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Recession

SPX - Update on the S&P500 last moveHello traders, Today on SPX, a lot of movement with the announcement of the CPI index report, which equals to 8.6%....wHaT a SuRpriSEeee!! even though we know it is supposed to be even higher....anyway... all investor are afraid aff, of course, and here are the result...! I show you in the analysis below how I approach the last move with the Elliott Waves analysis Wave green (b) retracement on (a) Wave orange C extension Wave white 3 extension Wave white 5 extension
OANDA:SPX500USD
by ModTrades
1
SPX - Insight on the S&P500 last move and the INCOMING trendHello traders, The SPX has showed us a beautiful bump on the last objective I made on my previous post. Nevertheless, it has decided to go and reach lower objectives, and IMO we should go finally hit the 38.2 objectives at the price $4052 . I have more objectives at a lower prices which are The green zone: 4042/4023 50%: 4007 61.8%: 3961 Therefore, after hitting one of those objectives, we will go back in a Bull trend to enter in our C of the ABC // I show you exactly how I found them with the Fibonacci tools in the screenshots below. And go check my other ides on SPX where you can understand also better where we at. . . BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way, Contact me in private, or in comment if you don't have enough reputation point if you are interested . . Don't hesitate to comment and check my other ideas
OANDA:SPX500USD
by ModTrades
3
US2Y Treasury Yield vs Gold The correlation between the 2Y & gold indicates that when the US2Y peaks, there is a US recession & gold rallies to new highs subsequently after. ** 1 = Peak in US2Y ( 1989 ) did not see a rally in gold because gold was depegged from the USD in the mid 1970's. 2 = Peak in US2Y ( 2000 ) saw a massive rally in gold as investors look for a safe haven from the incoming recession. 3 = Peak in US2Y ( 2007 ) saw a massive rally in gold as investors look for a safe haven from the incoming recession. 4 = Peak in US2Y ( 2020 ) saw a massive rally in gold as investors look for a safe haven from the incoming recession. Speculation 5? = Do we see a continuation of the opposite correlation between the US2Y & Gold when the US2Y peaks? I believe so. However, I see two scenarios for gold if & when the US2Y peaks. Scenario #1: Gold rallies to new highs after the peak in yields Scenario #2 ( Base Case ): After peak in US2Y, Gold rallies to tests previous high & fails to make new highs.
TVC:US10YLong
by brandonmattis
Reasons for Crypto-Optimism During the Next RecessionMade a list of a few things for crypto holders to be optimistic about the recession/depression about to unfold in the global markets right now. - Crypto's market cap is less than 1% (possibly even less than 0.1%) of traditional stocks. If the stock market goes down, - Banks are taking their time raising interest rates on savings accounts while pushing mortgage and loan rates up at the same time. This will make staking rewards (XTZ- 4.6%, ETH - 3.65%) look appealing. - The 2008 recession coincides with a period where tech companies (Apple, Google, Facebook, Microsoft) took over the charts of the Fortune 500. We're likely to see a similar thing happen again - crypto is the industry most positioned to be in that category right now. - Ponzi schemes exist in traditional markets too, and we're going to see Bernie Madoff-esque figures emerge as the market starts to dip. Madoff was able to keep his racket going for over 20 years just because the stock market kept on going up and up. When that stops, the scams will too. (Many of these practices have been "legalized" in the finance worlds at this point, but it won't change the fact that people will lose money and there will be a backlash against that.) This will further erode trust in the traditional markets as a whole. People generally don't do research unless they're forced to, but the economic slowdown may force a lot of people to look further into the details out there. This generally works in favor of crypto assets since what they offer now is just a better deal for most people out there.
KRAKEN:XTZUSDLong
by RyanTanaka
1
ETH- Insight on the current Ethereum situationHello traders, As you can see, today we re on eth, and because it correlate a bit with BTC, you can combine this analysis with my previous one (even though some volatility may differ, with ETH being more volatile) Anyway, so we can notice a drop, and it might go until 4 different objective : - 61.8 % at 1762 - 100 % at 1665 - 123% - 127% at 1610/1590, which is a relatively strong one I will leave your with screenshot of how I made up this analysis with the Fibonacci tools, and go play around with the chart in order to understand how I am reasoning. . . BTW, I made a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way, Contact me in private, or in comment if you don't have enough reputation point if you are interested . . Don't hesitate to comment and check my other ideas
FTX:ETHUSDShort
by ModTrades
$AMD's Bearish SetupWe recently saw a huge big green candle and then gapped down on Friday. Both of which retested the top of the wedge and failed to get over. That itself lends to bearish sentiment and is a bearish move in the making. While the green candles look bullish, the price action has yet to get back over the top of the wedge and until it does, the price emphasizes a bearish trend, so the bulls will want to get that back above the wedge. Current position: I am still short on $AMD ($100 Put) and will monitor it to test the bottom of the wedge.
NASDAQ:AMDShort
by theapearmy
1
BTC - Possible last LONG incoming for Bitcoin before the drop? Hello traders, Today we are on BTC, and what we can tell is that we are still on this correction phase that is lasting from the 12th May... But don't worry, we might be seeing the light at the end of the tunnel, and we are possibly finishing the C wave in few days. So we are expecting the BTC to drop to the different objective I draw, which correspond to the (b) of the C. --> My strongest objective is the 90% Right after it will go up to do the (c) of the C. Between 34300 and 34700 are my strongest objectives, and they are much likely to hit there, be prepared! ..... Which means a DROP coming right after? Who knows? With this analysis plan, I can see that we are much likely to be in a complex Triangle (WXYXZ) , and after thee objective of C reached, we might go DOWN to do the wave Z, with 2 stronger objectives ahead: 1---> 113%-123% 2---> 161% Those are the extension of the WXYXZ in order to find a Z You can UNZOOM the chart to see everything that I have done on this one . . BTW, I made a PDF, regrouping all the knowledge I have found on Elliott Waves, from the greatest analysts books, into a clear, simple and explicative way, Contact me in private, or in comment if you don't have enough reputation point if you are interested . . Don't hesitate to comment and check my other ideas
FTX:BTCUSD
by ModTrades
1
SPX - S&P500 reacted perfectly as forecasted :DHello gents, Today we are analyzing the S&P500 with the Elliott Wave, and we have seen a wonderful bounce on our strongest objective from my May 8th post That objective correspond to the 113/114.6% (It was my previous 123-217.2% of my old analysis but after re-analyzing I saw that the 5 blue of the last impulse from the Covid-19 crash must be at the very high of the bullish trend) But it ain't no worries, the objective was as much as powerful ! Additionally, we have touched the 38.2% (very serious objective) of the entire retracement of the entire impulsive wave from the Covid-19 Therefore, I am still into my last plan where I thought about the WXYXZ that we are into. (Would mean that we are in the X of the WXYXZ) Otherwise, I have another plan which is the impulsive wave of the Covid-19 is not yet finished and we are entering in the wave 5 . . . Don't hesitate to comment and check my other plans which are getting validated.
OANDA:SPX500USDLong
by ModTrades
10
SPX - so CLEAN so FRESH Elliott Waves always BLESSHey traders, We are today analyzing the SPX, and we are going to prepare for a LONG, because we are soon entering the C wave. " Stock indices in the United States began lower on Friday, driven down by Tesla and Apple shares, as a strong employment data stoked fears of tighter monetary policy and rising inflation " LMAO They can talk about anything in the news or what, Elliott Waves is always before the news. SOooo, either we long now, or at 38.2%, but the strongest objective is right now at 23.6% No more description needed, everything is on the charts and also on my previous charts GL HF
OANDA:SPX500USD
by ModTrades
2
EASY $SPY BAG$SPY in a very similar set up as $NVDA in my last post. Bullish wedge on the weekly in pink & double bottom on the daily in yellow. Price targets are green lines and stop loss for me would be the red line. Based off the weekly I'm bullish on $SPY on a very macro level. I think we trend upwards this week (maybe a couple days into next week to make a new higher low). Price target for this week is $430 with an aggressive high of $444. On a different note. After taking a look at the bullish wedge on the weekly go see if you can find something similar around July 2008 and see what happened next:/. May shed some light on what's to come *cough cough a recession Not financial advice.
AMEX:SPYLong
by markbully
XAGUSD Silver : Stairway to heaven? Bull flag behemoth! 25.5A "bull flag" is a bullish candlestick pattern which is defined by - 1) A linear movement up (flag pole) 2) A tunnel or channel which is on top of the linear movement up (flag) 3) A break above the top of the channel which is the continuation of the up-trend (target) The target is the size of the flag pole movement stretched from the breakout of the tunnel. In this specific case the long-term target is around $45. The tunnel or channel range is between 20.20 - 26.20 Looking at the MACD we are furthest away from the baseline since March 2020 and showing convergence similar as back than before the flag pole movement of $17, which of course is a very bullish technical sign. Silver is fundamentally bullish as well due to rising inflation globally. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! If you found my idea useful, please like and follow! It would truly mean a lot. If there's anything you'd like to ask or comment, don't hesitate - It's the fuel to keep me going. I am not a financial advisor and I encourage you to do your own research and be cautious when trading. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OANDA:XAGUSDLong
by Exactus
4
TSLA Tesla : Where will Elon navigate the ship to? 24.5A long-term support trend-line ongoing since March 2020 was broken down Feb, March 2022. Since, we had a false break back up April 2022 and the price went back below breakout very quickly, as well as retest of the long-term breakout down once again. 630 - 540 is support range and if holds may be the lowest point we will see for Tesla. A break below may open the way to 350-200. A break below would be a weekly open below 540. A correction back to 750 is possible within the down-trend (connecting highs trend-line). The fundamentals going for Tesla are simple : Technology, tracking, real estate, branding, CEO The fundamentals against Tesla are : Recession, inflation, overpriced auto manufacturer, supply issues, Twitter deal instability Overall - We may be going to a heavy landslide with a close below 540. Keeping above is a good bullish sign. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! If you found my idea useful please like and follow - It would truly mean a lot to me. If there's any questions or comments please don't hesitate to ask. I am not a financial advisor and encourage everyone to do their own research, thank you :) -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:TSLA
by Exactus
1
GOLD/USD Daily TA BullishGOLD/USD Daily bullish. *Hints of stagflation and a very possible recession fueled by a strong U.S. dollar , high inflation , low unemployment , rising Funds rate , falling new home sales , Russia/China and shrinking GDP has some investors fleeing to Gold as a safe haven asset again. This has been further exacerbated by the recent downturn for USD.* Recommended ratio: 90% GOLD, 10% cash. Price is currently trending up at $1860 after establishing support at both the 200 MA ($1840) and the uptrend line from April 2020. Volume remains high (moderate) and is currently on track to favor sellers for the first session in six sessions if it closes today in the red. Parabolic SAR flips bearish at $1800, this margin is neutral at the moment. RSI is currently trending down at 46.50 after defending support at the uptrend line from April 2013 at 35.50; the next resistance is at 67.24 and the next support at 42.06. Stochastic remains bullish and is on the verge of crossing over bearish at 98. MACD remains bullish and is currently trending up at -17, the next resistance is at -10.84. ADX is currently trending down at 22.84 as Price continues higher, this is reflective of a potential reversal and would be confirmed if ADX was to bounce in the coming sessions and trend back above 25. If Price is able to continue surging then it will likely test the 50 MA at $1910 minor resistance. However, if Price breaks down here, it will likely retest the 200 MA at $1840 before potentially heading lower to retest the uptrend line from April 2020 at $1800. Mental Stop Loss: (two consecutive closes below) $1840.
G
by dailytaguy
ES SPY SPX LAST LEG UP and after MOTHER OF ALL CRASHESwith how many days we have been stuck in the downtrend and the weakness we are experiencing breaking this trendline, I am going to play this tomorrow open as a month out call options play. I know charting on ES, but anyway you get the gist. gonna hold a stop less a little below the lows, but it seems to me that market getting ready to rebound clear out the divergences and some oversold conditions to make it happen. Trading is all about possibilities and probabilities, june 24th 416 calls yields 300% on 430 mark, if i NGMI will take 50% loss, I will take my chances, but in 2008 there was one more leg up jut like here now, and although past is relative, certainly something to take into account. if we do pump will be great for vix to get lower so we can get more call leaps. Peace out, Bullish short term, bearish long term
CME_MINI:ES1!Long
by CryptoTradingMania
3
USD Index DXY Strengthening into 113 PTSince summer of 2021, DXY has gained strength and momentum as the broader global economy has begun to face tremendous uncertainty coupled with rampant inflation from unfettered stimulus and "quantitative easing" that began following the housing market collapse ~15 years ago. Articles were written that inflation is dead while the Federal Reserve propped up markets, printing money without thought. The QE environment appeared stable until the global pandemic surfaced and governments around the globe printed even more. At this point, the US Dollar is showing signs as the "best" of a bagful of bloated currencies with a rush towards risk-off safe havens. As it stands, inflation has driven every asset class to extreme levels and is barely showing signs of slowing... the general consensus is leaning to either a significant market correction or let inflation remain out of control. Given price instability, central banks are increasing rates and looking to trim bloated balance sheets which will result in major market pullbacks. Right now, DXY is looking to breach levels not seen since the dot.com bubble as a first leg up... with plenty of room to climb past that given $9 Trillion on the central bank balance sheets, money supply at extreme levels, & inflation at levels not realized in 40 years. Golden cross on weekly with 100 EMA crossing above the 200 EMA in late March. Expect some small pullback as the markets look for a relief rally and exit liquidity before DXY charges upwards. As it stands, "cash is king" and the US Dollar reigns supreme (for now & the near future).
TVC:DXYLong
by R0MM3LL
Ethereum (ETH): More Downside To ComeClear Head & Shoulders Pattern played out very similarly to the 2018 Bear Market. The last time we saw this type of breakdown we can see the bottom wicks were very similar and did NOT suggest a bottom. The First Support is at $1450. The Second Support, if we see a World Wide Recession play out, is $460. I know that the second target seems impossible but I promise you if a World Recession plays out, it will become realistic VERY fast. For now, we just target First support. Hope this helps, Good luck!
BITSTAMP:ETHUSDShort
by NoOneWhoIsSomeone
6