beatingdowjones

beatingdowjones Updated 

WEEKLY SP:SPX UPDATE pivotal week ahead expecting reversal of intermediate uptrend with important signals for #consumption #china #housing and #inflation watch out for... Tue: #ConsumerConfidence Wed: #ChinaPMI Thu: #PCE Fri: #PMI #PowellSpeech still flat - short entry imminent

beatingdowjones Updated 

i am expecting further weekness in copper notations due to further downward-adaptions of growth expectations related to covid-reopening-demand for the upcoming few weeks. long term expectations of commodity demand remain solid. but in the shorter term i suspect downward risks to be bigger than upside potential.

beatingdowjones Updated 

SPX currently trades in heavy accumulated volume zones. No easy way out expected from here to the upside. Very near the right shoulder's resistance line. I expect limited upside potential. Watching out for 3921.50 which also figures as upper stop limit for the trade. Expecting prices to move very gradually upwards until the PCE figures. Watch out for some good...

beatingdowjones Updated 

waiting for confirmation of breakout in t-bond or oil before entering ES Long