Federal Reserve Chair Jerome Powell emphasized the need for continued patience in monitoring inflation trends during his remarks at the Foreign Bankers’ Association's annual meeting in Amsterdam on Tuesday. Powell highlighted that while there was some easing of inflation in the U.S. last year, the first quarter showed unexpectedly high inflation rates, which were...
Stock Index Futures Show Little Movement Ahead of Key U.S. PPI Data and Powell's Remarks Federal Reserve Vice Chair Philip Jefferson emphasized on Monday that maintaining current interest rates is prudent until there's clear evidence that inflation is on track to meet the Fed's 2% target. Describing the Fed's policy stance as restrictive, Jefferson voiced...
Last week, I shared my views on the SPX500. The first liquidity zone I was aiming for was $5219, which has now been reached. So there are only 2 important liquidity zones left before the ATH! ✅ 5243$ ✅ 5265$ So I'm going long on the SPX500! A slight retracement to $5146 could be an interesting entry point for a purchase. Feel free to subscribe and boost this...
Dear colleagues, I think that the price has either already completed or is about to complete the impulsive movement in wave “1”, so I expect the beginning of correction at least to the area of 38.2% Fibonacci level 5205. It is quite possible that the price will update the high and reach the area of 5375 before starting the correction. Manage your capital...
Too many traders think they are taking a Random Walk through these market streets. Well this post is to help them define a direction. Can you use this to target the exact price and day/hour/min? No (well sometimes you can nail it) But just like the Map App on your phone it will get you within a certain degree of accuracy AND you will definitely generally no...
U.S. stock index futures edged higher on Thursday, positioning Wall Street to extend gains from the all-time highs reached in the previous session. A subdued inflation report bolstered hopes for interest rate cuts. Economically, investors are anticipating the release of initial claims for state unemployment benefits at 8:30 a.m. ET, seeking insights into the...
SPX500 Wave 4 ( Red Circled) is an expanding flat wave pattern, where wave (B)( blue) could reach 5530 +/- before losing 15.98% +/-
S&P500 Currently, there is a bearish trend projected to reach 5190 from the pivot point at 5225. However, if it breaks above 5245, confirmed by a 4-hour candle closing above this level, it could potentially target higher levels at 5261 and 5280. Key Levels: Pivot Line: 5225 Bullish Lines: 5245, 5261, 5280 Bearish Lines: 5190, 5168, 5150, 5099
Hi traders, Last week SPX500USD went up. For next week this pair could go up a little more before a small correction down. Trade idea: Wait for a correction down to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next...
Price is at the trend deciding zone 5200 - 5220. We had continuous uptrend for few days. Will price take a pause, have a pull back before moving up? Buy above 5230 with the stop loss of 5210 for the targets 5260, 5300, 5340 and 5380. Sell below 5180 with the stop loss of 5210 for the targets 5150, 5110, 5060 and 5020. Support is seen at 4980 - 5020. Check the...
S&P500 has turned bullish on the 1D timeframe (RSI = 58.980, MACD = 2.870, ADX = 28.757) as today it is trading and will most likely close over the 1D MA50 for the third day in a row. Having crossed over the LH, the index has invalidated the bearish sentiment of April and a new Channel up is emerging. If it capitalizes on the 1D MACD Bullish Cross, we expect the...
SP500 is again almost at a historical high, with one zone to go ahead. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect...
Importance surrounding 5225 area on SPX requires an alternative to a longer consolidation wave (presented in my prior idea). If 5225 is accepted as support, then we have an ATH breakout possibility with a measured move to ~5360. If we do not consolidate further then it is less likely to make a full measured move higher. An overthrow high, or series of overthrow...
SPx New Forecast The price is anticipated to approach the resistance levels at 5267 and 5280 before declining to 5249 and 5196. However, the Consumer Price Index (CPI) will have a significant impact on the market. With expectations set at 3.4% or lower, this could bolster bullish trends for indices to reach 5280. Nonetheless, if the CPI is released at 3.4%, the...
Short Term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 5121.45 and dips in wave ((ii)) ended at 5013.45. The Index is nesting higher within wave ((iii)). Up from wave ((ii)), wave (i) ended at 5200.23 and...
In every even year S&P 500 reaches its ATH in Q1, which is followed by rapid and deep decline. Why can it crash? Look how similar S&P 500 behaviour between May 1986-December 1987 and October 2022-February 2024. The 1987 crash started on the way from 1.414 to 1.618 fibo. If the S&P 500 hasn't already topped on Feb 2 with a value of 4975, then the price range...
Technical Analysis and Outlook: The index reached our projected Mean Res 5200 and swiftly jumped higher to press on to our Key Res 5260 and anticipated outcome of Outer Index Rally 5280; this upside move will trigger a strong squeeze pullback to Mean Sup 5178 and 5108. However, Spooz could go down to hit the two Mean Support levels from its current position...