Previously mentioned that the supports are being broken. It gave way after an expected bounce. The dip that followed came with confirmation technical signals as well as a lower low… suggesting that there is downward momentum still. Saving grace lies with a pullback rally to end the previous week just above the support line. However, this appears to be futile, with...
Just noted that the combined equity index chart showed an interesting bullish setup. The downtrend has been a little stronger than (probably) warranted, and now a sign is showing a probably bounce off a support level. Support broke and the next day rebounded to recover. This formed the bullish Piercing Line Pattern and it reclaimed the support that was broken...
Traders, A strong dollar (11 weeks straight of green candles) and an elevated VIX has helped to trigger a break of this H&S neckline on the SPY chart. The pattern is now playing out but we are on support on the RSI chart where we can usually expect a bounce. Additionally, we have strong support at the 200 day ma just below us. Our target on this H&S is 410. The...
Traders, In yesterday's post, I hinted at the fact that it looks as though SPY's upward trend, irrational as it may seem, will continue, fulfilling my blow-off top thesis. I still believe this to be true. However, along the way up, there will be obvious pullbacks. We now have what looks to be a completed H&S pattern formed on SPY. Currently, we are testing this...
Traders, For the last year you have heard me preach this blow-off top. So far, we've nailed it. Today, the FED decided to continue the pause. No surprises here and it turned out to be a non-event in the market. The FED knows that they are "this close" to breaking everything. Macro-economically, we are on the brink of disaster both nationally and globally. Many...
Bear in mind that the most obvious is the clearest (pun not intended). The combined weekly charts stalled and reversed to breakdown hard and fast. Technical point to more downside, after a relief bounce due soon. This September already starts to look really bad for the equity markets. The daily support will be tested, and expected to eventually break. Then the...
-Here's my quad chart analysis of ES1!, the S&P500 futures index, displaying striking accuracy with Fibonacci retracements. -The top two boxes present micro charts on daily tf's, showing recent Fibonacci-based peaks and troughs. The bottom two are weekly schematics on 3 Day tf's, revealing longer-term trends obediently following Fib levels. -KEEP IN MIND THE...
The History of Modern Humanity is flawed. A lie is a better word. Our history starts with the S&P being formed in 1870. We then have the Invention of the Telephone and the lightbulb a few years later... (What a Coincidence) We see the impossible to construct Worlds Fairs Buildings of 1883 knocked down and our history rewritten. The Market has been turned into a...
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
Traders, The big news this week was that inflation is now just under 3 percent! This is hugely bullish as any further certainty as to what actions the FED will take in the future only aids in investing confidence. Along with this news, we will cover the dollar decline, VIX 2-year low levels, and stocks beginning to break out even further, confirming my long-held...
Quick review... The combined charts appears to be giving a very clear heads up - with a candlestick sandwich ! Together with falling volumes, or in this case a falling VolDiv indicator, once the two red lines are broken, it is going way down, probably close to 600. MACD is also supporting a weakening rally that is long in the tooth. A storm is brewing... you...
The S&P 500 is facing a significant correction due to the potential bursting of the Federal Reserve's asset bubble, which is currently driving its artificially inflated values. Amidst signs of overheating markets, soaring valuations, and unsustainable monetary policies, the equity market is on the brink of a major downturn. The 2008 financial crisis, a debacle of...
As mentioned in previous heads up over the last weeks, it had finally happened (as expected) that the SG10Y GB yield rates break out of trend line resistance. And from previous occurrences, this is a very reliable inverse leading indicator of the SPY (and other related equity indexes); meaning that the SPY should be tanking downwards within the next week or...
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
From a technical point of view, the SPX is in a rising wedge pattern with bearish divergences on the indicators and a FIBO retracement near 61.8%. From a macro point of view, it should be remembered that all inflationary shocks have always caused a recession, the warning signs of which are bank failures (Silvergate Bank, Silicon Valley Bank, Signature Bank, First...
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels. I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy, which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
Overlayed the TIP a chart with SPY (blue line). Quite clear that TIP (amongst JNK/HYG and even copper) precedes the index. Given all previous analyses and outlook, what we would like to see is that TIP break out and above its trend line resistance, as does its VolDiv. When this happens, can expect a bullish advancement. MACD has not yet turned to crossover, but...
From the combined weekly chart, it appears that the indices are bullish and on the way up. 1. Tested, bounced off and broke above the Fake Out Lines; 2. Last week's candle is obviously bullish with momentum 3. MACD and VolDiv are both supportive of bullish upside 4. TD Sequential primary trend is bearish, but the current setup appears to aim for a completion over...