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SPX (S&P500 Index) - Potential Breakout Before Earnings 01/2023 The SPX (S&P500 Index) price is attempting to breakout above $4000, as earning season kicks off on 1/17/2023. Bullish scenario: Inverse Head-and-Shoulder price pattern breaks out above $4000 resistance neckline zone. Resistance targets would then be $4085, $4300, $4600. Bearish scenario: Double-top price pattern rejects price and drops back down to $3900, $3800, $3600. The bottom of the yellow descending wedge trendlines could be an area of support. Note: be aware of any corporate earnings, breaking/global/fundamental news that could override technical chart setups. Fibonacci retracement levels were selected from 3/2020 to 1/2022.
SP:SPX
by NoFomoCharts
1
AMZN LONG expectation Instrument: AMZN Optimum technical indicator: OBV EMA 20 Current signal: LONG Technical indicator win-rate: 47% Days for backtesting: 2220 Timeframe for testing: 1D Forecast day price: 89,8700 Enter point: 90,000 Take-profit: 94,000 Current stop-loss: 86,6913 Multiple for stop-loss strategy ATR(14): 1,1 Average trades per month with optimum technical indicator: 3 Average time for 1 trade with optimum technical indicator: 7 Average profit per 1 trade: 1,76% Projected annual return w/o leverage: 30,2% Technical analysis applicability for 3325 technical strategies: 97% Technical analysis recommendations: Long: 36% Short: 59% Neutral: 5% Stable long-term profit for FOREX, CRYPTO, Equity based on backtesting optimization algorithm. Instant analysis of 3.2K technical strategies
NASDAQ:AMZNLong
by Trading_investing_2021
Is it the bottom?The graph shows the fall in wage income relative to the rise in prices. We see a rapid decline in the income of citizens. Perhaps this is the effect of the January holidays, because. salaries haven’t yet arrived at the bank and therefore the 3rd week of January is the most depressing. This trend was observed in the period 1979-1981, and it was the bottom of social sentiment. There is one difference - in the past it coincided with the bottom in the stock markets, now, in our opinion, we haven’t reached it. What conclusion can be drawn from these statistics?
FRED:LES1252881600Q
by Financial_Wave
Earn 5 times your risk with ITUBThe algorithm is proposing a trade in ITUB which seems quite interesting. A channel has been formed creating a kind of big flag. The most probable scenario is a bounce to the upper zone again but be ready for a retest of the lows, so if the channel breaks down you can also profit by shorting with a risk reward of 2. If the price bounce as expected, the risk reward is 5 so it's amazing in terms of ratios. You need just 1 trade to compensate 5 loses in similar trades.
NYSE:ITUBLong
by TopChartPatterns
Historical buy opportunity in DisneyThe algorithm is showing Disney in a very important historical support zone. In the chart you can see the historical channel and how the price is approaching the support line. Furthermore the 80$ is a key support that if it's lost could move the price to 43$ easily because there is no other serious support or historical volume. So, by buying slightly over 80$ or even 90$ you can use a very tight stop loss and unlock a potential of 60% to the first take profits or even 120% if the prices goes back to maximum price. Right now and leaving in the first take profits, you can risk 1$ to earn at least 6$ which is a crazy risk reward ratio for any trader.
NYSE:DISLong
by TopChartPatterns
U.S. Stock Market: What To Expect In 2023? 2022 has become the most volatile year in a decade: the world economy is going through tough times, central banks are struggling with high inflation, and the stock market has been under pressure from a bearish trend since the beginning of the year. Will the situation change in 2023 and what should investors expect? The main reason for the decline in the U.S. stock market this year has been higher inflation and the U.S. Federal Reserve's (Fed) response to curb inflation. June saw record inflation data which broke a 40-year high and cemented a bearish trend in the market which had been going on since the beginning of the year. As history shows, the average bear market since World War II has lasted 14 months and resulted in declines of more than 30% from previous highs. The current trend has now lasted more than 11 months. From this, we can conclude that statistically speaking, we are two-thirds of the way through. In addition, one of the fundamental reasons why the market will show strong growth soon is the excess of money from investors. A serious bear market forms precisely when people start selling stocks when they are in need of money. Right now, investors are selling stocks simply because they are afraid of losing value. But such corrections always come to an end pretty quickly, replaced by an equally tumultuous rise. Investors are holding huge amounts of cash right now, and the money supply is at record levels. That gives confidence that markets will rebound quickly. Better now is the opportunity to buy companies with strong financial fundamentals at a discounted price. In addition, inflation in the U.S. continues to slow: November data showed a decline to 7.1%, which exceeded analysts' expectations. The dynamics of inflation and the rate of its slowdown are a certain signal of the Fed's successful policy, giving additional hope to stock market participants that the regulator will start easing its monetary policy this year. Basically, experts consider three scenarios for the U.S. economy this year: Optimistic Scenario. Economic activity continues to slow down, and the economy remains under pressure, but growth remains at 1%. Inflation slows at an accelerated pace, and the Fed may cut the rate to 4.25%, by the end of 2023. Moderate Recession. The economy may experience a mild recession during the first half of 2023, but by the second half of 2023, economic activity recovers, the Fed cuts the rate to 4.75%, and signals further easing of monetary policy while maintaining a downward trend in inflation. Stagflation. This scenario is based on a more sustained inflation trend in 2023, which encourages the Fed to take more aggressive steps and allows rates to be cut only to 5.5% at the end of 2023. However, the likelihood of this scenario developing is very low, as inflation is already showing a good rate of deceleration. At the same time, some believe that the U.S. can avoid a recession this year and go with the optimistic scenario. The stock market is supported by strong economic macro data and some issuers have already proven their ability to withstand a rate hike. The stock market has fallen on fears and expectations last year, but in such situations, fear quickly changes to euphoria. There is potential in the U.S. stock market, and we should not rule out the possibility that the S&P 500 index could gain 15% in 2023 from current positions.
SP:SPXLong
by FOREXN1
17
Germany30 Technical AnalysisHello traders! Europe and most dominant economies of it such as England, Germany and France are under fire but regardless good news from USA have eased the situation and some pressure. It reasonable to buy some of the positions on retest of recent support levels such as a historic 1W timeframe- 13602 / 13011. Bearish trend has been stopped and looking for more upside in the upcoming weeks. Like and subscribe if you agree and you want to discuss the ideas all together.
OANDA:DE30EURLong
by federalAntelop4954