Fed Expected to Hold Rates Amid Mixed Economic Indicators Focus on CPI Data and Rate Decision: Wednesday's U.S. Consumer Price Index (CPI) data and the Federal Reserve's interest rate decision are in the spotlight. This follows rate cuts by the Bank of Canada and the European Central Bank last week. However, the Fed is not expected to follow suit—at least not...
Technical Analysis of SPx The price dropped from the price we mentioned in the previous idea and already stabilized under the support line which is 5260, so it is possible to touch 5226 and 5193 as well, Bearish Scenario: As long as the price remains below 5260, it is likely to decline towards 5226. Bullish Scenario: For a bullish trend to emerge, the...
Expecting SPX to move up from here since the 5 EMA crossed above the upper limit of the latest downwards channel. Target is the upper limit of the red channel (above the 80 EMA). Hereafter expecting price to correct again to the downside after the 5 EMA breaks out of the red channel. A close back below the last green channel invalidates this idea.
SP500 after last weeks retracement is now back pushing at the resistance level near to the market all-time high. According to Plancton's strategy of the market will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily...
Chart suggests trend possible reversal.
Simple : Only sustain trading above 2700 negate the downtrend.
The rising wedge on the daily chart shows a possible top for the S&P 500 Index. However, we may see a false upside breaking of the upper trend line. However sustain trading above 3700 may negate the downtrend.