S&P 500 Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The Inner Index Rally 4444 has been completed, which is part of the ongoing Reignited Rally. The Outer Index Rally 4480 and 4590 targets have been outstanding for a while and are important upside objectives. However, reaching the 4480 target may lead to a significant pivotal downward movement to the Mean Sup 4330. Trade Selecter needs to confirm this development.
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EUR/USD Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The euro-dollar is moving towards the important Mean Sup 1.080 target after the completion of the Inner Currency Rally 1.096. However, there is a chance for a rebound with the newly established target of Mean Res 1.099 and continue beyond.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The coin following the completion of the Inner Coin Rally 30500 is gyrating between the newly created Mean Res 30800 and Mean Sup 29900, suggesting its higher price advancement. The upcoming primary target is Outer Coin Rally 31700, along with Key Res of the same price. We may be experiencing a brief pause before the next Outer Coin rally, 34000, based on the current trend. Alternatively, prices could drop significantly to Mean Sup 28700 before rebounding.
S&P 500 Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook:
The Reignited Rally is continuing to move forward. The bullish price action is closing on Major Key Res 4330 with a follow-through to our long-time Outer Index Rally 4412 projection. Viewing the Pivotal Down Move prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
EUR/USD Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook:
The euro-dollar price movement followed our projections as stated on Daily Chart Analysis For the Week of June 2 - the price action hit our initial upside target of Mean Res 1.076. The continuation of the pivotal rebound is expected to push to Mean Res 1.082 this week, following through the pivot move that will take us to Mean Sup 1.068 and possibly two extensions to fulfill our target next Inner Currency Dip 1.047 ultimately. Viewing the Pivotal Down Move prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
S&P 500 Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook:
The curtailed by US holiday trading week did not surprise us; see Daily Chart Analysis For the Week of May 26. On Tuesday, after hitting our initial target Outer Index Rally 4230 and weeding out the weak longs a day later, the swift rebound on Thursday retested the 4230 again, followed up on Friday by completing our second target of extended Outer Index Rally 4285. The next upside target is major Key Res 4330 and, down the road, extended Outer Index Rally 4412. The pivotal 4230, as tooted a few weeks ago, was ultimately canceled due to price action turning south prematurely on Friday, May 19, and not confirmed by Trade Selecter's targeted movement. On the downside, the price action might take us to Mean Sup 4180; however, the upswing to Key Res 4330, within the highest probability, will emerge first.
EUR/USD Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook:
In our Daily Chart Analysis for the Week of May 26, the euro-dollar price movement followed our projections perfectly. On May 31, the price hit our initial down target of Inner Currency Dip 1.064, followed by a dead cat bounces to our Mean Res 1.075 target last Friday. The retest of the completed Inner Currency Dip 1.064 is in progress, with the strong possibility of falling further to Mean Sup 1.054.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook:
In this week's session, the coin has achieved the projected prices of Mean Res $27,500 and Mean Res $28,750 as outlined in the Daily Chart Analysis for the Week of May 26. Based on the current price action, the coin will likely test the Inner Coin Dip of $25,800 and potentially make a significant drop to the Outer Coin Dip of $23,950. The upside potential will address the Mean Res $28,250 as a ''Do That To Me One More Time''.
Gold Epic Bull RunGold has been in the ascending channel since the second half of 2022.
We have seen 2 small falling channel formations within this huge channel and we are currently experiencing the 3rd falling channel formation.
We can understand that we have come to the end of this small falling channel, so we have come to the support of the rising channel.
The rejection of gold from these levels will indicate that it is entering a potential bull run.
As we can analyze from the Fibonacci time zone indicator, this run has the potential to continue until mid-July.
Breaking the ascending channel and falling below the $1900 level will invalidate this analysis and stop it.
S&P 500 Daily Chart Analysis For Week of May 26, 2023Technical Analysis and Outlook:
This week's index did not surprise us with the swift rebound (Mean Sup 4110) and continued the reignited rally as specified in a previous couple of weeks of daily chart analysis. The price action is expected to reach our primary destination of the Outer Index Rally at 4230 and possible extension to Outer Index Rally 4285 and Major Key Res 4310. The pivotal at 4230 is not expected at this time unless confirmed by Trade Selecter price action within this upcoming trading week session - stay tuned.
EUR/USD Daily Chart Analysis For Week of May 26, 2023Technical Analysis and Outlook:
This week's eurodollar price action was lower, and the current trading pattern suggests the designated target of the Inner Currency Dip is 1.064 in the making, as indicated in last week's daily chart analysis, with the possibility of falling further to Mean Sup 1.054. We also anticipate a quick rebound to Mean Res 1.075 with the potential to reach Mean Res 1.082 upon completion of its main target.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 26, 2023Technical Analysis and Outlook:
During this week's trading, the coin has successfully retested the Inner Coin Dip zone and is now expected to bounce back towards the newly established Mean Res $27,500 target. Furthermore, it is anticipated to continue its upward movement towards Mean Res $28,250 in the upcoming week, thereby reigniting the price action upward direction.
Bitcoin Bearish for rest of year. Buy in DecemberAs much as I love BTC for a insurance policy against government debt, it is still subject to human nature. Fear and Greed. And with proxy exposure to the function of all financial markets, liquidity. I want to believe that we have seen the worst that is to come for now but at this point it feels like sticking my head in the sand.
How can we not see a correction in the markets that is one for the history books after the swings we have experienced over the last few years? Or was there just SO much liquidity in the system at basically 0% interest rates for a decade that even after an increase of FED fund rates (10 fold of anything we have seen, ever) we have just made up for lost time and its now time to carry on as per schedule.
The trade:
- Short any pops (ie retest of trendline) until later this year
-All in again in Nov 2023 to Feb 2024 (debt crises should have sorted itself out by then)
S&P 500 Daily Chart Analysis For Week of May 19, 2023Technical Analysis and Outlook:
This week's index has increased substantially in conformity with the S&P 500 Daily Chart Analysis for the Week of May 12. It is expected to reach our primary destination of Outer Index Rally at 4230. However, there's a possibility of a drop to Mean Sup 4161.
EUR/USD Daily Chart Analysis For Week of May 19, 2023Technical Analysis and Outlook:
This week's currency drifted lower with the stronghold of our Mean Sup 1.076. Based on the current trading pattern, this downward trend is in dead cat rebound mode targeting Mean Res 1.087. The designated target of the Inner Currency Dip is 1.064 in the cards.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 19, 2023Technical Analysis and Outlook:
Throughout the week, the coin's prices remained relatively stable, fluctuating between the Completed Inner Coin Dip of $25,800 and the Mean Res of $27,650. However, the emergence of a new, less significant Mean Sup of $26,750 indicates the possibility of a drop in price to the Inner Coin Dip of $25,800 or even lower to the Outer Coin Dip of $23,950. Conversely, there is currently no indication of an increase in price action to and beyond the Mean Res of $27,650 and $28,250.
S&P 500 Daily Chart Analysis For Week of May 12, 2023Technical Analysis and Outlook:
The Spooz had a week of fluctuating and narrow range trading, which indicates that a renewed upward trend is likely to happen next week, intending to reach Key Resistance at 4180 and Outer Index Rally at 4230, as we predicted. However, the current price action may also suggest a drop to Mean Support at 4060.
EUR/USD Daily Chart Analysis For Week of May 12, 2023Technical Analysis and Outlook:
Over the week, the currency's price action nose-dived and hit our Inner Coin Dip of 1.085. Based on the current trading pattern, this downward trend may continue and reach a low point of Mean Sup 1.074. However, there is still great potential for a rebound by calling a high target of Mean Res 1.098.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 12, 2023Technical Analysis and Outlook:
During the week, the coin experienced a price decrease and completed an Inner Coin Dip of $25,800. However, the current price action indicates a likely increase to Mean Res $27,650 and even Mean Res $28,250. If the price continues to fall, it may reach an Outer Coin Dip of $23,950.
S&P 500 Daily Chart Analysis For Week of May 5, 2023Technical Analysis and Outlook:
During the week, the Spooz experienced active trading within the range of Key Res 4180 and Mean Sup 4060. The next significant goal is to retest Key Res 4180 and surpass it to reach the Outer Index Rally 4230. Achieving this would be a crucial turning point and lead to a retreat to the inverted Key Res 4180 as a new support level.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 5, 2023Technical Analysis and Outlook:
Throughout the week, the coin remained steady between our Mean Res $30,500, Intermediate Coin Rally of the same, and Mean Sup $27,000. It established a new soft Mean Res at $29,500 and a strong Mean Sup at $28,000, which most likely will be retested. This price action indicates that there will be robust progress in reaching the Next Outer Coin Rally point of $31,700 and, ultimately the Main Outer Coin Rally at $34,000.
S&P 500 Daily Chart Analysis For Week of April 28, 2023Technical Analysis and Outlook:
The Spooz, in a robotic fashion, is advancing toward our Key Res 4180 after a pullback to Mean Sup 4060 was achieved - The next major target is Outer Index Rally 4230. The Outer Index Rally 4230 completion will trigger a pivotal retreat to inverted Key Res 4180 as a standing support level.
EUR/USD Daily Chart Analysis For Week of April 28, 2023Technical Analysis and Outlook:
This week, the currency has completed our anticipated target of Outer Currency Rally 1.110 - And with the retreat stayed under Key Res 1.105. The possible retest of the Outer Currency Rally 1.110 might push the currency to a potential Major Key Res 1.116. On the downside, the expected targets are Mean Sup 1.097 and long expected Mean Sup 1.080.