Similar pattern appearing on the DJT. Will we see the upside move completed or will it fail like it did in 2018/2019.
Looking at the H4 chart, my overall bias for ES1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 4091.75, where the 50% Fibonacci line is. Stop loss will be at 4007.50, where the recent swing low is. Take profit will be at 4180.00, where the previous swing high is. Please be...
The breakdown we want. The breakdown we deserve. Similarly to how the dollar strength overshot, the pendulum swings back now at full force. The story will be different as soon as Europe decelerates its rate hikes. Europe is approximately six months later in its economic cycle. Another pivot of that trend happens should the recession finally materialize. Good...
Remember back when everyone thought we were going to make NEW ATH and end up over 5k on the #Spx? Remember when i said for those wanting SAFETY to expect the real downside to begin just AFTER Turkey Day. MANY questioned and MOCKED the post and or acted like i was CRAZY. I also remember saying at some point after the crash we should come back and FILL the...
Apologize for the LATE post on this We posted this elsewhere, documented, and bringing it here ---- Yesterday So, #fed tomorrow....... We get 25, likely rally and fade next day or few days later We get 50, likely sell off decently & then rally This could reverse in one day or take week or more #FederalReserve meeting #stocks #crypto #inflation Done for today...
Have you been following my research? Maybe you should stop to consider what is possible with advanced predictive modeling solutions. For example, here are my SPY Cycle Patterns for the past 20+ days - and 20+ days into the...
Amazon - 30d expiry - We look to Buy a break of 105.11 (stop at 98.39) We have a Gap open at 28/10/2022 from 110.96 to 97.91. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Prices have reacted from 81.43. Short...
EPV looks to b breaking out of a falling wedge pattern ahead of the FOMC. does this indicate a bounce in rates and the DXY?
NASDAQ:AMD Taking a look at AMD on the weekly after a nice reaction to earnings See a beautiful spring followed by a back test of the spring and now we are off to the races after breaking that supply line its been in for quite some time doesnt look like this thing is going to slow down anytime soon Looks like buyers are eager to get back into this name. Cant...
Breaking above the $410 resistance level could be a very big sign that bullish price trending is building momentum. Ultimately, I don't believe the SPY has enough momentum to get above $440~450 in 2023 - but I could be wrong. I do believe we will move into a bout of sideways congestion after Q1:2023 - and slide into a period of complacency. Near the start of...
$DXY sideways Will likely move after #FED meet Tomorrow will give BEST idea of direction it's going $BTC has also been stagnant lately @ 24k #GOLD not as much but #silver stuck in range #OIL fighting not break down, small uptrend #DXY #Crypto #BTC #Bitcoin #dollar #currency
Bias: Choppy. FOMC minutes @2et, will likely be quiet until then. Top Watches: Tune in to my Live Stream @9:45 EST for my full list of top stock watches Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
It's FOMC day! The markets have already priced in the 25bps rate hike so Powell's speech will be the most important thing today. A dovish Fed can help Dow Jones break the falling trend line and finally see acceptance above the resistance level of 34000. While I'm expecting a dovish speech from Powell today, the inflation fears are slowly fading away and recession...
Crypto market found the support along with Tesla on a daily chart, which is now turning sharply up with huge volume increase after a completed wave C of an A-B-C correction from the highs. Whales loading? Cryptocurrencies turned up nicely in the last few weeks as USD turns down across the board, following FED comments that they are planning to slow down the...
TESLA (TSLA) showing short term Elliott wave impulsive sequence started from 1/06/2023 low. It should remain supported in 3, 7 or 11 swings and extend higher. Short term, it placed ((iv)) correction at 162.78 low against 1/19/2023 low and favors upside in ((v)) of 3 of (3). It proposed ended weekly correction at 101.20 low at weekly blue box area and favors higher...
As Bullard (FED) spoke, the bond market is challenging the narrative of a soft landing. The 3 month to 10 year yield curve, which has hit every recession in the last 20 years, inverts to its lowest point. Signal that the bond market expects a recession, slowdown or anything that does not mean a soft landing
I spoke about this 2 months ago in DEC22 The position of the $VIX under 20 is a key milestone for the bullish market. Since 22 this has been an indication of key reversals - hence if: – This correlation breaks and VIX continues to stay low – Market acts bullish on today's FED communication We might have something to work on.