Hi there. These are my thoughts on how the markets will play out this week. In my opinion this is another bear market rally that is targeting trailing stops between 3950~4000. We are below the 200ma on the 2D and below the cloud. Taking this into consideration and the fact that FOMC is Wednesday and will most likely raise rates another 75bps I can see the...
In the latest update on SPX, we set the short-term price target of 3 500 USD, and the medium-term price target of 3 400 USD as our fears about the reality sinking back into the market started to grow again. However, we would like to note that if the price manages to hold above the 5th October 2022 high, it will force us to abandon our price targets; under such a...
Bitcoin (BTCUSD) has never faced an economic Recession. There is no real comparative metric as to how this new digital asset can behave during such an economic downturn. Looking back into S&P's recent Recessions (2000 Dotcom Bubble and 2007/08 Housing Crisis) could provide some basis as to how BTC could fare relative to the S&P500 index (SPX) during a...
In tandem with what we predicted last week, the market experiences wild swings up and down. By yesterday's close, the SPX was up approximately 5.3% from its 2022 low. Then today, even prior to the U.S. market open, ES1! continuous futures are already pointing to another appreciation of at least 1%. With that being said, we expect the market to continue showing...
Like the rest of the market, SPX hit a new low for 2022. By doing so, it reached our price target of 3 500 USD, and therefore, we would like to provide our thoughts on this asset. We continue to be bearish in general. However, at the moment, we would like to stay on the sidelines and monitor the market. We believe economic conditions will worsen with another rate...
The U.S. CPI came in higher than expected at 8.2% against a 8.1% forecast but lower than the previous month (8.3%). It remains to be seen how the market will react to that. Technically though, the bearish leg of S&P500 (SPX) since the August 16 Lower High within this 2022 Bearish Megaphone, is close to completing the exact same pattern of the previous two bearish...
The SPX hit a new low for 2022, confirming our predictions. However, we have no reason to change our bearish stance in the face of enduring macroeconomic factors. Therefore, we maintain our price target of 3 500 USD, which we expect to be reached by the end of the fourth quarter. Tomorrow, we will pay close attention to the release of CPI figures, which might...
About two weeks ago, we noted that the market was nearing 2022 lows, which led us to speculate about the short-term bounce. We reasoned that people would start predicting the double bottom formation and potential trend reversal. However, we stated that this bullish move-up would prove to be short-lived over time. Since our post, SPX hit a new low and then bounced...
A massive selloff in the equity market ensued just a day after we warned investors that the latest move up in the stock market was so characteristic of a bear market. As a result, SPX erased approximately 4%. We continue to be bearish on the index as we expect it to drift lower. Accordingly, our price target stays at 3500 USD. Illustration 1.01 The picture...
In my opinion, US equities still have another 20% to drop based on my price action analysis developed from ICTs teachings. I am not sure as to what catalyst which will lead to this drop. But I do believe it is coming! Thank you!
Its easy Identifiable from the SP:SPX charts, that the SHORT sellers want to keep the Index below the Red trendline the moment it touched it. Investors or we better call it the BULLS, want to change this scenario quickly and want to take the S&P500 out of this trading range shown in charts. Tomorrow could be a make or break day, but always remember Investors...
It is 2 weeks ago that we posted the potential correction on the S&P500 (SPX) index after the price got rejection on the 1D MA200: ** 1D time-frame ** Today's analysis looks into the price action both from a 1H (left chart) and a 1D (right chart) time-frame perspective. As you see on 1D, the price hit yesterday the 0.618 Fibonacci retracement level and...
This is my scenario but weekly closes above the green resistance can show the level of 4800 dollars, it is necessary to follow that level well. * The purpose of my graphic drawings is purely educational. * None of what i write here is not an investment advice. Please do your own research before investing in any asset. * Never take my personal opinions as...
S&P is in descending channel and will hit the lower lows is pattern is followed
This setup should yield 3.38R. am long on the retest after the descending triangle breakout. Like and Subscribe.
This is a simple S&P500 (SPX) analysis on the 1M (monthly) time-frame showing the Bollinger Bands and RSi indicators. Last month the price approached the Lower Bollinger Band to the closest level since April 2020. It held and July has so far been a strong green candle. As you see, we've had monthly breaks of the Lower Bollinger but no candle closes below it, more...
In an attempt to give another long-term metric that indicates the end of the bear market. The NASDAQ divided by the S&P 500 (NASDAQ / SPX) seems to fit this bubble due to the over-enthusiasm in technology and crypto, as seen in the year 2000. Taking into account that the bubble theory mentions that markets with growth bubble exponentials return to their initial...
US500, high chance that correction continues until it reaches at the median line, previous swing high and strong resistance. Once price has reached the level, we will have a nice opportunity to open a short pos.