Month after month, the United States has been reporting strong labor market conditions and lots of new jobs being created. However, revisions to past data are often less talked about in the media, which might tell a somewhat different story than headline numbers at the time of their announcement. Friday’s report shows that nonfarm payrolls rose by 275,000 in...
BUY ABOVE - 5128
SL - 5118
TARGETS - 5140,5150,5160
SELL BELOW - 5118
SL - 5128
TARGETS - 5110,5100,5092
NO TRADE ZONE - 5092 to 5110
Previous Day High - 5188
Previous Day Low - 5118
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it...
#SPX
The price is moving in a downward channel, and we are about to break it higher.
On the 4-hour frame, we saw clear upward momentum after some correction occurred.
Current price is 0.3715
The first target is 0.3930
The second goal is 0.4100
The third goal is 0.4290
I do not know how long this has been available on @TradingView , but I just discovered it and wanted to make sure if you didn't know about it, I would bring it too your attention.
On the SP:SPX chart at the bottom when economic data is going to be announced or recently announced, click on the "Flag" icon(s) to see what it is. For example, jobless claims,...
Yesterday, the SPX formed an opening gap and erased some of its recent gains, which was accompanied by nearly a 10% jump in the VIX. What is particularly interesting about this is the formation of the island reversal pattern on the daily chart. The formation of this topping pattern and simultaneous rise in the VIX after a period of strong gains in the U.S. equity...
The Combined US indexes are clearly in bearish divergence, as previously described. However, it appears that there is a thin underlying technical and funding support to push this index(es) into the Fibonacci target over the next couple of weeks till the end of April.
A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside...
Bulls have finished last week with a spectacular rally. It was quite clear that they were taking some rest before a run but even I was surprised by their Friday achievements (see )
The outlook for this week is easily defined: BULLS, BULLS, BULLS. The daily chart looks great (daily uptrend, new high), there is absolutely no warning signals on lower timeframe (last...
Market has been trading in a range for last several days with increased volatility. Could today be any different, probably not.
Any test of yesterday's High could provide direction for the day.
Level to watch: 5132 --- 5134
Reports to watch:
US: Jerome Powell Speaks
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
BUY ABOVE - 5110
SL - 5100
TARGETS - 5118,5128,5140
SELL BELOW - 5092
SL - 5100
TARGETS - 5083,5077,5066
NO TRADE ZONE - 5092 to 5110
Previous Day High - 5128
Previous Day Low - 5092
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it...
S&P500 is bullish on the 1D timeframe (RSI = 61.459, MACD = 50.390, ADX = 31.702) but the RSI has turned sideways for a long time which is the same pattern that led to the July 27th 2023 High. The index has had three major corrections inside the long term Channel Up, ranging from -8.16% to -10.64%. We expect the index to decline by at least -8.00% in the next 1...
Keep It Simple and Trade With the Trend.
As a trader, you have probably heard the old adage that it is best to "trade with the trend." The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. There are multiple ways to spot trends, direction, and...
PX is currently in an ascending wedge with bearish RSI divergence wait for a break of trendline and retest of support before taking a position with stoploss at last swing high and target at next area of support, moving SL to BE when safe to do so and then follow with a trailing stop looking for a bigger move down. Good luck traders.
