Nasdaq UpdateVery similar to SP500. Most likely the market will be like a saw cutting both shorts and longs in the aftermath of FED.
Spdr
SP500 UpdateThose who stayed short - well done!
The message of this chart is that for the remainder of this and early next week, the price can spend consolidating. I do not do intraday trading, hence, the strategy would be to take it easy, watch waves and add shorts if opportunity emerges. The price can continue crumbling down - I do not rule this out. At this stage of the move, it is better to stick to existing positions and watch. For that reason I do not endeavour to label wave 4 in the making. Overanalyzing hurts trading.
What do you think?
Nasdaq UpdateBy the way the price goes - the bottom is nowhere near. There is a strong level of support/supply area at 13500-14000. I will refrain from trying to label the minute waves as of now.
make gold great again :/last days we see a volume increase and some bullish indikators like momentum and stochastik. but also we're hitting a gap resistant in the gold-ETF. i would wait for a consolidation respectiv a bounce back to the 170$ support to get into it.
overall i think with high inflation and all the crisis over the world goldcould be more attractive in the next time.
also the kryptos bounced back hard which is due to the fact that the interest rates are climbing a bit. kryptos are the new gold some people say and yes thats true. but now could be maybe a little switch to gold back again.
have a nice day, greetings from germany
SPYNOSAURUS Not a financial advice
I recently watch a spy analysis video by David Marino jr on YouTube which gave me a thought of plotting key trends and eras to study confluence.
SPX500 UpdateAnother possibility. Difficult to say as of now where we are. Just creating charts for webiste my posts.
Nasdaq MayDaySeems like we are sinking. RSI is oversold and no divergence in sight. We are back to the immediate short scenario.
Nasdaq UpdateA possible interpretation of the wave compatible with recent SP500 post. THe red alternative is likley to be canceled. Will keep it on the chart just in case.
SPX500 UpdateUpdating the count on SP500 and Nasdaq (next post) to make it look more organic. This is a possibility not a must. It is likely that the previous alternative scenario in red (bigger wxy) is canceld out.
AU200 Downside - House of cards.I lately published a SPDR500 short idea as interest rates and inflation are both on the rise in the US.
There is currently a knock on effect in global markets, and this textbook technical short trade exemplifies it.
DJI updatea repeat of the previously posted chart. Not a trading setup as the pattern is incomplete.
Nasdaq UpdateNasdaq performed exactly as we charted in our previous analysis of the alternative case . At this point, Nasdaq rests on strong support formed by 200MA on the D chart, and the bounce is likely. The bounce can be short-lived - just enough to form a wave (2). A more pronounced bounce will complete a complex wxy scenario.
Clear impulse waves down (1) and 1 speak in favour of the white case.
Red case is advocated for by the strong support and, also, DJI chart (to be posted next) which still lacks one last leg up to complete ending diagonal.
Look for the post at the site for a complete picture at different timeframes. I will do my best to have it before the US opens.
SPX500 short-term updateSeems like we are in the base case scenario (light grey or white on the chart). During US non-working hours the price formed what seems to be x in wxy. The drawings are unchaged from the previous post.
S&P Short Position - House Of CardsThe S&P is at overextended levels, and will be unable to sustain these prices. Looking for a considerable multi month correction.
DJI The Big Picture The big picture for DJI is getting more clear and potential trading opportunities are staggering. Developments over the past few years can be charted as WXY sequence of corrective waves. That is likely to be wave 1 of a gigantic ending diagonal. Even more bigger picture is coming in next posts.
DJI UpdateDJI offers a very interesting perspective that suggests that I should consider reviewing SP500 and Nasdaq charts posted earlier. The price seems to have not finished the uptrend, and the coming decline is wave 4 of ending diagonal 5.
XLC SPDR ETF long swing trade ideaI recently tweeted few ETFs that went looking good at the time, one of them was AMEX:XLC .
The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on AMEX:XLC . This trade has the potential to yield a 1:3 risk-to-reward.
Find this analysis helpful? Be generous on that follow button for more charts and market commentary.
BUY SPDRI wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
I wating for purchase zone.
Short on SPDR Select Sector Fund. XLEThat's right. Short on this one and we are right in a middle of a corrective zigzag on this one. we may have very transient and short upward transient movement, but then that will be followed with an honest conversation with gravity.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Sector Winners and Losers week ending 9/17Energy (XLE) topped the sector list this week after the OPEC Monthly Report on Monday projected that demand for oil would exceed pre-pandemic levels by next year. The sector also got a boost from Crude Oil Inventories data released on Wednesday that showed much higher demand than expected.
Consumer Discretionary (XLY) moved into second place after great Retail Sales data on Thursday.
Utilities (XLU) and Materials (XLB) were the bottom two sectors for the week. Although markets were lower this week, investors did not flee to defensive sectors.
XLF Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
Sector Winners and Losers week ending 9/10All sectors declined this week as the S&P 500 pulled back from all-time highs. Consumer Discretionary (XLY) was poised to end the week with gains before losing those gains in Friday afternoon selling.
Real Estate (XLRE) was the worst-performing sector of the week after outperforming the market in the previous week. The sector erased all of last week's 4% gain as investors reversed the trade that is supposed to protect against inflation and benefit from low interest rates.
Utilities (XLU) took the top position on Wednesday but gave the lead back to Consumer Discretionary on Thursday.
Sector Winners and Losers week ending 9/3Defensive sectors led the sector list during a week where employment data kept investors guessing on the Fed's timeline for bond tapering.
Real Estate (XLRE) led the list throughout the week. The sector is benefiting from low interest rates while it also remains a good hedge against inflation. The Fed continues to put full employment ahead of inflation as the priority for interest rate hikes, so the sector will continue to perform if labor recovery slows.
Health Care (XLV) was the second best sector, following by Consumer Staples (XLP) and Utilities (XLU).
The cyclical sectors ended the week lower with Financials (XLF) and Energy (XLE) sitting at the bottom of the sector list. The slowing labor market and missed PMI numbers this week showed some weakness in the economy.
