Support has become resistance and it's down we go unless we take back the 3855 level and hold it. Tight stop right above there and it's a good risk/reward trade.
Since the “Great Depression 2" exerted itself once again after the
2006-2009 formative stages:
Interest rates have been very low by historical standards.
Real interest rates and inflation have been in decline since the 1980s.
So have Purchasing Power and Real Savings.
While this trend has been a potential boon to borrowers creating the
credit-fueled...
The Depression is now being priced in, the Fed isn't going to mix it
up and reverse course any time soon, if ever.
Planned demolition.
S&P will be cut in One Half, pre-covid lows are on tap this year
and then some.
The FED was quite clear in their FSR they wanted equities 50% lower.
Ignore at your own peril.
For 3 Months we've warned about the SPY Put Ladder...
Yday we were waiting to see if we will have enough supply to break T+2 Low and Key Support at 4084.50-4077.25, move took quite a while to get going as we still had plenty of buyers to fill at the support area, to be honest I already started to think it wont happen so missed the whole ride down but we did break support and sold off right under our next Key Support...
Just a quick trade map of where I think the opportunities might be on the current 4-hour configuration. Looking to get short in the 4075 area with a main target front running the balance area
after a week of chop, mm decided to break it down
and i absolutely don't blame them.
lot of people thought it was a bull flag, myself included, so the market has humbled us this time around.
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we have 4h hidden bullish divergence, and our indicator is starting to print a significant buy signal, should be primed by tomorrow.
cpi data tomorrow morning will be a...
Yesterday played out pretty much as first expected, was able to actually call the high and the low within a few points as mentioned I thought we might stay in tighter range between 4157 and our 4103-4099.75 level and we did. Today Globex attempted to break out of our Key Resistance at 4143.75-4137.50 and failed which trapped a lot of people, with that fail I will...
The ES continues to wedge, making this a rather tough trade at the moment. All year long, these consolidations have eventually rolled over and favored the bears.
However, there has been some bullish developments over the last few weeks, so longs are looking for some upside traction. The next 7 sessions won't make life any easier, I'm afraid.
June 9th is...
Yday I was short biased and thought we will have enough supply to flush Key Support at 4084.50-4077.25 but I did mention that if we do no break support and reach next level down then we can see a rotation back to 4103.25-4099.75 and 4123.75-4119.25, because of the short bias I did not think we will get back to Key Resistance at 4143.75-4137.50 and extend to next...
In today's post, we will compare the current correction in S&P500 with all the similar corrections that happened since the beginning of the bull market in 2009 (the bottom of the 2008 financial crisis).
Why are we doing this? Because in the market, no situation is completely new, and by understanding similar situations in the past, and the following...
Yday we tried to extend out of our Key Resistance at 4143.75-4137.50 and as mentioned pre market holding above that level should give us a test of 4168-4162.25 BUT reaching T+2 high at 4179 was the what we were looking at for continuation higher which we failed to do and came back in under our Key Resistance which was the first sign of weakness, we did sell off...
CURRENCYCOM:US500
-arrows signify 1h imbalances/inefficiencies
-entry and exit off 15m supply and demand zones
-expecting large move down to bottom zone (4011.7)
Friday we got a close in the middle of our 4143-4077 range, Globex failed to continue lower and break 4103.25-4099.75 level and reach Key Support at 4084.50-4077.25 instead we got a push over our Key Resistance at 4143.75-4137.50. Question today is do we hold above our Key Resistance and get continuation higher or do we come back in? We are currently inside our...
NVDA ex dividend on 8th, AMZN split on 6th with anticipation of more buys going into 6th and 7th like it happened with NVDA split as more puts will come in tomorrow which means rally on 6th and 7th and then sell off from 8th to 10th until CPI data which will create more sell off from 10th-17th due to OPEX on 17th unless CPI is down due to manipulation in readings....
