My First publication : Bearish US30 (FINALLY)
Technical perspective :
1)Rising Wedge: AS we can see in the Chart, the US30 as form an almost perfect Rising wedge! After CPI news this Tuesday Feb13th, it broke it's strong support trend line aggressively. On the 14, of course the Us30 finished the day green which confirm me that it may be doing it's Retest. And I'm looking for a sweet sniper entry level by the end of the week or by the beginning of next week.
2) RSI and the MACD : Since the beginning of 2024, MACD line have crossed. But it hasn't gone bearish yet for many reason. The RSI is overbought
3) On the TF, before the Drop, there was a nice POI level that will be filled before going down.
4) There's a lot of FVG that need's to be filled.
My best guess is that We are going bearish at leat until the 4h 200EMa is cross and even better until the 1D 200EMA is touch
Fundamentals perspective
1. Everybody thought the Fed were going to cut rate, but the Fed's first cut will come later in 2024 than they had earlier forecast. In other words, don't hold your breath for a cut at either of its next two meetings, in March and May. (https://www.cbsnews.com/news/interest-rate-cut-2024-when-will-fed-cut-rates-inflation-experts/
2. On February 13th, The Core inflation Rate was higher than Forecast and higher than previous, which tend to think again that Feds are not cutting rate anytime soon.
3. A lot of incertitude is going on with the market, so let's see.
P.S. : This is my first publication, I have been trading since only 1 year and part time. But wanted to share my thoughts. Also, english is my second language so I might done some mistakes. Thank you
1)Rising Wedge: AS we can see in the Chart, the US30 as form an almost perfect Rising wedge! After CPI news this Tuesday Feb13th, it broke it's strong support trend line aggressively. On the 14, of course the Us30 finished the day green which confirm me that it may be doing it's Retest. And I'm looking for a sweet sniper entry level by the end of the week or by the beginning of next week.
2) RSI and the MACD : Since the beginning of 2024, MACD line have crossed. But it hasn't gone bearish yet for many reason. The RSI is overbought
3) On the TF, before the Drop, there was a nice POI level that will be filled before going down.
4) There's a lot of FVG that need's to be filled.
My best guess is that We are going bearish at leat until the 4h 200EMa is cross and even better until the 1D 200EMA is touch
Fundamentals perspective
1. Everybody thought the Fed were going to cut rate, but the Fed's first cut will come later in 2024 than they had earlier forecast. In other words, don't hold your breath for a cut at either of its next two meetings, in March and May. (https://www.cbsnews.com/news/interest-rate-cut-2024-when-will-fed-cut-rates-inflation-experts/
2. On February 13th, The Core inflation Rate was higher than Forecast and higher than previous, which tend to think again that Feds are not cutting rate anytime soon.
3. A lot of incertitude is going on with the market, so let's see.
P.S. : This is my first publication, I have been trading since only 1 year and part time. But wanted to share my thoughts. Also, english is my second language so I might done some mistakes. Thank you
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.