Volatility has increased recently and could continue for a while. Any test of yesterday's Low could provide direction for the day. Level to watch: 5073 ----5071 Report to watch: 10:30 EIA Petroleum Inventories
Trading Plan for Wednesday, February 28, 2024 Market Sentiment: Neutral Supports to Watch: Immediate Supports: 5080, 5074 (major), 5066 (major), 5058, 5044-46 (major), 5028, 5018-22 (major), 5008, 5003 (major), 4998 (major), 4988, 4983, 4975 (major), 4965, 4954-58 (major), 4947, 4933 (major), 4917-20 (major), 4913, 4907 (major). Resistances to Monitor:...
Optimism surrounding earnings last week helped to push the market higher. As a result, the SPX established a new all-time high above $5,100, and the VIX faltered below $14. Subsequently, it did not take long for Wallstreet analysts to upgrade their price targets for various companies, including the one with the most hype around it, NVIDIA. Some of these forecasts...
BUY ABOVE - 5081 SL - 5075 TARGETS - 5088,5100,5110 SELL BELOW - 5070 SL - 5081 TARGETS - 5057,5047,5039 NO TRADE ZONE - 5070 to 5081 Previous Day High - 5081 Previous Day Low - 5057 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...
Market Sentiment: Neutral Stock Market Outlook for February 2024 The stock market's outlook leans toward neutral for February 2024. While the powerful year-end rally of 2023 created optimism, concerns linger that positive news has been priced in. This suggests potential vulnerability to negative news or persistent inflation throughout 2024. Federal Reserve's...
On this analysis we view the S&P500 (SPX) from the longer term perspective of the 1M time-frame in order to answer the question of why it hasn't pulled-back since the October 2023 Low. The answer can be given by observing the index from a cyclical point of view. First, with the exception of the March 2020 COVID flash crash and more recently October 2022, the 1M...
🔸Hello traders, let's review the 4hour chart for GBPUSD today. Nice pump off the lows recently, however upside capped/limited by heavy overhead resistance near 2700/2720. 🔸Downtrend defined by a sequence of lower highs, 2760, 2740, 2720 in progress, right now I recommend to focus on shorting any rips/rallies towards heavy resistance. 🔸Recommended strategy for...
🔸Hello guys, today let's review daily price chart for eurusd. Ongoing accumulation in progress since 2023, strong chart overall. Trading in well-defined range since Jan 2023, therefore it's best to focus on trading near range highs/lows. 🔸Range lows defined at 0640 , range highs set at 0960, premium prices overhead at 1020 and 1080 and premium prices below at...
BUY ABOVE - 5088 SL - 5081 TARGETS - 5100,5110,5120 SELL BELOW - 5070 SL - 5081 TARGETS - 5057,5047,5039 NO TRADE ZONE - 5070 to 5088 Previous Day High - 5100 Previous Day Low - 5070 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...
Market Sentiment: Neutral to Bullish 📈 Trading Plan for Monday Supports to Watch: Immediate Supports: 5098, 5093 (major), 5079, 5073, 5066 (major), 5058, 5046-48 (major), 5040, 5028-32 (major), 5018 (major), 5013, 5003-05 (major), 4998, 4988 (major), 4984, 4976 (major), 4971, 4965 (major), 4956 (major), 4947-50 (major), 4942, 4934 (major). Resistances to...
Warren Buffett's Berkshire Hathaway just snapped up more Occidental Petroleum shares, pushing the legendary investor's stake in the oil company to just over 25%. Buffett's conglomerate purchased another 2.1 million shares of Occidental in the past week when the stock traded at $57.89, an amount worth $123 million in total, according to a recent Securities and...
SPX FEB WEEK 5 OUTLOOK - Daily - no doubt we have been super bullish here on SPX for last few week going back to December. but it's around the seasonality cycle and on daily TF that it looks in need of a pullback. Origin - 2 scenarios become apparent when we drop down to origin. 1. a small pull to the zone** 5065.01 - 5027.94** and hold above it. if that happens...
Hello, Looks like Federal fund rates are going to be in uptrend (Double Bottom + Bullish Divergence in RSI), in the past from 1958 to somewhere around till 1980 SPX was in sideways move or economic decline. Can we see something similar kind of movement in SPX? IMO yes. So, will Bitcoin follow SPX? IMO Bitcoin also moves in sideways, or Bitcoin is risk on...
BUY ABOVE - 5100 SL - 5088 TARGETS - 5110,5120,5135 SELL BELOW - 5081 SL - 5088 TARGETS - 5070,5057,5047 NO TRADE ZONE - 5081 to 5100 Previous Day High - 5110 Previous Day Low - 5081 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...
Strong Revenue Growth: Salesforce’s total revenue for Q2 2024 was $8.603 billion, up from $8.247 billion in Q1 20241. This consistent growth in revenue is a positive sign. Impressive Earnings Per Share (EPS): The basic earnings per share (EPS) for Q2 2024 was $1.4118, up from $0.7562 in Q1 20241. This significant increase in EPS indicates a strong financial...
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Good evening and i hope you are well. This week was another very strong one for the bulls. Having these kind of climaxes at the top after such a long ongoing trend is often the exhaustive end of it. But all that is just mumbling until bears show up. Bulls continue to pump this higher and that’s just what’s happening right now. All targets have been met and market...
The chart provided visually represents the forward guidance issued by the Federal Open Market Committee (FOMC) alongside the performance of various key economic indicators and market indices. The FOMC forward guidance serves as a crucial tool for signaling the Federal Reserve's monetary policy stance and future intentions, thereby influencing market expectations...