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SPX (S&P 500 Index)

HERE´S HOW YOU OUTPERFORM THE S&P500S&P 500 Index 4Hour Timeframe RSI Moving Average Elliot Waves Overall Summary Hello and welcome back everybody! I hope you are doing good at today's monthly close! We are watching a 13$ S&P500 gain this month, which is absolutely crazy! Gains were possible, though the cliff to the downside looks scary as hell. Mixed feelings everywhere, uncertainty, fear but kind of hope- very ambivalent mental condition everywhere. Since 22% of the whole SP500 Index is divided into the six FAANG companies (Facebook, Amazon, Apple, Netflix, Google(Alphabet)) and Microsoft, these are the drivers of the US markets right now. Oil, as well as touristic, hotel, and accommodation markets took big hits, while a few made gains, which has led to the recent bull market/recovery from all-time high/coronadump. Well, today I´d like to show you something I just have read about recently, it is the Elliot Wave counting technique. As you guys know, I do not give too much about technical analysis systems and techniques, but it is worth trying out and see why they have become such popular. As you can see, in the ABC-Correction, which is part of the wave counting, the number A marks the all-time high, number B marks the bounce, and C marks the very last low the SPX at 2190. As you already noticed, the price is coming near the 200MA (Moving Average of the past 200 candles). Historically the top has been a little lower of it, but a few times it actually broke it for a short period of time, after which a massive decline/selloff followed. RSI looking good, not oversold, but testing the market strength of all-time high. So the market is strong basically, even though volume declines since the bull market started. Spikes here and there happen, but nothing which delivers serious information about it respectively to make predictions out of it. What does it mean for us? 1. The top might have been reached already, though tonight after market close Apple and Amazon gonna present their earnings, which possibly leads to a temporary boost of the market while looking at the monthly close and the end of the reporting season! :) At that point, when the bull market of the last month started, we set our first wave up to the number 1, which continues to 5. We do not know how high 5 will be nor if we already hit the "fifth Wave". Afterward, in most cases, people count ABC and call that an ABC-Correction - whatever it is. You know, in technical analysis, if you wanna fit something to a chart, you fit it. Since lines, shapes, and whatever seem to be fit perfectly, in most it is not. So look at them, but do not trust them too much. Furthermore, Elliot waves and other techniques are instruments, to describe what happened and make predictions out of it. Nobody can tell the future, nobody knows what is gonna happen in the coming days, weeks, and months. Personally I am bearish since Q1 might have been "still ok" when talking about earnings, even though many took big losses, but I think upcoming reporting seasons of Q2 and Q3 will be a devastating disaster. That is it already for today, hope it brightened up your view on the market :-) Keep you, safe guys, make sure to wash hands and whatever, you know what you gotta do! Be careful with your funds and I´d like to know what do you think? Will we see a bearish Q2 and Q3 or did the new bull market of the decade already kick in? Just tell me in the comment section!! If the content pleased you, make sure to hit the like button or leave a follow, would help a lot! Best, Roman
TVC:SPXShort
by GER-Quality-Trades
3
S&P bulls attempt to regain control but they are not there yetLast week, using oversold bounce, buyers attempted to regain control over the price. Their effort was somewhat successful, as they managed to establish both a higher low and a higher high on the daily chart. However, they failed to set a weekly low, which was a challenging task given the magnitude of the previous week's range. This indicates that bears still maintain control over the weekly (and monthly) timeframes, suggesting that we should expect to see more selling pressure in the short term. The immediate objective for bulls is to test the price above last week's high ( 509.9 ) and to close the month within March's range. They must also protect the last higher low ( 497.5 ) or the last weekly low ( 495.5 ), or else their progress will be undone. The short term outlook is mildly bearish. Watch out for volatility on Wednesday as important economic data is released and FED announces decision over interest rate Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYShort
by hermes_trisme
S&P 500 At Major Decision PointThe stock market is at a major decision point, with 1969 low unemployment up-trending for the better part of the last year. Low unemployment *potentially* signals the maximum productivity of an economy. This is an important area to watch and wait. If we break above and trend-line check into support it could mean a bull market similar to 1990's is starting. However if it holds as resistance we're unfortunately looking at a move back down to support much much lower than where we are right now. I'd like to think because of visiting support twice in the dot-com crash and mortgage crisis that we are much more likely to break upward. But caution should be on our minds. It's a very good idea to sit on the sidelines and wait for a clear direction to emerge. Good luck!
SP:SPX
by bwy
Trading Plan for Friday, May 3rd, 2024Trading Plan for Friday, May 3rd, 2024 Market Sentiment: Bulls maintaining a tentative lead ahead of multiple high-impact market events (Apple Earnings and Jobs Report). Expect extreme volatility and plan accordingly. Key Supports Immediate Supports: 5068 (major), 5054 (major trendline - note this level rises daily) Major Supports: 5028 (major), 5001 (major) Key Resistances Near-term Resistance: 5081 (major), 5102 (major), 5116 (major), 5136 (major) Major Resistances: 5155-58 (major), 5191 (major), 5208 (major) Trading Strategy Earnings and Jobs Volatility: Be prepared for unpredictable, potentially violent price swings triggered by the Apple earnings release (4:30 PM EST) and the jobs report (8:30 AM EST). Prioritize reacting to price action over anticipating. Capital Preservation: Adopt a cautious approach and consider reducing position sizes or even sitting out the immediate volatility. Focus on protecting your gains from today's squeeze. Long Opportunities: Due to the heightened risk, avoid direct bids at support. Prioritize failed breakdowns with flushes and reclaims for safer long entries. In the event of a deep flush, consider knife-catches at major supports (5028, 5001). Short Opportunities: Look for back-tests of 5116 and 5136 for shorts, but only if markets exhibit a strong negative reaction to earnings or positive jobs data. Proceed with extreme caution. Focus on Levels: Use the provided support and resistance levels to guide your decisions, regardless of the volatility. Pay close attention to failed breakdowns and setups, as they will be the most reliable in this environment. Bull Case Holding Support: Defending the 5054-50 support zone remains crucial. Reclaiming Resistances: Bulls need to push above the 5081 resistance zone after any potential sell-off on events, working back towards 5116, then 5136 for further confirmation and a potential sustained breakout. Bear Case Breakdown Signals: A convincing break below 5054-50 initiates the downside move. Watch for bounces/failed breakdowns for potential short entries. Be mindful of whipsaws and traps around major events. News: Top Stories for May 3rd, 2024 Impact of Monetary Policies: U.S. Monetary Policy and Global Markets: Contractionary policy affects global financial conditions through various channels. Responses to U.S. Policy Shifts: Tightening policy induces global deleveraging and affects asset prices and credit flows. Emerging Markets' Sensitivity: EMs experience volatility and capital outflows due to U.S. policy changes. Transmission Mechanisms: Policy changes influence dollar-denominated assets, global credit conditions, and bank behavior. Long-Term Implications: Global Trade Outlook: Modest rebound in 2024 challenged by interest rates, demand fluctuations, and geopolitical tensions. Manufacturing Sector Performance: Continued uncertainty with challenges like labor shortages and supply chain disruptions. Advances in Digital Manufacturing: Adoption of digital twins and smart tech enhances operational efficiencies. Geopolitical Impact on Trade: Persistent tensions disrupt global trade, highlighting vulnerability of supply chains to political instability.
CME_MINI:ESM2024Long
by spytradingpro
Apple Earnings Boost Stock to 182 ? Reasons Why Apple’s Fiscal 2024 First Quarter Results: Apple reported its financial results for the first quarter of fiscal year 2024, which ended on December 30, 2023. Here are the key highlights: Revenue: The company posted quarterly revenue of $119.6 billion, representing a 2 percent year-over-year increase. Earnings Per Share (EPS): Quarterly earnings per diluted share reached $2.18, marking a 16 percent year-over-year growth. Services Revenue: Apple achieved an all-time record in services revenue during this quarter. Active Devices: The installed base of active Apple devices surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. Cash Flow and Dividends: Apple generated nearly $40 billion of operating cash flow and returned almost $27 billion to shareholders. The company’s board of directors declared a cash dividend of $0.24 per share of common stock, payable on February 15, 2024. Long Idea and Earnings Impact: While the earnings report reflects strong performance, it’s essential to consider the broader market context and analysts’ expectations. Analysts estimate an average EPS of $1.41 for Apple’s second quarter of 2024, with a range between $1.32 and $1.45. As an investor, you might want to assess factors such as: iPhone Sales: The growth in iPhone sales significantly contributed to Apple’s revenue. Monitor iPhone demand trends and product launches. Services Segment: Services revenue hit a record high. Evaluate the sustainability of this growth. Margin Expansion: The all-time record EPS resulted from margin expansion. Understand the drivers behind this improvement. Dividends: Apple’s consistent dividend payments provide income for long-term investors.
NASDAQ:AAPLLong
by NYRUNSGLOBAL
Trading Plan for Thursday, May 2nd, 2024Trading Plan for Thursday, May 2nd, 2024 Market Sentiment: Uncertain, with bulls holding a precarious position at a critical support level. Key Supports Immediate Supports: 5048-50 (major - note that this trendline rises daily), 5032, 5028 (major) Major Supports: 5010 (major), 4968 (major), 4938-42 (major) Key Resistances Near-term Resistance: 5077-82 (major), 5102 (major), 5126 (major), 5136 (major) Major Resistances: 5155 (major), 5197-5202 (major), 5246-50 (major) Trading Strategy Critical Support Test: Vigilantly monitor the critical 5048-50 support zone for signs of breakdown or sustained defense. Long Opportunities: Due to heightened volatility, avoid direct bids at support. Instead, prioritize failed breakdowns with flushes and reclaims for safer long entries, potentially around 5032 or 5028. In the event of a deep flush, consider knife-catches at major supports (5010, 4968, 4938-42). Short Opportunities: Look for back-tests of 5126 and 5136 for shorts, but only if a strong bearish reaction to FOMC is evident. Proceed with caution. Risk Management: Maintain disciplined risk management and tighter stops in this volatile period. Bull Case Holding Support: Defending the 5048-50 support zone is crucial. A failed breakdown with a quick reclaim above 5032-28 could trigger a move higher. Reclaiming Resistances: Bulls need to push back to 5077-82, with a potential retest of that resistance, then onward to the 5126-36 zone for further confirmation and potential breakout. Bear Case Breakdown Signals: A convincing break below 5048-50 followed by a deeper dip through 5028 initiates the downside move. Watch for bounces/failed breakdowns for potential short entries. News: Top Stories for May 2nd, 2024 Analysis of Stock Market Trends: U.S. Market Performance: Mixed responses post-Fed's rate decision, with slight Dow increase and S&P, Nasdaq declines. Interest Rates and Inflation Concerns: Persistent inflation shapes Fed policies, influencing market dynamics. Sector-Specific Trends: Tech sector drives market, but faces valuation challenges and regulatory scrutiny. Global Market Influences: European markets resilient; contrasting approaches to interest rates and inflation with the U.S. Investment Strategies: Federal Funds Rate Stability: Fed maintains high rate amid inflation concerns, impacting market expectations. Inflation Trends and Policy: Slow decrease in inflation complicates rate cuts, influencing investment decisions. Global Impact: Fed's policies affect global markets, especially in emerging economies and those tied to U.S. standards. Long-term Considerations: Geopolitical Tensions: Conflicts threaten global supplies; Middle East escalation could disrupt oil production. Economic Slowdown: China's slowdown poses risks globally, impacting markets and economic stability. Inflation and Interest Rates: Central banks balance inflation control without hindering growth, posing risks. Technological Transformations: Rapid tech changes create opportunities and risks, transforming labor markets. Environmental Risks: Growing environmental concerns pose economic consequences, impacting industries.
CME_MINI:ESM2024Long
by spytradingpro
S&P500 4H Channel Up aiming higher.This is a short-term outlook on the S&P500 (SPX) following yesterday's Fed Rate Decision. The short-term pattern on the 4H time-frame is a Channel Up and is giving us some important developments. Even though yesterday's attempt to stay above the 4H MA50 (blue trend-line) failed, the index managed to stay on the Channel Up bottom (Higher Lows trend-line) and is since rising steadily on green 4H candles, attempting to form a bottom (Higher Low). A closing above the 4H MA50 can be the bullish confirmation this pattern needs but outside of it, we see the Ichimoku Cloud turning green again for the first time since April 09. If the 4H MACD completes the emerging Bullish Cross, we will have a strong bullish mix in our hands and most likely the Channel Up will go first for a 4H MA200 (orange trend-line) test, since last time it was rejected on the 1D MA50 (red trend-line) and eventually complete a +4.00% Bullish Leg (like the previous one) at 5200. ------------------------------------------------------------------------------- ** 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
✅ Daily Market Analysis - 02 MAY 2024Economic events: USA - Initial Jobless Claims Eurozone - HCOB Eurozone Manufacturing PMI (Apr) Eurozone - ECB's Lane Speaks U.S. equity markets saw a partial recovery subsequent to the Federal Reserve's choice to maintain interest rates at their current levels on Wednesday. Additionally, the Fed disclosed intentions to commence a gradual tapering of its balance sheet reduction initiative, commonly referred to as quantitative tightening, beginning in the coming month. As a result, the S&P 500 index made a modest gain of 0.1%, while the NASDAQ Composite index advanced by 0.2%. Furthermore, the Dow Jones Industrial Average exhibited notable strength, surging by 179 points, equivalent to a 0.50% increase. NDX, SPX, and DJI indices daily chart The Federal Reserve opted to maintain its key interest rates within the 5.25% to 5.5% range, signaling a potential prolongation of elevated rates owing to the slower-than-expected progress in addressing inflationary pressures. The Federal Open Market Committee (FOMC) highlighted insufficient headway toward achieving the targeted 2 percent inflation rate in recent months. Nevertheless, the FOMC announced plans to initiate a reduction in its holdings of Treasury securities, commencing in June with a reduction of approximately $25 billion per month from the current pace of $60 billion. This decision follows recent labor market data indicating a slight imbalance, with job openings reaching a three-month low in March. Despite this, April saw private sector job gains exceeding economists' projections. Market focus now shifts to the imminent release of the nonfarm payrolls report scheduled for Friday, with expectations of a robust addition of 243,000 jobs to the U.S. economy in April. In currency markets, the EUR/USD pair continued its upward trajectory on Thursday, propelled by prevailing market optimism favoring risk-sensitive currencies like the Euro. This upbeat sentiment may be attributed in part to Federal Reserve Chairman Jerome Powell's dovish commentary on Wednesday. However, the Eurozone faces challenges due to a comparatively more dovish stance from the European Central Bank compared to the Federal Reserve. Recent inflation data from the Eurozone showed stability in April, aligning with expectations. EUR/USD daily chart Moreover, core inflation witnessed a decline, fueling speculation regarding a potential interest rate reduction by the European Central Bank (ECB) in June. Thursday also marks the release of the final HCOB Manufacturing Purchasing Managers' Index data, with market expectations aligning with preliminary figures. This index serves as a leading indicator, offering insights into business activity within the Eurozone manufacturing sector. In contrast, the Japanese Yen faced notable selling pressure during the Asian session on Thursday, retracting from its over two-week high against the US Dollar observed the preceding day. Initial reactions to rumors of Japanese authorities intervening once again, marking the second intervention this week to support the domestic currency, quickly waned amid expectations of a sustained wide US-Japan rate differential. Furthermore, a generally positive risk sentiment surrounding US equity markets serves as a significant factor undermining the safe-haven appeal of the JPY. USD/JPY daily chart In the early Asian trading hours, the USD/CAD pair persists in its downward trajectory around 1.3730. Late on Wednesday, Bank of Canada Governor Tiff Macklem reaffirmed the central bank's confidence in an ongoing reduction in inflation. Macklem indicated that the BoC is nearing the point of deliberating rate cuts, underscoring that the central bank is not bound to mimic the Federal Reserve's strategies. He emphasized that higher rates in Canada are demonstrating greater efficacy compared to the United States. USD/CAD daily chart Amid mounting speculation among traders, there is growing anticipation that the Bank of Canada may opt for interest rate cuts in June, prompted by Canada's economic deceleration in the initial quarter of this year. Notably, Canada's GDP exhibited a subdued expansion of 0.2% month-on-month in February, a slowdown from the preceding 0.5% figure and below the market's projected 0.3% growth. Additionally, according to S&P Global on Wednesday, the Canadian Manufacturing PMI descended to 49.4 in April and 49.8 in March, falling short of the market consensus of 50.2. Despite lackluster figures from the Australian Bureau of Statistics, including weaker-than-expected Trade Balance and Building Permits data, the Australian Dollar persists in its strengthening trend on Thursday. The AUD/USD pair garners support from the prevailing positive market sentiment, buoyed by dovish remarks issued by Federal Reserve Chairman Jerome Powell on Wednesday. AUD/USD daily chart The ascent of the Australian Dollar finds its roots in the hawkish stance adopted by the Reserve Bank of Australia (RBA), anticipated to uphold elevated interest rates throughout 2024. Additionally, last week's domestic inflation figures surpassing expectations have fueled speculation that the RBA could defer any potential interest rate cuts. Traders are eagerly awaiting the release of several key economic indicators from the United States on Thursday, including weekly Initial Jobless Claims, Nonfarm Productivity, and Factory Orders. These data releases are poised to provide additional clarity regarding the present condition of the US economy.
by FOREXN1
1
All you need to know about yesterday's FOMC meetingYesterday's FOMC meeting concluded with a decision to keep the monetary policy unchanged, leaving the federal funds rate at 5.25% to 5.5%. During the subsequent press conference, Jerome Powell outlined the solid state of the economy alongside heightened inflationary pressures. Notably, he disclosed plans to commence with the reduction in quantitative tightening starting from June 2024; per the statement, the cap on Treasury redemptions will be lowered to $25 billion per month from the current $60 billion per month. Market sentiment reacted positively to this news, with indices soaring during the chairman's address. However, a more hawkish tone regarding rate cuts was seemingly ignored at first when Jerome Powell admitted a lack of progress in taming inflation over the past few months, requiring the central bank to keep interest rates steady for longer; though, the chairman was swift to deny any prospects of future interest rate hikes. In summary, despite initial market enthusiasm following Powell's announcement, lingering concerns over inflationary pressures and the prospect of prolonged interest rate stability may continue to shape future market dynamics. Illustration 1.01 Illustration 1.01 shows the 1-minute graph of the SPX. The yellow arrows indicate the main events of the day. Important statements from Jerome Powel “The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year while the labor market has remained strong and that’s very good news. But inflation is still too high, further progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our 2 percent goal.” “Our restrictive stance of monetary policy has been putting downward pressure on economic activity and inflation, and the risks to achieving our employment and inflation goals have moved toward better balance over the past year. However, in recent months inflation has shown a lack of further progress toward our 2 percent objective, and we remain highly attentive to inflation risks.” “The labor market remains relatively tight, but supply and demand conditions have come into better balance. Payroll job gains averaged 276 thousand jobs per month in the first quarter, while the unemployment rate remains low at 3.8 percent.” “Inflation has eased notably over the past year but remains above our longer-run goal of 2 percent. Total PCE prices rose 2.7 percent over the 12 months ending in March; excluding the volatile food and energy categories, core PCE prices rose 2.8 percent. The inflation data received so far this year have been higher than expected.” “We have stated that we do not expect it will be appropriate to reduce the target range for the federal funds rate until we have gained greater confidence that inflation is moving sustainably toward 2 percent. So far this year, the data have not given us that greater confidence. In particular, and as I noted earlier, readings on inflation have come in above expectations.“ “We are prepared to maintain the current target range for the federal funds rate for as long as appropriate. We are also prepared to respond to an unexpected weakening in the labor market.” “Specifically, the cap on Treasury redemptions will be lowered from the current $60 billion per month to $25 billion per month as of June 1.” Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
3
A soft landing is unlikely to materializeThe SPX has rallied approximately 3.5% since its lows on 19th April 2024 and well into the two-day FOMC meeting that kicks off today. In line with general market expectations, we do not anticipate any change to the central bank’s monetary policy, and just like on previous occasions, we expect Jerome Powell to reiterate the FED’s commitment to fighting inflation during his speech at the press conference tomorrow. The chairman is likely to praise the economy for its resilience and make remarks about the historically strong labor market in spite of financial tightening. In addition to that, Jerome Powell is probably going to outline challenges the FED faces, most notably accelerating inflation, which became a topic of discussion following the weakness in the stock market after the last print showed inflation rose for the second consecutive month. This fact could lead to his reluctance to discuss the central bank’s move toward easing, which in turn could lead to a resurgence in volatility and weakness in stocks. By keeping interest rates higher for longer, the FED risks constructing a recession on its own, which has been repeatedly a case in history. Therefore, we continue to hold the opinion that a soft landing will not materialize. Instead, signs of recession will become even more apparent. With that said, we believe there is a high chance for a major repricing event to take place in 2024. Illustration 1.01 Illustration 1.01 displays the daily chart of the SPX and two simple moving averages. The yellow arrow indicates a bullish breakout above the 20-day SMA. Now, the 50-day SMA and the price's ability to break through it will be in focus. If the price fails, it will be worrisome. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXShort
by Tradersweekly
10
Trading Plan for Wednesday, May 1st, 2024Trading Plan for Wednesday, May 1st, 2024 Market Sentiment: Uncertain, with the potential for sharp swings amplified by the FOMC announcement. Increased caution and focus on capital preservation are paramount. Key Supports Major Supports: 5060 (major), 5043-47 (major), 5030-32 (major), 5000 (major) Additional Supports: 4976 (major), 4938-41 (major) Key Resistances Near-term Resistance: 5066, 5077-82 (major), 5102 (major), 5144 (major) Major Resistances: 5171 (major), 5200 (major), 5246-50 (major) Trading Strategy FOMC Volatility: Expect unpredictable price swings driven by reactions to the FOMC interest rate decision and related news. Prioritize Capital Preservation: Focus on protecting your account rather than chasing aggressive moves. Adapt position sizing and risk management strategies accordingly. Long Opportunities: Due to FOMC, direct bids are high risk. Focus on failed breakdowns for better risk/reward. Potentially long at major support levels after flushes and reclaims (5043-47, 5030-32). Short Opportunities: Due to FOMC, direct shorts are also high risk. Watch for strong bounces and failed breakdowns. Consider shorts at key resistance levels only if the reaction to FOMC is definitively bearish. Proceed with extreme caution. Level-to-Level Trading: Employ level-to-level scalping techniques and profit-taking, navigating this volatile environment with tighter stops. Bull Case Holding Support: Defending the 5043-47 support zone is crucial for bulls, with 5030-32 as the absolute minimum. Reclaiming resistances like 5066 could indicate buyer strength. Bear Case Breakdown Signals: A convincing break below 5030, intensified by negative FOMC news, signals a downside move. Watch for bounces/failed breakdowns for potential shorts. News: Top Stories for May 1st, 2024 Global Economic Outlook Mature economies are stabilizing with a slight growth uptick projected for 2024 and 2025. Emerging economies maintain stability with growth projections at 4.3% for both 2024 and 2025. Regional Trends Asia, including China, anticipates a slowdown, while Latin America expects gradual growth increases. Inflation and Monetary Policies Global inflation is expected to decrease, reflecting central bank rate hikes for price stability and growth support. Geopolitical Impacts Populist policies and recent elections in the US and EU pose financial policy and market stability challenges. Transition to a New Monetary Order impacts interest rates, asset values, and lending environments globally. EU regulatory changes affect financial markets and trading regulations, emphasizing compliance. Digital Transformation Focus on digital assets and CBDCs outside the US signals shifts in financial transactions and regulations. Blockchain technology enhances financial security and transparency, notably in DeFi platforms. AI integration reshapes financial services, optimizing operations and decision-making processes. Digital and open banking experiences exponential growth, fostering fintech innovations and collaborations. RegTech solutions powered by AI help firms manage regulatory obligations efficiently across jurisdictions.
CME_MINI:ESM2024Long
by spytradingpro
SPY gave us a solid sell. Is it still bearish?Last time we looked at SPY (April 11, see chart below), we got what we wanted, a break below the 1D MA50 (blue trend-line) that met our exact bearish expectation which was a -5.93% decline, absolutely symmetrical with August 18 2023: As the subsequent rebound got rejected on the 1D MA50 (blue trend-line on the chart above), the question is the following: Is SPY still bearish? Technically, yes as long as it closes weekly (1W) candles below the 1D MA50. But at the same time, being supported on the 1D MA100 (green trend-line on the chart above), keeps short term neutral/ ranged thus the expectations for a bullish break-out live. But it has to close above the 1D MA50 to confirm that. As you can see, a comparison with recovery patterns following systemic Cycle corrections like the one in 2022, offers valuable conclusions. Basically, since the 2009 bottom of the U.S. Housing Crisis, the three major corrections of the current Cycle, have followed similar patterns (2011 - 2013, 2015 - 2017 and 2022 - 2024). The key common characteristic is that the 1W MA50 (red trend-line) has been the major Support. After two pull-backs that hit the 1W MA50 straight after the correction's bottom, both the 2011 - 2013 and 2015 - 2017 fractals made a smaller pull-back (green Rectangle) that hit the 1D MA100. It appears that this is where the index is currently at. If this correlation continues to hold and the index won't dive further to the 1W MA50, it might hit the 2.0 Fibonacci extension as its first Target, which is what the other two fractals aimed at. That is at 555.00. Notice also the similarities between the 1W RSI patterns. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
AMEX:SPY
by TradingShot
1
SP500 - corrupt money supply - inflationThis ES1 chart is the six + Europe and Asia trading sessions. this hasn't corrected properly in over a decade.... and this is what it looks like when they print trillions out of thin air, as "aid for Ukraine" which is then spent entirely on weapons or infrastructure supplied by our military industrial complex. we were warned about this shit. Orwell, Roosevelt. BREAD, Circus, Genocide. thats a pretty clear indicator of how broken our government is. they show us Captain America and Captain Planet on the programming we got as kids... just an illusion to the reality of our criminal monetary systems and war mongering. all crimes against humanity, and sins of the soul that keep us trapped on these low vibrational levels. Time to ascend. Time for the Ponzi scheme of the us financial markets, and now corrupted federal government to fall gracefully. Teh SPX is long over due. the second leg down from covid is just now getting started... delayed by TRILLIOns of new money printed as stimulus. That is trillions stolen from all of us that have earned our money with our time and energy. It flows through Ukraine, Israel, Palestine, and right back to the US stock market in the portfolio of the corrupt dudes that oppress the rest of us. inflated by blood money. and now tethered to BTC with the ETF.... poisoning that currency as well. So.. time to pay the piper for all the money printing... the harmonics of the SPX suggest that we need to check in on the old resistance... now turned support, and 1600. bold white dotted line. ps... BTC ETF + HALVING . . . is everyone just now figuring out "buy the rumor sell the news" huge correction incoming. Where will everyone put their credits with the US markets and BTC dumping??? sounds scary?!!? well, fear and greed are the dominant forces in these markets. Hmmm... is there a coin that raises a different emotion??? maybe the emotion of Love? I know! DOGE coin. dogs are known for unconditional love. Love is the answer. love will prevail... im going that emotion moving forward. no more playing at the table with the blood money military complex sharks. im going to play at the table with all my friends. my tribe. the DOGE tribe.
CME_MINI:ES1!
by DHLawrence
SP500 & a corrupt money supplyThis ES1 chart is the six + Europe and Asia trading sessions. this hasn't corrected properly in over a decade.... and this is what it looks like when they print trillions out of thin air, as "aid for Ukraine" which is then spent entirely on weapons or infrastructure supplied by our military industrial complex. we were warned about this shit. Orwell, Roosevelt. BREAD, Circus, Genocide. thats a pretty clear indicator of how broken our government is. they show us Captain America and Captain Planet on the programming we got as kids... just an illusion to the reality of our criminal monetary systems and war mongering. all crimes against humanity, and sins of the soul that keep us trapped on these low vibrational levels. Time to ascend. Time for the Ponzi scheme of the us financial markets, and now corrupted federal government to fall gracefully. Teh SPX is long over due. the second leg down from covid is just now getting started... delayed by TRILLIOns of new money printed as stimulus. That is trillions stolen from all of us that have earned our money with our time and energy. It flows through Ukraine, Israel, Palestine, and right back to the US stock market in the portfolio of the corrupt dudes that oppress the rest of us. inflated by blood money. and now tethered to BTC with the ETF.... poisoning that currency as well. So.. time to pay the piper for all the money printing... the harmonics of the SPX suggest that we need to check in on the old resistance... now turned support, and 1600. bold white dotted line. ps... BTC ETF + HALVING . . . is everyone just now figuring out "buy the rumor sell the news" huge correction incoming. Where will everyone put their credits with the US markets and BTC dumping??? sounds scary?!!? well, fear and greed are the dominant forces in these markets. Hmmm... is there a coin that raises a different emotion??? maybe the emotion of Love? I know! DOGE coin. dogs are known for unconditional love. Love is the answer. love will prevail... im going that emotion moving forward. no more playing at the table with the blood money military complex sharks. im going to play at the table with all my friends. my tribe. the DOGE tribe.
CME_MINI:ES1!
by DHLawrence
✅ Daily Market Analysis - 01 MAY 2024Economic events: USA - ADP Nonfarm Employment Change (Apr) USA - S&P Global US Manufacturing PMI (Apr) USA - ISM Manufacturing PMI (Apr) USA - ISM Manufacturing Prices (Apr) USA - JOLTs Job Openings (Mar) USA - Crude Oil Inventories USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference On Tuesday, the S&P 500 underwent a decline, terminating its five-month streak of consecutive gains. This downturn was propelled by apprehensions surrounding inflation, ignited by data highlighting wage pressure. Concurrently, this development aligns with the commencement of the Federal Reserve's two-day meeting. The Dow Jones Industrial Average witnessed a decline of 570 points, equating to a 1.1% decrease, while the S&P 500 experienced a 1.5% drop, and the NASDAQ Composite saw a 2% downturn. Particularly noteworthy is the S&P 500's recording of a 3% loss for the month. NDX, SPX, and DJI indices daily chart The escalation in US labor costs throughout the first quarter exceeded expectations, primarily propelled by rising wages and benefits. This development has revived apprehensions regarding inflation, particularly amid a diminishing investor confidence in potential Federal Reserve rate reductions. As per the Employment Cost Index, labor expenses surged by 1.2% in the preceding quarter, following an unrevised 0.9% uptick in the quarter prior. On a year-over-year basis, labor costs climbed by 4.2%. This report emerges following recent data indicating a buildup of price pressures in the initial quarter, amplifying concerns surrounding inflation. The downtrend of EUR/USD persists for the second consecutive day, with the pair hovering around the 1.0650 level during Asian trading hours on Wednesday. Amid European market closures in observance of Labour Day, market participants eagerly anticipate the Federal Reserve's forthcoming policy decision. EUR/USD daily chart Despite the release of robust Eurozone data on Tuesday, the Euro encountered challenges in sustaining its upward trajectory. Notably, Eurozone GDP surpassed expectations, expanding by 0.3% in the first quarter. Moreover, the Harmonized Index of Consumer Prices (HICP) exhibited stable year-over-year growth, meeting anticipated levels. However, the core HICP, excluding food and energy prices, exhibited a softening trend, albeit still surpassing estimates. Investor sentiment remains optimistic regarding the possibility of interest rate cuts by the European Central Bank in June, as a majority of ECB policymakers have signaled their endorsement for such measures. On Tuesday, the Japanese Yen incurred notable losses against its American counterpart, reversing a significant portion of the gains witnessed the previous day, driven by the potential intervention by Japanese authorities. The primary contributor to the JPY's weakness is the substantial interest rate differential between Japan and the United States, a trend expected to persist in the foreseeable future. This, combined with heightened demand for the US Dollar, propelled the USD/JPY pair higher during intraday trading. USD/JPY daily chart Following the publication of the AiG Industry Index on Wednesday, indicating a continued contraction in Australia's private business activity for March, the Australian Dollar remains subdued. Despite this, market sentiment suggests that the Reserve Bank of Australia will maintain its current interest rates of 4.35% in the upcoming meeting scheduled for next week. The Australian Dollar faced additional downward pressure following the release of disappointing Aussie Retail Sales data on Tuesday, raising speculation about its potential impact on the RBA's interest rate stance. However, optimism stemming from higher-than-anticipated domestic inflation figures from the previous week has led to speculation that the central bank might delay any decisions regarding interest rate cuts. AUD/USD daily chart During the early Asian session on Wednesday, the NZD/USD pair faces selling pressure around the 0.5880 level. The New Zealand Dollar depreciates in response to worse-than-expected employment data from New Zealand. NZD/USD daily chart In the first quarter of this year, New Zealand faced a notable increase in its unemployment rate amidst a prolonged recession compounded by high-interest rate conditions. According to Statistics New Zealand's report on Wednesday, the nation's Unemployment Rate rose to 4.3% in Q1 from 4.0% in Q4, surpassing market expectations of 4.2%. Simultaneously, Employment Change figures recorded a decrease of 0.2% in Q1, contrasting with the previous reading's 0.4% rise and falling short of the projected 0.3% increase. The upsurge in the unemployment rate may prompt the Reserve Bank of New Zealand to uphold its elevated rate for an extended duration to counter inflationary pressures. Market sentiment suggests that the RBNZ is inclined to maintain a restrictive Official Cash Rate, with any potential for rate cuts unlikely until 2025. As the Federal Reserve initiates its two-day policy-setting meeting, market consensus leans towards the central bank maintaining its benchmark interest rate within the current range of 5.25%-5.50%, a level sustained since July. Investors are particularly attentive to Federal Reserve Chair Jerome Powell's subsequent remarks following the monetary policy statement. These remarks are expected to carry substantial significance, with investors keen to glean insights into Powell's alignment with the market's less dovish perspective on the rate outlook.
by FOREXN1
1
Amazon delivers results for the first quarterAmazon announced its earnings for the first quarter of 2024 yesterday after the closing bell. The company reported net sales worth $143.3 billion, marking a 13% YoY increase, and net income of $10.4 billion, up 225% YoY. Operating income rose to $15.3 billion, representing a growth of 218% YoY, with the AWS segment contributing $9.4 billion to the figure and accounting for 62% of the total operating income. In addition, the company’s operating cash flow increased by 82% to $99.1 billion for the trailing twelve months, compared with $54.3 billion for the trailing twelve months ended by 31st March 2023. These results topped the estimates, and the company’s shares slightly soared in the aftermarket. Net sales = $143.3 billion (13% YoY) vs. $127.4 billion in 1Q23 Net income = $10.4 billion (225% YoY) vs. $3.2 billion in 1Q23 Operating income = $15.3 billion (218% YoY) vs. $4.8 billion in 1Q23 Additional information: Amazon sales in North America rose by 12% YoY. International sales grew 9.6% YoY. Sales within the AWS segment increased by 17% YoY. Sales within Amazon’s advertisement unit grew by 24% YoY. Forward guidance Net sales for the second quarter of 2024 are expected to fall between $144 billion and $149 billion, representing a growth between 7% and 11% compared with the second quarter of 2023. Operating income is expected to be between $10 billion and $14 billion, compared with $7.7 billion in the second quarter of 2023. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:AMZN
by Tradersweekly
SP 500 cash Top view of wave structure 5146 +or - 2 The chart posted is my view of the wave structure it is forming . We had two legs of equal in the sp 500 up into 5123 from 4954 .I would be rather bearish BUT cycles are in a time frame coming up and I think I would see a rather complex structure in formation . We have had a.7.3 % Correction >So I have now taken a 40 % net long I did want to add at 5061/5058 .I would look for the sp 500 now to rally into 5146 area to end wave A up to the alt abc rally idea reason is a simple one the decline is corrective and NOT impulsive in the structure as that the TVC:DXY target of 106.6 is nearing best of trades WAVETIMER .
SP:SPX
by wavetimer