In the infamous words of Mark Twain, we are analyzing today the S&P500 index (SPX) on the long-term 1W time-frame. This is a cyclical perspective obviously, attempting to find similarities between past and present price action, in anticipation of projecting the trend in the near future. As you can see, the index is replicating quite closely the 1W price action...
A strong end to Q4 Window dressing by fund managers who were underweight equities would trigger a cup handle pattern breaking the trendline of the pattern is around 4600 on the #ES I could also make an argument for HVF pattern we have a high 3 in place A recession will no doubt rear it's head at some point ... but a blow off top first to hand bears a...
Trading Plan for Thursday, March 21st, 2024 Market Sentiment: Cautious, price discovery after breakout Weekly Volatility Risk: High (potentially elevated due to price discovery post-breakout) Supports to Watch: Immediate Supports: 5275-80 (major), 5266-68, 5260, 5251 (major), 5246, 5236, 5231, 5221-26 (major), 5217, 5212 (major), 5200-02 (major), 5196,...
#SPX The price has been moving in a descending triangle since July 2023 We are now on the verge of breaking the downtrend The moving average 100 was broken to the upside Current price 0.3852 First target: 0.4300 Second target 0.5075 Third goal 0.5979
Hello Traders, welcome to today's analysis of S&P 500. -------- Explanation of my video analysis: The S&P 500 has been trading inside of a rising channel formation for a very long time. We had the last retest of the lower support level about 6 months ago which was then followed by an expected rally of +25% towards the upside. If the S&P 500 now retests the...
The SPX is trading within a Broadening Top near the Demand Line of the pattern, aligning with the 0.618 Retrace after developing a Bullish 5-0 Harmonic Wave Structure. If it plays out we should get a Higher High within the range, which could take us to the Fibonacci Extensions above the current highs.
AMEX:XBI Formed a flat base from early January to late February before breaking out. You can see on this chart it is either a failed break-out (with more downside to go) or it is retesting that breakout area and will soon resume its upward trend. All TBD. In addition to coming down to the breakout area it looks like it “may” be getting support at the 50 DMA...
SPX is ready to drop 4+% by April to close the gap 4910
Crypto analysis is almost entirely based on models. Models that work, until they don't. 1st Law of Trading: Models and "laws" like the power law, stop working when everybody agrees on them. 2nd Law of Trading: The 1st Law is a paradox. 3rd Law of Trading: There are no laws. 4th Law of Trading: This statement is false. Aaaaand I broke AI. (Portal 2 would...
Trading Plan for Wednesday, March 20th, 2024 Market Sentiment: Extremely cautious ahead of FOMC decision Weekly Volatility Risk: Extremely High (FOMC) Supports to Watch: Immediate Supports: 5236, 5230, 5220-17 (major), 5212, 5209 (major), 5202, 5196, 5192 (major), 5184, 5169-71 (major), 5162, 5155-57 (major), 5147, 5137 (major), 5126 (major), 5117, 5100-03...
This month market has been trading in a range. Any test of yesterday's High could provide direction for the day. Level to watch: 5245 --- 5243 Report to watch: EIA Petroleum Status Report 10:30 AM EST FOMC Announcement 2:00 PM EST Fed Chair Press Conference 2:30 PM EST
Yesterday’s financial print in the United States revealed an uptick in inflation. For the second month of 2024, the inflation rate rose by 0.4% MoM (accelerating 0.1% from January 2024) and 3.2% YoY (accelerating 0.1% from January 2024). Meanwhile, the core inflation rose by 0.4% MoM (staying unchanged) and 3.8% YoY (showing a decrease of 0.1% versus the previous...
That looks bearish AF. harmonically, it time also.
NYSE:PLTR Here is a strong one for your watch list. This is perfectly normal action (so far) for a stock to pull back to its breakout area. It is pulling back on declining volume. All this is textbook action. I will be looking for the resumption of uptrend before I get involved. That could take a day, a week, or more. Patience will be key. I will update this...
Trading Plan for Tuesday, March 19th, 2024 Market Sentiment: Cautious ahead of FOMC decision Weekly Volatility Risk: High (amplified by FOMC) Supports to Watch: Immediate Supports: 5209, 5203 (major), 5191, 5182-77 (major support/triangle), 5171, 5165, 5157-55 (major), 5147, 5136, 5124-26 (major), 5115 (major), 5109, 5103, 5095 (major), 5087, 5083 (major),...
After the 2023 price target was reached: Now Powell's likely to take a hawkish stance tomorrow, given the CPI, PPI, and GDP data. Interest rate cuts probably won't happen before June, in my opinion, potentially causing both indices and the crypto market to decline. I would consider purchasing the 489usd strike price Puts with an expiration date of ...
Traders have made the ultimate mistake, they were caught sleeping on the steering wheel. And after missing the trend, they attempt to enter it again, only to realize that they have trapped themselves. A question arises: Were they sleeping or are they performing a suicide attack? SPX is like a sharp kamikaze plane. Perhaps of Japanese origin, closing in to Perl...