My analysis shows that SP:SPX is slowly pushing for new highs considering overbought conditions and lower liquidity in the market. We must see a break and Daily close above $5265 for a bullish confirmation to the upside. This current weak price action is what's reflecting weakness and low conviction to the upside for $Bitcoin as BTC mirror's its movement from ...
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IMO all indices are well over overbought. Stocks EPS are manipulated simply by buybacks . Everything reverts to the mean , i mean everything. Target 1 4100 by summer then the kitchen sink will be thrown late on this year followed by panic in options 33-3100 in the next 12 months
Sometimes you have to look at the whole picture... - S&P 500 from 1925 till today log. scale (zoom in to see more)
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The first quarter of this year the S&P 500 ended with a fresh new highest level. On Good Friday, the index finished at level 5.258, reflecting the market's ongoing optimism when US equities are in question. For the month, the index was higher by 3.1%. Nvidia was for one more time the star of the market, as AI frenzy continues to spot market attention. The stock...
E-mini S&P-500 Start Quarter at Historic Highs On Friday, data from the Personal Consumption Expenditures (PCE) index was published. According to Trading Economics, the PCE price index report showed that inflation is slowing. On a monthly basis, it grew by 0.3% in February, forecast = 0.4%, a month ago = 0.4%. Following the release of the PCE index, Jerome...
Continued upward pressure from 5,214 has resulted in the index trading to a new all-time high. The four-hour chart highlights a 261.8% extension level located at 5,300. This is a common target/reversal level for an Elliott Wave count (5 waves). Price action has formed an expanding wedge pattern that has a bias to break to the downside. Bespoke support is...
Daily - still long biased. I will look to buy as price pulls back and I see buyers stepping in on trigger TF. nothing much to add here. Origin - **5223.77 - 5231.17** is the zone I will be looking for. as price pulls back to this zone, I will drop to my trigger TF and enter long if I get an entry. COT says short but that was the case last week too. historically,...
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Introduction CAPITALCOM:DXY TVC:BXY TVC:EXY TVC:JXY TVC:CXY TVC:AXY TVC:SXY TVC:ZXY In short, we introduce the importance of economic indicators in forex trading and explain how they can show the health of an economy and affect the strength of the currency. GDP Growth Rate What it is: Gross Domestic Product growth rate measures economic...
Weakness of RSI signal and lower volume means, big move is coming! . in this scenario its most likely bearish idea targeting 4515 by end of March where big options volumes are hanging around. From otherside, possible to relay on recent double tops pattern and bounce back from the bottom targeting all time high between 5150 and 5300 .. maybe too.. the idea here is...
It is nearly impossible to find, online, what the TRADINGVIEW symbols are, for all the instruments offered by OANDA (a broker). After finally finding that list on TRADINGVIEW (by writing "OANDA:" in the TRADINGVIEW search box, without the quotation marks), I decided to compile the results and create my own list in a document. Here are the results. We don't see all...
Publicly sharing that I made #MANTRA NASDAQ:OM my biggest bag at $0.04 - $0.05 was the best thing I could do. #RWA Tokenization is what I am really bullish on and is gonna be really really huge!
Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more). Simplifying the complex is the key to...
Do your own DD, this is just an idea Current overall news indicate continuation of bullish trend until the ISM at 15.00 GMT. However, overbought for the hour. The buyers will likely look for demand to toping the top. After discounted from current premium, likely will collect more buyers (depending on the news).
Hi traders, Last week SPX500USD made a small move up but did not close above the previous high. Price is dying out but there are still no clear signs of a reversal. So I'll wait for more development. Next week we could see the start of the (corrective) downmove. Trade idea: Don't trade at this point. If you want to learn more about wave analysis, please make...
S $ P 500 Index X RIGHT PRICES FOR QUARTER 2, 2024: I will do my best to have the last decimal prices included! NEXT PRICE = $5,313.89 $5,375.93 $5,525.11 $5,578.90 $5,590.85 $5,608.78 $5,740.26 $5,862.77 $5,886.68 $5,940.47 $5,959.70 Distribution price as follow: $6,54.02 $6,024.14 $6,107.80 $6,224.34 After Distribution price market will...