Updates for US 500 second Entry. I wouldn't have wanted to see this kind of consolidation so far why tomorrow is the CPI announcement. But it's what it is.
The chart above shows the S&P 500 (SPX) relative to the price of the 10-year U.S. Treasury bond (1/US10Y). As you can see, when adjusted in this way, the S&P 500's decline in 2022 is no longer apparent. This could be a warning that further stock market decline is to come. Let's walk through why this may be. First, it is important to understand that an interest...
Positioning for tomorrow morning's release of the March Consumer Price Index, traders have "coiled" the S+ P 500 into a pattern in which price can break either way,on Wed April 12 Simply put.... There is a bullish "Triple Bottom" at the 4070 area on the 10 Day/ 30 Minute Chart and that is driving " money" to buy the market today. Conversely, there is a...
Analysis ..................................................
SPx 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
With the US CPI due tomorrow and with the latest survey predicting that there is a 71% chance that the next FED rate hike might be another 25bps, I feel there is potential that S&P 500 could move higher in the medium term. The trend line on a daily is looking like a firm support for now and there are 3 of the ribbons moving in parallel which may indicate that...
Exuberant Pumping-up to Settle Back Into Reality? Day 7 In our trading plans published Tue. 04/04, we wrote: "With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would be...
The SP500 just saw a golden cross of its 50/200 day MA, and it is presently re-testing the top of its 200 day EMA. The 50/200 EMA has not yet crossed. Pattern on the chart is a falling wedge that has recently broken out. Targets point to a double top with either a slightly lower high if we reach TP 1, or a slightly higher high if we reach TP 2. Much of the...
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Over the past few years, financial markets have experienced various trends and movements, influenced by a range of factors. In 2021, one notable trend was a bull run in many markets, which was partially driven by a looser monetary policy from central banks aimed at supporting economic recovery during the COVID-19 pandemic. However, there were other factors...
S&P 500 critical points that may effect your day trading. Better pay attention to all the points as it has already a tendancy to breakout or breakdown after series of touches.
On 1H chart the trend is bullish, but even if it wanted to develop a bullish impulsive structure (i-ii-iii-iv-v), in short term, it would have to trigger a corrective structure (ABC Pattern, for example) with a Target around $4,100. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.:...
A positive trend has been observed in the last two months. As long as this trend remains inside the positive channel, Long. I do not recommend buying or selling, and it's just a viewpoint of my sight.
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Looks like a cup and handle breakout on the 4h. This is what I see right now... on paper the target is somewhere around 4400
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SP:SPX On April 6, the S&P 500 index (SPX) bounced back from a two-day correction, indicating positive sentiment among traders who buy on minor dips. The 20-day exponential moving average (EMA) is sloping upwards at 4,035, and the relative strength index (RSI) is in positive territory, increasing the chances of a rally towards 4,200. Although this level has...