Hello traders! In previous posts we explained how we believed the last leg up from October's low in the SP to be a primary corrective wave (B) to the upside on overconfidence about the soft landing narrative and FED policies. You can see from this daily chart how low were volumes during this last period. We were expecting the target of this upside movement to be...
Collateral Damage or Covert Help? (after being stuck in an indeterminate state, our models are out today with their trading plans for the day) The banking meltdown seems to be the collateral damage from the Fed's battle with inflation. Chair Powell tried his best to be balanced in his press conference post-FOMC yesterday, trying to indicate his preparedness to...
Pair : SPX500 Index Description : Break of Structure Rising Wedge as an Corrective Pattern in STF and LTF with the Breakout of LTL and Retracement Divergence Impulse Correction Impulse Bullish Channel Consolidation Completed " ABC " Corrective Wave
SPx STABILIZING ABOVE 3968 will be bullish to get 4010 and above it 4040 but stabilizing under 3946 will be bearish Pivot Price: 3968 Support prices: 3946 & 3920 Resistance prices: 4007 & 4040 & 4058
The narrative: Time and Price delivery using ICT Concept This is for educational purposes only trade on a demo account. CLosed at 20 Handles 10% Gain
Good morning and welcome to episode 811 of ‘Talking Bull’. Latest headlines today, Fed hikes 25 basis points, Rate forecasts little changed, Powell wary over credit tightening, Dollar slides amid lower yields, Bank of England & SNB decision
Hello & welcome to this analysis S&P on the eve of FOMC meet is at the slanting trendline with a diagonal ripe for a pullback/reversal 4017 needs to be breached on the upside 3950 if broken then more downside coming
Traders! S&P 500 repeats its history as it completed 2 green cycles of 12.5% before the red cycle. Similarly, it completed 2 green cycles of 19.5% so be prepared for the red cycle. MACD also looks bearish. Keep in mind inflation and DXY. ENJOY😊
• The SPX did a top sign yesterday, just after it hit its resistance at the purple trend line, which is connecting the previous tops; • What’s more, the index lost the 21 ema. It seems Futures are stabilizing, but the situation is still problematic; • In theory, if we don’t see a very strong bullish reaction, as soon as possible, the index would just keep...
Paul's away I am following through on yesterday's trade setups and a look at Bitcoin.
Yesterday, the FED hiked interest rates by 25 basis points, causing an initial rally in the U.S. stock market, followed by a selloff after FOMC’s press release. In his speech, Jerome Powell acknowledged the persistence of high inflation (replacing the tone of “easing inflation”), banking sector problems, and a strong labor market. Furthermore, he reiterated FED’s...
not financial advice. this is how I have my orders set along with TP's. will see how it plans out
To become better you have to practice. Today ill be charting Walmart. Feel free to chime in
Trade Idea: Selling SPX500USD (S&P500) Reasoning: Price action stalled and reversed sharply from 61.8% Fibonacci (4194-3807). Price below the psychological 4000 level and stalled in front of 38.2% Fib (4043-3936). Bearish outside day expected to lead to further losses. Entry Level: 3967.5 Take Profit Level: 3876.1 Stop Loss: 3996 Risk/Reward: 3.2:1 Disclaimer –...
Westy and Blake are back - this time from Westy's hotel room in Hong Kong! Yet another crazy week in markets, and they're talking banks, FOMC (and other central banks), gold, Nasdaq and lots of forex pairs
Join us in this video as we reveal the powerful Psychosis - Bitcoin Trading Indicator
I´m expecting a drop on this index soon. Trade according to plan and enter just after clear rejection candle on 1H-4H chart. Cutloss if any of 4H candles closes above the SL zone. Wish you good luck.
Nothing new here really...similar to other ideas just making it a cleaner plot.