Neutral
SPY Daily, possibly head and shoulders bottom forming.This is the SPY daily with the Cash in/Cash out report set to 10 on the input. This means the indicator and chart are showing 10 rolling days of sums of cash into and out of the market. There have been more positive days than negative and a possible head and shoulders bottom appears to be forming. However, the price is still within the negative trend channel. Pay close attention to price action where trend lines collide. For now, I am neutral on the SPY. I believe there is an inflation report coming out tomorrow, let's see what happens.
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$EVRG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $EVRG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
$Y with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $Y after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
SPX500 a short updateIt is easy to guess the top but the noise are hard.
All I can update is maybe we have a short term bounce to 3.9k these few days to close a gap.
If we manage to break below 3.7-3.8k , then the market will have higher chance to go down further as mentioned in my idea.
On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated.
I think we should have some sideways movement for few months for accumulation if it were to reverse the trend.
Just trade accordingly and be cautious!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
EURUSD 15 TF Tuesday, LN session
I think daily bias is BEARISH, and SM wants to go below the swing low in 4 hour TF.
*3 last candle are in a daily range.
in 1 hour chart, price is bearish. I think it is going below 1.04400.
SM come below the 1.04982 level, buy the sell stops.
Does it go higher or no? I don't know for now