The inversion of the yield curve often serves as a reliable indicator, suggesting an impending increase in the likelihood of both recession and market downturns in the foreseeable future To track this inversion effectively, you can subtracting the interest rates of the 2-year US government bonds from those of the 10-year bonds TVC:US02Y - TVC:US10Y When this...
Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
This provides a similar chart pattern in SPX in 2024 similar to 2023
The risk on trade allowed equities to bounce off of their recent lows which saw the SPX test the 50-day MA resistance level of $5,130. A failed break above this resistance rate will allow the index to fall further onto the 38.2% fibo retracement level of $4,822.
While we await earnings from Nvidia (on 22 May) that will be influential on future market direction, we move into the tail-end of US quarterly earnings, but also past a dovish Fed meeting, a strong US ECI report and weaker-than-expected US nonfarm payrolls and 2 hefty bouts of MoF/BoJ intervention. Yet, despite these landmines, a gentle calm descends over...
In my view SPX will recover 5260/70 area to target 5530 in july
According to the current data, we expect to see a rebound that could reach up to a price level of 5143.
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Using history and other TA I clearly show that we are about to have another leg up on the stock market with the SPX reaching around 5500.
Bearish Flag on S&P (340 Points possible!) Resistance at 5150/5170. It's 0.618 Fib Retracement from 1st April highs. A perfect ratio for a flag. TDI is at 51 level. It's movement below the MA (yellow) and the trendline will confirm the downside momentum. SL over Resistance level at 5170/5175 or opt. over the 0.786 Fib level at ca. 5210. Target at the 0.382 Fib...
Good evening to all, after a wave A is followed by B which is developing, and can reach the reverse of A measured as AND 88.6% fibonatsi, that is 5200 to 5230 then we have a wave C which can reach from 4913 to 4765 and maybe even lower.
Critical time ahead if there is to be a pullback. Likely Fed triggers final push before a potential reversal
Hello I have decided to share this chart as simp,e as I can because I just want to mention its markings. There is an alternative counting for this charrt that say this last upward trend was wave 5 (Primary) and then bearish market will start. I do not want to be dogmatic but it is not so possible because : - wave 4 primary corrected more than what I can accept it...
Hello! This chart highlighted the major things which that is the (Gap + VI) respected and resistance many time ..
S&P 500 Index 4Hour Timeframe RSI Moving Average Elliot Waves Overall Summary Hello and welcome back everybody! I hope you are doing good at today's monthly close! We are watching a 13$ S&P500 gain this month, which is absolutely crazy! Gains were possible, though the cliff to the downside looks scary as hell. Mixed feelings everywhere, uncertainty, fear but...
Technical Analysis and Outlook: The index reached our projected Mean Sup 5013 and swiftly jumped higher by suppressing our played-out interim Dead-Cat Rebound Mean Res 5110. Now, the index is moving to complete our Inner Index Rally 5175. This upside move will trigger a strong squeeze pullback to Mean Sup 5013.
Trade Recap on US500 03/05/24 Key Lesson for today - Understand the 5min story and the 1min story. Have Valid BOS, not just any random candles breaking structure.
Understanding the Interplay Between S&P 500, Core CPI, and the Non-Manufacturing Index The world of finance is a complex web of interconnected factors, where seemingly disparate indices can influence one another in unexpected ways. Among these, the S&P 500 , Core CPI ( Personal Consumption Expenditures Price Index ), and the Non-Manufacturing Index stand...