Today's bullish trend is confirmed. the bear market of the past few days has been swept away and volatility is falling again. Today's candle is significant and relevant, with a wide body and close on the highs. We go Long with a trickle of gas, up to 5120 points.
A correction is coming soon. Maybe started this week. How low will it go? Nobody knows.
So many Bearish Posts. Permabears predicting cataclysm. The End is Near!
Doomsayers who repeatedly forecast massive crashes will eventually be right, once every 15-20 years.
Almost always these guys are just plain wrong. Markets exist to print money. Money prints when...
Everyone senses there is something coming, but nobody knows what it is. Regardless the markets will correct massively, technically because we haven't had a 0.61 fib correction in a decade, secondly because the bags are too heavy and everyone is bagholding, we need to shake those who call themselves diamond hands at +50% price discounts, i.e. cheaper...
There were some wild moves across US stock indices last night as investors responded to the Federal Reserve’s FOMC statement and Fed Chair Jerome Powell’s subsequent press conference. The major indices were in negative territory ahead of the rate announcement, but then bounced sharply after the FOMC left rates unchanged as expected, and on the back of a benign...
The price is currently following a bearish trajectory, targeting a level of 4997. It is essential for the price to close a 4-hour candle below this level to continue the downtrend towards 4953.
Stabilizing the price below 5054 will reinforce the bearish trend, potentially leading to price levels of 5021 and then 4997. Therefore, the expected range of movement...
This is a short-term outlook on the S&P500 (SPX) following yesterday's Fed Rate Decision. The short-term pattern on the 4H time-frame is a Channel Up and is giving us some important developments.
Even though yesterday's attempt to stay above the 4H MA50 (blue trend-line) failed, the index managed to stay on the Channel Up bottom (Higher Lows trend-line) and is...
there is a confluence of time and fib levels, the market will fall in 1-4 weeks. what will be the narrative ? idk , there is an Elliott wave count that says this is a major yearly high, but I don't want to believe it cause that would be catastrophic for the world, I hope it's just a pullback of 10-15%.
Yesterday's FOMC meeting concluded with a decision to keep the monetary policy unchanged, leaving the federal funds rate at 5.25% to 5.5%. During the subsequent press conference, Jerome Powell outlined the solid state of the economy alongside heightened inflationary pressures. Notably, he disclosed plans to commence with the reduction in quantitative tightening...
The SPX500USD is currently in a favorable buying zone at 5048. Traders are eyeing potential profits at multiple levels: 5077.2, 5102.1, and 5118.8. These take-profit targets indicate strategic points where traders anticipate the price to reach, capitalizing on potential market movements. Additionally, a stop-loss order is set at 5019.1, serving as a precautionary...
SP500 is on track and is following the idea i shared some days ago. I expect a continuation of the drop till the 4800-4900 area, and probably the target will be hit in May/June. Here i will look for longs to hold till Q4 2024. Updates will follow
multiday short trade on sp500 . Tp at 4700
today's candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish leg. possible target 4700 points.
Hello my fellow traders!
Crazy times for SPX. Many will get confused and have their bias. (Hope it's right).
Daily chart in SPX Oanda is in a roll over formation, ma's flipping. Measured move is far enough I thought I should post what I see.
Target area 1) 4829.6 Target area 2) 4660. WHAT! I know right. Ya, we could dip to 4660 so please be careful...
The SPX has rallied approximately 3.5% since its lows on 19th April 2024 and well into the two-day FOMC meeting that kicks off today. In line with general market expectations, we do not anticipate any change to the central bank’s monetary policy, and just like on previous occasions, we expect Jerome Powell to reiterate the FED’s commitment to fighting inflation...
Yesterday saw a big ‘risk-off’ move across all the major US stock indices. The biggest falls were seen in the tech-heavy NASDAQ 100 and the domestically-focused mid-cap Russell 2000, which ended the day down 2.0% and 2.1% respectively. That was a fitting, if disappointing, end to April for US equities which have struggled to maintain the relentless bullishness...
