If you haven`t bought puts ahead of the FED`s Interest Rate Decision last week:
Which happen to end up 4.18X higher after the Federal Reserve suggested the likelihood of another rate increase in the near future.
Then you need to know that SPY is approaching an oversold area.
And historically, as you can see in the RSI chart, in these areas technical players...
Has been a while since I've posted an update on the SPY as a lot has transpired in financial markets over the past few weeks, and months. The SPY has been trading significantly under its average daily volume, which has primarily been the driving force behind the momentum in my opinion. On the other hand, the SPY is holding a nice symmetrical triangle on the weekly...
As promised, an updated video. We are at support levels on NQ and SPX, so a little lower at open could happen but on SPX I expect a bounce back to 4390 at least. Right now the idea of a thrust up to 4500 does not look good, but with the small time frame RSI so low, a bounce is likely today at some point, probably after the open. If the more important level of 4350...
Hi Traders, Investors and Speculators of Charts📈📉
Is the mother of all shorts loading for the stock market? Seems likely!
A lower-high topout confirms that selling pressure dominates as we observe the perfect Wyckoff Method failed breakout (which happens before the bearish cycle).
This means the stock market as a whole will likely experience liquidations soon,...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 09/22
As our daily trading plans reinforced before the FOMC meeting yesterday: "...any indications of the Fed potentially pivoting to "being done" can spark a frenzied rally in the coming weeks but any unexpectedly hawkish indications could further accelerate the downward push. Nobody has the crystal ball that can tell...
SPx500
stabilizing above 4335 will support rising to touch 4355 then 4373 then 4394
stabilizing under 4335 will support falling to touch 4317 and then 4298
price pivot:4335
Resistance prices: 4355 & 4373 & 4394
Support prices: 4317 & 4298 & 4267
timeframe: 4H
We recently pointed out how the Chinese stock market started to stagnate despite the regulator's intervention. Additionally, we noted that this was likely to happen in the U.S. market as well. Fast forward to today, and that is indeed the case. Since the beginning of the current month, SPX failed to reach a new high. Therefore, we are paying close attention to...
Price is currently in a Zig-Zag correction pattern. We can expect further sells to occur. We have both waves A and C as impulse pattern on the wave C we can soon see wave 3-4-5 complete before the next rally.
Waves A and C are usually equal we have to keep that in mind, so price doesn't reverse without being aware why it reversed.
The latest Consumer Price Index (CPI) report this week has shown inflationary pressures, with a 0.6% month-on-month increase in CPI, in line with expectations. Additionally, the core CPI, which excludes volatile food and energy prices, also saw an uptick, rising by 0.3% month-on-month, above expectations at 0.2%.
On a year-on-year basis, CPI has surged to 3.7%,...
The S&P500 index crossed today under the MA100 (1d) for the first time since March 28th.
Since October 2022, the pattern is a Channel Up and the current decline since the July 27th top still has room to fall before it hits the pattern's bottom.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 4250 (bottom of the Channel Up and potential contact...
S&P 500 INDEX MODEL TRADING PLANS for THU. 09/21
As our daily trading plans reinforced before the FOMC meeting yesterday: "...any indications of the Fed potentially pivoting to "being done" can spark a frenzied rally in the coming weeks but any unexpectedly hawkish indications could further accelerate the downward push. Nobody has the crystal ball that can tell...
So far, we are holding on the trend line /Base that has been here since this move up began.
I will be watching to see if we break this line to head lower and add to puts etc. So far it has acted as the TP zone from puts already bought and as a short term bounce for some quick plays this morning on calls.
However i think we can go lower to the next one or two...
We posted an interesting idea September 11th. These are today's notes.
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The TVC:TNX is pumping higher - "Coincidentally" the SAME time frame that the TVC:NDQ TVC:DJI & SP:SPX are breaking down!
The 2yr has moved a bit & is testing a breakout level.
All shorter time frames from the 2year are STAGNANT!
#stocks #dollar #yield
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