SPx Inflation will affect the indices so be careful. stabilizing above 4122 will be bullish to get 4142 and above it 4155 but stabilizing under 4101 will be bearish to get 4086 and 4060 The movement range will be between 4102 and 4124 Pivot Price: 4101 and 4122 Support prices: 4075 & 4060 & 4040 Resistance prices: 4142 & 4155 & 4155
Irregular TRIANGLE still in the cards for US500 CPI NEWS incoming today and this could trigger the start of a NEW SWING LOW.
We are getting ready to enter Stage 3 of this Inflationary Bear Market. History has shown us that in order for inflation to cool down, interest rates must surpass the inflation rate. Currently, FEDFUNDS is @ 5% and US inflation (YoY) is at 6%. Looks like, Inflation may have peaked but since mid-March, USOIL has gained 25% off the lows on news that the OPEC...
Chart: QQQ daily and 15 mins As we predicted, QQQ give a shooter on daily chart, which can be interpreted as "market is struggling and choosing direction". Today, all eyes will be focus on March CPI data and FOMC mins. The inflation data due out on Wednesday will offer a signal as to whether the central bank will raise or pause interest rates in May -- one of...
Price seems to be developing corrective at the moment. Overall we remain neutral. We'll give it some time before committing to any trade setup. If we can get a corrective structure development from here, we can expect more upside.
Assuming all of the economic data released, as well as external factors from Fed to geopolitics we can assume a continued fall. Key data points: Dropped 20.9% in 119D Using this data, as well as the Moving Average, we can see the S&P falling below 2,500 by years end (1700-2200) area. MACD has also crossed. The S&P was the index that held up the best which...
For the next few hours, we'll be looking for "sniper entries and exits" that will allow us to take advantage of the volatility during the cross session of London and New York
Price consolidated since my last analysis. No changes to my expectations, expecting price to make a bearish retracement into the bullish POI at 4039.49 before we see if price will continue higher from there.
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A lot of announcements coming Wednesday the 12th, this coincides with what I have predicted to be the top of this swing. Therefore as a reaction to the news which I assume will not be great, a drop back drown to support levels. I sold out of a lot of my equities, besides my LTH, and will buy some BOND ETFS, and perhaps Silver and Gold ETFS, as they do look like...
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From a professional trading perspective, bear markets are defined by a 20% fall in an index from it's high. The SPX High was reached on 04th of January 2022 trading at 4819. To calculate the bear market level multiply 4819 by 0.8 = 3855. The bear market level was reached on the 13th of June 2022 with a close of 3748. The SPX low was reached on the 13th of...
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For the next 4 hours, we'll be looking for "sniper entries and exits" that will allow us to take advantage of the volatility during the cross session of London and New York
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In this webinar we will take a look at some interesting developments on different markets, and where the market can move this week based on price action and sentiment.