The U.S. Yield Curve (US10Y-US02Y) flattening is a textbook sign of recession. However the S&P500 (blue trend-line) keeps recovering and rising from the 2022 Inflation Crisis. At the same time, the Inflation Rate (black trend-line) may have taken a pause but is on a strong decline, while the Interest Rate (orange trend-line) is turning sideways.
The question on...
Previously mentioned that the supports are being broken. It gave way after an expected bounce. The dip that followed came with confirmation technical signals as well as a lower low… suggesting that there is downward momentum still. Saving grace lies with a pullback rally to end the previous week just above the support line. However, this appears to be futile, with...
Hey guys !
I know I haven't been actif lately, I apologise for that, my other projects are taking up all of my time and focus sadly and it's not about to change for now at least.
Also, as you've noticed, there's haven't been many good opportunities to buy the last few months... So, it's been best to simply stay out.
Anyway, here's a quick update on the...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 10/06
As we published in our trading plans yesterday, Thu. 10/05: "With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and Jobs. So far, there is no sign of any letting up in the strength of the Job market". This morning's much stronger than...
Hey Traders, in the coming week we are monitoring US500 for a buying opportunity around 4180 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 4180 support and resistance area.
Trade safe, Joe.
SPx500
if it falls above 4265 in this direction will rise to 4288 then 4312 then 4334
but if it is below 4265 the direction will go down 4219 , 4197 then 4177
Pivot Price: 4265
Resistance prices: 4288 & 4312 & 4334
Support prices: 4219 & 4197 & 4177
The expected trading range for today is between 4219 and 4288
timeframe:4
Last Thursday, we highlighted a rally in the Chinese stock market, with the Hang Seng Index rising as much as 3%. In addition to that, we speculated about the potential relief in SPX, with emphasis on resistance near $4,335 (which failed to be taken out). Today, we want to draw attention to Chinese stocks again. The Hang Send Index fell approximately 3% overnight,...
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. It looks like we are working on wave (v) of wave ((c)). We are also at the reversal areas.
I was bullish SPX yesterday, looking for a bullish continuation of Wednesday's up. However, market has other views. Market was practically ranging between DBZ above and PZ below, before making a fake breakdown then closing up. However, price is still unable to close within/above the DBZ.
In terms of price action, I would say that daily candle is neutral/bearish...
S&P500 is trading inside a Falling Megaphone pattern, having completed 20 days under the MA50 (4h).
That is the buy break out signal, as it was on the previous bullish leg of the Megaphone.
The price hit the MA200 (1d) and bounced. Bullish signal so far.
Trading Plan:
1. Buy when the price closes over the MA50 (4h).
Targets:
1. 4400 (between the 0.786 Fibonacci...
Stochastic's unlike nearly all indicator's
have the ability to flip from overbought/oversold to locked in to a continuation of TREND
#SP500 is still locked in a bear trend
after 3 days with both K&D lines above 80
or below 20
S and P 500 is locked into a bear trend still
which means all rallies should be faded until that locked in status is lost
Greetings, I find my previous communication regarding the US dollar was perhaps insufficient in elaborating my viewpoint. Therefore, I have resolved to delve deeper in this correspondence, presenting a thorough analysis to substantiate my conviction that the US dollar is poised for a considerable mark-up phase, from a technical standpoint.
I must clarify that I...
Gold declined marginally by 3% in September hitting its major support of 52 weeks SMA, in the face of higher long term Treasury yields TVC:TNX and a stronger Dollar index TVC:DXY .
Sentiment remained weak for most of the month as ETFs continued to lose AUM while COMEX managed money net long futures positions fell to a five month low previously in August...
Good Morning!
Trying to get an idea of where #stocks may go. IMO bias is up BUT we cannot be deterred by biases, can we?
TVC:DXY
4Hr is showing weakness.
Circles = moving avg bear crossovers.
We see the quick drops BUT they RECUPERATE hours later.
The 2nd chart shows DAILY vs 4Hr.
Makes it easy to see how decent the drops are.
TVC:DJI TVC:NDQ SP:SPX
S&P 500 INDEX MODEL TRADING PLANS for THU. 10/05
With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and Jobs. So far, there is no sign of any letting up in the strength of the Job market. Since our published trading plans two weeks ago pointing out that week's 4505 level as potential top...
If you follow me, you'll see we are on pint with these calls and setups. I gave you that top yellow trendline acting as R (resistance) Last month and told you to keep watching it. Even pointed it out to several other much BIGGER accounts that thought it wasn't in play.
Well its worked for US.
At the start of the week i gave you this possible channel and top...
After a rally yesterday, equity markets are trading lower again this morning.
Any test of ETH session Low could provide direction for the day.
Level to watch : 4275 --- 4277
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
