Almost 1:1 fractal between the crash in 2008 and today.
The scales have almost tipped. Stay ready.
Just remember, be fearful when people are greedy and be greedy when people are fearful. It seems to me that many believe that the bull run is not over. Interest rates are increasing to counter inflation. Interest rate hikes slow down the economy. We...
ES1! / Emini / SPY500 is getting closer to 50% of the range since 2021 began - and can find buyers below 50% of the range (forced or willing) as shown on the chart.
Don't blindly trade the weekly chart, look for LTF confirmations.
Note : we are not predicting price, it can still drop like a rock. However we anticipate how it could play out.
The daily timeframe looks like a bullish reversal with increasing buying pressure into Friday's Market Close. The plan is to monitor for bullish continuation early this upcoming week after markets return from July 4th Holiday.
Fundamental analysis of the company was published in Seeking Alpha.
I expect Bristol-Myers Squibb shares to correct in the $68-$69 per share range.
Disclosure: This article may not take into account all the risks and catalysts of the assets described in it. Any part of this analytical article is provided for informational purposes only, does not...
SPY might make a bounce to the upside considering the level it is right now, you can see in my chart how it made an inverse head and shoulder and break out up. Previous resistance might be a support right now.
Another thing to consider is, we are at the end of second quarter for the year.
NOTE: Overall picture is still towards the down side.
The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
Looking back at all the bear markets in the US, the average drawdown is around ~33%, or roughly a third of the gains from the most recent cycle/run up.
If we're to assume that the current bear market may be around that average, then we're looking at the 3450-ish level which we are approaching quite fast and furiously.
There's also moving average support here so it...
There is a good H&S pattern formed and the price broke the neckline as of today closing below 367.
the current downtrend could reverse towards a bullish move soon before the next dip down to 320ish.
At present RSI @31 which still has some more room to go down.
Fib support level for 161% of previous up move is at 357.7 at which RSI would be around...
$SPY sitting right at the 200 ema, looking for relief bounce, getting quite over-extended to the downside here. Would expect relief bounce into tomorrow with a long weekend the markets will be closed Monday for Juneteenth...
It's bear market territory whenever we see more than 20% retracement from ALL-TIME HIGH. The first retracement from an all-time high is always 33% (that's almost 320 for SPY)
I have made a technical analysis on how to play the bear market. The two red lines I have outlined can help traders when to short and when to go long. I'm going to swing shares of SPY (long/short).
If you haven`t noticed Jamie Dimon`s prediction:
Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15.
More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May.
Inflation is at 40 year high!
Jamie Dimon, the JPMorgan...
$SPY rejected 4h 200 ema, 1W linear regression channel backtest, and tripple topped. I would excpect $SPY to create a new swing low over the next few trading sessions into 6/17 $3.2 trillion OPEX... Fun times ahead.