The S&P500 (SPX) hit today the 4H MA50 (blue trend-line) again and the Higher Lows since the March 13 bottom. That was a bottom on the 5-month Channel Up and the best buy opportunity on a 1 month time-frame. With the 4H RSI sequence similar to the Higher Lows of the previous bullish leg in late December/ early January, we see SPX attempting to price the new Low....
👉Stream Content: Price Action based TA, Key Level gain/loss, Swing Failure for Crypto and TradFi Markets 👉Scheduled Streams: Monday - Friday 9:15 am EST (15 minutes before NYSE Open)
Hi traders, I'm sure everyone who watches markets has made some kind of chart like this over the past six months, but I thought I'd share for those of us more comfortable with reading price action rather than economic reports or the news (obviously one needs both to be a truly excellent trader or analyst). I marked off with the pink vertical lines every low...
Note ! The KST Indicator on the S+P 500 Daily Chart, has formed a "bullish double bottom", (See Attached Chart) and this morning has just "crossed perceptively ABOVE " its declining trend line" at 26.31, Last at 26.55, potentially signifying a "confirmed " bullish short term reversal in the market. After yesterdays Fed interest rate announcement, stocks dropped...
A lesson in patience and precision during FOMC!
trying to capitalize on a potential SPX move to the upside. green box is the condor and term.
Hello traders! In previous posts we explained how we believed the last leg up from October's low in the SP to be a primary corrective wave (B) to the upside on overconfidence about the soft landing narrative and FED policies. You can see from this daily chart how low were volumes during this last period. We were expecting the target of this upside movement to be...
Collateral Damage or Covert Help? (after being stuck in an indeterminate state, our models are out today with their trading plans for the day) The banking meltdown seems to be the collateral damage from the Fed's battle with inflation. Chair Powell tried his best to be balanced in his press conference post-FOMC yesterday, trying to indicate his preparedness to...
Pair : SPX500 Index Description : Break of Structure Rising Wedge as an Corrective Pattern in STF and LTF with the Breakout of LTL and Retracement Divergence Impulse Correction Impulse Bullish Channel Consolidation Completed " ABC " Corrective Wave
SPx STABILIZING ABOVE 3968 will be bullish to get 4010 and above it 4040 but stabilizing under 3946 will be bearish Pivot Price: 3968 Support prices: 3946 & 3920 Resistance prices: 4007 & 4040 & 4058
The narrative: Time and Price delivery using ICT Concept This is for educational purposes only trade on a demo account. CLosed at 20 Handles 10% Gain
Good morning and welcome to episode 811 of ‘Talking Bull’. Latest headlines today, Fed hikes 25 basis points, Rate forecasts little changed, Powell wary over credit tightening, Dollar slides amid lower yields, Bank of England & SNB decision
Hello & welcome to this analysis S&P on the eve of FOMC meet is at the slanting trendline with a diagonal ripe for a pullback/reversal 4017 needs to be breached on the upside 3950 if broken then more downside coming
Traders! S&P 500 repeats its history as it completed 2 green cycles of 12.5% before the red cycle. Similarly, it completed 2 green cycles of 19.5% so be prepared for the red cycle. MACD also looks bearish. Keep in mind inflation and DXY. ENJOY😊
• The SPX did a top sign yesterday, just after it hit its resistance at the purple trend line, which is connecting the previous tops; • What’s more, the index lost the 21 ema. It seems Futures are stabilizing, but the situation is still problematic; • In theory, if we don’t see a very strong bullish reaction, as soon as possible, the index would just keep...
Paul's away I am following through on yesterday's trade setups and a look at Bitcoin.
Yesterday, the FED hiked interest rates by 25 basis points, causing an initial rally in the U.S. stock market, followed by a selloff after FOMC’s press release. In his speech, Jerome Powell acknowledged the persistence of high inflation (replacing the tone of “easing inflation”), banking sector problems, and a strong labor market. Furthermore, he reiterated FED’s...
not financial advice. this is how I have my orders set along with TP's. will see how it plans out