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Recesion

SPY similarities with 2009 up to current 3600 decision zoneSPY In this 2009 weekly chart, we saw the ff: 1) dma 50 x dma200 (deathcross) also wma20x50 2) price created a low, then bounced up to retest dma200 (wma50) but was rejected down 3) price went down back to retest that low. (The present low was the June low around 3636, a major decision point) MAJOR RISK AHEAD: Now we have to see this week if SPY will recover 3636. (A slightly lower low may happen probably to 3500 to create a divergence for an oversold bounce) *a 2009 scenario repeat will see SPY just waterfall thru 3500 to next supports at 3400/3200/3000/2800 *wma 50 will then cross wma200 (deathcross on weekly) Not trading advice. Proceed with extreme caution!
AMEX:SPY
by xtremerider8
Intensified recession mood as US bond yield curve remains invertEUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 XAU 🔽 WTI 🔼 Almost three weeks of an inverted US bond yield curve has led investors all but confirm the recession, and sluggish GDP data on Thursday could be the nail in the coffin. The latest price to yield readings of the two- and ten-year Treasury notes were at 3.0081 and 2.785, respectively, which remained inverted since 6 July. Meanwhile, major currencies have retrieved lost ground against the greenback. EUR/USD has a minor uptick to 1.022, despite Monday's Germany IFO business climate index declining to 88.6, falling short of the 90.2 forecasts. GBP/USD returned above the 1.2000 level to close at 1.2042. AUD/USD rose and stabilized at 0.6950 level, reaching a closing price of 0.6953. The Australia Consumer Price Index will be available on Wednesday morning to reveal recent price level changes. USD/CAD slumped to 1.2848, after slowing at the 1.2850 level. The jury is still out on gold being the proper hedge option for the possible recession, gold futures retreated from a high of 1,733.3 to 1,719.1. WTI oil futures gained $2 to $96.7 a barrel, lower than expected gas demand in the ongoing US driving season has eased the supply shock impacts. More information on Mitrade website.
by Mitrade_official
Ready for tomorrow? NKE prediction for the next few days This is not financial and I barely, if at all, know what I am doing. But, please follow if you like my predictions. I thought I would chart NKE because Cramer talked about it the other day and it's fun to watch his inverses. He said Nike was a good buy at the end of last week. I figured with an economy that is in a recession (not technically), inflation out of control, supply issues, and Covid over in China that this would be a good opportunity to predict a severe downtrend. There really isn't much in the chart that needs to be stated. The trend is really bad. It is on a steep downtrend and I am expecting a much more serious dip before the middle of July. The only support I see in the long run is at about $95. If it breaks $95 then I could see an even stronger dip to $65. The last time it was at this level was in 2020. It is already making new lows.
NYSE:NKEShort
by Adventure_Joe
DXY EconomyThu 6/9 Z.1 - Financial Accounts of the United States 1:00 p.m. CP - Commercial Paper 4:15 p.m. H.15 - Selected Interest Rates 4:30 p.m. H.4.1 - Factors Affecting Reserve Balances Fri 6/10 1:00 p.m. CP - Commercial Paper 4:15 p.m. H.15 - Selected Interest Rates 4:15 p.m. H.8 - Assets and Liabilities of Commercial Banks in the U.S. Mon 6/13 1:00 p.m. CP - Commercial Paper 4:15 p.m. H.10 - Foreign Exchange Rates 4:15 p.m. H.15 - Selected Interest Rates Tue 6/14 1:00 p.m. CP - Commercial Paper 4:15 p.m. H.15 - Selected Interest Rates Wed 6/15 1:00 p.m. CP - Commercial Paper 2:00 p.m. FOMC Meeting Two-day meeting, June 14-15 Press Conference 4:15 p.m. H.15 - Selected Interest Rates Thu 6/16 1:00 p.m. CP - Commercial Paper 4:15 p.m. H.15 - Selected Interest Rates 4:30 p.m. H.4.1 - Factors Affecting Reserve Balances Fri 6/17 9:15 a.m. G.17 - Industrial Production and Capacity Utilization 1:00 p.m. CP - Commercial Paper 4:15 p.m. H.15 - Selected Interest Rates 4:15 p.m. H.8 - Assets and Liabilities of Commercial Banks in the U.S.
CAPITALCOM:DXY
by cryptobetgang
Spy - 3 levels to amazing entryHello everyone, as we can see our last 2 major financial crysis were 3 and 2 years, and each of them we had a drop of around 50%. This virus started the crysis and even if people say that the virus is not as serious as the media makes it out to be, people's perception of the virus is that the virus is really serious, so this is why the panic could be hard to be stopped so easily. I would say that we have 3 key levels that we could buy or add to our positions, which I have listed on the chart. I am waiting for support 2 or 3, because I believe now is too early for making a higher high anytime soon, but this is just opinion, not a financial advice! Like and follow for more ideas!
AMEX:SPYShort
by donaitelo
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