Not the most earth shattering observation but good to remember. As profits fall, the stock markets follows. A recent Band of America report shows record low profit expectations by global fund managers - lower than anytime in the last 25 years.
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.
SPX500 - 1,760 target is likely in short order (or maybe worse). If our current momentary system ends (fractional reserve lending post crisis), and we factor in Agenda 2030, Long term uptrend of growth ends for good (as does this century long uptrend pattern between the two red lines).
A bullish swing trade? Bouncing of EMA10. Target is 1.2x
We are on the daily timeframe and we can see that historically buying the S&P index on RSI lower than 30 is an opportunity. Current S&P 500 PE Ratio is decent: 20.34 Min: 5.31 (Dec 1917) Max: 123.73 (May 2009) I have 2 scenarios: 1. Inverse head and shoulders chart pattern with a price target of $4900 by the end of the year. 2. Worst case scenario:...
Hi, I decided to play around with a Wolfe wave and falling wedge... sort of just technical analysis p**n. Good buy rn xD Safe Trading -Pulkanator
If you haven`t seen my last chart: Then you should know that the inverse head and shoulders is a bullish chart pattern that can revers to the $4685 level by the end of the summer. Looking forward to read your opinion about it.
If you haven`t seen my last post about the S&P 500: then i think the chart pattern that it has formed is an inverse head and shoulders with a price target of $4710. Looking forward to read your opinion about it.
VOO AMEX:VOO is showing promise. Markets have very slowly begun to correct since the Russian Invasion into Ukraine Feb 24th, 2022. Since then, you see some recover on this chart. While things are still uncertain with the overall health of the economy and markets the S&P is gaining some slow momentum. However is VOO a good long term hold ? Well, I'm gonna be...
Today, we will look at Master Card, a key name in the information & technology sector, with a market cap of 375B. As a comparative thing, VISA has a market cap of 484B So, what are the main technical elements we can observe here? 1) The price has been inside a massive daily correction of 275 days, and a few weeks ago, we observed the breakout of it. 2) ...
We might see an euphoric W shaped recovery after Russia reported pullback of military troops. Some military units will start returning to their permanent bases after completing drills near the Ukrainian border, said the Russian Defense Ministry. Looking forward to read your opinion about it.
It would be hard to ignore this double top. However not a big one. Btw a lot of indicators (Squeeze momentum, MACD) are still bullish or neutrals. There is not (for me) enough strength in this sole pattern to short SPY and NDX, but you should think to close your long positions. It reminds me this double top: It could bounce on the support as it could break...
Looks like this V-Shaped Recovery by mid March chart is still in cards: Federal Reserve policymakers will raise interest rates in March but keep options open in the face of inflation outlook and the pandemic still ongoing. Until March theories suggest that we can still see a V-Shaped Recovery in the stock market. Looking forward to read your opinion about it.
Before starting , I want to clarify that this doesn't mean "I'm short" this means: "I don't know what the price may do next; however if the price makes THIS sequence of patterns that I have defined in advance, I may be in front of a good situation to trade." WHY? Because I had tested this pattern in the past, both through real trading and backtests, and overall, I...
2 entries (one aggressive and/or one filtered), at the end of the two biggest previous crash... I bought NDX at the closing price (15018), with a stop-loss at -3%, and I advice to put only 20 to 33% of the money to have a risk below 1% (the past weeks were all doom and gloom and we do not know for sure what could happen next...) If you want to download an...
This is a very good bonce. Will it be a dead cat or an alive caT?
entry was based on analysis and not based on nothing. we have demand zone, resistance zone and 50ma. 3 signal
Today we will take a look at MSFT. The 2nd company in the S&P500 based on market cap. The main bullish structure we have is the ascending channel , which started in March 2020 (bottom of the bearish market, after covid 19). Now the price is above that structure again, and we should assume that the structure is still working as a dynamic support. The main...