Its going to be a big day in the market, lets check out the levels
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The S&P500 is testing February's LH trendline again for the first time since March 6th on strong bullish 4H tech (RSI = 64.370, MACD = 14.890, ADX = 34.844). This is also where the 0.5 Fibonacci level is and right over it the 4H MA200. We will target R1 if the LH breaks (TP1 = 4,080) and R2 (TP2 = 4,160) as long as the 0.618 holds upon re-test. ## If you like...
Still looks like a B wave to me, with a C to follow. They are chopping everyone to pieces with the bad news/good news before the C down. We could have a minor sell off overnight and rally into fomc ( to around 4k) or the E wave may finish tomorrow and FOMC will kick off the C wave. Either way I believe any rally higher is a chance to collect shorts. The structure...
Structure is currently Bullish, Looking for potential distribution above the highs, The Daily timeframe is at a beautiful LH area. The 4h has huge IPA above that it can distribute out of.
The "short covering rally " continued today, with the S+P moving all the way up to big 4000 Resistance. With sentiment so bearish, bank failures you know can do that, the stock market is doing it's absolute best to crush the shorts prior to the FMOC Announcement tomorrow on interest rates. Note the VIX getting hammered,down 10 % today, and the sharp move down in...
Not Financial Advise Learn How to Trade Crypto (without all the complicated terms and pattern memorization) This is a place to talk about trading strategies. The PERFECT place for Beginners and Seasoned Traders!
In this financial outlook, we cover the most important pairs from the Forex, and Stock Market as well as the most important Cryptocurrencies.
Volatility has surged as markets digest the fallout of the Silicon Valley Bank collapse, and mull over potential spill-over impacts.
as i wrote before, for me its really important to see that we are above 4022 price to say we are kind of Bullish. right now its a roller coaster ) lets see whats gonna Powell say tomorrow))
US500 - 22h expiry - We look to Sell at 4018 (stop at 4057) Buying pressure from 3867 resulted in all the initial daily selloff being recaptured. An overnight positive theme in Equities has led to a higher open this morning. A move to 4022 will form an intraday bearish Gartley pattern. There is scope for mild buying at the open but gains should be limited....
It's not unreasonable to be bearish these days. I don't have a very positive outlook for macro or vol events. One frequent reader I chat with asked me if I could look at the market and what I thought would happen from a purely technical analysis. I gave him this inverse head & shoulder on Mar 15th. s3.tradingview.com I was convinced the market would not...
Don't be fooled by NOMINAL rallies for US equities. They have ALREADY broken down versus inflation and have not hit any MEANINGFUL capitulation lows yet. Worst is yet to come. #inflation #fintwit #spx #recession #spx #gold #silver
Second entry to the short I took on 3/7/23. Entry 3995-4005 Stop 4020 Targeting 3426.80
Good morning and welcome to episode 809 of ‘Talking Bull’. Here are the latest headlines today, Risk conditions continue to dominate Global equities rally Swiss franc loses ground Markets on alert for Fed leak RBA considers rate pause UK government borrow
As the market anticipates the upcoming Federal Open Market Committee (FOMC) meeting, investors are keeping a close eye on key levels and stocks that may experience significant movements. In this article, we will discuss the potential scenarios for the S&P 500 Index (SPX), Nasdaq 100 (QQQ), and several prominent stocks, as well as the importance of the FOMC meeting...
Tune in and find out my thoughts and ideas about the market across the major currency pairs, commodities, and cryptocurrencies
really important to close weekly / monthly candle above this price (4022). so far i didnt like how the weekly cnadle closed last week. but the fact that MMs are still holding the price of spx above 3800 really interesting.