The inflation rate, CPI, and retail sales for the previous month will be released tomorrow. The general market expectations are that the inflation rate advanced higher by 0.4% MoM and 3.4% YoY in April 2024. The CPI is forecasted to come in at 313.75, and retail sales are expected to soar by 0.4% MoM, slowing down from an increase of 0.7% in March 2024. However,...
SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,207.14 which is a pullback support. Stop loss is at 5,150.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 5,282.20 which is a pullback resistance that aligns with the...
SPx New Forecast The price is anticipated to approach the resistance levels at 5267 and 5280 before declining to 5249 and 5196. However, the Consumer Price Index (CPI) will have a significant impact on the market. With expectations set at 3.4% or lower, this could bolster bullish trends for indices to reach 5280. Nonetheless, if the CPI is released at 3.4%, the...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
Stock Index Futures Show Little Movement Ahead of Key U.S. PPI Data and Powell's Remarks Federal Reserve Vice Chair Philip Jefferson emphasized on Monday that maintaining current interest rates is prudent until there's clear evidence that inflation is on track to meet the Fed's 2% target. Describing the Fed's policy stance as restrictive, Jefferson voiced...
Last week, I shared my views on the SPX500. The first liquidity zone I was aiming for was $5219, which has now been reached. So there are only 2 important liquidity zones left before the ATH! ✅ 5243$ ✅ 5265$ So I'm going long on the SPX500! A slight retracement to $5146 could be an interesting entry point for a purchase. Feel free to subscribe and boost this...
Federal Reserve Chair Jerome Powell emphasized the need for continued patience in monitoring inflation trends during his remarks at the Foreign Bankers’ Association's annual meeting in Amsterdam on Tuesday. Powell highlighted that while there was some easing of inflation in the U.S. last year, the first quarter showed unexpectedly high inflation rates, which were...
#US500.. S&P - market very well holing his supporting areas and grinding higher highs. now market still consolidate from last couple of sessions, keep close it guys because if market hold his current resistance area that is 5235 around then drop expected from here, keep close it and don't be lazy here..
S&P 500 INDEX OANDA:SPX500USD New Forecast The price has breached the resistance zone and continues its upward trajectory, aiming to reach 5249. We anticipate a minor correction to 5225 before the price ascends further towards 5249, and potentially beyond to 5280. Conversely, a consolidation below the levels of 5224 and 5218 could indicate a downward movement...
In every even year S&P 500 reaches its ATH in Q1, which is followed by rapid and deep decline. Why can it crash? Look how similar S&P 500 behaviour between May 1986-December 1987 and October 2022-February 2024. The 1987 crash started on the way from 1.414 to 1.618 fibo. If the S&P 500 hasn't already topped on Feb 2 with a value of 4975, then the price range...
This is what I'm seeing rights now a regular flat of wave 4. it might push to 5350 as an expanded flat wave. 5350 will be the invalidation of the idea of wave 4.
U.S. Index Futures Edge Higher After Weeks of Gains Futures for major U.S. stock indexes saw a modest increase on Monday, building on several weeks of consecutive gains. Investors are now focusing on key inflation data due later this week, which will help determine the likelihood of interest rate cuts within the year. The price is anticipated to continue its...
Equity markets continue to be wrapped into the story of potential rate cuts in the US. The optimism which pushed the S&P 500 toward the level of 5.222 for one more time, was halted on Friday by the much worse than expected Michigan Consumer Sentiment index preliminary for May. Based on these readings, economists are noting a switch in the consumer sentiment in...
SPx New Forecast The price reversed and stabilized at the bullish zone because already at the pivot line which is 5120, so stability at this area means will continue the bullish trend to get 5177 and then will move between 5177 and 5120 till breaking should stable under the pivot zone which is between 5120 and 5103 to be downtrend till 5080 Pivot Line:...
S&P500 Currently, there is a bearish trend projected to reach 5190 from the pivot point at 5225. However, if it breaks above 5245, confirmed by a 4-hour candle closing above this level, it could potentially target higher levels at 5261 and 5280. Key Levels: Pivot Line: 5225 Bullish Lines: 5245, 5261, 5280 Bearish Lines: 5190, 5168, 5150, 5099
Hi traders, Last week SPX500USD went up. For next week this pair could go up a little more before a small correction down. Trade idea: Wait for a correction down to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next...
Technical Analysis and Outlook: The index reached our projected Mean Res 5200 and swiftly jumped higher to press on to our Key Res 5260 and anticipated outcome of Outer Index Rally 5280; this upside move will trigger a strong squeeze pullback to Mean Sup 5178 and 5108. However, Spooz could go down to hit the two Mean Support levels from its current position...
The yellow channel represents a rollover of the linear regression if we do not break all time highs. The top of the rollover channel was almost tapped today giving me confidence in the trade. I will remain short until either the weekly slow-stoch re-embeds above 80 or we break an all time high. If we get the roll over into the yellow-lined channel; then the...