we saw the ff: 1) dma 50 x dma200 (deathcross) also wma20x50 2) price created a low, then bounced up to retest dma200 (wma50) but was rejected down 3) price went down back to retest that low. (The present low was the June low around 3636, a major decision point) MAJOR RISK AHEAD: Now we have to see this week if SPY will recover 3636....
Hey traders, Through the fractal-based wave measures via the OFA script , we can clearly see the what the path of least resistance should be for the SPY early this week. Following a failed attempt to rotate back up - referred as failed W pattern - this implies heightened risks of at least a drag of price down towards the 350.00, which aligns with the 100%...
This is a S&P500 chart on a weekly timeframe. Look at it carefully, aren't we about to have a sharp fall and market recession like in 2001 and 2008??
SP Lowterm Bullish. Targets. Supports, Resistances on chart. I will love to read your comments. Please put a like, follow us and give us your comment. Be carefull, patient and discipline. Good trades to All. ❗ DISCLAIMER ❗ This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your...
the SP500 maintained its downside move triggered by the interest rate increase and inflation surge, the SP500 lost another 100 points this week with an intraweek low of 3586 and intraweek high of 3737. For intraweek the SP500 may have found a bottom from where it can pull back for a short interval of time. For coming week we will first look for a strong support...
Looks like we're in the last leg of expanding leading diagonal with minimum target of 3,335 scenario must be watched to catch a sharp rebound after that kind of patterns finish. Good luck!
If you haven`t shorted the SPY Head and Shoulders Pattern: Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of SPY S&P 500 ETF is at 24.05 on a Double Bottom Reversal Chart Pattern. A double...
It's just an idea for the long term. Let's see if it plays out.