Why am i speculating Against the Market at this moment: Tomorrow's Inflation (CPI) is expected to soar, thanks to the recent Oil price surge. This is a red flag 🚩 Ongoing tensions in the Middle East are adding fuel to the fire, causing market jitters globally 🌍 While rate hikes may be on hold, there's no sign of rate cuts either. Not a good look 👀 Let's Talk...
We've been stuck at 50% real valuation of '00 crash for 23 years. 2007, 07, 18, 20 and 22 crash all caped by the same level. Big questions is, up or down? For now down. 3M rejection and currently retesting until Jan. But if we break the ATH on the nominal SPX chart will be running hard! There you will have your blow of top. Not sure if project zimbabwe...
The impulsive structure up starts to seem unlikely. Overall, we believe there will be more upside but in a corrective way. This suggests that wave (4) in the higher time frame is not finished yet.
Yesterday () I said that despite the bearish price action etc, market gapped up instead of down which is a sign of bullishness. Also I said that market should move to 4360. It was much sideways before that though (unlike DAX) and even had a dip during European session, which was bought up. This is another sign of bullishness (that bears try to bring price down...
After those Put options went to the target: My timeline for SPY S&P 500 ETF after the CPI report on Feb 14 is this: 1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1. - The market will be exuberant afterwards and SPY will reach $431 by March 1st, thinking that the FED won the fight against inflation. 2. While inflation...
The S&P500 / US500 is trading inside a larget Bearish Megaphone pattern, which is rising lately to price a Lower High on the Falling Resistance. This creates the potential for two Channel Up patterns, a dotted one more aggressive and a dashed one less aggressive. The determining factor is the 4hour MA50. So far it is holding and favors the more aggressive...
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#stocks went from basing & curling higher to topping and rolling over. DJ:DJI had 5 green candle days. It turned to 3 red days. TVC:NDQ bounced nicely but it reversed the hardest and FAST. CBOE:SPX is in between both indices, CBOE:VIX had a GOOD day. WARNING!!! The more it hangs around here the MORE DANGER equities are in. Have a great week!!!
10/16 Weekly Plan. ES Futures December ESZ2023. Weekly Pivot is 4,350 Targets 4,419 9/20 gap bottom + 2Wk balance high zone. 4,494 prior 2 months balance HB 4527 weekly vPOC from 9/11 Targets 4,314 prior 10D balance zone half back 4,256 unfilled opening range dominator from 6/2 + 2Wk balance zone low ...
On Friday, I gave a long 4340 for a move to higher and a short 4380 for a move down () . Both trades would have worked out; though eventually, it was the bears who won. As mentioned in my NDX plan, should not have faded the bearish price action of Thursday; as in, probability of a bearish continuation is higher than that of a reversal back up. Weekly price action,...
SPY reached the middle of one pitchfork and the bottom of another pitchfork. From here, it looks up. This is based on technicals only and fundamentals may obviously affect the market beyond that.
Hello traders as you can see in my analysis it seems like spx500 has changed from an uptrend to a down trend forming a head and shoulder a classic bearish reversal pattern . i believe the price is being influenced by the dollar monetary policy and the situation in Palestine so watch out for that . but technically speaking , the price is coming down. please...
In the higher timeframe, we have completed a WXY correction and this can be the end of wave (4). However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we will probably see more downside as a wave (4) and take out the low.
A simple Bitcoin-to-S&P500 ratio gives the grand idea of what's about to happen in the markets in the following weeks. The ratio is about to form a 1day MACD Bullish Cross, much like the one on January 20th 2020, on the exact same zone. As today, it was the time the price was between the 0.5-0.236 Fibonacci range and as it approached the Halving, it want for the...
S&P 500 E-mini Futures (ES1!) bouncing off the 0.5 Fibonacci retracement level prompted us to introduce an aggressive trade setup yesterday, with a short entry below this level and tight stop-loss above it. After that, we wished to see a surge in VIX, which subsequently materialized, and VIX skyrocketed more than 17% within two hours or so. Today, to further...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 10/13 Today marks the kick off of the Q3 earnings season, and a potential inflection points in the geopolitical risks with signs of potential ground operations to begin by Israel in Gaza. Geopolitical risks, high interest rates, sticky inflation - reiterated by this morning's CPI numbers, extremely strong jobs market,...
The primary level yesterday plan was 4430-4450 zone which was expected to be resistance for longer time frames as well as for the intraday session. We could barely do any trading above this level and we traded down into 4400 even before the cash session opened for business. 4400-4410 has even an important level for past few sessions and I expected some support...
The S&P500 index (SPX) has been trading within a Channel Down since the mid-July High. Last week though made a strong reversal on the 1W MA100 (green trend-line) and the 1D MA200, closed the candle in green and is about to do so again for the 2nd straight week today. Ahead of a 1W MA50/100 Bullish Cross (the first in 7 years), this Channel Down can be interpreted...