SPX500USD 2021 June 14 (Intraday)
Weekly, Daily, H4 = Bullish
Price has approached a previous high, will history repeat?
Not much market participation at higher prices, however will wait for sign of weakness to appear
before taking short position.
1) Short if price is rejected since it as at a...
Investors will keep a close eye on Thursday’s U.S. consumer price data amid concerns that rising inflation could prompt the Federal Reserve to begin pulling back on stimulus. The consumer price report for May will probably show the inflation rate rising to 4.6 percent, the highest since September 2008 and well above the Federal Reserve’s target of about 2...
EUR/AUD aswell as GBP/NZD are still valid as I see a potential for SPX500-Longs 👉
The retracement back to support-zone has attracted buyers to accumulate volume, which can result in more momentum and more strenght for NZD aswell as AUD against other majors.
Currently much of choppiness in the market...
I think we are in a macroeconomic state that suggest extreme caution with ones investments, so I would personally rather stack up on something like VIX futures than anything else these days - se the linked post on my macro take).
Note that the big stock indexes (Sp500, Nasdaq, Dow, Nikkei, DAX etc.) also have horrible technicals right now.
Here I'm showing Nikkei's Weekly rising expanding wedge with a throw over top. As such, the decline this year could be a partial decline followed by a quick rise. Throw over could be due to the unprecedented balance sheet expansion of combined BOJ, Fed and ECB. European DAX also shows a throw over top in its megaphone (broadening wedge) pattern. In another words,...
spx500 is creating a acsending triangle. wait for a breakout
rejecting the monthly high we see price is bouncing back up.
if price breaks below the triangle SELL!`
SPX we are still in a big 4hr inverse heads and shoulder which is very bullish !!
SPX has NOT yet made a lower low (yellow trendline)
potential buy setups:
spx500 did a clean double top which led to a minor pull back in price.
rejecting the monthly high we se price is bouncing back up.
we are still in a big 4hr inverse heads and shoulder which is very bullish !!
failing to make a lower low below the neckline (yellow trendline) buy
if price breaks the falling channel (grey trend lines) buy!
if price breaks above the...
recent setup:(still active)
SPX is clearly in a uptrend on the higher timeframes.
looking at the 1hr we see a inverse head n shoulder, as well as an descending triangle.
inverse heads and shoulders: (buy)
max tp 4300
bullish flag confirmed
if price breaks above top trend line buy. entry 4215...