The Nvidia effect has ripped through global equity markets and given fresh wind to markets that were looking ominously poised for a 3-5% drawdown. New highs have been seen in EU Stoxx, GER40, JPN225, and the US large-cap equity bourses; the US30, US500 and NAS100. What levels do the bulls target now? Well either, you’re looking at fibo...
BUY/LONG ZONE (GREEN): $4531.84 - $4726.36 DO NOT TRADE/DNT ZONE (WHITE): $4380.94 - $4531.84 SELL/SHORT ZONE (RED): $4117.36 - $4380.94 Currently there is bullish momentum, as seen coming off the gap up from Monday close-Tuesday open, however; after this momentum upwards we have only seen price go sideways up to today. Price is resting inside a zone towards the...
Hello In my opinion we will see huge drop in next days
Hello Today I analyzed the EURUSD currency pair very carefully - in my opinion, we will see huge drop, this is not investment advice.
The S&P500 is on the second straight bearish 1W candle and if the week closes this way, it will be the first series of red 1W candles since the October 23rd 2023 bottom. The 1D timeframe has already turned neutral (RSI = 51.449, MACD = 32.820, ADX = 32.340) after a prolonged period inside the overbought territory, so we can claim that a medium term correction has...
Daily Markets: Investors Watching Fed Speakers Closely After Inflation Data Following the Consumer Price Index (CPI) report that showed little progress on core inflation, the market will be dissecting comments from a pair of Fed speakers now that market expectations for rate cuts softened considerably after yesterday’s inflation data. WARNING! I AM NOT FOLLOW...
Today is a big day, with the NVIDIA earnings being scheduled after the U.S. market close and FOMC minutes coming out about two hours before that. While waiting for these releases, we would like to discuss several developments in the market. First, the SPX’s price is flirting with the bullish trendline connecting important troughs on the 4-hour chart. Second, the...
On Friday, the S&P 500 in the last part of the session began to fall with some force. And today, we have seen that it has fallen and opened below the support zone at 4.998 The question we have to ask ourselves is: What does this mean? Does it mean it will continue to fall? Has a roof formed? Last Friday, the options contracts expired. This meant the...
The S&P500 has hit (even surpassed on the liner scale) the top of the 16-month Channel Up pattern with the 1D RSI on a Bearish Divergence (price on Higher Highs while the RSI on Lower Highs). If the price closes a 1D candle below the 4H MA100 (red trend-line), which is dangerously close to, it will be the first such bearish signal since August 02 2023 and the...
The S&P 500's remarkable surge to unprecedented heights, with a staggering 39% increase from its October 2022 low, signals a robust bull market that has captivated investors worldwide. Yet, amidst the euphoria, concerns linger about the optimal timing for investment, prompting a closer examination of the current market landscape. Undoubtedly, the current bull...
On the week we learnt that the UK and Japan are in a technical recession, although this meant little to markets and perhaps the bigger issue in Japan was the steady stream of pushback from key Japanese officials on recent JPY strength. US retail sales fell 0.80% in Jan, a sinister turn when both US CPI and PPI were far hotter than expected, putting us on notice...
S&P500 is on healthy bullish technicals both on the 4H (RSI = 63.806, MACD = 7.990, ADX = 31.789) as well as the 1D (RSI = 64.592) timeframes as it keeps rising inside a six week Channel Up. According to the last HH wave we are expecting a top on the 1.236 Fibonacci extension. If that's coupled with the 4H RSI hitting the top of its Rectangle, we will short the...
Following the release of worse-than-expected inflation data in the United States, the volatility jumped by an astounding 26%, and major stock market indices turned lower. Then, yesterday, the situation quickly cooled down, and indices erased much of the post-release losses. In the process, the SPX returned above the critical level of $5,000, and the VIX dropped...
Whether trading equity, equity indices or even FX, Nvidia’s Q424 earnings (due after-market on 21 Feb) should be firmly on the risk radar. Markets could come alive with movement and traders may need to dynamically react. How the Nvidia share price reacts immediately after its earnings results and CEO Jensen Huang’s guidance could have far-reaching implications -...
The major U.S. stock market indices are trading in the negative territory ahead of the release of inflation data and the Consumer Price Index (CPI). A hotter-than-expected print is likely to produce a pop in volatility and convince central bankers in Washington to keep monetary conditions tight during the upcoming meeting in March. Consequently, we pay close...
Please, check our technical outlook for US500. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5026.1. Taking into consideration the structure & trend analysis, I believe that the market will reach 4952.0 level soon. P.S Please, note that an...
On this analysis we look into the S&P500 index (SPX) from a very long-term angle, the 1W time-frame going back more than 13 years, since November 2010. That was when the first Megaphone pattern emerged since the 2009 market bottom of the U.S. Housing (sub-prime) crisis that after testing the 1W MA200 (orange trend-line) it found Support and transitioned into a...
HELLO TRADERS Hope everyone is doing great 🛑 A look at NASDAQ ahead of the day 📌 NASDAQ 4H TF * Looking at US100 from the 4H we see a break above BSL * FULL BODY closure above possibly signaling continuation. * If we see momentum back into the range i would be looking for shorts. * But for now NASDAQ is signalling some strong BULLISH momentum. *...