US stock indices continued their fightback yesterday. All the majors ended in positive territory with the strongest gains posted by the mid-cap Russell 2000, followed by the tech-heavy NASDAQ 100. Stock index futures rallied further overnight but have since pulled back from their highs. Tesla reported after last night’s close. The stock soared 15% despite missing...
More the 1% gain brings bulls back party but they may not fully controlled until we close above 50 EMA 5150 levels Hourly changed to up today but daily trend is still down. Day price closed just above 20 EMA and touched 50 EMA today which is positive. now 5040 may act good support and 5100 is good resistance. Most earning are good side but Tesla as worse the...
Adding NASDAQ:OM here at a discounted price. I believe in #MANTRA team. Buying every dip of NASDAQ:OM as it will outperform in upcoming days. So many developments are ongoing. Something big is coming!!
According to the current data, we expect to see a rebound that could reach up to a price level of 5143.
Momentum Regimes: Indices Ascertain which phase an index may be in, as per the momentum regimes. Ranked from overbought to oversold.
In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks. in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9% As we can see on the chart the index...
I am expecting an initial rejection of this bull channel from Oct lows (also aligns with the EWT count for a marginal lower low) but once SPX convincingly closes above this channel - we are going to ATH's in my opinion. NTA.
SP 500 SP 500 Trade setup on broad market weakness. Stay hold below pre-market resistant. So ideally wait to see break down pre-market support. retrace and continue downside.
04.22.2024 Next trade executed. 304 DTE. This trade is something that has back tested remarkably well and is ready for first live deployment. Trade construct is a balanced butterfly structure with synthetic longs. A synthetic long using options consists of selling a deep ITM put, and simultaneously buying a far OTM call at the same strike. Short Strikes...
Been tracking this one for weeks now as we've formed a bottom and reclaimed support. We think across markets, we're seeing a macro shift away from speculative tech and towards value. TVC:SXXP (European SPX) could be forming a bottom vs SPX as well. What this over performance could look like remains to be seen. Could be more defensive in a downward move or if...
Efforts are underway to head off a full-blown Middle East war. What’s Happening Now: A tense calm prevailed in the Middle East after Iran’s missile and drone attack on Israel. Global markets showed signs of stability on speculation the conflict will remain contained. Iran said there wouldn’t be further attacks as long as Israel didn’t react aggressively,...
Daily - looks bearish, in need of a small consolidation or pullback. we are near a key area on daily i.e.** 4947.66 - 4980.52** if price holds above this level, we can observe another leg up from here (low probability). if not, then we can expect a small consolidation and then another dump on SPX this week. Origin - bearish. SPX looks bearish here too. but there...
4/12/2024 we are 10mins away from the 4HR candle closer that I posted about let's see how this turns out.
One more run to take out ur shorts, along with the crypto. Then, everything falls. Let us see. Is not an advice, merely my current thoughts.
US stock indexes are falling off of their all-time highs which has seen the S&P fall below the 50-day MA support level at $5,125. A failed move back above the 50-day MA at $5,120 will see the index fall lower onto the 38.2% Fibo rate of $4,820.
Welcome to our latest analysis of the S&P 500 index! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the ever-changing landscape of stock market trading. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the S&P 500's...
Coming into the penultimate April trading week, we ended the last week with a massive drop in NVIDIA. Overall, stocks were not really a happy place last week. Kinda depressing. Anyway, we got a lot of expectations of a bounce, continuation of the move, etc...Given the dearth of information with the FED blackout, lack of economic data releases besides BOJ and PCE...
The monthly timeframe appears to be bullish, while the weekly timeframe is showing bullish signals as well. However, the daily support has been broken at 5170.9 and the price is currently heading towards the weekly support at 4701.6. Despite this, the higher timeframes still seem to be bullish and it is likely that this is just a retracement. At the moment, the...