Are we in a trap region? The month is ending, but the problems are just beginning! Based on the latest analysis, we may indeed be in a trap region. And its long-term objective was achieved in full (1,618 FIB). And gold has not yet lost its 2K level. What a thing, right? If everything is fine, why isn't our "rich" fiat's store of value giving way? I just...
The SG10Y had been previously established to be a reliable indicator of the US S&P500 index, and US markets in general. It has had a 100% read accuracy in forewarning of imminent volatility, particularly when the SG10Y breaks out of trendlines. So the end of the week saw Nvidia spark a rally in the S&P500, and closing at record highs for the week. Usually, I...
Since Microsoft bought ChatGPT back in March 2023, the price of NASDAQ:MSFT stock has gone on to replicate the same pattern as the 1987 S&P500 stock market rally. Does it mean anything all by itself? No. It still needs a catalyst for the drop to happen. The 1987 stock market crash had many triggers and catalysts and the drop was a sharp 40% from August 28th,...
Yesterday, bulls regained full control over broad market, not just managing to set daily higher low but doing it spectacularly. With no historical resistance above it is impossible to say when this rally will end. Any short trade should be discouraged until there are some clear signs of reversal. Bulls, who missed the move, can look for 15m/1h consolidations for...
The S&P500 index (SPX) is having another bullish week with the current green 1W candle being the strongest since the first week of the year. Nonetheless with the 1W RSI overbought at 75.00 and the price very close to the Higher Highs trend-line that started on the late November 2022 High, a short-term pull-back seems probable at the moment. The long-term price...
📈 Market Sentiment: Neutral to Bullish SPX Outlook for February, 23 2024: Bullish Momentum: The S&P 500 exhibited a bullish trend into January 2024, reaching new highs driven by strong economic indicators and expectations of Federal Reserve rate adjustments. Nevertheless, there are concerns about potential market corrections if earnings growth fails to meet the...
SPX500 is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 5,048.51 which is a multi-swing-high resistance. Stop loss is at 5,080.00 which is a level that sits above a confluence of Fibonacci levels i.e. the 127.2% extension and the 100% projection. Take profit is at 4,997.72 which is an...
Legendary investor Warren Buffett was on a trip to Tokyo, the capital of Japan, two months earlier in mid-April 2023, and the titans of the country's giant energy and commodity conglomerates were there to make their presentations. As usual, over glasses of Coca-Cola NYSE:KO - one of Buffett's most famous investments, they walked into Warren Buffett's suite at...
📊 Market Sentiment: Neutral Nvidia's Earnings Impact: Exceptional Performance: Nvidia's Q4 and fiscal 2024 earnings showcase transformative growth in AI and data center sectors. The company's revenue and EPS have significantly exceeded expectations, sending shares soaring and valuing Nvidia at $1.7 trillion. Market Response: The 10% rise in Nvidia shares...
Nvidia stocks moved higher in early Monday trading after analysts at Goldman Sachs NYSE:GS added the chipmaker, along with three other stocks, to its flagship list of stock recommendations. Goldman Sachs analysts added Nvidia to the bank's "Americas Conviction List", a step up from the 'buy' rating it assigned to the stock in late August, while holding its...
SPX and markets overall are slaughtering bulls for the last couple of weeks. Now bloody Monday is the trending search on google search. If the last low breaks, I am not super convinced that market will go in a free fall. Even though anything is possible, there is a lot of support between 4150 and 4000. So, if we don't see some circuit breaking 5% down moves next...
The S&P500 is on the second straight bearish 1W candle and if the week closes this way, it will be the first series of red 1W candles since the October 23rd 2023 bottom. The 1D timeframe has already turned neutral (RSI = 51.449, MACD = 32.820, ADX = 32.340) after a prolonged period inside the overbought territory, so we can claim that a medium term correction has...
I drew these pitchfork lines before Oct. 15, 2023 when I posted my last SPY idea, titled "SPY: strong bullish pitchfork analysis" (see related idea below). At that time SPY was 427.48. Now it's 470.80. SPY reached the top pitchfork line that I drew back in Oct. 15 last year and is at this time expected to fall further.
📉 Market Sentiment: Bearish Stock Market Outlook for February 2024: Bullish Momentum: The S&P 500's bullish trend into January 2024, reaching new highs, fueled by strong economic indicators and anticipations of Fed rate adjustments. However, concerns loom over potential market corrections should earnings growth not meet the high expectations set for 2024 and...
Similar to my analysis on PEPPERSTONE:NAS100 , I also anticipate a decline in the case of $CBOE:SPX. The index attempted twice to remain above 5000 but failed, and it appears to be forming a double top in that area. From a technical standpoint, the trend remains strongly bullish. However, a drop below 4930-4950 would interrupt this aggressive uptrend and...
📉Hi Traders, Investors and Speculators of Charts📈 HAVE YOU EVER CONSIDERED DIVERSIFYING YOUR PORTFOLIO? Given the high risk nature of trading, having a finger in every pie is a good idea. Stocks generally are less volatile than crypto, and index funds are a great way to gain exposure to a variety of top notch stocks. If you have ever wondered about trading...
Today is a big day, with the NVIDIA earnings being scheduled after the U.S. market close and FOMC minutes coming out about two hours before that. While waiting for these releases, we would like to discuss several developments in the market. First, the SPX’s price is flirting with the bullish trendline connecting important troughs on the 4-hour chart. Second, the...