At the end of last week, sellers confirmed weekly consolidation by closing below the previous week's low. From now on, bears have control over the price on the weekly timeframe. We should monitor the progression of weekly lows and highs to see when things start to shift, but until then, we should trust the sellers.
It is also notable that if we look at the futures...
Despite short-term challenges like revenue and earnings declines in the current quarter, Pfizer (PFE) maintains a positive long-term growth trajectory. With optimistic earnings estimates for the full fiscal year, consistent EPS beats, and a discounted valuation relative to peers, Pfizer represents an attractive investment opportunity.
Trade Idea: Buy Pfizer...
Our last call on the S&P500 (SPX) couldn't have gone better as the Bearish Megaphone pattern we expected (April 05, see chart below) was eventually materialized and easily hit on Tuesday our 5050 Target:
At the moment the index is below the 1D MA50 (blue trend-line), which has been the main Support since November 03 2023 and is headed towards the 1D MA100...
Daily/4h time frames analysis for US100.
Price action & key levels.
Directional bias.
Thoughts.
Trading plan.
❤️Please, support this video with like and comment!❤️
S&P500 has formed today a Death Cross on the 4H timeframe after 8 months (August 14th 2023), turning bearish on the 1D technical outlook as well (RSI = 37.122, MACD = -81.00, ADX = 53.782) as yesterday it crossed under the 1D MA50 for the first time since November 3rd 2023. Both are technically very bearish developments and according to the last 4H Death Cross, we...
By examining the ES1! 4-hour chart (S&P), we can figure out that, the market structure is bearish, so we looking for a sell position.
In that case, the price had a bearish reaction to all of the bearish Pd Array, so we can expect a bearish reaction on the balance price range (BPR).
In my perspective, sell-side liquidity is a draw on liquidity. Until this...
After quite a long consolidation within a wide horizontal range
on a daily, US100 index violated its support.
That violation is an important sign of strength of the sellers.
It may trigger a correction lower, at least to 17500.
❤️Please, support my work with like, thank you!❤️
The markets have come alive with the sound of derisking, deleveraging, hedging and broad managing of risk exposures. Friday was about managing risk going into the weekend, but today was different and the move could have legs - where for many playing defence has been the order of the day, while we have also seen traders getting aggressive, with shorting activity in...
Efforts are underway to head off a full-blown Middle East war.
What’s Happening Now:
A tense calm prevailed in the Middle East after Iran’s missile and drone attack on Israel. Global markets showed signs of stability on speculation the conflict will remain contained.
Iran said there wouldn’t be further attacks as long as Israel didn’t react aggressively,...
The SPX retreated nearly 3% from its all-time highs following last week’s print showing a higher-than-anticipated Consumer Price Index (CPI) for March 2024. This marks a second consecutive month of accelerating CPI in the United States, which presents an obstacle for the FED in its more than two-year-long battle against inflation. Plus, it makes it increasingly...
The S&P 500 (US500) has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance.
Pivot: 5,117.40
1st Support: 4,956.50
1st Resistance: 5,263.47
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 Forex and CFDs may not be...
Here is our detailed technical review for US500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5122.2.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5315.3 level soon.
P.S
Overbought describes a period of...
Hey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area.
We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong...
Bulls defended the weekly low and made a convincing breakout yesterday. This is a powerful statement, although buyers have not yet proven their control. To do that, they must first establish a weekly higher low, which is likely to happen next week (of course, we need to monitor how things develop). This presents a great opportunity for a long play, but buyers...
Last week was marked by the aggressiveness of sellers and the resilience of buyers. On Monday Buyers were ideally positioned for another break out but they didn’t have enough steam to accomplish it. Sellers, long awaiting their opportunity, pushed the price down, breaking the weekly support. However, they couldn’t develop this into something more significant, as...
The S&P500 index is trading inside a Channel Down.
Every break over the MA50 (4h) forms its Lower High and is a sell signal.
Trading Plan:
1. Sell on the current market price as it is over the MA50 (4h).
Targets:
1. 5125 (expected contact with the MA50 1d).
Tips:
1. The RSI (4h) is on a Rising Support, which is a Bullish Divergence in contrast with the Channel...
Here is our detailed technical review for US500.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5203.9.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5153.7...
SPY broke below the (blue) Channel Up and the only Support standing now is the 1D MA50 (blue trend-line). This level has been holding since the November 03 2023 break-out. If it holds, a new pattern will emerge but the medium-term bullish trend will stay intact.
If the 1D MA50 breaks though, we expect a bearish extension similar to August 15 2023, February 24...
