Weekly Market Forecast Jan 20-24thThis is an outlook for the week of Jan 20-24
In this video, we will analyze the following FX markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
The indices look set to move higher this week, as Trump is inaugurated Monday, bringing a possible "Trump Pump" to the markets. The metals are a bit mixed, but may continue upward this week.
Enjoy!
May profits be upon you.
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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.
Es1
Weekly Forex Forecast: Buy The S&P & NASDAQ. Wait On The DOW!This forecast is for the week of DEC 16 - 20th.
The SP500 & NAS100 are bullish and buys are the order for the week. The DOW Jones is weeker, sliding down as the USD climbs. Be careful here, as the DOW tends to travel it's own path at times.
FOMC is Wednesday. Stay vigilant and disciplined this week!
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.
Weekly Forex Forecast: SP500, NAS, DOW ... Wait For BUYS!The equity markets closed the month with all time highs. Next week, there should be some
carry over. The week may open bearish in the short term, but I believe longs will be the ticket to ride!
* I will consider longs in SP500 and DOW before buying the NASDAQ, as it is weaker. There, I would take valid sells before I short SP500 or DOW JONES.
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.
Do bulls really want to be long the S&P 500 ahead of a breakout?S&P 500 future are tantalisingly close to a record high. So close in fact, it would be rude not to print one. Yet I am skeptical it will simply hold on to (and extend) any such gains without at least a shakeout first, and bulls may be better to wait for a dip. Comparing the S&P 500 to Dow Jones and Nasdaq 100 futures, I explain why.
MS.
Weekly Forex Forecast Nov. 25th: SP500, NAS, DOW = BUY THEM!The three indices are bullish. They each had a Daily +FVG they found support in, and were bullish from that point of contact. The DOW is the strongest, and may be the best bet, even though it is a wildcard most times. The SP500 is probably the safest buy, as the NASDAQ is the weakest of the three. If things turn bearish for any reason, the best short will be in the NASDAQ.
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.
The S&P 500 just hit me with a 'deja vous' - gains to follow?Once every so often I look at a chart and instantly get struck by a familiar pattern, which is exactly what happened today with the S&P 500 futures chart. And with asset managers firmly backing the ES1! futures market, I'm not on guard for a bounce form support. Just as long as Nvidia earnings allow.
MS.
Weekly Forex Forecast Nov. 18 - 22: SP500, NAS, DOW, GOLDThis is the Weekly Forex Forecast for Nov 18 -22nd.
The Big 3 Indexes started to pullback last week from there elections fueled rallies. Patience is required, as we look for confirmations of a market shift from bullish to bearish.
Gold also retraced last week, and may may struggle against a surging USD. Patience here will benefit traders, as we wait until the market tips its hand.
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.
Weekly Forex Forecast Nov. 11th: BUY S&P500, NASDAQ, & DOW!This is the Weekly Forex Forecast for Nov 11th.
The Big 3 Indexes are strong, trading at ATHs. There is no reason to look for anything other than buys this week.
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.
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.
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.
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.
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!
SP500 seasonality and market positioning are at oddsOn one hand, seasonality for the S&P 500 and indices in general tends to be unfavourable in September. On the other, asset managers are 'all in' being long the index which sits just beneath its record high. We weigh up the competing factors to decide whether we should tread carefully around seasonality, or simply ignore it.
MS
Why the 'record high' on Dow Jones underwhelms...Another day, another record high for a US stock market. Only the one seen on the Dow Jones underwhelms given it is not backed up by its own futures market, let alone its peers. We're also approaching end-of-month flows (which can prompt fickle price action). And keep an eye on the Nvidia earnings report on Wednesday (US) which can single-handedly drive sentiment on Wall Street.
Using CME Group Event Contracts For FOMC & End of The Month ES1! Looking for additional tools to use in your day trading for event days like FOMC and Month End? Watch Anthony Crudele dive into CME Group's Event Contracts in his latest video. See him analyze the E-mini S&P 500 using AVWAP and Bollinger Bands.
S&P Futures Market Simple Trading Plans - Reacting To FEDHere's a detailed video on how to make use of market sentiment early on.
If you are looking for value investor longs, you'd need sentiment to feed in further and drop the price of the SPX.
For shorts, you'd need continued sentiment to support a downside case. More would need to follow post Fed Member Goolsbee regarding jobs/inflation.
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!!!
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.
S&P 500 Futures: 5200 Level Next? ES1!!In this video, I break down why the E-mini S&P Futures could be aiming for the 5200 mark soon. Utilizing Bollinger Bands, the 5-day SMA, VWAP, and RSI, I dissect the potential moves and patterns within the market. I also give insight on the E-mini Nasdaq NQ1!, and why day traders should be looking at 10-year Yields and how they are impacting the Russell 2000 RTY1!
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!
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.