The increase in rates will begin to realize itself closer to March. FRS does everything right. Taking into account the Fed's policy for 2023, macroeconomic factors and banking policy, 2023 can easily become the year of the red candle or the continuation of the downtrend. Let's now go deeper into the economy and see what is happening in it now. We all know that...
The SPX made a false breakout. A false breakout means that the price attempted to break out of a pattern, or break support/resistance. The attempt is successful for a short amount of time, before the price goes back to where it was. This usually is a reversal signal. For now i'm staying bearish, untill the price goes sideways or manages to break the resistance...
SPX approaching a downsloping resistance. It may fakeout above the trendline to trick traders but don't get it twisted. This bear market rally is almost done and it's a time for a major move. Lower high after lower high is suggesting downtrend continuation. Are you ready for a 17 % dump? If you are not ready, this is a friendly reminder that it may be a right...
As the current price is moving toward the Ichimoku cloud and heading to the 1st support line. As of now, we may hold our position until the price break the 1st support line. Once the price has broken the 1st support line, we are expecting the price to drop further. we may place the sell entry at 3901.28. Take profit 3764.49 and stop loss at 3952.92.
Unlike DAX, SPX is below BZ (and PZ) but now at strong S at 3917. Could see a up move first before further down. 3939 and 3957 are the levels to watch for rejection for further down. Could be good to watch for the pullback to short for the next leg down.
Volatility was high during the Asian and US session yesterday, which saw a reversal of fortunes for the Japanese yen and the US dollar track Wall Street lower by the close on concerns the US is already in a recession. The yen originally weakened and sent USD/JPY over 250 pips higher as the BOJ did absolutely nothing, catching pre-emptive hawkish bets off guard....
In trading, a bull trap is a situation where a trader (beginner) buys an asset believing its price will continue to rise, only to see it fall sharply soon after. If you inspect the SPX chart by yourself, you'll see: 1- lack of increasing volume 2- absence of momentum 3- lack of definite/sufficient trend break 4- retesting of resistance level (Major downward...
I was given some information today that has concluded me to short SPX for the remainder of the year. Turmoil and scandal in the US has caused a turn in SPX bearish. The US is going bankrupt. I cannot say anymore than that. consolidation may occur at 3850 levels then further dip to yellow supply POTENTIAL 700 Point swing! 3:1 RR from MA200 (red) to the...
Now! Short this market, you will get unimaginable profits! YOLO DXY has been falling, causing a general uptick in all secondary markets right now Has the dollar achieved its goal of cutting inflation? No! Traders' hopes for a return to the bull market in the secondary market run counter to the Fed's control plan SPX's breakthrough on the S line has already...
What news media flash will trigger the next crisis Q1 2023?
Old target 3392 (pre-Covid high) is in play by EoY/1st week of Jan '23
$SPX broke out of a bigger bear flag possibly forming another for the continuation. As money has flowed out of $SPX there is a chance it can continue to flow out. Target 1: $3721.05 Target 2: $3582.29 Swing Trade
Hi everyone! From a technical point of view, S&P 500 could trigger a bearish consolidation (scalp) on 30 minute chart, let's look at what will happen in the next few hours and if the conditions are met, we will publish some updates on intrady chart. Thanks for your support, like & comments! Trade with care!
Today, I wanted to share a chart setup that was inspired by @Badcharts that highlights the ratio of S&P 500 (SPX) / Producer Price Index (PPIACO) correlatio n — which, as @Badcharts recently highlighted on a Twitter space led (or very closely correlated) with the downturn in the S&P 500 (SPX SPY ES1!) starting in late 21’. In addition to this, I wanted to...
BSL was taken -- as well as the Built up BSL triple top we had that I was waiting for it to get raided. We also had a breaker which I was looking to find resistance as well as a Volume Imbalance (not sure which timeframe its most visible on but I will share pictures below. We also had a trendline with SSL below each low that was used as liquidity.
US500 - Intraday - We look to Sell at 3895 (stop at 3945) Posted Mixed Daily results for the last 9 days. Intraday, and we are between bespoke support and resistance 3747-3895. Rallies continue to attract sellers. The medium term bias is neutral. Our profit targets will be 3747 and 3700 Resistance: 3895 / 4028 / 4140 Support: 3747 / 3700 / 3515 Risk...
Many investors are already assuming a breakout from the upper trend line and thus a continuation of the uptrend. The economic sentiment is still bearish , many companies now have to bear the high capital and energy costs and many companies are still highly overvalued. Therefore, today we would like to introduce you to a bearish scenario that is likely to occur,...
Testing for perceived location: SubMillennial wave: 1 Grand SuperCycle wave: 5 SuperCycle wave: 2 Cycle wave: B Primary wave: B Intermediate wave: B Location ID: 152BBB This is an update on the progress of Primary wave B. My last analysis ( ) projected Intermediate wave A (inside of Primary wave B) to bottom on December 22 which appears to be the case...