Mike_SnD

Mike_SnD

The S&P 500 has been on a stellar rally this year, rewarding long-term investors who bought and held through market turbulence. However, the current technical and macroeconomic setup suggests a possible correction could be on the horizon. Here’s how to approach it strategically. 🛠️ Technical Analysis from the Chart: 1️⃣ **Resistance Zone (6025-6050):** -...

Mike_SnD

Looking at historical events, Specially heading into 2025 as a year where we could see sharp declines in the stock market as rebalancing commences early in 2025. The US dollar has enjoyed a lot of support over the last couple of months. and could still enjoy more, but as a long term investor and position trader im not interested in buying USD at these levels as...

Mike_SnD Updated 

💥 GBPUSD is flashing strong SELL signals! 💥 📊 This week, the pair has shown clear signs of weakness, with momentum favoring the downside. Any sharp pullbacks could offer prime SELL opportunities. The market is positioning itself for what could be a significant move lower, so stay alert for the next bearish wave! 🔻 🚨 Trendline Traders, Beware! 🚨 If you're only...

Mike_SnD

💥 Get ready for a potential massive move on USDCAD! 💥 📊 This week, USDCAD printed a fresh IFVG (Inefficiency Fair Value Gap), signaling a trend reversal. What does this mean? Buckle up, because I believe we could be headed for 1.5400 📈 in the coming months, with a relatively equal high target at 1.4800. Any sudden dips in USDCAD are golden BUY opportunities! 🔥 💡...

Mike_SnD Updated 

Pair: GBP/JPY Timeframe: Daily Current Price: 191.240 JPY Active Trade: Entry Point: Long entry around 181.337 JPY, triggered based on strong bullish reversal signals. Stop Loss: 178.109 JPY (below the support zone). Take Profit: TP1: 191.000 JPY (near the current price level) – TP1 has been reached. TP2: 195.768 JPY (previous support turned...

Mike_SnD Updated 

Hey traders! Let's break down what's happening with EUR/USD using the latest COT data, seasonality, and technical analysis. We’re seeing a mix of signals, with bearish short-term pressures but potential long-term opportunities. Let’s dive in! 🔍 📊 COT Report Breakdown (As of August 27, 2024) 📊 Commercials: Big increase in shorts (+47,576), signaling bearish...

Mike_SnD Updated 

Market Overview: As we enter September, the U.S. Dollar Index (DXY) is positioned at a critical juncture. After experiencing a significant decline throughout the summer, the index found support in the discount zone around 100.000 to 102.000. This zone has historically provided a strong base for potential rebounds, but the broader bearish trend remains a key factor...

Mike_SnD

Hey traders! Let’s dive into gold's outlook from both a speculative and long-term perspective. Based on the latest COT report, seasonality trends, and technical analysis, here’s what we’re seeing: 🔍 COT Data Insights (As of August 27, 2024) 🔍 Commercials: Increased short positions (+4,683) while reducing longs (-1,130), signaling a potential bearish outlook...

Mike_SnD

Overview: The S&P 500 is showing a potential bearish setup over the next 3-4 weeks based on fundamental economic data, seasonal trends, and market positioning. Combined with technical analysis, this trade plan outlines a short bias, with key profit targets at significant market levels. Fundamentals: Several key factors suggest potential downward pressure...

Mike_SnD

Overview: Renegen Limited has recently made headlines by successfully bringing its liquid helium (LHe) production train online at the Virginia Gas Project in South Africa. This is a significant milestone, positioning the country among a select few capable of producing liquid helium for the global market. With the Phase 1 plant now fully operational and...

Mike_SnD

Remember the wild rollercoaster that was GameStop (GME) back in 2021? Well, buckle up because this epic saga is still unfolding, and the thrills aren't over yet! From meme stock mania to where we are today, GME continues to surprise and entertain. Here’s the latest on everyone’s favorite stock market drama. 🕹️ Key Levels and Where We Stand: 🏔️ Premium Zone...

Mike_SnD Updated 

Seasonal Outlook 🌦️ June has historically been a challenging month for silver. Seasonality analysis suggests that silver often experiences weakness during this period. Various factors, including market liquidity, investor behavior, and macroeconomic conditions, contribute to this trend. As we enter June, these seasonal patterns may play a significant role in...

Mike_SnD Updated 

Today, I entered a long position on the S&P 500. The reason? We hit the take profit target earlier this week, which justifies a counter-trend trade back to the weekly central pivot. Timing is key, and with this setup, the potential for a strong move back to the pivot makes it a solid opportunity. Let’s see how this plays out! Stay tuned for more updates and...

Mike_SnD

Last month in July, I posted that we would see a rally in the S&P 500, which hit a monthly take profit zone and aligned with the yearly take profit zone. Now, with the recent drop, the big question is: is this a crash, or just seasonality and money managers doing what they do best—taking profit and rebalancing? 📉 On January 1st, 2024, we anticipated profit-taking...

Mike_SnD

🌟 Dollar Weakness Expected 🌟 As discussed, we're eyeing a major move in the DXY 📉 due to lower inflation expectations. However, watch out for a potential bounce at 102.629! 👀📈 🕵️‍♂️ Key Chart Insight 🕵️‍♂️ The daily chart is our go-to for analyzing the dollar and other currency indices. It provides the clearest picture and ensures our trades are high quality....

Mike_SnD Updated 

Hey traders! 🌟 Let's dive into the fascinating world of the US 10-year Treasury yields and their ripple effects across the financial markets. Buckle up! 🚀 The Bond-Yield Symphony 🎻 US 10-year yields are like the heartbeat of the financial markets. 💓 When they move, everything else follows. Here's a quick rundown on how these mighty yields impact commodities,...

Mike_SnD Updated 

Last week, the price of USDMXN rejected the significant psychological level of 19.00. From the COT index, we observed that the pair had been muted for an extended period. However, I saw value in buying MXN leading into July. 🌞 🚨 Trade Update: The trade is currently running 597 pips in profit! 🎉 Stop Loss: Moved to 18.62 to lock in profits. Take Profit: Adjusted...

Mike_SnD Updated 

Current Market Context: Friday's Decline: Gold price declined by 3%, taking equal lows at 2312. H4 Chart Observations: Imbalance: Seen at 2348, above price equilibrium. Supply Zone: Noted at 2369.685. Technical Analysis: Correction Completion: The correction completed below 2312, suggesting a potential reversal or upward impulse. Extended Stop Hunt: We had a...