Are we seeing a divergence in the market?
Interest rates & yields have cooled off significantly in recent trading sessions thus providing the perfect tailwinds for tch to continue higher.
Todays price action saw Tech make a new nominal high as yields were falling but ended up reversing lower. The fact that tech appears to be selling off under falling yields...
The S&P 500 reacted strongly from the extreme boundary of the wave (4) area. The main question is now if this reaction is impulsive or corrective. With the current data, it still looks corrective.
General Major Market Indices
These six market indices give a very good snapshot of where we are in this difficult to discern market and why uncertainty still lingers as we continue to climb a wall of worry.
The Chart
▫️ Every index 1 - 6 below has been rejected or is struggling to make new highs on the weekly timeframe.
▫️ At the same time each chart...
The S&P 500 Index rose more than 11% in the past four weeks. While these gains are impressive, their compression into a short time window makes us somewhat uneasy. That is especially true when looking at other market developments, like stagnation in the Chinese stock market and the Volatility S&P 500 Index reaching extremely low levels last Friday (unseen since...
The market 'bloodbath is likely to continue' with investors set to lose tens of trillions over next decade, "Dr. Doom" Nouriel Roubini says.
orld economies are facing a "megathreatened age," with stagflation set to become a core driver of major market headwinds, "Dr. Doom" Nouriel Roubini said in a Project Syndicate article published recently on Friday, November...
📊 Market Sentiment
Neutral to Short-Term Bearish: Current indicators suggest a cautious approach, with a lean towards a short-term bearish outlook amid mixed global signals.
🔄 Recap
In today’s issue, we delve into the performance of S&P 500 Futures, analyzing the recent consolidation phase after a notable rally. We examine the tight trading range that has...
US500 - 24h expiry
The rally was sold and the dip bought resulting in mild net gains yesterday.
An overnight positive theme in Equities has led to a higher open this morning.
Previous resistance located at 4610.
Dips continue to attract buyers.
Previous resistance at 4560 now becomes support.
We look to Buy at 4560 (stop at 4540)
Our profit targets will be...
The S&P500 has been rising non-stop since the October 27th Low when the Bearish Megaphone bottomed and the long term Channel Up started the new Higher High leg.
The rally crossed over the top of the Bearish Megaphone and has already reached the 0.618 Fibonacci retracement level of the Channel Up.
The same sequence can bee seen at the end of last year (September -...
I've been waiting for this moment for the past two years. Over the next week or so, I expect a high to be put in on the stock market at ~$441-$446, and then the market will be in down only mode for the next 6 months to a year.
I don't take joy in seeing the market fall, but from a trading perspective these opportunities only happen once every 10-15 years and...
Yield Rates represent a percentage. How much would an investor get if they invested in a US Treasury Bond.
A stable economy needs three things, at least according to the FED.
- Low Inflation
- Low Unemployment
- Strong Economy
Yield Rates are the ultimate weapon of the FED. By manipulating rates they stabilize the economy accordingly. They stimulate when they...
Hi Traders !
The SPX500 Price Broke The Resistance Level (4507.46 - 4540.00).
This Resistance Level Becomes a New Support Level.
So, I Expect a Bullish Move📈.
Let's Wait For Retest...
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TARGET: 4574.00🎯
SP500 will break All Time High ( 4820.40) ?! by 2024? ..((FED'S BARKIN: TALKING ABOUT RATE CUTS IS PREMATURE.)). Let see what "geometry and of price" told us in next 2,3 months ahead.
Markets have been trading sideways for a week. Need to be patient with trading this market.
Level to watch 4583 ---- 4581
Report to watch:
US:EIA Petroleum Status Report
10:30 AM ET
US: Beige Book
2:00 PM ET
Earnings coming on January
Christmas rally
buy the Hype
CyberMOnday
BlackFriday
Sell before Earnings !!
CAFE CITY STUDIO 2024
BUY 30
SELL 32 - 33- 34 MAX
SL 24
High Risk !! NYSE:BAC
📊 Recap
Today's newsletter provides a comprehensive look at the current market situation, emphasizing the S&P 500 Futures and the essential strategies for upcoming trading sessions.
📈 The Markets Overnight
Asia: Mixed
Europe: Down a bit
US Index Futures: Down slightly
Crude Oil: Up a bit
Dollar: Down slightly
Yields: Up slightly
Crypto: Up slightly
...
Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
TVC:VIX is almost @ the MAJOR SUPPORT level we have spoken about many times.
IF this 12 area is broken it has a history of going as low as 10.
Sub 10 = R A R E!
Pulling back to this area after a high VIX, then normalizing to a low #VIX, it has signified a GOOD CBOE:SPX RUN.
After some time, shortest span was 2 years, the VIX eventually trades higher &...
