RayonMarkets

RayonMarkets

AMEX:GLD COMEX:GC1! looks ready for a move up. RSI paused just below 60, ADX move not started yet, MACD and price both coiling A lot of Economic Reports on deck this week may act as catalyst.

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While PEPPERSTONE:NATGAS drops to lows not seen for decades NYSE:LNG may be setting up for a potential trade to the upside. Recent low is a Gann Pivot and should be used as Stop Loss You can also play this using option - see my X post

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The drop today after inflation reports adds another note to my annotated chart. Note the day of last #Fed speak. As long as the low of that day holds - I remain positionally bullish. if this changes, i will reevaluate

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This analysis overlays US Recessions over CBOE:SPX on the top pane. Bottom pane is a technique shared by famous trader , Larry William - recently presented at a NAAIM Conference. The technique looks at US job market as % of population. You can find more on Sentimentrader. Larger declines in stock market are usually accompanied by a recession. There is clearly...

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Weekly #trendline break in SP:SPX , RSI hovering at 40ish ... unless a bounce happens ,a sharp move lower in coming days may put paid to a Santa rally

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AMEX:SPY is creating an intermediate top , with a lower high formed below the previous lower high ( which was at the bear gap below All Time High. We may see a deeper correction and a short trade with target as gap fill below is looking good

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Orange juice futures ICEUS:OJ1! is almost at 50% above previous all time high!! But we know market can stay irrational longer than we can remain solvent. This contract trades about 1500 a day. A short anyone?

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Using AVWAP, MA and MACD - V , 200+ SP points by midweek

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#ES SP:SPX futures opens weak at Sunday open. I expect the downtrend to pick up steam and close around 4300 ( using futures ) for the week. CME_MINI:ES1! SP:SPX AMEX:SPY

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We have a meaningful trendline break using log scan close only line chart , support further below

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If we get above the threshold - real chaos could ensure. Watch this level.

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#SPX is retesting the key price level , break of which started the #bear market. A fail here could lead to test of meaningful support levels below.

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We may experience a significant return to volatility in the market if we get to the bedlam zone. Inflationary pressures are back. Oil is rallying organically on no recent incremental news. Gasoline prices are making new highs for 2023. Markets are forward-looking and the disinflation narrative might have reached an apex on the most recent US CPI release. US...

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CBOE:SPX remains in uptrend with several levels of support below and resistance above. The level just above - if broken , may create a FOMO reaction. It would be critical to observe any downswing that develops thereafter in addition to possible divergences with momentum and breadth for clues

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EURUSD level at 1.1100 has been like a brick wall. Watch this closely . A decisive break may start a new leg of USD weakness and commodities up move.

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Saturday Chart Fun - Key Support and Resistance lines on SPX SP:SPX AMEX:SPY

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NSE:ADANIENT My purely technical take on Adani saga. What happens here is important going forward with respect to this high volume area andAVWAP

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A critical test for the market is coming up - SP500 futures looks ready to test the Anchored VWAP confluence area This area is the intersection of Anchored VWAP from All time high and breakout of pre-covid high. How the market behaves once this breakout is tested is critical for the current upswing