This ES1 chart is the six + Europe and Asia trading sessions.
this hasn't corrected properly in over a decade.... and this is what it looks like when they print trillions out of thin air, as "aid for Ukraine" which is then spent entirely on weapons or infrastructure supplied by our military industrial complex. we were warned about this shit. Orwell, ...
Economic events:
USA - ADP Nonfarm Employment Change (Apr)
USA - S&P Global US Manufacturing PMI (Apr)
USA - ISM Manufacturing PMI (Apr)
USA - ISM Manufacturing Prices (Apr)
USA - JOLTs Job Openings (Mar)
USA - Crude Oil Inventories
USA - FOMC Statement
USA - Fed Interest Rate Decision
USA - FOMC Press Conference
On Tuesday, the S&P 500 underwent a decline,...
Amazon announced its earnings for the first quarter of 2024 yesterday after the closing bell. The company reported net sales worth $143.3 billion, marking a 13% YoY increase, and net income of $10.4 billion, up 225% YoY. Operating income rose to $15.3 billion, representing a growth of 218% YoY, with the AWS segment contributing $9.4 billion to the figure and...
SPX has possibly completed forming Waves A and B of a complex expanded flat correction, and may be near starting its Wave C.
More likely this is the case should TVC:DXY continue up to and above 112-115. See related chart linked below under related ideas.
Another possibility is a running flat correction where it turns back up near the 100% fib instead.
The chart posted is my view of the wave structure it is forming . We had two legs of equal in the sp 500 up into 5123 from 4954 .I would be rather bearish BUT cycles are in a time frame coming up and I think I would see a rather complex structure in formation . We have had a.7.3 % Correction >So I have now taken a 40 % net long I did want to add at 5061/5058 ...
Sharing AMZN chart from the TTR
We are short as of high of the day
AMZN reports after the close
The price has re-tested the broken ending diagonal channel from below, a bearish signal by itself.
I will take one lotto put. Implied volatility for AMZN stock is about 8% in either direction
The SPX500 has lost momentum since yesterday. If the hourly RSI remains below 50, we may see lower prices in the short-term.
Keep an eye on the daily RSI because if that slips it will affect the higher time frame's momentum.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM...
Trading Plan for Tuesday, April 30th, 2024
Market Sentiment: Bullish, within a consolidation period likely followed by a breakout. Exercise caution and patience with trades.
Key Supports
Immediate Supports: 5127-30, 5121 (major), 5108
Major Supports: 5083 (major), 5067 (major), 5039 (major)
Key Resistances
Near-term Resistance: 5136, 5150-55 (major),...
AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger.
If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530.
Another possibility, is...
The daily chart has been bouncing since moving oversold around the 19th of April. The daily RSI has now moved to the positive side of the indicator.
The SPX500 hourly chart still shows signs of positivity. Its stochasstic indicates a bullish momentum, with no short-term oversold signals.
This video is intended for the users of Stratos Markets Limited, Stratos...
Trading Plan for Monday, April 29th, 2024
Market Sentiment: Bullish, following a multi-day rally. However, proceed with caution as a period of price discovery and more complex action is likely after the strong movement.
Key Supports
Immediate Supports: 5127 (major), 5117, 5102 (major), 5089 (major), 5082
Major Supports: 5068-72 (major), 5043 (major), 5034...
While volatility pulled back following a spike earlier this month, this week will put it back to the test with the FOMC meeting (on Tuesday and Wednesday) and economic releases throughout the week, including S&P Global Manufacturing PMI, ISM Manufacturing PMI, JOLTs job openings, S&P Global Composite PMI, S&P Global Services PMI, ISM Services PMI, nonfarm...
Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
1.
Price swept a lot of low resistance
lows with this bearish impulse, and
created a new Swing Low. This is the
External move.
2.
Price retraced to the -FVG, a
premium PD Array. This is an
Internal Range Liquidity move.
Expecting price to wick up past
the PDH, but close inside the
-FVG, and potentially end the
retracement. Bearish PA should
follow.
Price is in...
Last week brought huge earnings reports for some of the big US tech companies, with mixed reactions. We saw META lose 7% during the previous week after a great earnings report, and Alphabet (GOOG) soaring 10% on Friday. Next week, we will see earnings from Amazon (Tuesday) and Apple on Thursday as well as other large cap earnings reports. Will the market be...
Yesterday’s financial print in the United States revealed a notable decrease in the GDP growth rate on a quarterly basis, coming down from 3.4% in 4Q23 to only 1.6% in 1Q24. This figure was well below market expectations of 2.5%, which spooked investors and led to a sudden drop across U.S. stock market indices. Nevertheless, by the market close, the SPX recovered...
Markets are liquid. Liquids, by definition, move.
Some of them have moved tremendously well.
These liquids got so strong that they are now considered to be gasses.
Unfortunately for them, gasses are not very dense. They are light and weak.
Apple is the prime example of this important paradigm change.
Until ~2005 Apple tried to strengthen and it magnificently...
