SPY AMEX:SPY | RALLY AFTER FED RATE CUT - Sep. 19th, 2024
BUY/LONG ZONE (GREEN): $552.50 - $575.00
WEAKER BULLISH ZONE (PALE GREEN): $552.50 - $540.50
Weekly: Bullish
Daily: Bullish
4H: Bullish
This was my analysis for the end of the day yesterday, forgot to post it. Price has already rallied fairly well today. The Fed cut rates yesterday 50bps, down from...
Hi Traders,
Following yesterday's USD news, the Federal Reserve has reduced the interest rate by 0.25%. It seems the market has already absorbed this news, and our attention shifts back to the USDJPY pair.
On Tuesday, my analysis showed a price break above the H4 structure. According to this structure, we can anticipate a continuation of the overall downtrend....
I don't usually cover US stocks on this platform, but for those following the S&P 500, it had a strong rally over the past few days. However, it’s now facing resistance around $5,650, just shy of the all-time high set back on July 16, 2024. Despite the recent run-up, it couldn’t quite reach the resistance line, and everything now depends on how the market reacts...
Last weeks high: $64,481.00
Last weeks low: $57,205.43
Midpoint: $60,843.22
As September begins BTC finds itself at the $58,000 mark after selling off for the entire week last week. A historically bad Month for the crypto market is being paired with the first FED rate cut since March 2022.
Conflicting elements with one bearish and one potentially bullish, it...
