While wariness remains re: larger timeframe structure for US equities (+ continued weakness in US gov’t bonds, USD strength), we are stalking near/intermediate-term longs via downside futures gaps in both the ES and NQ. The YM and, to a lesser extent RTY, are also approaching possible buy zones, thus bolstering this trade’s attractiveness. While the primary...
we could see another rebound in 2nd half of this year due to easing inflation rate. july is uncertain.
Electric vehicles are growing so fast that Exxon Mobil is preparing for a future when "customers don’t need that gasoline". Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially...
This is a weekly chart and I meant to share this on Friday; but forgot. Blue vertical lines are the paths from previous bear market lows to new all time highs, over-layed to the bottom of October 2022. Red vertical lines are the bear market paths from all time highs to bear market lows, over-layed to the high of January 2022. As you can see we are no longer...
The S&P500 / US500 is approaching the 1day MA200 (intact since March 24th) and its 1day RSI just become oversold for the first time since September 27th 2022 (exactly 1 year ago!). That time was the begining of the Bear Cycle's bottom formation. Additionally, we are at the bottom of the Channel Up pattern that started after the September 2022 bottom, so it is...
Stated a while ago, not sure if we posted here but did elsewhere (see profile), that we had short term Treasury exposure @ 50% but it's 75% atm. (it's a placeholder until trend changes) Should've been shorting the entire time down. TVC:DJI @ support but this area has not been a strong level. However, we are severely oversold so that bounce can be close & it...
S&P 500 INDEX MODEL TRADING PLANS for WED. 09/27 Since our published trading plans last week pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4340 as the level to close above for the current bearish bias to be negated. Until the 4300 handle is regained, there is no indication of...
After yesterday's sell off, ETH session market seems to be bouncing. Can Bulls follow through today. Any test of ETH session High could provide direction for the day. Level to watch: 4333---4335 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
Good Morning! The TVC:VIX is having a hard time in this area since March of 23. The SP:SPX is the most oversold since 9/22 but it can get more than what it currently is. However!!! Peak oversold seldom is the bottom! Only 12/18 was an oversold bottom. 1/22 was a temp bottom. Big bounces are likely best to short unless there's a big change in technical...
Time to leave the short-term charts for S&P500 (SPX) aside and look again at the long-term ones as the price failed last week to recover the 1D MA50 (blue trend-line) and is extending this week the decline towards the 1D MA200 (orange trend-line). ** Higher Lows and 2-year Supply/ Demand Zone ** It hasn't yet hit the Higher Lows trend-line that started on the...
Last week, the FED meeting resulted in no rate hike. However, Jerome Powell reiterated the central bank’s commitment to fight inflation, with dot plots showing the possibility of one more rate hike this year and interest rates staying elevated for at least another two years. That is no surprise to us as we have been warning for months about interest rates going...
As I explained last week, there is a high chance for SP500 to drop to important 4250-4275 zone support. On Friday the index dropped under the short-term trend line and, after consolidation on Monday and Tuesday, yesterday we had a strong drop. The overall picture is pretty bearish at this point and another 150 points drop becomes very probable. In conclusion, as...
If there was ever a time the bulls were going to defend it would be now. Massive level of confluence occurring on todays close.
SPY reached the top of a couple of pitchfork lines and has been lingering at the bottom of another ready to break out on the downside. RSI is also in a downtrend channel.
SPY fell as I predicted in the related idea. It followed exactly the RSI channel that I drew when I posted my earlier idea (yes, I didnt' draw it now but before SPY fell, on Sept. 11, 2023, when SPY was 448.38). SPY now looks ready for reversal (given the price reaching lower pitchfork lines and RSI reaching the bottom of the channel). Additionally, I have my...
Seeing a lot of "Depression" "2009" "Nvidia is done" extreme fear in the markets. Shorting is fun don't get me wrong but when majority short a trend showing enormous strength with facts relating to 2009 after we've just been through the bank failures + bail outs, its time for the market to reverse, and reverse hard.
S&P500 / US100 is having a strong correction these past two months (August-September). However on the wider scales such as the 1week time frame this is only a minor technical correction. It is near forming a 1week MA50-100 Bullish Cross. Last time it formed this pattern was in September 2016 and the index never broke under either MA level. It went on to peak...
SPx500 if it falls above 4316 in this direction will rise to 4334 then 4353 then 4394 but if it is below 4316 the direction will go down 4304 then 4286 then 4254 Pivot Price: 4316 Resistance prices: 4334 & 4353 & 4394 Support prices: 4304 & 4286 & 4254 timeframe:4H