A dark cloud hangs over the seemingly sunny skies of the stock market. The culprit? A valuation metric known as the CAPE ratio, which is currently hovering near its third-highest level in history. This has some investors spooked, whispering fears of a potential market plunge. But is this cause for panic, or simply a cautionary sign? The CAPE ratio, or cyclically...
More downside is ahead of us, at least a 10% correction to the downside
Not trading or financial advice. Just monitoring a possible ascending triangle to 5147. Also seeing a bullish cypher set up. Needs to get above resistances. Neutral
S&P500 has formed today a Death Cross on the 4H timeframe after 8 months (August 14th 2023), turning bearish on the 1D technical outlook as well (RSI = 37.122, MACD = -81.00, ADX = 53.782) as yesterday it crossed under the 1D MA50 for the first time since November 3rd 2023. Both are technically very bearish developments and according to the last 4H Death Cross, we...
Short closed.. Long from 5050 Tp 5137.. Good luck and safe trade
US stock index futures had a positive start yesterday morning. But they fell back sharply soon after the main exchanges opened. Much of the blame has been levelled at Iran’s drone and missile attack on Israel, and on the fears of reprisals from the latter escalating hostilities further. But investors have had a growing sense of unease since the beginning of April....
This is a rough estimate projection of what I'm expecting in the coming weeks for the market. I'll post a more detailed analysis once wave 4 is confirmed. Here is the summary (this is not an EWT analysis, so you;ll have to take my word on it for this count - rather, its a rough forecast for what to expect that uses an EWC to simplify my pivot references): -...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
With the S&P pulling back from highs, let's explore where prices might find support. Retreat and Rebound: Analysing S&P 500's Pullback Opportunities It’s finally happened: the S&P 500 has started to retreat after a strong upward trend. Between late October and early November, the US headline index surged by 28%, marking a significant uptrend. However,...
My short plan for Sp500 worked out perfectly. I shared my view some days ago and adding shorts while it was going up paid out. Actually i closed all my shorts and i am looking to enter long. I think that a pullback is on the way
Correction As you see, market finally has entered to a correction wave. Nobody knows when it will be finished but there are some support levels on it's way. First support is about 5000 and second one about 4800-4820 . I'm looking for finishing correction to get new buying positions.
Buildup prior to the invasion was a steady week of lower prices in January, until 17 Jan 1991 when coalition forces took control of skies over Baghdad and destroyed Iraqi air and ground forces. Overlay is Jan 1991. 17 Jan was the night invasion. 18 Jan the market took a moon shot. Once it became apparent that our guys were winning, bulls took over and the rise...
The markets have come alive with the sound of derisking, deleveraging, hedging and broad managing of risk exposures. Friday was about managing risk going into the weekend, but today was different and the move could have legs - where for many playing defence has been the order of the day, while we have also seen traders getting aggressive, with shorting activity in...
So, the channel finally breaks and we head lower to support. Will update the idea tomorrow with targets etc.
Hello Everyone, Doom & gloom? Not quite. Although i missed some good shorts across the board i am going to be patient and let the price dictate what happens next and what should i do. Sometimes you miss trades, in hindsight, it seemed easy to take a short but it was a 50/50 gamble and i am okay with missing out some trades. I always follow my plan and i think...
My bearish count has SPX topping out today somewhere below 5186.69, with one more daily lower-low (this week) to complete a contracting leading diagonal (1).
If #SPX priced in #Gold can't break to the upside... Then watch out for a new #USDollar bear market when the roll over completes! Please chime in any narratives you want as to why this can or cannot happen in the comments below.
The SPX retreated nearly 3% from its all-time highs following last week’s print showing a higher-than-anticipated Consumer Price Index (CPI) for March 2024. This marks a second consecutive month of accelerating CPI in the United States, which presents an obstacle for the FED in its more than two-year-long battle against inflation. Plus, it makes it increasingly...