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Uptrend

Are we heading into euphoria or a technical reset?Here we can clearly see that the market structure keeps trending up, in very aggressive manners. Many technical resets have been made, and recently we went through one that lasted almost the entire Biden administration. Even though this reset is great for price action, it seems that it is quickly becoming parabolic. If price continues to behave in this manner, then we could be headed into euphoria. It's crazy to think that the yield curve has been inverted for this long. Failure to reset technicals could bring us into a period with great short term yield. This could potentially captivate novice traders to become overconfident. Start paying attention to people around you if we keep on trending upward. Is your common foe suddenly talking about stocks and investments? I personally don't feel that way yet. But I can't deny the excitement people feel of finally reaching new time highs. I'm not saying we are heading into a crash right now. But technicals and fundamentals are beginning to line up for what seems to be extreme optimism with flashing warning signs. I don't feel too confident in this market and would prefer to be buying at lower prices and see price trend up slower. A reset is necessary, or else we will be headed into an unhealthy and very violent uptrend.
SP:SPXLong
by DarkMessiah777
2
Long term perspectiveThe short term pull back can be an effect due to the upcoming interest rate this upcoming june, and this pull back is a good sign of buying opportunity for long-term. The key point in here is that the bond is set to move downward means the dollar might also fall and so the stocks will do the opposite direction. Dollar cost averaging I believe is the best strategy for now due to uncertainty of when will the market executw the direction that we are eyeing. This is a pov, an speculation, invest at your own risk.
TVC:US01YLong
by IMODERAT0RI
Platinum Approaching Key SupportVersus the US dollar, Platinum is inching closer to a notable area of support after refreshing year-to-date highs of $1,095 last week. Having seen price action pencil in a clear uptrend since February this year, a test of support between $987 and $1,002 could have dip-buyers make a show. The support area consists of two horizontal support levels around $990, one of which represents a failed Quasimodo resistance (turned possible support), a descending support line, extended from the high of $1,013, a 38.2% Fibonacci retracement ratio and a 50.0% retracement ratio at $997 as well as a 100% projection ratio coming in from $987.
TVC:PLATINUMLong
by FPMarkets
Market is on its Upper Band - Its 2nd Camel HumpAll the major markets are testing their upper band channels since their first major hump in the 90s. The Russell 2000 has reached its second hump and is on the way down. Though the Russell 2000 is the least known among the four indices, it serves as a leading indicator for the other three. Why? The Russell 2000 comprises 2000 mid-sized listed companies, which I believe employ the largest workforce in the United States. This means their employees are also the mass consumers who use or buy products and services listed on the Nasdaq, S&P, and Dow Jones. When the Russell 2000 is not doing well, mass consumers tend to spend less, and the rest of the indices subsequently follow. Micro E-mini Futures & Options Ticker: MYM Minimum fluctuation: Outright: 1.0 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
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TVC:RUTShort
by konhow
10