Hey my fellow traders! How's it go? Hope all of you are careful out there and making profits $$$. Some of you might be getting overwhelmed by some choppiness and rumors coming from all directions. I will do my best to share my spin on what I see on the charts and give some of you a perspective you might not have visited yet. Let's take one bite at a time so...
There were some wild moves across US stock indices last night as investors responded to the Federal Reserve’s FOMC statement and Fed Chair Jerome Powell’s subsequent press conference. The major indices were in negative territory ahead of the rate announcement, but then bounced sharply after the FOMC left rates unchanged as expected, and on the back of a benign...
The S&P 500 (US500) has made a bullish bounce off the pivot. Could this index continue climb higher towards the 1st resistance? Pivot: 4,956.50 1st Support: 4,847.20 1st Resistance: 5,223.68 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...
With the FX:SPX500 facing declines and more bearish setups since the past 5 weeks (or one Month) more of it is yet to come! According to my analysis and market perspective, The stock market would likely be hit with bearish signals and signs starting from the early days of may 2024. In a technical description, price has failed to rally above the last key level...
This count has primary wave 1 peaking in October 2007, wave 2 a zigzag down to March 2009 low, wave 3 peaking in September 2018, wave 4 an expanded flat bottoming in March 2020 (COVID-19 low), and wave 5 peaking in January 2022. This would complete a full impulse from ATL to ATH. After January 2022 (which would be wave 2 of largest degree), I have what looks like...
This very rare event only happened 3 previous times in 140 years! Bookmark this chart, as it's one of the most important macro cycle chart out there. #Spx priced in #Gold's 7 year rate of change giving a very clear indication that a precious metals bull era can embark. Oh man!
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...
Today, as a good Friday of results, the US market started upwards with the expectations of the 7 majors providing bullish joy in its premarket, despite the fact that important companies such as Intel or Hertz are not giving good data in their quarterly report. Mostly technology and services stocks have had mixed results, but the Oil & Gas sector has been...
A correction is coming soon. Maybe started this week. How low will it go? Nobody knows. So many Bearish Posts. Permabears predicting cataclysm. The End is Near! Doomsayers who repeatedly forecast massive crashes will eventually be right, once every 15-20 years. Almost always these guys are just plain wrong. Markets exist to print money. Money prints when...
Here we are once again. Another bear market? What do you think? 2-3 years? What is S&P 500? The S&P 500 is a market-cap weighted stock index constructed to track the share price performance of the top 500 large-cap U.S. equities.
From the chart it looks like the S&P is forming a bear wedge. This is a continuation pattern. At the end of the week, the 50 moving average did not break. If we break above the 50 moving average, that looks bullish to me. If we break above the flag, then it will be more bullish. In the short term, therefore, the situation is bullish.
Possible Setup. Higher TF is bearish based on price action. Market reacting to fib area. Let's see if the sellers are in for the downside
Which way do we go from here? Up or down? RSI, macd and chart pattern all point to breakouts but either way seems possible at the moment...
Please pay special attention to the very accurate trend, and colored levels. Be careful BEST MT
Today felt a bit fast. Big day for volatility tomorrow with FOMC. There is a chance that we just fallout from here, but something tells me the bulls want to attempt one more time off this 5026 level.
multiday short trade on sp500 . Tp at 4700 today's candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish leg. possible target 4700 points.
Today, the chart formed a big bearish candlestick and I personally preferred to close all positions. Is the chart going to touch 4820-4800? I hope not. For now, I will watch the market until I am sure of the upward trend of the market.
S&P 500 (SPX) - May 6th Week Ahead Bullish Forecast This week, we've observed a bullish signal with a weekly harami candlestick pattern, indicating potential upward momentum. Here's the forecast for the week ahead: Short-term Outlook (May 6th Week): We anticipate the S&P 500 to continue its bullish momentum, aiming for new highs. The weekly harami bullish close...