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...
Are we ready for a correction? We broke down and now we should keep going down as long the candle dont close above the highest candle this is a good setup for a big move down.
US500 keep buying on daily till bullish trend stops. US500 bullish till bearish appears on weekly.
The S&P 500 (US500) has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance. Pivot: 5,117.40 1st Support: 4,956.50 1st Resistance: 5,263.47 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Broke multiple bearish continuations. Typically cycle violently breaks from pitchfork. Advanced rsi momentum break observation. A great stop behind volitile buyers.
GENERAL MARKET REVIEW Concerns over a potential military attack by Iran on Israel triggered a gap down in the market at the beginning of trading on Friday. Following these events, there was a surge in oil prices, which then led to widespread sell-offs across the board. Virtually all stocks took a hit, with growth stocks experiencing declines ranging from $2 to...
SPX500 has just hit a massive resistance zone. Cluster includes Genesis, Covid, and other fibs. Expecting a reaction here, perhaps a local top? 5109 - 5166 is the exact zone of interest. 4896 - 4901 is the first good support below. 5429 - 5493 is next major resistance above. ==========================================
As we step into the second week of the Q1 earnings season, a roster of major financial players is gearing up to unveil their financial reports. Expect updates from Goldman Sachs, Bank of America, Morgan Stanley, American Express, Blackstone, and Charles Schwab. Additionally, non-financial companies like UnitedHealth, Taiwan Semiconductor Manufacturing,...
Market never liked uncertainties, which was evident on the US equity markets for one more time. The optimism from the beginning of this year is still not fading, however, it reacts to increased inflation data in the US and also geopolitical tensions, which for one more time are emerging in the Middle East. The future period might bring some challenges to the...
As you can see, there is major support on both trendiness + the current price is balancing on the powerful 50.0 Fibonacci level! This would be a great time to buy and take profit all the way to the top! Low risk high reward opportunity.
fibonacci speaks clearly, we are ready for a bearish leg, which could bounce into the clear support, and which coincides with fibonacci 38.2, to continue its run, up to the illustrated area, made with the fibonacci reversal.
Forecast: Start of Bearish Trend (Daily) Invalidation Level: 5281.7 Only sell when the price is close to these levels: 5151.3; 5281.7.
Here is our detailed technical review for US500. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 5122.2. Taking into consideration the structure & trend analysis, I believe that the market will reach 5315.3 level soon. P.S Overbought describes a period of...
Elliott wave analysis on s&p500 The extending wave 'C' finishes its 3rd rise, now its time for wave 4 fall which is obviously a zigzag in nature, since this is motive wave ,you can hold PUTs until 5000
Will this 2nd wave of extension surpass 5177? watch this level for termination
Looking at the 1M on the AMEX:SPY , it's leading me to think if we close below last months low, we should be confirming regular bearish divergence, giving us a target of at least to the 21e . Please see chart for reference of current target. fastlanewinners.com