Hello everyone! First two new charts for 2024. Another year another upside logic market. We're breaking ATH with continually decaying economic data, new banking troubles, new wars, and an election year and markets ignore it all. It's a Fed controlled market so mysterious!? Anyhow, in this chart I did a vague not so accurate EW that began Jan 2022 that bottomed...
SPY is trading at a key resistance level, the white resistance line that has consistently provided strong rejections for the S&P 500. I am taking a short trade setup by going long on SPXS. Price targets: - Red support zone between $469 and $477 - Red trendline around $433 (price increases over time since the trendline is sloped upwards).
Overview Utilizing trading patterns and consistencies between several technical indicators, I believe the equity market will begin to unload soon as traders collect their profits from the recent rally and prepare for the next FOMC meeting on 19-20 March. Trading Patterns SPY is currently undergoing a rising wedge which is a bearish trading pattern. Within...
Weekly Chart from COVID Highs Weekly Chart has yet to break out the trend line (green bar) from COVID Highs The bottom appears to be getting tight and has consolidated sideways for weeks June - September 2023 the chart was basing which rallied 10 points in the end of September The base in June - Sept was not as tight as the chart is showing now This...
SPY ETF Approaching Critical Resistance Amid Bearish Signals The SPDR S&P 500 ETF Trust (SPY) has been a focal point for investors seeking exposure to the broader equity market. However, recent indicators suggest a potential shift in sentiment as the ETF nears significant resistance levels, hinting at a looming bearish turn. As of late, SPY has been on a...
Idea is to keep a downtrend to 3400 level in August 2022.
Im shorting NVDA here because of the current seasonal anamoly. NVDA was supposed to fall this time of the year usually tracking 20 year historical data and the options chain is skewed to the call side. PE ratio is insane at these levels Our Ai forecast tool has turned bearish Trade Idea : NVDA 640 PUT MARCH EXPIRY SL 640
Following our previous successful profit-taking advice for the SPX long position at 4900, AstroDunia's market timing model, informed by financial astrology, has identified a compelling short-term selling opportunity. Recommendation: Enter a short position in SPX (Cash) at current market price (CMP) of 4900 and an additional short position at 4935. Set a stop-loss...
So many bulls and bears are stating their cases on social media as to whether or not a bottom is in so I thought I'd take some time today to examine what a daily bottoming process looks like using SPX. Standard & Poor's 500 was created in 1957 and since then it has gone through 9 bear markets (Defined as a GREATER THAN 20% decline on a CLOSING basis). 2022...
Whenever this occurs, it signals the bottom of the market. In this weekly chart, the blue line represents the 50 Simple Moving Average (SMA) and the black line represents the 100 SMA. As we can see the 50 has inverted the 100. Whenever the 50 crosses below the 100 on the weekly chart and then price moves above the 50, the market doesn't set a new low until a new...
The SPX is getting close to a major resistance that has rejected it several times since we got under it. Those who have seen my other ideas know that I am bullish on the market and I do expect us to break the resistance to the upside. If you want to know why I am bullish, see the ideas linked below. Obviously it would be bearish if we get rejected here...
See how TrapZone Pro gave early SHort Entries in SPY. Both Profitable on the Hourly Chart.
Hello trader’s what do you think about GBPJPY) ? Gpbjpy breakdown resistance levels fullback down 👇 Entry 183.710 Target 181.762 Target 178.322 safe trade 🙏🙏❤️🩵 Plaes like 👍🏻 and comments)
Possible trajectory of SPY for the month of January. Trends look similar to price action from July to Nov but on a smaller scale (about 1/3). MA action similar as well (9, 20, 50; dark blue, light blue, yellow). Based on that scaling I drew a projected path for the price action. Support around $458 near the end of January seems possible.
Following last week's release of stronger-than-expected economic data, investors are recalibrating their expectations concerning aggressive Federal Reserve (Fed) rate cuts. The market sentiment is shifting, with investors scaling back their anticipation of imminent rate cuts. This change in perception is amplified by the surge in bond yields, indicating a rising...
If you've been following my ideas over the last few weeks, you'll know that I have a macro bearish view going into next year. I think the market is setup to drop 30-40%+. I know everyone is calling for new highs (Tom Lee, looking at you), but it's not going to happen IMO. We're not in a bull market, this is still just a bullish bounce within a bear trend. I'm...
hello trader’s what do you think about gold) gold fullbacks support levels 2047) Gold if breakoutdown and this weekend looks better news CPI trader’s 2047) support levels and gold mowing fullback 2100)resistance levels)my position 2047) lounges 2100) key levels 2080 key levels 2090 key levels 2100 Gold finished the year at $2,063 an ounce, climbing more...