With a parabolically escalating trade war between USA-China and no 100% confirmation on rate cuts until September I strongly believe we can expect another day of extreme down-risk pressure where the S&P will plummet to about 2740.
I believe Tuesday and maybe Wednesday we will be slightly bullish and combine for a 1-2 day relief rally before a strong impulse bear...
S&P 500 fell 76 points closing Friday session at 28471.10, down 2.59%. The Index continued its downtrend following the same path as the previous two sessions and failed to hold above a critical support price point at 2850.30. The Index currently seats at a very critical level and needs to change its direction and hold above the current support at 2850.30 to avoid...
Next week can signal pure blood for the S&P 500 Index (SPCFD:SPX).
We shared a trade idea warning of an upcoming drop after the SPX hit a new all-time high. This is shown in a shorter time frame below:
As you can see, this index will continue moving lower.
Enough time and strength has passed for me to return to full buy the dip mode. I'm long from August 5 and adding now. A dip here is possible, but I expect surprises to be to the upside and limited (and short-lived) downside.
Not many are doing it better. I missed a few, but caught the big ones. I think I'll catch another big move up here.
I posted all of my...
S&P500 currently consolidates around strong level of resistance 2940.
I am focused on 2895 minor structure support level.
If bears break and close below this level,
for me, it will be a signal to short the market.
T1 - 2860
T2 - 2805
*if the market closes above the resistance setup will be invalid.
Gold is such a haven asset and this chart is showing exactly how the current market is doing so, and the risk appetite isn't so nice compared to Gold! Again, Don't blame the FED! This is because of Donald Trump and his trade war, so don't blame China either.
However, the equity market is struggling to keep the prices as high as possible and not pricing in the...
Horror Stories From the G7 and/or Jackson Hole Over the Weekend?
Investors seem to be fretting over the potential for market horrors to unfold over the weekend involving unexpected headlines from the G7 summit or the Jackson Hole. Add to this the Friday options expiration plays and we have got a recipe for chaotic and inexplicable moves today, especially during...
No idea which direction comes after the Fed today but based on the options market it appears that any negative news will be met with strong selling by options dealers and could make a large move down possible. Good news could see a decent rally, but there is resistance forming at 2950 and larger resistance at 3000. In other words it appears that a chance of a move...
Technical Analysis Update
SP 500 index has completed the main trend Stage 1 yesterday (Aug 22) and lies in the upper part of a rising mini-trend. The further short-term and mid-term rise - Stage 2 within is forecasted. To continue the rest of the story see 'Market Commentary' tab 'Market Trading Insight & Commentary August 23, 2019' page, at TradingSig_dot_com.
FED INTEREST RATES( FRED )-Extension(PART 2) to the US (SPX) Sectors Technical Analysis Series - 18th of August 2019 (9-10 Minute Read)
Everyone complains about the FED rates. That's our only job, it seems. Judging by his tweets, no one has been more eager to express their dissatisfaction, than Pres. Trump(bit' of sarcasm).
This is Part 2- of an extremely...
SPX is approaching its resistance at 2955.8 where it is could reverse down to its support at 2802.4.
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Deductive Thoughts: Global interest rates continue their decline towards zero. Soon, most major economies will be under the pressure of deflation. On the one hand, negative interest rates have shown to be not viable to boost inflation , risking a debt crisis of the private sector piling up "free" loans. On the other hand, quantitative easing also shown to be not...