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SPX (S&P 500 Index)

BTCUSD | ViolationClassic price-based ribbons are commonly used. Their inversion signifies a bear market, while their normalization a bull one. They are unfortunately very laggy. In markets, it is trends that change first and then prices. Therefore, a trend-based ribbon can prove a highly responsive and clear way to visualize market cycles. This trend-based ribbon can be used as a price centerline and as an indicator of market trends. With this trend-based ribbon, the famous 1970s stagflation and the 2000s stagnation is clearly discernible. Applying this indicator to Bitcoin, we realize the following. We are entering a period o stagnation for Bitcoin. Its trend-ribbon has began inverting. This has happened in 2015 and 2022. Also notice the broader Crypto problems. P.S. PineCoders have banned dozens of my indicators for violating "House Rules" I don't know which rule in specific, because many of them were open-source. Some of you may have briefly seen some of them before their demise. The protagonist indicator of this idea, called Trend-Based Ribbon, got banned yesterday. This idea is posted after following some useful guidance from PineCoders. In this fashion, I can analyze a chart and talk about it with you, while at the same time showing you the reaction of my indicators. I thank them for the workaround. Feel free to ask for a private copy by commenting below. I will get to you ASAP. Individual, you are convicted of multi-anti-civil violations . Implicit citizenship revoked, status: malignant P.S. Again... I got sick of having all of my work banned. I have been developing these indicators for hundreds of hours, only to see them locked for no explanation. (They can't ban an idea now, can they?)
INDEX:BTCUSD
by akikostas
14
Markets Finding Equilibrium Before FOMCAll major indexes and broad market advancing today with the US CPI/PPI combo causing some big recoveries since the post Labor Day selloff. Momentum goes to the bulls for now until price proves otherwise. FED likely to cut 25 bps next week with more to come by end of year. It's amazing how quickly sentiment can shift like it did with Aug 1-5 and after, and again Sep 3-6 and after. I hope you enjoy today's video. Friday's close for the day and week will be important and perhaps it's all quiet on the western front heading into FOMC next week where price can be excitable and volatile, but we'll do our best to navigate everything. Thanks for watching!!! See you in the markets.
AMEX:XLRE
by ChrisPulver
1
2024-09-12 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Strong follow through by the bulls after another nasty bear trap. On lower time frames we got some sell spikes but mostly due to bulls taking profits and not strong bears shorting. Bullish price action can’t be denied and on the daily charts we are moving closer to the shallow bear trend lines from the ath and we are mostly inside triangles. Daily charts tell the story and it’s bullish so we can’t expect a strong bear reversal tomorrow. sp500 e-mini futures comment: Triangle is still my preferred pattern for now. Tomorrow we could see 5640 but anything above is uncertain. At that level I would get out of most longs. Currently I don’t have any interest in selling, since we have seen many bear traps. Today bears could not close a 1h bar below the 20ema, so look how market behaves if we get there again tomorrow. Buy on strength and don’t get fooled into shorts on strong selling. It was strong but disappeared in an instance and bulls melted higher again. current market cycle: t rading range and also minor bull trend inside since we are making higher lows and higher highs key levels: 5400 -5650 bull case: Bulls bought 5550 until bears gave up. The selling around the open was strong enough to trap many bears and that’s why the move up was so violent again. Bulls are in full control until we make lower lows again. Targets above are obvious. Next one is open of the month + high of the month around 5670 and above that is the ath 5721. Last time we got above 5600, market did go sideways for 10 days and this time we could see a breakout above or below somewhat faster. Invalidation is below 5540. bear case: Bears tried to keep it below 5580 but since they could not close below the 1h for 3h, they gave up and market moved up in a perfect small pullback bull trend which held above the 1m 20ema for an hour and 35 points. So what’s next for bears? Do or die moment around 5650 to keep it a lower high. If they fail, we most likely print a new ath. Rough guess is that bears won’t try to close the week with a red bar but just keep it below 5670. Invalidation is above 5670. short term: Max bullishness as long as the 1h 20ema is not broken and until we hit 5650/5660. I’d close longs there on any weakness and probably won’t do anything until next week. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Only intraday scalps currently. Still think next 500 points are made to the downside and not up. trade of the day: Buying the bear trap on the US open was as perfect of a trade as it gets.
CME_MINI:MES1!Long
by priceactiontds
Full ES/SPX Trading Plan for Tmmr Sept 12thPlan for Thursday: Supports: 5554, 5543 (major), 5537, 5528, 5518-15 (major), 5511, 5503 (major), 5492 (major), 5483, 5474, 5467, 5464 (major), 5457, 5445 (major), 5438 (major), 5433, 5423 (major). Today’s session was incredibly strong. I’m still holding my 10% long runner from 5438, over 100 points below. With such a rally, setups are scarce. Why this is a risky time to trade: • Longs are risky as we’re 140 points off the lows, and chasing here without a pullback adds rug-pull risk. • Shorts are risky because fighting the trend after such a big move can be dangerous. • Chop risk is high because both longs and shorts are huge risk Traders need to recognize when the market is ideal for trading and when caution is required. After a huge uptrend day, the market needs time for price discovery: 1. Pullback (the deeper and faster, the better). 2. New pattern/structure forming. For now, I’m protecting profits and not actively trading. Looking for 1 trade. • First key support is 5543, but after such a rally, I’m not interested in buying the first dip, as these supports rarely hold. • A potential trade could arise if we dip to 5537 and recover. Below that, 5515-18 is worth watching, but 5492 is the more interesting level where I’d consider a small long. • If we see a rapid drop below 5492, it’s safer to wait for a recovery above 5502 before entering. If 5492 fails, the rally could be in trouble, with deeper supports at 5464, 5445, and 5424. Should 5424 give way, new lows are possible. Resistances: 5558 (major), 5565, 5572 (major), 5585 (major), 5593, 5605 (major), 5611, 5620, 5630 (major), 5638, 5644, 5654, 5660-62 (major), 5673 (major), 5705-10 (major), 5750, 5757-60 (major), 5794 (major). I avoid shorting into strength, especially after a day like this. Short squeezes in ES are violent, particularly during corrections or bear markets. Traders who want to short should watch 5585-93, a key zone for sellers. If broken, the path to all-time highs is smooth. Buyers Case for Tomorrow: After today’s monster squeeze, a pullback or red day tomorrow wouldn’t be surprising and might be healthy. Generally, the buyers case would see ES push higher to backtest 5585-93, which includes the bull flag resistance and 5585, where last week’s breakdown triggered the September crash. A strong buyers case would involve flagging under today’s highs and above 5542. Losing 5542 could signal a deeper pullback toward the supports discussed. Normally, I’d suggest adding on strength, but after a 140-point rally without a pullback, I can’t advocate chasing longs. Flagging between 5542 and 5566 could be constructive for a breakout to 5585-93, a decision point. If buyers return and accept that level, the next targets are 5605, 5630, and 5660 for a potential run at all-time highs. Sellers Case for Tomorrow: A real sellers case is distant. The short-term sellers case starts with failure at 5492. Breakdown trades below support often fail and trap traders. These are high-risk, high-reward trades with a low win rate. I’d avoid chasing them unless a failed breakdown recovers. If you’re not comfortable with getting trapped, it’s better to pass on these setups. My core focus is failed breakdowns, where a breakdown looks likely but reverses. To play this, I need to see a bounce off 5492. Below this, shorts become more attractive, but cautiously. The failure of 5542 tomorrow could also set up a high-risk short, though I’d need to see a failed breakdown at 5537 and a recovery before shorting. Summary: After today’s 140-point rally, I’m stepping back to let the market discover its next move. If 5543-37 holds, the path to 5585-93 is clear, and sellers may make a stand there. If 5543-37 fails, we’ll likely dip toward deeper supports and reassess.
CME_MINI:ES1!
by ESMorg
S&P 500 Poised for Bullish Move Ahead of CPI ReportS&P 500 Technical Analysis with Inflation Data: U.S. futures remain steady ahead of the highly anticipated CPI report. The market is expected to be highly sensitive to the results. Current projections suggest the CPI will be around 2.5%, which would signal a weakening USD, potentially driving indices into a strong bullish trend. However, if the CPI comes in above 2.7% or 2.8%, the market movement could become unpredictable, with a possible downward shift. The S&P 500 is currently trading above the pivot line of 5,453, with potential upside targets at 5,526 and 5,573. Conversely, if the price falls below 5,453, it increases the likelihood of a move toward 5,412, particularly if the CPI exceeds 2.7%. Key Levels: Pivot Point: 5460 Resistance Levels: 5525, 5573, 5616 Support Levels: 5436, 5412, 5360 Expected Trading Range: 5412 - 5573 Trend: Bullish as long as the price remains above 5,453.
OANDA:SPX500USDLong
by SroshMayi
2yr Yield - FEDFUNDS "Inversion"Over the past ~25yr, we've seen 3 instances of 2yr Yield dropping below the FEDFUNDS rate set by the Federal Reserve. All 3 instances coincide with Recessions. On this chart, you see the Yield Differential (Yellow), the SPX (Candles), along with the time of said "Rate Cycle Inversions" (Blue Bar Counts Below Price). As you can see, all 3 previous instances lead to significant corrections and/or volatility with notable downside. Not since the 2008 "GFC" have we seen an "inversion" of this magnitude. While correlation is NOT causation...It can be a "warning light" signaling 'Danger Ahead'. It is certainly forewarning us that the probabilities of a recession/down-turn are gaining momentum. Yes, people have been calling for Doom n Gloom, "Top is In", Recession imminent... for a couple years now. And I am not recommending you sell everything and hide under a rock. What I am recommending however, is that you reduce leverage if you have any, perhaps lock in some profits while you're "on top", and head into the coming days/weeks/months with eyes wide open, alert to potential quick corrections when this wild ride inevitably 'ends'. Each instance resulted in the "recent lows" being violated. If history rhymes this time, that could mean low 3k's incoming for SPX. COULD. Can your portfolio/strategy/mindset handle that kind of volatility/drawdown? Just some food for thought. As always, good luck, have fun, and practice solid risk management. Thank you for your time and consideration.
SP:SPX
by mrjones2020
S&P 500 Eyes Uptrend Ahead of CPI Inflation Data ReleaseS&P 500 Technical Analysis: The price is currently trading above the pivot line of 5453, with potential Uptrend targets of 5491 and 5526. However, the price remains in a consolidation phase between 5453 and 5491 until a breakout occurs. A sustained move above 5491 would likely support a rise towards 5526 and potentially 5573. Conversely, maintaining a position below 5453 would increase the likelihood of a move down to 5412. Key Levels: Pivot Point: 5460 Resistance Levels: 5490, 5526, 5573 Support Levels: 5436, 5412, 5460 Expected Trading Range: 5453 - 5526 Trend: Uptrend while above 5453
OANDA:SPX500USDLong
by SroshMayi
S&P500 just needs to recover the 1D MA50.The S&P500 recovered yesterday a great deal of Friday's losses but still that wasn't enough to reclaim the 1D MA50 (blue trend-line), which was lost as the short-term Support level. As you realize, this is the key in order to resume and sustain the uptrend that started after the August 05 rebound near the 1D MA200 (orange trend-line). The long-term pattern is a Channel Up and even before that since late 2022 and the bottom of the Inflation Crisis, the index only once corrected below the 0.5 Fibonacci retracement level (the October 27 2023 Low). We mention that because Friday's decline stopped exactly on the 0.5 Fib. Every rise that followed until the next correction, reached at least +10.50% from the 0.5 Fib. As a result, once the index reclaims the 1D MA50, we will buy and set the next medium-term Target at 5950 (+10.50% from the 0.5 Fib). Notice also that yesterday's rebound was made exactly on the 1D RSI's Symmetrical Support, a level that initiated the December 19 2022 rebound. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
2024-09-09 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Green across the board. On the daily charts it’s mostly a small to normal bullish inside bar, so nothing to get excited about yet for the bulls. Tomorrow will be very important for the bears. If they fail to test the lows again or stop the pullback, many bears could give up and let the bulls test the highs again. In my weekly outlook I wrote that the 4h ema is currently the most important one and almost all markets respected it and closed below. Will look for early weakness and want to short for retest of the Friday lows. sp500 e-mini futures comment: Triangle is valid so far. Big red box is the open bear gap on the daily chart. 5500 would be a very good place for the bears to step in and make it resistance. I expect 5462 to be tested tomorrow and hopefully 5400 also. Odds favor the bears as long as we stay below 5540. current market cycle: trading range - if we drop below 5390, we are in a bear trend inside the big trading range. key levels: 5400 -5540 bull case: Bulls had a decent pullback today but it was still an inside bar. They need follow through and prices above 5540 to make more bears cover their shorts. Bulls had 3 good legs up today but bears were equally strong. Most of the move upwards was during the Globex session. Until bulls break strongly above 5500, they don’t have many arguments on their side. Invalidation is below 5460. bear case: Bears sold the rips today and kept the market mostly in balance around the open price 5462. They need to step in to keep the market below the current bear trend line and the 4h ema. Since we have formed a triangle, market is in balance between 5450-5500. The higher time frames support the bears for a second leg down. For tomorrow I expect the triangle to continue some more until we get a breakout and odds favor the bears. I think 5500 is a decent place to short with SL 5540 or 5560. Invalidation is above 5540. short term: Bearish as long as we stay below 5540. I want at least a retest of the lows 5400 but I hope for a bigger second leg down to 5000/5100. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Not yet. Will watch tomorrow’s price action and short on weakness. trade of the day: Longing 5450 was good all day and shorting above 5480. Looks way easier on the 15m tf than it was. Almost always is.
CME_MINI:MES1!
by priceactiontds
S&P500: Rebounding on the 1D MA100.The S&P500 is recovering Friday's lost ground and turned neutral again on its 1D technical outlook (RSI = 46.331, MACD = -24.550, ADX = 22.750). Even though it needs to overcome the Resistance pressure of the 1D MA50, this rebound gives a very positive note as it is being performed on the 1D MA100, which last time was a bounce point on April 19 2024. If the August 5th rebound was a HL of a Bullish Megaphone, then now the index is starting phase 2 of the new Bullish Wave, much like the 1D MA50 bounce of May 31st. We are bullish with TP = 6000, on the -0.618 Fibonacci level for a HH. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
SPx - Fed Rate Cut Expectations Rise as Key Economic Data AwaitsS&P 500 Technical Analysis: The price is currently trading below the pivot level of 5454, with a potential downside target of 5412. However, the price remains in a consolidation phase between 5456 and 5412 until a breakout occurs. A sustained move above 5454 would likely support a rise towards 5490 and potentially 5526. Conversely, maintaining a position below 5454 would increase the likelihood of a move down to 5412. Key Levels: Pivot Point: 5454 Resistance Levels: 5490, 5526, 5573 Support Levels: 5412, 5460, 5328 Expected Trading Range: 5471 - 5412 Trend: Short-term downtrend ----------------- Monetary Policy Shift Anticipated Amid Key Economic Releases With the economy in balance and inflation trending toward the 2% target, it is now seen as appropriate to reduce the degree of policy restrictiveness by lowering the target range for the federal funds rate. Currently, U.S. rate futures indicate a 75% probability of a 25 basis point rate cut and a 25% chance of a 50 basis point cut at the upcoming Federal Reserve monetary policy meeting. In the coming week, the spotlight will be on the U.S. consumer inflation report for August. Additionally, market participants will closely monitor other key economic indicators, including the U.S. PPI, Core PPI, Crude Oil Inventories, Initial Jobless Claims, Export Price Index, Import Price Index, and the preliminary Michigan Consumer Sentiment Index.
OANDA:SPX500USDShort
by SroshMayi
Build Confidence with Heikin-Ashi Candle Patternow to Trade Using Heikin Ashi Candles on the NDX Chart Heikin Ashi candles are a powerful tool for filtering out market noise and identifying trends more clearly than traditional candlesticks. By smoothing out price action, they allow traders to focus on the overall direction of the market, helping you make more informed trading decisions. Here’s a breakdown of how to use Heikin Ashi candles effectively, specifically on the NDX chart. 1. How to Read Heikin Ashi Candles The primary difference between Heikin Ashi and traditional candlesticks is in how they are calculated. Heikin Ashi uses a modified formula that incorporates the open, close, high, and low prices of the previous candle, which results in a smoother appearance. This smoothing effect allows traders to more easily spot trends: Bullish Trends: A series of green candles with no lower wicks typically indicates a strong uptrend. These are the times to consider long trades. Bearish Trends: A series of red candles with no upper wicks signals a strong downtrend. These are great opportunities for short positions. Consolidation: Mixed green and red candles with wicks on both ends often indicate consolidation or indecision in the market. The Heikin Ashi chart reduces the noise from minor price fluctuations, allowing you to focus on the trend itself rather than the short-term volatility. 2. Entry and Exit Points The beauty of Heikin Ashi candles lies in their ability to simplify entries and exits. Here’s how to use them: Entry Points: You want to enter a trade when a new trend is confirmed. For a long position, wait for the first few green Heikin Ashi candles after a period of red ones, signaling a reversal to the upside. For a short position, look for a sequence of red candles after a bullish period has ended. Exit Points: Exit your trade when you start seeing signs of reversal. For long trades, this would be the appearance of the first red Heikin Ashi candle after a series of green ones. For short trades, exit when the first green candle appears after a bearish sequence. Waiting for these clear signals helps avoid premature exits and ensures that you’re riding the trend for as long as possible. 3. Key Support and Resistance Levels Heikin Ashi works even better when combined with key support and resistance levels. On the NDX chart, identifying these levels provides context for your trades: Support Levels: If the price is approaching a key support level, and you start to see bullish Heikin Ashi candles, it’s a potential buy signal. Resistance Levels: If the price is approaching resistance and bearish Heikin Ashi candles begin forming, that could signal a good time to sell or short. Using Heikin Ashi in conjunction with these levels increases the probability of success by ensuring you are trading within important zones where price action tends to react. By mastering the use of Heikin Ashi candles and combining them with support and resistance, you can significantly improve your ability to spot and act on high-probability trading opportunities, especially on volatile instruments like NDX.
AMEX:SPYEducation
by Deno_Trading
#202437 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well. tl;dr sp500: Full bear mode. Market closes exactly at the 50% pullback price 5420 and we could see some sideways movement before more downside. Any pullback should stay below 5535. 0 Doubt in my mind that we see 5000 in 2024. Quote from last week: comment : Are we that much smarter than last Sunday after past week’s price action? I don’t think so. Still a lower high. Bulls closed the month extremely bullish but we are at previous resistance. Can’t be anything but neutral. Clear invalidation prices though. Above 5670 it’s bullish for ath retest 5721 or higher high. Below 5550 bears can generate momentum and convince bulls this was just a climactic retest of the highs and we go down again. Bulls still do have better arguments than the bears as long as they stay above the daily ema at 5565. comment : Strong bearish momentum is what we got with the bearish engulfing candle on Monday and market never looked back. 50% pullback is almost exactly at Friday’s close and if we get a pullback before 5200, it will be here. What are the chances? No idea, so every time that is so, it’s 50/50. Absolutely favoring the bears to continue down to 5200, with or without pullback. So if we get one, I will load on swing shorts. current market cycle: trading range key levels: 5000-5700 bull case: Bulls best chance for a pullback is right here at 5420 which is the 50% retracement and close to the weekly 20ema. I do not think after a 10%+ rally, that they will fight the bears to keep it above 5400. Market is erratic to say the least. Best bulls can hope for on Monday is sideways movement and stopping the bears from printing lower lows. Invalidation is below 5390. bear case: Bears stepped aside completely on the move up but came back big time on Monday. Why did they short it on Monday? That is never important and ever a question you should try to answer because you simply can not and will not know. Ever. That is the inherent beauty of the markets if they are big enough. Too many participants to determine such useless thoughts. The height of the bars tells you that there is very strong selling going on because people want out. Invalidation is above 5540. outlook last week: short term: Neutral again. No interest in bigger buying above 5600. Will scalp long if bulls make it clear that they want a new ath but mostly looking for signs of bear strength over the next week. Bulls closed above 5660 so it’s a buy signal going into next week but my outlook has not changed. I wait for bears to come around and will only scalp longs. → Last Sunday we traded 5661 and now we are at 5419. I let you decide the value of the given outlook last Sunday. short term: Full bear mode and yet we could get a 100+ point pullback. So shorting 5419 is not advisable as of now. Wait for bears to come around again. If bulls can get to 5500 again, look for a reversal and then you could load up on shorts. I do think it’s more likely that we will make high lows instead of lower lows and form a triangle. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: None. chart update: Big ABC correction was good so far. Let’s see how low we can go.
CME_MINI:MES1!Short
by priceactiontds
Nasdaq already in a Bear Market Hello everyone, We are currently in a topping process and chances are July 10, 2024 was the top for the Nasdaq (NDX). I believe that we will fill the gap before entering the bear market. A confirmation of a lower high on NDX and a higher high on SPX would show a clear divergence confirming a market top. It's clear that the Russell (IWM) is not making new highs and showing a clear divergence from SPX and NDX making new highs suggesting this is the top. NDX may have already entered a bear market and will not be making new highs and this is simply an ABC corrective wave up before making new lows. TLDR: NDX ABC CORRECTIVE WAVE UP BEFORE NEW LOWS; NDX WILL MAKE LOWER HIGHS AND SPX NEW HIGHS WILL CONFIRM THIS A MARKET TOP
NASDAQ:NDX
by justaturboman44
4
SPX: A Double Top at the peak could lead to a short-term fall! The chart depicts a steady upward trend of the index. After reaching an all-time high close to the 5,670 level, the index saw a significant decline, dropped by nearly 550 points. However, after a recovery, the index once again neared its previous high, but experienced another setback. The emergence of a Double Top pattern, along with a clear RSI divergence, indicates that the index may face difficulties in the near future. On the downside, immediate support is found between the 5,250 and 5,300 levels. A break below this support could lead to a considerable drop in the index.
SP:SPXShort
by NaranjCapital
Roaring 20s, Roaring 20s Paralleled 100 Year Event. Roaring 20s, Roaring 20s Paralleled 100 Year Event. During 1920s - 1930s we experienced a "pandemic event" in both scenarios *odd*. It created a shock crash followed by a pandemic rebound that the masses called "bubble" this is where valuations broke due to a black swan event. We use the SMA 2D (200) that shows the larger trend of the market and we see similarities of this "bubble" crash bounce in 1922-1924, oddly similar to 2022-2024 right?. What's even more dangerous about today is the market in the roaring 20s was held back by the Gold dollar peg, today? we don't even have that. We just have interest rates. Following the 1924 situation the New York FED cut funding rates to avoid a "unemployment crisis" and it began the fueling of the final stage of a major bubble. Differences? during the pandemic in the 2020s Governments forced central banks to print trillions and trillions and enforce lock downs to stop the circulation of the currency. Following this they then raised interest rates globally sucking capital back into "bills" "Money Market Funds". What happens next?, the FRED will cut interest rates aggressively to avoid unemployment spiking trying to front run the future and in return these rates being lowered will rally bonds and release capital and new leverage back onto the market based on the debasement of QE we experienced. Yes the QE during the pandemic barely touched the markets where people were calling 2022 a "bubble". SPX/USM2 has broken out of a major trend while the FRED aggressively raised interest rates indicating this new "trend" cannot be contained without raising rates higher and its impossible to do so with the Government debt interest. A new bubble fueled by "Artificial Intelligence, Bitcoin, Electric Cars, Robotics, Biotechnology" could be rivalling the "automobile, radio, and electricity" fuel of the 1920s. The big question is does it end in a giant crash without a depression? and the answer will ultimately be how well the leveraged is contained in the later stages of the market.
TVC:DJILong
by SatoshiInsight
DIA $392 PT Sep '24 (Repost)Reposting my DIA $392 target price for September (my previous chart was too messy). It's been in a very consistent channel all of 2024. This means SPY should continue lower towards the $500 level through this week. We will need to see DIA hold the $392 level and SPY to stay above $500, which I think is very likely the case as we go into rate cuts 9/18. The rate cut on 9/18 will very likely add much needed boost to equities to go back to highs before a full on market crash.
AMEX:DIAShort
by ARX713