The market is still in a corrective/consolidation phase after the first leg down. Another test of the 61.8 and 78.6 fib zones could still be in the cards. This would be a bullish confirmation to the herd and they will, like always, line up to buy a euphoric high. The "financial pros" will also be there ready and willing to assist. While the higher timeframe...
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The S&P500 on the 1W time frame remains technically neutral (RSI = 51.005, MACD = 10.190, ADX = 35.849). Large reason why it has done so is because it has been ranging between the 1W MA100 and 1W MA200 for 22 weeks (154 days). That is a significant period that isn't that indicative of a bottom formation. There is still a large portion (could even be the majority)...
Technical Analysis and Outlook The Spooz upward trend was re-established on Friday and is trending to Mean Res 4015, extending its price action to Mean Res 4050 - however, the retracement to Mean Sup 3939 is predisposed.
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Anything can happen, but this is a bullish pattern coming from a downtrend. However it also means that if there isn't a bullish breakout, there's a long way down.
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This triangle on the S&P 500 is still holding. As long as it is still inside there is no way to be certain of direction. Look for a breakout and the re-evaluate.
Highlighted marks when 10y is in positive correlation. Most clearly recently since 10y made a H&S and came down. Rut has tightly correlated and followed 10y to new lows, while Nas has ripped (although the direction of moves in Nas uptrend has correlated.) Tech is in many ways a long duration bond- so should follow 10y notes and be inverse from yield. Rut is...
SPX500 - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Sell SPX500 Entry - 3924.9 Stop - 3954.2 Take - 3881.0 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
When Bank Safes Don't Feel Safe Anymore... Not just U.S. regional banks, but CreditSuisse the other day and now Deutsche Bank...investors seem to be wondering if they can feel safe with their banks, and that could lead to them first selling and then asking questions. So far, there doesn't seem to be much of a panic on the markets...yet. As we wrote in our...
SPX Is currently in a bear flag although it is breaking the supply curve. We are bearish unless the price finds support above the red box (4100)
I hope that after studying the series of posts about company financial statements, you stopped being afraid of them. I suggest we build on that success and dive into the fascinating world of financial ratios. What is it? Let's look at the following example. Let's say you open up a company's balance sheet and see that the amount of debt is $100 million. Do you...
Big level here for SPX. Could be a real make or break time for the downtrend. I think if we can hold inside of the last rally for a higher low and go through the spike high of the news at 4050 this would represent complete failure of the bear trend and open up a move to min 4400 and possibly to a new high. Min extension of a new high would be the bat pattern. If...