TLT Got Reality Checked Harder Than 2016. -43%!
Every 40+ investor and a pair of eye glasses is pounding the long TLT! call options TLT!.
You sure about that? you sure you can handle 4-5 years of a complete dead TLT?
Federal Reserve seems to be only interested in bailing out banks collateral directly instead of starting YCC so the TLT traders "bond market is the safest in the world" has just completely took a nose dive.
The hope here is that WW3 starts / or JP Morgan blows up like 2009 but again do you think the FRED will allow that to happen? Not a chance. Bank Term Funding Program
SP
Panic is slowly setting in, VIX highest since late March 2023Yesterday, the Volatility S&P 500 Index hit its highest value since late March 2023 (when regional banks were imploding), reflecting a quickly deteriorating sentiment among market participants. Both SPX and ES1! constituted a new daily low, which continues to support a bearish case. This case is also supported by RSI and Stochastic reversing on the daily time frame and MACD flattening slightly below the midpoint (failing to break into the bullish area). As for the weekly time frame, all of the mentioned indicators develop bearish structures. In our view, more downside is very likely, with SPX testing its recent lows.
Illustration 1.01
Illustration 1.01 displays the daily chart of SPX and simple support/resistance levels.
Technical analysis gauge
Daily time frame = Bearish
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Country Garden is unable to meet the offshore debt payments The past few days were quite choppy for SPX. However, S&P 500 E-mini Futures have not broken above the 0.5 Fibonacci retracement level. That allows us to maintain a bearish stance and keep the recently introduced setup valid. As a result, there is not much to write about today, except for one noteworthy thing that caught our attention overnight: one of the largest Chinese real estate developers, Country Garden, failed to meet offshore debt payments (already in the grace period), suggesting default proceedings might be next. We will update our thoughts on the asset with the emergence of new developments.
Illustration 1.01
Illustration 1.01 displays the daily chart of ES1! and Fibonacci retracement levels.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Slightly bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP-500 update 14.06.2023SP500
We have one downward channel that we broke and went up and formed a new upward channel.
We are near the resistance line of this channel, we also have a liquidity zone (red box), which we have partially collected, I would expect that we can collect more liquidity up to 4465 and after that I expect a corrective move down to the first target 4100.
The same picture we see in horizontal volumes
RSI on D1 is overbought
Best regards EXCAVO
sp 500 target 4510/4538 5th wave july 10/23/2023 wave B topThe chart posted is that of the sp 500 . To which I been calling for the final peak due june 23 week . But the wave structure is not complete nor is the fib relationship. this also happened in 2018 to which I been calling for that peak to end on jan 10 2018 a shift of 17 day occur then and I am allowing for that same type of action as the crash then came right spot on time feb 8/9 2018 I still maintain 100 % view that CRASH into 8/25 th 2023 is in the cards . SO i AM LOOKING FOR A LAST GASP UP ON GOOD NEWS INTO WEEK OF JULY 10 TO THE 23 TH AND A SP AT OR ABOVE 4510/4538 BEST OF TRADES WAVETIMER
SPx 4h (Still it look bearish)SPx
the price can stable in a negative direction because already stabilized under 4358
so now will drop to reach 4309 and then should break that to get 4278 also.
the price will start dropping as long as trades under 4358 to reach 4309 and 4278 for this week
however, if the price reversed and stabilized above 4363 then will support the rising to reach 4391 and 4424
Pivot Price 4349
Support prices: 4309 & 4278 & 4245
Resistance prices: 4380 & 4424 & 4441
The moving range for today is between 4351 and 4309
tendency: Bearish
SPX500 SPY SPX update (STILL IN PLAY)We have fallen below the upward Extra Bullish trend channel i gave you back at the MARCH lows.
It seems rather clean and clear that currently my channel is now acting as Resistance so its still in play so to speak and worth keeping and watching.
When everyone FREAKED out and sold off the crash we really only dropped to EXACTLY the 1st line of support from the October trend.
Which IF you follow me you've had these lines and this chart to use for reference since October and should have been watching for support like i previously stated might come into play soon and you would have been able to grab a nice quick play on just about anything in the sp500 and already sold for scalp profits again.
If we reject fully from this channel that now seems to be R, I'll try buying again on the trend line currently around 4060.
If and when we fall through this support/break support/crash again and everyone loses it. Look for the secondary line I gave you below it to act as a bounce at least is my guess. As that is actually the trend line from the October LOWEST point.
If I'm wrong I'll say so when the time comes but so far these trends have been spot on since last year when i called the downward trend to begin AFTER Turkey day.
Go back and find my charts from there titled something like Turkey or Thanksgiving massacre repeat.
Spx sp500 I Don't have to make this upJust look at that bounce from the secondary support line i gave you MONTHS ago to watch for and use IF and WHEN we lost the upper trend. This is NOT the 1st time this line has been the BEST time for you to buy. Who else made it this SIMPLE for you?
The lines and the system i gave you to work with MONTHS ago is STILL IN PLAY.
S&P500: Selling started inside the Channel UpS&P500 turned neutral on its 1D time frame (RSI = 51.591, MACD = 36.770, ADX = 21.671) after a Double Top formation pushed it on the February 10th Low. The long term pattern remains a Channel Up and as the RSI is printing a variance identical to the first 2 weeks of December that formed the top, we expect a similar decline to start, aiming at the bottom of the pattern.
We remain on sell positions since our last analysis and aim at the 1D MA50 (TP = 4,000). If the 1D MA200 is crossed, we will short again aiming at the bottom of the Channel Up (TP = 3,865).
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SP500 for a new recent high? 🦐The S&P 500 has been in an uptrend, characterized by higher highs and higher lows. This suggests that there is a bullish bias in the market, as buyers are willing to pay higher prices for the index.
The index recently experienced a retracement to the 50% Fibonacci level, which is a common technical analysis tool used to identify potential support and resistance levels in the market. Fibonacci retracements are based on the idea that markets tend to move in waves, and that retracements to certain levels (such as the 50% level) can provide potential buying opportunities for traders who believe the trend will continue.
Currently, the S&P 500 is trading below a weekly resistance level, which means that there is a barrier to further upside momentum. A resistance level is a price level where sellers tend to become more active, which can lead to a pause or reversal in the uptrend.
If the price were to break above the weekly resistance level, it could be seen as a bullish signal that could provide a new opportunity for a long order according to the MTB strategy.
In conclusion, it appears that the S&P 500 has been in an uptrend, but is currently facing resistance at a key level. If the price were to break above this level, it could provide a new opportunity for traders to enter long positions.
However, it's important to approach the market with caution and always be prepared for unexpected developments that may impact your trades.
Bitcoin and SP-500 examples of bottom formation and continuationIn these charts I showed the bottoms of the SP500 in 1970, 1975, 2003, 2009 and a potential bottom in 2023. After each impulse from the bottom upwards you can see a small correction, but afterwards still continue to rise. My point with this analysis is that I don't see a deep dive down. But getting carried away with big leverage or all-in right now in this stage of the market is very dangerous for your deposit.
Frankly, I've had a negative scenario for 3 weeks now, but I'm not posting it because it's not the time to open shorts.
But what natural cataclysms are happening these days in Turkey, anything can happen, and the Yellowstone volcano that has been talked about for a long time may be the same black swan
I want to see more interesting ideas from you in the comments
Best regards EXCAVO
A positive bearS&P 500 E-Mini Futures CME_MINI Can a bear get a punch bowl please? I think this year has a lot in store from a volatility standpoint. Emerging markets may present hidden scenarios one has not accounted for. Look at Adani. Brazil, Thailand, and the Philippines will be presenting inflation data. India's reserve bank will be likely raising rates. As well as China showing CPI on the 9th. Price action galore, I'm practically chopping at the bit.
We are living in quite a time. I'll be personally taking a neutral stance and see what happens if SPY swipes 4075.00. We still have a ways to see how a "soft-landing" is engineered but for the time being with everything going on in the Middle East, Europe, and far east Asia I'll be a positive bear.
SPX reversal incoming?An enjoyed bear market bull run by many again for the 4th time. still so many market catalyst in my opinion that could shock the market. it will only take one for the market to reverse and from a technical point of view there's plenty of reasons for an incoming reversal.
Major Trend line
overbought RSI
gap fill
and many others. I see it potentially breaking the trend line as a fake out to ruin the bears before going lower. not sure if the bottom is already in though
DXY second attempt to break failed The dollar had another spike above 113.5 and got strongly rejected, this shows weakness and is likely to attempt another leg don’t to 110 support leading a rally next week for #stocks, #commodities and #crypto if the correction happens.
DXY needs ground to rally again, I can’t see breaking resistance until it set another higher low and it still has room to make tray happen. *Key level is 110.3
VIX overlay on on SP 500 reveales Micheal burry prediction. I overlaid the VIX on top of SPX. Lets take a look at history and some realistic poinst to bounce from mania phase. The SP500 is performing better than the nasdaq. We are about to have a death cross of the weekly 50 over the the 200 ema/sma, on weekly candle on both indexes. I did a over lay on the nasdaq as well and posted. VIX hasn't even spike. Technical analysis says all hell is about to break lose. Professional analysis on cnbc and such, are permabulls. I checked my TA against Michea Burry prediction. And came up the the same figures. Good luck. Don't hedge into crypto. DXY control sp500 (spx, spy), and btc is just another sector of spx, so don't hedge into crypto. If the market goes down, so will crypto.