We are seeing an aggressive stimulus from the US right now- where the re-opening of the economy looks to be strong. However with many companies with profit margins hit, it will look to be a big shock in reality when the new changes and consumer mindset shifts. We can only analyse the growth from the chart - and the large sell off showing a huge retracement -...
Hi Guys, Here what happened two weeks ago when Powell testified during the Three Days of the Condor. Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin are due to testify before the U.S. House of Representatives Financial Services Committee today at 12:30 p.m. EDT (1630 GMT) to discuss how funds were disbursed to households and businesses. Will NY...
Hi Guys, following the Three Days of the Condor, SPX futures found three key supports: 1) Level 3000; 2) 200SMA; 3) 50SMA. Will it bounce or will it cross? Here a snapshot of the hourly candlestick chart providing some infos: Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my...
The market is bouncing around key support & resistance levels but some of them are soon due to be broken. The squeeze momentum indicator is signaling a first bear run since the drop in February–March. Also, the money flow index indicates that the money is rapidly heading out of the market. When combining technical analysis with the fundamentals of the economy I...
Given that: For the time being, Bitcoin (BTC) is well correlated with traditional markets. What this chart shows me: Bitcornz on the Weekly TF. 3 major drops since ATH. All the bullish rallies and comebacks to date have yet to really break free of the downtrend, however it's above it longer now the previous times. it's like watching an asset dance on a knife...
The 200 days moving average is once again showing strong support for the S&P 500. Once it and the exponential moving averages are passed I expect a faster freefall for the index.
The turn in price movement on June 11 confirmed an end for the S&P 500 retracement. Now that the overall trend has been confirmed to be bearish, I have presented three possible scenarios for major support. These Fibonacci levels (violet color) are support levels of the 2009–2020 bull rally. The levels with a green and yellow background are Fibonacci extension...
on the Indice trading side we are not selling nor buying right now We can see the great imbalance from the demand zone - which is weak but we have a strong supply here so we can definitely see great potential for the supply to sell off. Note: only if price shows a rejection and imbalance then we will execute on the daily timeframe. Using the supply and demand...
Hello all, I do not typically do any analytical content out side of cryptocurrency, but with the state of the markets and everything happening I thought I would take a look. This analysis is just a simple thought process so do not trade based off this. S&P 500 in Elliot Wave Correction. This seems to be a possibility. After the unfortunate spike in the...
The figure shows how long the previous market crashes have taken in time and how the crashes have always had significant upwards retracements in it. The overall trend of 2020 is now confirmed to bearish and there is a lot to come in the near future. Stay tuned!
S&P 500 seems to be repeating a similar pattern with the big drop in February and March. Take a look at my previous posts to see my cases for a second big drop.
After retesting 1709.73 and possibly going farther to 1718.11, which is a well respected pivot point of resistance, it might go down following its trend. we are seeing a lower high lower low pattern as well in the 1 hour timeframe. after reaching the said pivot points of resistance, we could very well expect the price to go back to 1699.89 which is a possible...
Fresh demand allowing to go long, due to a weak level Looking to break all time highs. once it does, we will look for a sell entry once we have confirmation of a strong supply. If a risk off scenario occurs, go short, with another opportunity to long again. we have a very strong level to buy from. Coronavirus effect - meaning the previous high needed a fresh...
Op-ed: The charts show global stocks could retest their March lows later this year www.cnbc.com Key points: From a technical analysis perspective , global stock indexes in March wiped out critical long-term support factors pertaining to the entire multiyear rallies since the conclusion of the global financial crisis bear markets, that have driven many...
As the figure shows there is a clear negative correlation between U.S. unemployment and the S&P 500. Currently, we are seeing extreme highs in unemployment and the recovery will certainly take some time. To see more reasoning for a short position, please look at my previous post on the S&P 500 (Witnessing a bubble created by people's unrealistic expectations)
A lot of inexperienced newbie investors are piling up the market yet the reality of the economic atmosphere is not robust at all. A lot of companies are filing for bankruptcy, consumption, production, and employment are extremely low (and not expected to recover fast). As small, inexperienced investors are rushing into the market, the big institutions are more...
Both S&P and Dow creeping up to the mid point of their respective inner upward channels and flexing their strength. These markets aren’t out of the woods just yet and with Q2 yet to close out with one more month to go, will we see these markets pop up to the previous highs and safety point or trickle back down like mid Feb/march’s P action. A break of 2723.3 on...
Squeeze Momentum Indicator implies that the upwards retracement after the bottoms has come to an end. However, it has not given a clear signal of the direction of the next momentum in the market. By combining this information with the Volume Flow Indicator (VFI) we can see that the upwards trend is really losing its vitality. Besides this the occurring negative...