Following the wealthy path of the 5 richest men in the world Warren Buffet runs many businesses so I would just use BRK.B as a proxy (so accuracy may differ) Surprised to see Amazon ranking the lowest ...... Read article here by dchua1969Updated 1
Let's make more money in 2024Read article here From chart, I see 2 possible options - one that retreats and find support at 4812 price level and continue to rally from here. Two, it was a false alarm and heads south and head towards 4694 price level before finding support and continue the rally upwards. Of course, the worst scenario is if for some reasons FED refuses to cut interest rates (market already price in 3 cuts) or worse increase one more rate hikes and the market can react badly and goes ahead to close the loop at 4422 price level. That is roughly a 8% drop from its current price so still acceptable. AI will continue to push the magnificent 7 stocks even higher (look for dips to accumulate) and I expect to see a rotational play back to Healthcare stocks , Consumer Staples which were not performing so well last year. Please DYODD Longby dchua1969Updated 1
The mountain trekking rules on SPXFor those of us who had gone trekking the mountains before, we know that to reach the peak , it is not a linear path. Often, we have to manage the steep downhill , climb the uneven uphill and these will go on for umpteen times before we get to the peak. The stock chart acts in a similar way, imo. You can see the red arrows showing the downhill where we have to accept and climb down. This does not mean for us to sell our positions unless you are a short term trader. Often, this is a resting point for us to accumulate else accept it as part and parcel of the trekking journey. The current rally since Oct last year has not had a meaningful downhill of sort so I had drawn several support level where it might revisit before continuing its uphill task. So you can buy-in tranches something like 10% at support level 1, 25% at support level 2 and 40% at support level 3. The % is based on your size of the capital invested so it may differs from each individual. Note that each time the price action visit the green dotted line (bullish trend) , it will nicely rebound again, sometimes touching and sometimes not. That is why it is even more important to be in the market than to TIME the market. Of course, if we can all predict with 100% accuracy, then all will show hand at support level 3 or even lower but Mr Market is smarter and more emotional than we. It could touch support level one and then continue its way up without giving the late comers another chance. Then, if you missed it, you will be buying at the next higher price. By bying in tranches based on the % above , you allow yourself a good opportunity to do dollar cost averaging and ensuring that you participate in the bullish trend RATHER than awaiting at the bottom (hoping) to scoop at lower price. The gap that remained to be filled up can be misleading as well. It can take weeks, months or even years before it is filled up , nobody knows for sure. And awaiting blindly for it make take you out of the market for a much longer time than anticipated. And that makes chart reading an interesting game and that is it is not 100% accurate despite all the tools available. Longby dchua1969Updated 1
US500SP:SPX TVC:SPX CBOE:SPX SPREADEX:SPX This analysis was performed by a neural network based on all signals from the indicator CCPR #US500 #1d #BrownDot 06/13/2024 | 5432.81 #google/gemini-flash-1.5 ### Analysis of the current situation: (funding and volume) *Funding: Funding on the US500 is in negative territory, indicating that sellers are more active than buyers. *Volume: Trading volume on the US500 has been above average in recent days, indicating increased interest in the market. ### Support and resistance level: * Resistance level: 5440, 5480 * Support level: 5380, 5340. ### Forecast for US500 price movement relative to the dollar: #### Brief immediate forecast: *Probability: 60% * Movement: The price is expected to drop by $500 in the coming days. * Signals: There is a strong signal for a downward reversal (BrownDot), which is confirmed by a weak buyer (BIGREDDOT) and negative funding. #### Medium-term forecast: *Probability: 40% * Movement: The price is expected to increase by US$500 in the medium term. * Signals: There is a downward divergence (DivergenceDOWN), which can be a trend reversal signal and preserves all previous downward signals. #### Motion reliability: * Up: 40% *Down: 60% ### Conclusions: * The current situation in the US500 market indicates a trend toward gradual price declines. * However, a downward divergence signal (DivergenceDOWN) can be a trend reversal signal and leaves all previous signals to fall. ### Recommendations for entering the position: * Short: Apply an open short position on US500 with a target of 5340, stop loss of 5400. * Long: thus delay opening long positions until the trend reverses. Additional factors to monitor: * News: Stay tuned for news that may appear in the $500 market, for example, for the publication of data on dynamics, interest rates, etc. *Volume: Follow trade analysis to ensure signal strength. Data for analysis: *Price: Keep an eye on the $500 price to determine its movement. * Indicators: Use indicators to give signals. *Volume: Follow trade research to identify strength signals.Shortby Ivan_Olyanskiy0
Long economystrong uptrend indicator today, looks good, the economy will not fall until the next bubbles or crisis, long for the indexes, be careful to the institutional shakeout and good luck. Longby Gilbert09670
S&P consolidates near highsUS stock index futures came under selling pressure this morning. This followed yesterday’s lacklustre session which saw modest gains for all the majors. Equity markets appear to be consolidating ahead of tomorrow’s big announcements, with both the S&P 500 and NASDAQ 100 holding close to all-time highs. So much now hinges on where the CPI comes in. The consensus expectation is that Headline CPI (including food and energy) will hold steady at 3.4% in May, unchanged from April’s update. If so, that will be below the recent highs of 3.7% from September and October, but still well above the 3% recorded last July, and way above the Fed’s own 2% target. If recent history is any guide, then there should be widespread relief even if CPI only matches expectations. But the next big test for markets comes just a few hours later when the Federal Reserve’s FOMC concludes its two-day monetary policy meeting. While the market doesn’t expect any change in the Fed Funds rate, investors will be anxious to see if there are any changes to the quarterly Summary of Economic Projections (SEP) from the last release in March. The SEP shows what FOMC members are forecasting for GDP, unemployment, inflation and, crucially, the Fed Funds rate for this year and beyond. The ‘Dot Plot’ should provide clarity over the likelihood of rate cuts for the rest of this year. Crucially, do FOMC members expect to reduce rates by 25 or 50 basis points before year-end? And are there any members predicting a rate hike first? After this, Fed Chair Jerome Powell will hold a press conference, so market sentiment could shift quickly, depending on his outlook for the US economy, and on inflation in particular. By mid-afternoon, the S&P 500 had fallen further as had the Dow, while the mid-cap domestically focused Russell 2000 had lost over 1%. In contrast, the NASDAQ 100 was in positive territory. Apple, which is a constituent of the S&P, Dow and NASDAQ 100, was up 5% on news of its latest foray into AI. But it had an outsized positive effect on the NASDAQ 100 due to its weighting in the tech-heavy index. by TylerNorcross0
S&P500 The structure is completeYes. It's over. Full five waves have been developed to complete all the upside movement from the October 2022 bottom. The S&P500 has now completed 5 waves from October 2022 and has completed 5 waves from March 2009. The market is going to see a very deep and long correction.Shortby ulrichniederhausser2
SPX500 H4 | Potential bullish bounceSPX500 is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 5,324.57 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 5,287.00 which is a level that lies underneath an overlap support. Take profit is at 5,393.72 which is a level that aligns with the 127.2% Fibonacci extension level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Long03:20by FXCM2
US500 SELLThe market is currently testing the current structure which is forming a divergence on the daily TF. Based on price action , the market is forming a reversal chart pattern on the 4HR TF. We could see sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor. Shortby WiLLProsperForex0
SPX500 Day I Bearish divergence?Based on the daily chart analysis, we can see that the price is currently at our sell entry at 5362.82. Our take profit will be at 5286.40, which is a pullback support. The stop loss will be placed at 5416.77, above the 127.2% Fibonacci extension. Please note that there is a bearish divergence forming. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM1
Odds and Psychology.Based on "Think fast and slow", people have two system thinking. System-1 is autonomous, always working in background (ie unconsciousness), lazy, intuitive, fast, has stereotypes. System-2 is rational, hard problem solving, takes effort and energy, cuts trough the BS, etc (ie consciousness). Based on another book called "superforcasters" and some dude I forgot his name, best approach for odds is to have simple system; where 100% certain. 93% almost certain. 75% probable. 50% about even (or maybe). 25% probably not. 7% almost certainly not. 0% impossible. All forecast are subjective guesses. The catch; If you think something is 100% - you would go allin with max lever. (If you dont) your beliefs or opinion go against your actions. If you dont believe it's wise to go allin - then odds are not actually 100%. If you are stressed about 93% spot, then maybe it might not be 93% after all. (1:14). In key SPX areas, based on business cycle and TNX, logic says one odds (or System-2) and your intuition (or feel) says differently. You are either too bearish or too bullish. This is a simple representation of concept. Another key concept is that TIME <----> PROBABILITY are at opposite sides of coin. The closer or far away in time something - more or less risk, ie higher or lower probability.Educationby citsvarUpdated 0
Another 7 DTE on SPX opened todayThe legs: -5140 +5130 / -5395 +5405 Jun 11th New position is marked with the yellow lines, atm I still have open an SPX 7 DTE which I have now rolled twice and if price ends up within the confines of the first Iron Condor, that would be a break even trade. New trade details: Premium: $115 Fees: $7.13 Premium - Fees: $107.87 Capital allocated: $892.13 % gain on investment: 12.09%by leongabanUpdated 0
SPX500 trading in bullish channelThere was some volatility in the market last week. Nevertheless, the SPX500 is trading in a bullish area. The longer this is maintained and the RSI remains above 50 the greater the likelihood of higher prices ahead. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com) : Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.Long03:18by FXCM1
Sacred Trading In light of the recent Mercury retrograde cycle, we have observed significant market movements that align with key zones, suggesting potential reversal points. Let me clarify: while I acknowledge the historical correlations between planetary movements and events, I do not base my trading decisions on astrology, nor do I consider myself an astrologer. This analysis is simply a brief exploration of astrotrading over a two-day period, aimed at sharing my observations and experiences. Over the weekend, I studied various planetary constellations and noted that certain alignments seem to influence market reversals. The key constellations are: Sextiles (60°): Often indicate three peak patterns. Trines (120°): Suggest rectangular trendline patterns, typically flatter than 45°. Conjunctions (0°): May signal immediate reversals depending on the planets involved. Squares (90°): Typically align with 45° angle trendlines within a square. Oppositions (180°): Indicate the start of new planetary cycles. The most significant planetary influences include: Full Moon and New Moon phases Mercury transits and conjunctions Venus/Moon angles Mars/Moon alignments, which can cause market volatility, irritability (notably in the current cycle) Occasionally, Saturn, Jupiter, and Uranus can also have a reversing influence. This exploration is a homage to Mercury, the messenger of god, and an attempt to share insights with you guys.by Underlayer0
Simplicity is king, lolSome say Pitchfork is outdated and some say being simple is the key. This time I think this pitchfork and last nonfarm news' are duets pretty well, so something correction is coming.Shortby BtNd0
Bearish Lunar Cycle Signal.Sometimes markets can turn on New/Full Moons plus or minus two trading days. There was a New Moon on 06/06/24. The next day SPX made a new all-time high unconfirmed by the Dow Jones Industrial Average and the Nasdaq Composite. Daily RSI and MACD had bearish divergences. The SPX moved marginally above the rising trendline of a bearish wedge. A multi- month decline may have begun. Shortby markrivest6617
Fed Expected to Hold Rates Amid Mixed Economic IndicatorsFed Expected to Hold Rates Amid Mixed Economic Indicators Focus on CPI Data and Rate Decision: Wednesday's U.S. Consumer Price Index (CPI) data and the Federal Reserve's interest rate decision are in the spotlight. This follows rate cuts by the Bank of Canada and the European Central Bank last week. However, the Fed is not expected to follow suit—at least not immediately. CPI Growth Expectations: U.S. CPI growth for May is anticipated to remain steady at 3.4% year-over-year. Energy prices likely declined in May as oil prices edged lower, while core CPI (excluding food and energy) is expected to decrease slightly to 3.5% from 3.6% in April. This reflects a more normal 0.2% month-over-month increase. Additionally, home rent price growth is projected to slow, alongside a decrease in the core services ex-rent measure that Fed policymakers closely monitor. In April, this measure increased by 0.4%, down from an average of 0.7% per month over the first quarter of the year. Inflation Pressure Measures: The diffusion index, which gauges the breadth of inflation pressures, has shown little improvement recently. Fed policymakers believe the current interest rates are restrictive enough to eventually bring inflation back to the 2% target. Firm U.S. employment numbers in May, including a slight increase in wage growth, indicate no immediate pressure on the Fed to lower rates. Interest Rate Outlook: Our base case scenario suggests that the Fed will not be in a position to cut interest rates until December. This assumption hinges on the expectation that economic growth and inflation will slow in the coming months. Technical Analysis: SP500 Index Outlook Weekly Chart Analysis: The SP500 index recently retested its support line at 5260, stabilizing in a bullish zone. This suggests a continuation of the upward trend towards targets of 5423 and 5500, particularly if the CPI comes in below 3.4%. Bullish Scenario: As long as the price remains above 5260, the bullish trend is expected to continue, targeting 5425 and 5500, potentially reaching a new all-time high. Bearish Scenario: For a bearish trend to emerge, the price must fall below the support line at 5260, which could then lead to targets of 5040 and 4923. Key Levels: Pivot Price: 5320 Support Levels: 5260, 5193, 4930 Resistance Levels: 5423, 5520, 5600 Trading Range: The price is anticipated to fluctuate between the resistance at 5525 and the support at 5260. Overall Tendency: The outlook appears bullish.Longby SroshMayi5
SPX - Waiting for ADP and ISM SPx The price already pushed up and reached our price we mentioned which is 5301, due to the JOLTs result was Negative results, so today also we have ADP and ISM that remain Negative results expectation, so depending on the news expected the direction should be bullish trend, However, it tries to continue its bullish trend to get 5320, then the movement will be between 5320 and 5302 Bullish scenario: as long as the price trades above 5302 means will continue the bullish trend toward 5320 and above it will be 5347 Bearish scenario: should be stabilized under 5301 to get 5260, and stabilize 1h candle under 5260 means will drop to get 5226 Pivot line: 5302 Resistance line: 5320, 5347, 5390 Support line: 5260, 5226, 5193 The price will move between Support 5284 and Resistance 5347Longby SroshMayiUpdated 8
Still more upside for SPX500USDHi traders, Last week SPX500USD went more up just like I've said in the outlook. Next week we could see more upside for this pair. Trade idea: Wait for a correction down on a lower timeframe and change in orderflow to bullish to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading1
SPX is going short on the 10-minute chart analysis, I used fib and it's looking like there is a start for a correcting wave i don't know if it will happen but that seems the case for me. Shortby dmosi1114
SPX rising wedge into electionsClear rising wedge here supporting a slow summer meltup continuation into 5555-5638 area before election / breakdown before election Plan is to play the wedge for continued upside into 5555+ Will flip short if 5179 is lost. If 5179 falls then a short to 4750-4820 begins.by Jovan888110
S&P 500 Daily Chart Analysis For Week of June 7, 2024Technical Analysis and Outlook: In this week's trading, the S&P 500 hit our anticipated resistance level of 5323 and retested the completed Outer Index Rally of 5342. The index is prone to drop to Mean Sup 5325 and possibly to the next level of Mean Sup 5285 before continuing its journey to the next Inner Index Rally 5408.by TradeSelecter2
S&P IS Ready To Complete Impulsive WavesThe 4hr time frame of S&P 500 chart shows a healthy bullish trend line. IT has completed the forth wave and is ready to complete the fifth. The targets are: 1. 5400 2. 5450 3. 550 Longby Masoud402115