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Weekly Forex Forecast Oct 28th: S&P500, NASDAQ, & DOW This is the Weekly Forex Forecast for Oct 28 - Nov 1st. The S&P500 and NASDAQ are neutral at the moment, but the trend is bullish. Patience will pay off if we wait for confirmations to bullish orderflow. The DOW is looking weaker than the other two. It is clear the short term profit targets are to the sell side liquidity. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!
by RT_Money
2
S&P500, NASDAQ, & DOW JONES Weekly Outlook Oct 21The 3 Indices are in position to move higher. I am looking for buys setups, as my bias is bullish. My first targets are the PWHs, and potentially ATHs. I've included some notes on how I project bullish targets above ATH's. Tell me what you think of it in the comments section. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
WEEKLY FOREX FORECAST SEPT 7-11th: SP500, NASDAQ, DOW JONESThe 3 Indices are in position to move higher. I am looking for long setups only, as my bias is bullish. My targets are the PWHs, and potentially ATHs. My bias changes with a break below the Weekly FVGs. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
This is NOT Bullish for the Stock Market!This week The Fed lowered rates and everyone was "SURE" that this would lead to a huge market yeet in stocks and Bitcoin INDEX:BTCUSD ... but are we getting it? Price closed the week with an attempt to break higher on the S&P 500 futures CME_MINI:ES1! BUT closed BACK INSIDE the prior All Time High. THIS is a key sign of a potential reversal. In this video I look at similar instances to demonstrate how this simple element of price action is often all one needs to correctly identify reversals whether it is Bitcoin, individual stocks, or the market as a whole!
CME_MINI:ES1!Short
by norok
8
Keep It Serious Simple (S&P and Nasdaq Correction Levels)A quick video to summarize the hours and hours of live sessions I run each and every week. Everybody is scared and nervous when the market is falling because bull market geniuses love to see ATH's every single day :) I see simple wave structure on S&P and Nasdaq. 5th wave completion and a likely ABC or 123 correction. S&P 7-12% correction area, Nasdaq 10-15% correction area. I'm not bearish, but I am hedged for downside pressure. If it never materializes, cool. But if it does, I would like to make some money and mitigate the risk. I'll do more of these day to day or week to week. You can find me in the trenches Monday-Friday. Happy Trading and Lots of Profits!!!
SP:SPX
by ChrisPulver
Trends Mixed; Overall Neutral Short Term on MarketsSo, as stated in the video, the shorter term timeframes of 30m/1hr/2hr have opened up to lower movements, while the 3hr/4hr/6hr have been violated and would call for a movement back up, but haven't shown that potential movement yet. We are still in a short term Bullish Zone in accordance with my moving momentum algorithm, but we are very close to hitting below that Zero Line into Bearish territory, especially if we continue to stay low like this. What I may look for is a movement into the Bearish zone, a move upward, and if that movement upward doesn't bounce us back into a bullish zone I may short the market, but we shall see. Overall long term, I'm curious if the Daily can push below and settle under 5160ish for a Lower Low. It would be the first time in quite some time that we had a lower low on the Daily trend, putting us at risk of getting a lower high Daily rebound that will call for markets to be on a decline. Overall, The Mag 7, especially NVidia, still continue to mostly carry the market with the bulk of the Dow in neutral territory at best, and the Nasdaq outside of the Mag 7 also neutral. I continue to be concerned about this rally being too narrow and traders continuing to use Mag 7 stocks as safety stashes, and what will happen if they choose to take that safety money out to stash it somewhere else. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5319 Downtrend (5/28/2024) Lower Low 1Hr - 5313 Downtrend (5/28/2024) Lower Low 2Hr - 5309 Downtrend (5/28/2024) Lower Low 3Hr - 5286 Downtrend (5/23/2024) Higher Low 4Hr - 5286 Downtrend (5/23/2024) Higher Low 6Hr - 5287 Downtrend (5/23/2024) Higher Low 12Hr - 5188 Uptrend (5/6/2024) Higher High Daily - 5330 Uptrend (5/15/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High Economic Calendar; GDP Thursday PCE Friday Earnings to watch; Salesforce AMC today Costco earnings are tomorrow My sentiment on the market is as follows; Shorter Term - Bearish Short Term - Bearish / Neutral Medium Term - Neutral / Bullish Long Term - Bullish Basically, I don't see major risks in the long-term just yet, but the short term is a bag of mixed reactions. Currently in a place I feel we may need to look elsewhere. If you were looking for me to give you a warm and fuzzy on where to trade the ES Futures, I just can't give that today. Safe trading and remember your risk management.
CME_MINI:ES1!
by SemperTrader
Trends still show upward movement; CPI Data this weekSo trends that called for upward movement confirmed this upward movement last week. I had mentioned in my last video that the candlestick pattern for May 1st was extremely bullish, the following two days confirmed that movement in my opinion and given that trends called for upward movement, we crossed above the zero line on MACD Momentum into a bullish zone, and we were pushing above that Daily lower high resistance level around 5160, I went long. I did cash that trade out around 5260 for a $5000 trade. Given the uncertainty of how CPI could come in, I am likely to stick out until I see that data this Wednesday. While I'm not certain what Core CPI will do, and that SHOULD be the main data point we pay attention to, I have concerns based on a 10% hike in gas prices over much of April that Headline CPI could come in above expectations and cause at least an initial panic sell off. We are nearing the potential for an overbought state on MFI/RSI on the daily, so watch for algo trading around those levels as well, at least on the initial touch. Obviously we rented living space in overbought territory at the beginning of this year, so it doesn't mean we have to reverse at all, especially in this FOMO market. I continue to see the current conditions as very bullish, in spite of significant concerns I have for the ES Economy overall. While there was a time when the US Markets reflected the state of the US Economy, I think we have a massive disconnect between the two that was caused by the COVID Pandemic. I think the new trend is when the economy looks rough, dump money into Mag 7 / NYFAANG / or basically whatever hyper select group of stocks equals the majority of the market cap out there, which will just push markets higher in spite of economic conditions. Walmart Earnings on Thursday will be something to watch, moreso as it might show insight into consumer health more than what is actually happening with Walmart. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5251 Uptrend (5/13/2024) Higher High 1Hr - 5241 Downtrend (5/10/2024) Higher Low 2Hr - 5229 Uptrend (5/9/2024) Higher High 3Hr - 5157 Uptrend (5/3/2024) Higher High 4Hr - 5148 Uptrend (5/3/2024) Higher High 6Hr - 5148 Uptrend (5/3/2024) Higher High 12Hr - 5188 Uptrend (5/6/2024) Higher High Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High Economic Data; PPI & Powell Speaking on Tuesday CPI on Wednesday Jobs data on Thursday Earnings; Home Depot Tuesday Walmart on Thursday Geopolitical; Russia has had a major push into Ukraine, not sure it will matter but there is the potential for a major offensive to pick up pace there. Israel / Hamas conflict continues to be a concern but doesn't seem to have much influence on markets at the moment. Overall Sentiment; Shorter Term - Neutral Short Term - Neutral Medium Term - Mmmm... really undecided on this one Long Term - Bullish Overall, I could see a quick pull back overall this week, but even if this happens I think the market will heal whatever dip we have and we will end higher overall by the end of next week. Safe trading, and remember your risk management plan!
CME_MINI:ES1!Long
by SemperTrader
Trends in upward movement facing some exhaustionTrends are mostly in an upward movement stage, looking to remove the violation left of the 12hr / Daily lower high trend indicators. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5086 Uptrend (5/2/2024) Higher High 1Hr - 5117 Uptrend (5/1/2024) Higher High 2Hr - 5117 Uptrend (5/1/2024) Lower High 3Hr - 5157 Uptrend (5/3/2024) Higher High 4Hr - 5148 Uptrend (5/3/2024) Higher High 6Hr - 5148 Uptrend (5/3/2024) Higher High 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High As explained in the video, everything is in a higher high between 30m-6hr except the 2hr, which was part of the Powell Pump reversal. As I explained my trades over last week were a 70 point gain into the Powell Pump, a 70 point reversal after the Powell Pump, and a Long position from 5080 which I cashed out today as we pushed above the Daily downtrend resistance of 5170 for just over $4000. Additionally those Soybean Meal contracts I acquired around 335 were both cashed at around 372 for about $3700 each (I had 2). I don't say this to brag, but moreso to explain why I am not hungry for another trade, as I'm already financially set for the month of May at just under $20,000. This will be why I may seem overly picky about my trades and what may be a good position I may wait if it doesn't look like a borderline perfect trade. Economic Calendar is very light this week, just jobs data on Thursday. Earnings calendar is mostly important to watch tomorrow, especially around Disney from my perspective. Geopolitical tensions could hit a new tension point as Israeli troops move into Rafah. Overall, my general sentiment on the short term, and probably most of this week, is sideways at the moment. Safe trading, and remember your risk management.
CME_MINI:ES1!
by SemperTrader
PacMan Trend Symbol; Guidance into PCE and Next WeekThe video explains it all a lot better, but basically, we are sitting with higher highs and lower lows on the trend timeframes that brought us here (30m-4hr), otherwise known as the Pac-Man symbol. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5083 Uptrend (4/25/2024) Higher High 1Hr - 5083 Uptrend (4/25/2024) Higher High 2Hr - 5131 Uptrend (4/25/2024) Higher High 3Hr - 5123 Uptrend (4/25/2024) Higher High 4Hr - 5131 Uptrend (4/25/2024) Higher High 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High If we move directly higher from here, the 6hr is going to be a lower high, but it will be the lone trend calling for a lower movement, as when the 12hr and Daily strike, we will have a higher high. I did not account for us to drop so harshly from GDP data yesterday, and certainly didn't expect that drop to fizzle out and us to push higher over after this occurred. This is why I almost never short into Earnings season. Economic Calendar; PCE Data is today. I foresee it pushing us lower, but not with enough confidence to blindly trade short into it. Major next issue is the Fed Meeting on Wednesday of next week. Overall, likely just missed opportunity from not going short at the close of Wednesday and catching most of the move back down yesterday, although I likely would have let at least half the profit reverse before I jumped out anyways. I expect I'm going to miss out on a drop today, but without trend confirmation I just don't feel strongly enough about shorting into this PCE data at this point. I made some good trades earlier, so I'm fine with it, and I still have Gold Long from 2305 and my Soy contracts are FINALLY starting to generate some revenue at around $1500 each. Safe trading, and remember your risk management.
CME_MINI:ES1!
by SemperTrader
Trends in conflict; Earnings Likely to cause a short reboundSo again, I cashed out my trade just above 5000 as we fell last night following the Israel drone strike against Iran. Most of that dip appears to have resolved itself, at least for the moment, but those geopolitical issues will likely be crucial to the potential of a market fall in the coming days. I go into it in the video, but major Earnings are next week, and I expect the week to be typical which means we will rebound during the Earnings season, especially next week with major powerhouses reporting (Microsoft, Google, Tesla). If NVidia was reporting I'd suggest we could rise back up towards 5300, but they are not until the end of May. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5040 Downtrend (4/18/2024) Lower High 1Hr - 5220 Downtrend (4/12/2024) Lower Low 2Hr - 5203 Downtrend (4/12/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5197 Downtrend (4/4/2024) Lower Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High This shows lots of downward pressure, although several of the trends are a bit oversold as the 30m has managed to run away with the market. Economic Calendar; Nothing important today or the start of next week. GDP is next Thursday though and CPE is Friday. If I was to express some sentiment it would be Shorter Term - Neutral/Bearish Short Term - Neutral Medium Term - Neutral/Bullish Long Term - Neutral Longer Term - Bullish ... if the above makes any sense! Oh, and yes, I still have those Soy contracts. They are worth a whopping $1200 after all this time. I may trade them in for some 6E contracts if I see that look like it could run back up to 1.10 any time soon. Safe trading, and remember your risk management! Safe trading, and remember your risk management!
CME_MINI:ES1!Long
by SemperTrader
2
Trends in conflict; Signs support "Sell in May and Walk Away"Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5111 Uptrend (4/17/2024) Lower High 1Hr - 5220 Downtrend (4/12/2024) Lower Low 2Hr - 5203 Downtrend (4/12/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5197 Downtrend (4/4/2024) Lower Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High As explained in the video, the shorter-term trends are calling for lower moves, although the longer-term trends are violated and would be calling for a rebound. In spite of that conflict, I don't expect that rebound in the immediate future at this point. I go into a longer explanation, but overall I have been shorting the market, and currently have a Short position from 5200. I am looking for this position to hit around the 5000 mark, and then may cash out and wait and see what happens at that 5000 mark. I may look for a reversal position if we head near that area. The vibe is basically that Inflationary issues persist, geopolitical tension could cause chaos, and ultimately the US Economy is amazing and resilient. Next week we have major earnings though, so this short move lower could be done for and we could head into a rebound then, before heading lower or at least sideways once again going into May, as we see the old trading technique of "Sell in May and Walk Away" hold true. General Sentiment - Bearish Overall Sentiment - Bullish Safe Trading, and remember your risk management
CME_MINI:ES1!Short
by SemperTrader
5204 is a major trend support to watchJob data this morning caused a movement exactly as I anticipated and discussed yesterday. The move lower I suspected came yesterday as I anticipated, so now I'm just looking to see if we can move below this 5204 12hr support line. To date, the 12hr has been the major support level to stop any movement down since November which is why we have not seen a Daily trend change for nearly 6 months. Trends into today; Last Macro Trend Signal Spots (ES Contract) 30m - 5248 Downtrend (4/4/2024) Lower Low 1Hr - 5226 Downtrend (4/4/2024) Lower Low 2Hr - 5226 Downtrend (4/4/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5260 Downtrend (4/2/2024) Higher Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 4378 Uptrend (11/3/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High Overall, I will link my video from yesterday if you want an in-depth analysis on why I predicted we would move lower. Major thing I've heard, is people are no discussing only 2 rate cuts this year. So again, we went into the year with 6 rate cuts priced into the market. We dropped to 3 rate cuts even though we never REALLY priced out the 3 extra rate cuts, and now we are discussing only 2 rate cuts this year, and the potential of them not coming in June. Safe trading, and remember your risk management.
CME_MINI:ES1!Short
by SemperTrader
First Sell/Short Signals since January - TrendsLonger video but hopefully it clarifies my position in the market. I do NOT have a short position yet, but I am looking for one at this point. I might wait until either the close of the day depending on where we are OR take a short position if the overall day goes negative. Trends into today; Last Macro Trend Signal Spots (ES Contract) 30m - 5724 Uptrend (4/3/2024) Lower High 1Hr - 5277 Uptrend (4/3/2024) Lower High 2Hr - 5278 Uptrend (4/3/2024) Lower High 3Hr - 5291 Downtrend (4/1/2024) Higher Low* 4Hr - 5260 Downtrend (4/2/2024) Higher Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5087 Uptrend (2/22/2024) Higher High Daily - 4378 Uptrend (11/3/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High In order to try and keep on point I actually wrote some notes for this video (yes, in spite of the length, I felt I really tried to keep on point). What I will do instead of rewriting any of the video is just copy and paste my notes into here. NYFANG / MAG 7 still pulling market up (down day even though they had gone up .6%) Economic Calendar JOLTs was uneventful NonFarm Employment is up - Job Growth seems good ISM Non Manufacturing Prices lower - Includes pay being lower Powell Speaks - Nothing really new - Wants to cut rates (already priced in) - Data will drive decision (says that every time) Today - Jobless Claims (No expectation other than strong job market) Tomorrow - Unemployment (Not expecting anything new) - Even if it does, how do you price in this news? Is good bad, or bad good? Good is good? Trends; 30m, 1hr, 2hr all in lower highs 3hr had a higher low but if uptrend hits, will now be lower high So 30m to 3hr trends call for lower 4hr, 6hr, 12hr - call for rebound up Daily is still sitting massively overbought Weekly is normal bull market signal even if we go lower Monthly just hit uptrend, but Monthly has NEVER done anything but higher highs and higher lows back to the 80s (no data past that) For that to change we would have to go below 3846 - EVEN IF THAT HAPPENED, no historical data to explain what that could mean (Must like we saw with the lower low of a weekly trend) Sell Signals The shorter term trends are calling for lower movements Daily uptrend is well, well, well overcooked MACD Momentum (Daily) has crossed below zero line. Last time we had that was January when I traded shorts several times and made money. Has historically been MOSTLY accurate. MACD Momentum had a sell signal 3/26 but it was after down days so uneventful Weekly Overbought RSI/MFI Buy signals (or at least cautionary flat moving signals) Trends of 4hr and above call for MACD itself is not below the zero line (so not a prime bearish / shorting environment) Hope you found the information helpful. Safe trading, and remember your risk management plan.
CME_MINI:ES1!Short
by SemperTrader