📉📈S&P500 Struggles At Support Zone📉📈📉📈S&P500 Struggles At Support Zone
📉📈S&P500 Still struggling, as I wrote in my previous post that I don't see a chance that the buyers' attempted attack will be successful:
📉📈This is what happened
📉📈It looks as if, after yesterday's declines, an opportunity has opened up to attack yet another support zone defined by the 0.618 level of the entire upward wave from the bottom.
📉📈So far, the technical situation supports the downward scenario and it seems to me that we may see an attempt by the bears to attack the 3700 area in the near future.
📉📈The scenario I am currently playing out is to wait for the declines to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📉📈*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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Dollar-index
📉📈S&P500 I Advise Caution📉📈📉📈S&P500 I Advise Caution
📉📈This post is a direct follow-up to my yesterday post in which I wrote about the possibility of accumulation around a support zone:
📉📈Today we opened with an upward gap but I would recommend caution when making decisions around the support zone.
📉📈Looking at the technical environment, an accumulation around the 3800 level seems very likely to me.
📉📈Hence, I am not making any buy or sell decision at the moment.
📉📈It looks like the accumulation will be able to last for a while.
📉📈Everything will turn out over the next few weeks.
📉📈The scenario I am playing out is to wait for the right moment to continue the uptrend. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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DXY WEEKLY OUTLOOK DXY
2 scenerios for this coming week (very heavy with CPI and FOMC this week)
1) Looking for a continuation melt on the dollar index with a small bear flag on the hourly timeframe. With a break of structure I can see further downside on the dollar which would give rise in the equities market.
2) Looking at the dollar index to form a double top at 106.5 - 107 region for better risk to reward sells which means this will give equites, crypto a short-term downside move as we are currently experiencing now which can serve as manipulation or liquidity grabs to the downside for further upside later in the week or the coming weeks.
Inflations Prints (CPI TUESDAY 9.30 PM SGT)
As per seen from the prints of previous month, inflation is easing. We will be looking for Tuesday's print to be lower than that of previous month of 0.4% to signify a continuation of easing prints for the months ahead. If inflation were to print higher than 0.4%, we can safely gauge that the prints of previous month was a "One Trick-Pony". We will be looking at a continuation of bearish equities market / stocks / crypt and gold and dollar dominance.
Inflation prints is in direct correlation to the FOMC monetary policy. If inflation is easing due to constant aggressive rate hikes, we can be looking at the FEDs to ease rate hikes accordingly as well. The market has been pricing in a Fed pivot Phase 1 and expecting rate hikes to be eased this month printing at 50 BPS. We will be looking at dollar weakness and bullishness across all global markets when this happens.
InvestMate|DXY Declines Before Increases💵💵DXY Declines Before Increases
💵Looking at how the dollar has behaved in recent days, it is not difficult to get the impression that we have not exhausted the full downside potential.
💵We have stopped at the first support zone.
💵I think we can stay between the nearest supports for a while.
💵Everything currently points to a continuation of the declines.
💵But I would be very careful, at any time we are eventually able to make an upward correction.
💵The support zone we are currently on was determined by the level of the 0.236 level of the entire upward wave from the 2008 bottom to the 2022 peak.
💵The lower support zone was determined on the basis of the downward wave from the 1969 peak to the 1978 bottom.
💵The resistance zone that is above us was determined by the 0.681 level of the entire downward wave from the 1969 peak to the 1978 bottom.
💵The scenario I am playing out is a slight descent between the support zones and waiting for the upside to start, to the vicinity of the resistance zones. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|DXY, So what are we growing?📈📈DXY, So what are we growing?
📈Post is a direct continuation of my short position on DXY which was a success:
📈As I have written in previous posts after such a sharp discount it will be time for growth.
📈I think we are in the right place to be increasingly confident of these increases.
📈The final test of the test will be the resistance zone resulting from the cluster of the 0.382 level of the entire downward wave and the 1:1 level of the largest upward correction.
📈If there is no major correction or test of support levels. We can confidently expect increases.
📈The scenario I am playing out is to continue the upside to the resistance zone and watch how the price reacts there
📈*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|DXY, where to join the rise?💲💲DXY, where to join the rise?
💲Post is a direct continuation of my previous analysis:
💲As we can see as I wrote we have started a wave of rises on the US dollar.
💲In this case, I have determined for you a possible support point from which the price will again continue the increases.
💲The point was based on the fibo level of 0.382 of the entire upward wave and where the previous price found resistance.
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DXY : Between The Bullish and The Bearish Scenario! Why?DXY : Between The Bullish and The Bearish Scenario! Why?
⚠️BREAKING:
REPUBLICANS WIN ENOUGH SEATS TO GAIN CONTROL OF THE U.S. HOUSE OF REPRESENTATIVES
The above news may create some volatility today regarding the USD.
The market will have to take a stance on the future direction of the government and the dollar.
The biggest problem is that traders will have to deal with the fact of speculation with this news.
So we can never know what might come next as these events are heavily interpreted by news websites for future impacts on the US economy. So be careful.
At least that will happen until the market absorbs the news.
Thank you!
InvestMate|DXY Correction before continuing declines💲💲DXY Correction before continuing declines
💲In today's post we will look at the situation on the dollar index.
💲As in last post I perfectly predicted the declines by presenting my observations on current monetary policy in the US, I refer to the material below:
💲This time I think there is a chance to make an upward correction in the downtrend.
💲I have used several technical analysis tools on the chart, I will describe each one separately below:
💲1. I have determined the downward channel of the downtrend
This has been respected many times in the past, as we can see we are currently below it, and there is a high probability of a return to the middle.
💲2 I measured the fibo waves from the peak to the current low. The levels could provide resistance in the future
💲3 I measured the biggest correction in the downward momentum and came up with the level of the 1:1 equality of the biggest correction falling at the level of 110.168
💲4 I have set a support zone at current levels, we can see that this price level has been a zone of interest in the past.
💲5 I determined a resistance zone, based on the 0.382 level cluster of the downward wave and the 1:1 range of the largest upward correction. The location on the chart is not coincidental, price has found solid support at these points in the past
💲The scenario I'm playing out is for a correction to the resistance zone from where the next downward wave will start, all due to a weakening dollar based on the ever-closer valuation of the peak of the interest rate hike and falling inflation. For more fundamental data, I refer you to my previous post on the dollar
💲*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
$USOIL $97 short-term target 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Hello fellow traders and investors! My team isn't expecting oil/gas demand to slow down anytime soon. A long-term target of $132 and beyond is on the horizon. Ever since the war in Ukraine began the Biden administration has been trying their hardest to keep prices down by releasing war-time oil reserves periodically. This is a temporary solution, and my team believes that it will eventually lead to a blow off top. Raising interest rates seems to be the feds only solution to combating the situation, yet it has become evidently clear that they have no idea what to do and whether or not this will actually solve the issue.
These are just our thoughts surrounding the situation and things could change quickly with the emergence of new information. We hope that this helps!
!! This chart analysis is for reference purposes only !!
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DXY very bullish ! growth can continue up to 120The Fed had on Wednesday had hiked the upper target for fed funds to 4.0%, its highest since the Great Financial Crisis, while Chair Jerome Powell had said that interest rates will have to go higher than previously thought, even if the size of individual hikes from now on is likely to be smaller than the 75 basis points seen at the last four meetings. If we can break through the previous high, the growth will continue very strongly.
DXY Will Fall! Sell!
Hello,Traders!
DXY was trading in an uptrend
But then the index broke the rising support
Went down and the up again
To retest the supply level above
From where I think it will go down
Towards the target below
Buy!
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