SP500 seem to be moving in a range at the moment. Not sure if this break to the upside or downside. For the moment I'm sticking to the range in the box and wait for the breakout up or down to see where the next move will take us. Multiple areas of support below, but a fairly decent move down to get to those. Will we? I do not know. If the FED comes out with a 100...
Anyone who has followed me for a while has already seen some iteration of this chart, but I bring it up again today because it has proven to be one of the most reliable charts to date. It is essential to understand when we are looking at charts, sometimes it is not about the actual chart itself but rather what the data means and the implications. We are in...
Maybe this is the first step. I give the probability of the growth of the dollar index and the supply pressure in the stock markets.
Jobs Numbers and FOMC Minuets ended up being relatively stale over all, making SPX to be a consolidation day until we saw a late breakout attempt over our 3838 level. We did close over this level. For tomorrow I would look for 3838 to hold early in the morning for a possible push to our 3900 Target. We have a smaller level formed around 3870 now as well. Calls...
Looking at the chart, my buy area is the 2014 and 2017 strongest support: $33 - $36. We are close to a great entry in my opinion. Looking forward to read your option about it.
The Dow Jones Industrial Average dropped 0.5% to 30,623.2, with the S&P 500 down 0.5% to 3,766.4 and the Nasdaq Composite 0.6% lower at 10,961.6. The energy, technology, and communication services sectors were among the worst performers, while real estate and utilities led the gainers.
There is something to be said about speculation. Here we have the QQQ 3X fund, testing a key area. Not only are we testing a key area, but "large-risk" (largER anyway) is currently sitting -68% from the all time high.... Even more weird, when the whole world economy was shut down in 2020, TQQQ contracted -73.28%; oddly enough, at least in this view... we bounced...
SPX is opening up mostly flat. We need to hold 3900 early on this week for a move up to 4000. There are a few easier Gap targets above if we can hold. Below 3900 its possible to see a drop back towards 3800 quickly.
The Morning Jumpstart Weekly Review 20/06/22...key levels to watch on major markets for the coming week!! Cryptocurrencies remain under pressure and I expect that things will get worse before they potentially get better as we see cracks appearing in the underlying fundamentals of the asset class. Solana is taking an unprecedented step of freezing a large account...
In response to the Federal Reserve increasing interest rates yet again, the markets - both in stocks and crypto (and housing soon to come) - have been dropping pretty hard lately. For crypto investors out there: this is the sound of mainstream money from the general public leaving the space - they came for the party, then left after the party was over. The craze...
$RGC rally now looks exhausting, price begins to lose momentum and RSI indicates that stock is overbought and needs re-evaluation.
Technical analysis is Very important one of Trading field. My Own steatergy Prize Action & Ema Conformation
On crucial support juncture around 15700, if holds then we could see a rally uptill 17500 atleast. Still, needed to break the trendline around 17500 to change the bearish trend
At the breaking point of lower part of the downward chanell. Can see a good upsurge to the top of the channel or a breakdown toll 16250 atleast depending upon the volume and g;oba; scenarios
Hey traders, in today's trading session we are monitoring US500 for a selling opportunity around 4070 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Flag.. Rip.. Dip.. Whats happening? What are we doing?' Maybe it was just a pullback.. I think we breakout over $408.50
2 year chart starting with the COVID flash crash Feb 19, 2020 to current day, May 10, 2022. Dates on the chart indicated when support and resistance are established. Areas of consolidation circled in blue.
On the H4, with price expected to reverse off the ichimoku cloud , we have a bearish bias that price will drop from our 1st resistance at 33193 where the horizontal pullback resistance and 38.2% Fibonacci retracement is to our 1st support at 32422 in line with the pullback support. Alternatively, price may break 1st resistance structure and head for 2nd resistance...