Stockmarketanalysis
SPX Daily TA Cautiously BearishSPXUSD Daily cautiously bearish. Recommended ratio: 10% SPX, 90% Cash.
*Equities and Cryptos are getting smashed as DXY and US Treasuries rally higher. Quite simply this is a response to global recessionary fears (amplified by last week's disappointing global economic data) and a commitment by the Fed to continue FFR hikes for the rest of the year. It seems as though investors are preparing for more hawkishness from Jerome Powell's upcoming speech in Jackson Hole on 08/26; which leaves tremendous surprise upside to markets if he gives any hints of dovishness. Key Upcoming Dates: S&P US August PMI at 945am EST 08/23 ; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.*
Price is currently trending down at $4138 and is still technically hanging on to $4175 support. Volume remains Moderate (high) and has favored sellers for two consecutive sessions; Price is currently trading in the second largest medium-term supply/demand zone on the chart. Parabolic SAR flips bullish at $4323 (this coincides with the 200 MA + the upper trendline of the descending channel from November 2021), this margin is neutral at the moment. RSI is currently trending down at 51 with no signs of trough formation and is technically testing 52.68 support; the next support is the uptrend line from 01/27/22 which coincides with 38 support. Stochastic remains bearish and is currently testing 18.32 support with no sign of trough formation. MACD finally crossed over bearish today after 56 days being bullish and is currently trending down at 74; the next support (minor) is at 55.35. ADX is currently trending down at 29 as Price continues to fall, this is neutral at the moment.
If Price is able to bounce here it will have to close above $4175 resistance to flip it back to support before it can attempt to retest $4254 minor resistance . However, if Price continues to break down here, it will likely retest the uptrend line from 06/16/22 at ~$4k psychological support . Mental Stop Loss: (two b2b closes above) $4175.
10 yr TBonds We should all be aware that USA 10yr treasuries pumping up is bad news for all risk assets.
And mix that with DXY pumping and we get bear markets like most of 2022.
But I remain steadfast that the W4 isn't completed yet, the 382 is around 2.4% & ema 100 is
around 2.24% on 3D so this is likely the B wave of the ABC down of the minor 4th and should finish in Sept leading to the final push W5
TESLA Short Position - double top (NEW)Our expectation is that the price will drop to the support level. The chart shows us double top pattern but we should wait the 830 usd support level to break in order to enter short position. In addition, MACD indicates that the price will drop. Further, divergence for many indicator shows us that 938 price level was selling time and the price should drop after this price level is reached.
a great RECOVERY in INFOSYShey guys ,
we are seeing that IT SECTOR was in a complete state of RECESSION,
but now this sector has recovered and showing signs of UPTREND
therefore,
IT SECTOR'S main stock - INFOSYS ,
this stock is showing the signs of recovery ,
this stock was moving in a downtrend and now this stock has crossed it's RESISTANCE
and now it has RETESTED and has shown a great big GREEN CANDLE .
therefore, try to grab this opportunity and earn high returns.
also , the 20 day ema is above the 50 day ema
which show's that this stock is in a uptrend
SPY: MAKE OR BREAK TIME💥🔸️Ticker Symbol: $SPY 🔸️Timeframe: 4H 🔸️Investment Strategy: Neutral
TECHNICAL ANALYSIS: $SPY is currently at a very critical level in the market at $423. Two scenarios can play out in my opinion. If we do reject off the middle deviation level on our bull regression trend indicator, I can see the SPY increasing to its previous resistance level of $425. However, if we do end up breaking below this level of $421 the next levels of support are not until $416 and then $412. Leave comments below on what investment strategy you are playing!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
TTITechnical only :
Adding to my watch list in order to get a direction from the market.
There is a positive and a negative scenario.
Positive scenario - W pattern - Our first entry will be above 4.20 and our second entry will be above 4.50 with potential target of 5.75$.
The negative scenario - Below 3.76$ we will jump in to short position and even increase my holding if we will break the important 3.55$ level.
Our potential target will be 2.7 and than 2.35.
DYOR 🙊🍒
Manage your own risks
dxyDXY is right on the 786% of the recent A wave down from the top of the Minor 3rd peak in June 2022 & it looks like a classic Flat correction ABC.
So DXY has limited upside & I think crypto will bounce soon into C wave until mid sept then finally DXY starts the 5th wave to $111 bull market top.
Which will be the crypto & stock market bottom
HDFCBANK Long Term AnalysisWe expect that the price will increase. After neckline of inverse head & shoulders, the price have started to increase as expected. RSI is overbought therefore we expect the price to pull back and test the support which would be our entry for long,
Moreover, Gator shows us that the price will increase.
Stop loss below the neckline of the pattern.
The target level is shown in the chart.
BUY oppertunity for TIME TECHNOPLAST hey guys ,
TIME TECHNOPLAST stock was moving in a uptrend in a fixed area
and now this stock has touched it's support area and made a candle called
A MORNING STAR
i have marked the RR RATIO for you ,
you can see the target and sl by zooming in the above image
RR RATIO is 3:1
try to trade according to that ratio or adjust it accordingly to you
TIME TECHNOPLAST 😀😀
APPLE Short Position (NEW)We expect that the price will increase to the 180 price levels and then the price will drop to the 160 price levels. RSI is overbought. On 4h we can see that potential bearish divergences forming , but we still wait for bearish divergences on 1D timeframe to get more confirmation which may come at the key resistance.
Entry, stop-loss, and target levels are in the chart.
spx500Hello everyone,
We have a very clear 3 wave structure here that has extended the 3rd over the 1.618% fib extension after breaking up from the ending diagonal in the intermediate 4th wave position. I wouldn't expect SP500 to fill the 3,800 or 3,600 gap anytime soon guys. So I think 4,000 or maybe , possibly over shot 3,900 worst case IMO. The 1 fib level will likely hold as strong support, but let's see.
We also know our buddy Jim Crammer is bearish, so there's that...
SPX Daily TA Neutral BullishSPXUSD Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash.
* The Fed Minutes confirmed preexisting knowledge that inflation is still the primary concern for the economy (making this release a low impact event) and that more downsizing of the Fed balance sheet + another 50bps is the baseline scenario for the next FOMC meeting on 09/21. Fed Staff (FOMC) agreed that 3.4% is the current peak target rate for FFR, the current range is 2.25%-2.5% implying that perhaps two 25bp rate hikes will follow September's anticipated 50bps hike to end the year. Some participants (Fed members) commented on how commodities (primarily energy and food) are likely to keep inflation up in the near term, some Participants mentioned that the policy adjustments are already seeing a substantial effect but almost all agreed that most of the effects haven't been felt yet, and most participants agreed that they support rate hikes until PCE is closer to the 2% long-run target. July US Retail Sales stayed roughly the same as in June and posted ~0% change compared to estimates of 0.1% (sales are still up 9.2% from July 2021), this surprised many analysts who expected more spending with the recent significant reduction in gas prices. Key Upcoming Dates: S&P US August PMI at 945am EST on 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.*
Price is currently testing $4254 minor support after being rejected by the upper trendline of the descending channel from November 2021 + the 50 MA at ~$4325. Volume remains consistently Moderate and broke a three day streak of buyer dominance with a seller dominated close in today's session; this was a capitulation type of initial reaction which is indicative of a critical resistance. Parabolic SAR flips bearish at $4220, this margin is bearish. RSI is currently testing 68.42 support after forming a soft peak at 73. Stochastic is bearish and currently trending down at 87; it remains in the 'bullish autobahn zone' which is mildly bullish at the moment. MACD remains bullish but is beginning to trend sideways as it forms a soft peak just above the ATH (91.78) at 93.54; it has been bullish for 54 days now, implying that perhaps this is more than just a bear market rally. ADX is currently trending up at 31 as Price continues to push higher, this is bullish at the moment.
If Price is able to bounce here at $4254 minor support then it will likely retest the upper trendline of the descending channel from November 2021 + the 50 MA at ~$4300 as resistance . However, if Price loses $4254 minor support , it will likely retest $4175 support before potentially retesting the uptrend line from 06/16 at ~$4k psychological support. Mental Stop Loss: (one close below) $4226.
BUY Entry on SPX Retracement Situation
------------------------------------------------------------------
- SPX touched and rejected from Key Resistance
region @ 4150
- Elliot Wave 1 to 5 completed
- MACD overbought near 80; histogram
shows weakening buy momentum
Strategy
-----------------------------------------------------------
- LIKELY RETRACEMENT to pocket 38.2-61.8% fib retracement zones
- BUY @ 3850 to 4000
TP @ 4500
SL @ 3800 (Below first higher low of elliot wave
2 + 61.8% pullback level)
Otherwise, buy low and never sell if you are a long term investor like me :)
@GolDRoger
SP500 Pullback, Perfect LONG Entry!SPX near the key resistance level @4305 that it tried to break unsuccessfully 3 times on 25 April, 28 April and 5 May 2022. This subsequently led to a continuous bear run down to the lows of 3643.
I'm expecting at least a slight pullback/retracement from here @4305, back down to 4200 to find support at the 200 Day EMA.
Buy Zones: 4100 (100 Day EMA + Previous support) to 4200 (200 Day EMA)
Stop Loss @ 4066
Take Profit @ 4500
GEOThe crash from ATH's looks about finished, HTF ABC bullish correction. I would think we now impulse 5 up. If that turns into an A wave then there is much more pain. If we do 3 up here and only hit $10 then this would be an X wave and the price action did a fib extension 1 to 1 and would expect much more downside.
BIOR Biora Therapeutics Options Ahead Of EarningsIf you haven`t bought the all time low:
Then looking at the BIOR Biora Therapeutics options chain, i would buy the $1.5 strike price Calls with
2022-10-21 expiration date for about
$0.13 premium.
Looking forward to read your opinion about it.