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...
U.S. Index Futures Edge Higher After Weeks of Gains Futures for major U.S. stock indexes saw a modest increase on Monday, building on several weeks of consecutive gains. Investors are now focusing on key inflation data due later this week, which will help determine the likelihood of interest rate cuts within the year. The price is anticipated to continue its...
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...
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...
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...
the chart posted is that of the spy it is nearing the end on the first leg down in a wave A and is taking the form of an abc decline into spiral f9 and a high due in the vix cycle 4/15/4/17 put calls have decline well into the cycle and now over bought conditions have as well . I look for a rally to at a min .382 up best of trades Wavetimer
The SPX appears to be in the mid phase of an Elliott wave Expanding Flat. If a peak is made it will be labeled as Primary wave “B”. The next move could be a multi-month drop to at least the October 2022 bottom. A Common Fibonacci relationship between wave “B” and wave “A” in an Expanding Flat is wave “B” 1.382 the size of wave “A”. The January 2022 to...
SP500 Index NewForecast (Structure: Short ) The price has dropped and continues to do so as we predicted, aiming for a retest at 5302 and 5281. It has already reached 5302 and is now moving towards 5281. Currently, the SP500 is undergoing a corrective retracement targeting 5281. At this point, we should monitor whether it breaches 5281. Stability below 5281...
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...
It has been sometime But I think this is a good time to post the chart We are nearing the End of the cycle and pt 23 .I feel this move since oct 13 2022 was the Last bull phase since I wrote the forecast dec 8th 2021 .for oct low 2022 target 3511/3490 . best of trades WAVETIMER
Pair : SPX500 Index Description : Completed " 123 " Impulsive Waves Demand Zone Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure Fibonacci Level - 50.00% / 61.80%
S&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
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...
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...
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...
Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal...