Yesterday's sell off seems very dubious.
Any test of ETH session Low could provide direction for the day.
Level to watch 3879 --- 3877
Reports to watch :
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
On today's CPI report, inflation rose 0.5% in January, which was higher than expected (according to CNBC ), yet the market rallied.
With this rally, the market is hitting a supply zone, which was the swing high for two of the most recent swings. In the shorter term, it has also been seen that the recent rally has been rejected twice at the bottom of this supply...
Recent heavy selling shows no sign of stopping yet. We have a range here that is probable to fill to the downside under the momentum to at least test the recent low. The market didn't spend much time down there which is what created the low, but also it's failed to go higher, so now we have to go lower. You do not wan't to be long this market.
Spy seems to have completed retracement and now it is looking to complete wave 2 into wave 3 so I am currently looking for long positions. It has room to go to 381 zone before it gets invalidated.
Again my Bearish theory behind SPX
1,2,3 comparison Vs a structure that formed way back in the 60's
Simply showing the similarities and possibility that could arise
More informed chart below
Yesterday, U.S. inflation came up in line with expectations, and the market continued to enjoy relief after last week’s route. However, while the FED is progressing in fighting soaring prices, many problems are still on the horizon (declining corporate profits, rising unemployment, the persistence of tight monetary policy, problems in the banking sector, etc.). As...
If the price reaches the specified area, you can enter the trade in a smaller time frame (5 minutes or 15 minutes) by getting confirmation.
♦️Please note that none of the analysis is a trading or investment proposal and the trader is responsible for accepting or not accepting these analyzes for his own personal trading.
The financial sector and heavyweight financial stocks along with regional banks finally rebounded after their recent decline due to the collapse of Silicon Valley Bank ( NASDAQ:SIVB ) and Signature Bank ( SBNY ).
In addition, Consumer inflation for February cooled as expected and bolstered expectations for a 25 basis point rate hike at the Federal Reserve's...
US stock futures declined on Wednesday by about 0.1% after the previous day's market rally, in which all three major indexes finished higher. Dow rose by 1.06%, S&P 500 jumped by 1.65%, and the Nasdaq Composite rallied by 2.14%. The banking sector staged a comeback rally as investors shrugged off fears of a systemic risk. Investors look forward to retail sales and...
Looking for price to hit the order block near my entry. I expect more bears to come into the market as people are in fear due to the banking crisis with silicon valley etc. Crash is coming, but when tho? We shall see what price wants to do.
Price played out as analyzed last week, giving us a 4.31% move to the downside, grabbing sell-side liquidity before making a bullish retracement. From here, I'm expecting price to continue lower if the bearish POI at 4078.49 holds.
We closed above the decending trendline from januari 2022. Many traders are drawing this line wrong ATM to match their bias. Beware. We closed above which is very bullish but many people are saying that we closed BELOW, they try to match this scenario with 2008 and 00. It is not unlikely that we break down under the trendline again, but right now this isnt the...
You can see it made 3 attempts to breach 200 day with a lower high each time... It also has make 2 lower lows. This indicates to me that is a top and we are going lower low.
Note: All my charts are made with public indicators and nothing private or custom
I'm pretty sure the pump we saw over the past few days was caused by Bitcoin reacting to this Macro Trendline on the 3 Day Chart. I'm watching this potential fractal in the S&P500 because it looks a lot like the 2008 crash.
If the S&P500 can break back above this Descending Channel on the 3 Day Chart then I'll consider flipping Bullish. But until then I'm remaining overall Bearish.
