The S+P 500 breakout move above 3800 this week, has turned into a "BULL TRAP", with downside consequences for stock buyers who continued to simply" try"to "Fight the Fed" by buying stock. This mornings strong job report for Sept coupled with a continuous low unemployment rate of 3.5 % in the US sent a clear message to those willing to pay attention, that the FED...
Bearish S+P 500 "Momentum" is vividly on display in trading on 9/29/22. 15 Minute Chart shows a "36" Bar Upward Retracement from the 9/27 Low of 3623.29 to the 9/28 Late Afternoon High of 3736.74, an over 100 point rally. On 9/29, it took only.... "2" 15 minute Bars ...from the Open on the NYSE to completely wipe out the 36 Bar Advance.from the low of...
The S+P 500 is almost completely hostage to the Federal Reserve Bank of the United States ironclad commitment to continue to raise interest rates, in a whatever it takes mentality in order to "attempt" to slow inflation down in the US economy. Problem here is that inflation, as measured by the Consumer Price Index is rising at an 8 % Annual rate, which is more...
The 15 Minute SPX Chart shows it all. Once again, in a repeat performance, stock market bulls were trying to "talk down" inflation, thinking the decrease in energy costs would bail them out on this mornings piv CPI Release for August. Unfortunately for them , talk is cheap, and inflation continues to rage on and on. 8.1 % Annual Increase, lead where it hurts the...
S+P 500 ,shown here on a 15 minute chart, without indicators has in place a "Broadening Top" Pattern, a very high risk pattern that holds substantial price risk to the downside. Bullish "small money " traders trying to front run a "potential easing" by the Fed, by rallying the S+P back above 4200, were seemingly blindsided as" big money" traders who unloaded...
Price and Moving Average Bands are "tightening" by the hour, in the S+P 500. This is a warning to traders, A major breakout move is imminent Bearish Volume on the Upside, in this last week combined with Non Confirming Technical Indicators, like the 15 Minute RSI ( Shown Here) are moving up with price but are still well below prior highs. A "Big Move" is coming....
What was that.... ! ??? Time/Date 8/16/22 2pm-245 PM Eastern Trading in the S+P 500 E Mini. ES From a Daily High of 4327.50 recorded just after 2 pm... ....... A VERY SUDDEN drop of 36 ES Points... to 4291.50 That my friends was a BIG Money move "out" of S+P Futures S+P 500 Cash of course followed the move down in the futures, like the dog wagging...
Since my last post on July 16, advising a move to "Cash ", the stock market as measured by the S+P 500 has risen 10 %, in a very bearish "Ascending Wedge" Pattern" The risk to those entering the market at these levels is almost absurd as the Weekly Chart of the S+P 500 shows that "Weekly RSI "Peaked over 4 years ago in January 2018 ! This new found bull...
The stock market in the United States in simple Risk/Reward terms is still unjustifiably high, with the historic "Standard Deviation" Multi Decade Mean Value of the S+P 500 currently below SPX 2000 ! Put simply, the stock market in the US, as measured by the S=P 500, the most capitalized stock market index in the world is still potentially, get this... 50%...
Inflation is robbing Americans of their income and their savings giving higher prices passed on down the supply chain a historic rise across all classes of American Life. This Inflation is a "license to steal", robbing money in broad daylight from business and consumers who have little choice but to pay up, thinking if they don't buy now prices will be higher...
The S+P 500 Head and Shoulders Pattern, a nearly textbook bearish reversal warning , often disregarded because it's so easy to identify, executed this afternoon violently to the downside. (Shown here on the 15 minute Chart) It's most interesting that the final run up high, completing the right shoulder of the SPX reversal pattern, happened to coincide exactly...
Gentlemen and ladies..get ready to start your engines. Amazon begins trading on a 20 X 1 Stock Split this Monday June 6 And for anyone who hasn't been paying attention, based on Friday's June 3 Close of 2447, the stock will OPEN for trading Monday at 122.35 Retail traders are salivating this weekend, getting their buy orders ready to BUY AMZN,at this ...
The S+P 500 decline on the first day of June, has put the 6 % sharp snapback short covering rally from last week,.. in jeopardy ! Traders should watch carefully, the 5/27 Support Pattern Low of 4077.43 on the 15 Minute Chart ( Shown Here) A violation of that support, especially on a closing basis any day this week, could open up the possibility of a "waterfall...
Fear is growing by the day in the stock market in the United States. Buyers are being overwhelmed by sellers in 2022 with countless former high flying technology stocks now decimated, with the risk of a further much deeper decline growing by the day. Brokers are receiving countless calls from their clients who are panicked, and want out of the market,some at any...
Bull traps" like the one going on in the US stock market, are exceedingly rare. Stock prices, rising for over a decade have been "vaporized" by this decline. Like Netflix, a darling of the Fang Nasdaq 100 stocks, it traded for 701 a share in mid November 2021. Friday it was changing hands at 180. That's a decline of 521 points in just 6 months ! That money above...
Trading in the S+P 500, just concluded today 4/21/22 was a "textbook" definition of a " bull trap" Opening near the high of the day at 4507, the trap laid was concocted on a "upside exhaustion breakout" at the OPEN Incredibly, as the15 minute Chart included here shows, that breakout turned into a "false breakout", which technically is the most potently bearish...
Be careful. And I'll say that again, be very careful about trying to pick a bottom in this market. Even with very oversold momentum and breadth indicators reaching levels that worked before ore buy points, with prices that have fallen significantly from their prior all time highs, their is a strong temptation to go back in and buy The market risk here is that...
As suggested in my last update on Trading View US stocks rose dramatically last week, in the face of the US Federal Reserve Bank to begin now to raise interest rates. The market rose, as big money poured back into stocks, This update is simply a warning to traders. Market volatility because the Russian- Ukraine war, potentially could harvest unprecedented market...