SPX on an increased valuation, I still think a correction down to test the previous high at 4.800 would make sense ..
We can see a kind of optimistic sentiment in the market currently supported by the commonly expected rates decreasing by the Fed in Q1 of 2024. When this happens it would most probably push the SPX even higher for a while at least. Looking a the low VIX value we have not seen since January 2020 and the idea of a long-term average trend of SPX I think it would...
I would like to see SPY break the upper trend line of the down trend channel, test the same trend line as a new support trend line and then move up to 430 in a symmetric move with the latest swing just before the break
I would love to see TSLA hold the down trend channel for now and therefore swing up to the upper channel trend line somewhere between 200 and 225. Let’s see how it goes.. I'm in :-)
There is a 23% grow on VIX from the last low here, therefore I would expect a little pull back at least down to 21.20
Unfortunately the market sentiment is very negative, SPX can break the down channel either down or up. Watch the VIX for more anticipation - it is nearing its 2SD where we could see some reactions as it acts as resistance. In case it goes up towards 45, we will see SPX dropping to 3200 area, in case VIX would cool down to its average values, there could be a 30 -...
The ideas about DIS next move is to may fill the gap first, test the previous high and pull back before it clears the way up again. It would also work in a nice uptrend channel.. VIX near its long average value means there is a possible increase and stock and indexes pull back..
SPY down to 440 in case it respects this channel. room for a quick short swing or wait and watch SPY reaction around the bottom line at 440
Interesting triangle on NRG, definitely worth to watch, energy sector on a good momentum right now, P/E 4, dividend 3.72%
There is a MACD divergence compared to price action on CSCO, so lets watch it for possible break out
AMD on daily chart may builds a head and shoulders pattern, on weekly still well extended - did bounce off -2ATR few weeks ago, P/E 42, so I would not be surpriced if AMD would drop down to support area between 90 and 100 USD, also -2ATR points to 92.14 right now. Earnings on 3th of May could change the game in one or another direction..
MSFT idea on downtrend break, measuring of the last two swings is giving us potencial movement up to area of 325 for a short time swing