NIKE INC. AMERICAN SHOOES LOOSING GLOSS, AHEAD OF U.S. RECESSIONNIKE Inc. or Nike is an American multinational company specializing in sportswear and footwear.
The company designs, develops, markets and sells athletic footwear, apparel, accessories, equipment and services.
The company was founded by William Jay Bowerman and Philip H. Knight more than 40 years ago, on January 25, 1964, and is headquartered in Beaverton, Oregon.
As of July 15, 2024, NIKE (NKE) shares were down more than 33 percent in 2024, making them a Top 5 Underperformer among all the S&P500 components.
Perhaps everything would have been "normal", and everything could be explained by the one only unsuccessful December quarter of 2023, when the Company’s revenue decreased by 2 percentage points to $12.6 billion, which turned out to be lower than analyst estimates.
But one circumstance makes everything like a "not just cuz".
This is all because among the Top Five S&P500 Outsiders, in addition to NIKE, we have also shares of another large shoe manufacturer - lululemon athletica (LULU), that losing over 44 percent in 2024.
Influence of macroeconomic factors
👉 The economic downturn hurts most merchandise retailers, but footwear companies face the greatest risk to loose profits, as higher fixed costs lead to larger profit declines when sales come under pressure.
👉 The Nasdaq US Benchmark Footwear Index has fallen more than 23 percent since the start of 2024 as consumer spending is threatened by continued rising home prices, banks' reluctance to lend, high lending rates, and high energy and energy costs. food products - weaken.
👉 In general, the above-mentioned Footwear Sub-Industry Index continues to decline for the 3rd year in a row, being at levels half as low as the maximum values of the fourth quarter of 2021.
Investment Domes worsen forecasts...
👉 In the first quarter of 2024, Goldman Sachs made adjustments to its forecast for Nike shares, lowering the target price to $120 from the previous $135, while maintaining a Buy recommendation. The company analyst cited ongoing challenges in Nike's near-term growth trajectory as the main reason for the adjustment, anticipating potential underperformance compared to market peers, noting that Nike's 2025 growth expectations have become "more conservative."
👉 Last Friday, Jefferies Financial Group cut its price target from $90.00 to $80.00, according to a report.
👉 Several other equity analysts also weighed in on NKE earlier in Q2 2024. In a research note on Friday, June 28, Barclays downgraded NIKE from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $109.00 to $80.00.
👉 BMO Capital Markets lowered their price target on NIKE from $118.00 to $100.00 and set an overweight rating on the stock in a research report on Friday, June 28th.
👉 Morgan Stanley reaffirmed an equal-weight rating and set a $79.00 price target (up from $114.00) on shares of NIKE in a research report on Friday, June 28th.
👉 Oppenheimer reiterated an outperform rating and set a $120.00 price target on shares of NIKE in a research report on Friday, June 28th.
👉 Finally, StockNews.com downgraded NIKE from a "buy" rating to a "hold" rating in a research report on Friday, June 21st.
...and it becomes a self-fulfilling prophecy
Perhaps everything would have been fine, and all the deterioration in forecasts could have been attributed to the stretching spring of price decline, if not for one circumstance - it is not the ratings that are declining due to the decline in share prices, but the shares themselves are being pushed lower and lower, as one after another depressing ones are released analytical forecasts from investment houses.
16 years ago. How it was
On January 15, 2008, shares of many shoe companies, including Nike Inc. (NKE) and Foot Locker Inc. (FL) fell after investment giant Goldman Sachs (GS) slashed its stock price targets, warning that the U.S. recession would drag down the companies' sales in 2008 as consumers spend more cautiously. "The recession will further increase the impact of the key headwind of a limited number of key commodity trends needed to fuel consumer interest in the sector," Goldman Sachs said in a note to clients.
In early 2008, Goldman downgraded athletic shoe retailer Foot Locker to "sell" from "neutral" and cut its six-month share price target from $17 to $10, saying it expected U.S. sales margins to continue to decline in 2008 despite store closures.
The downgrade was a major blow to Foot Locker, which by early 2008 had already seen its shares fall 60 percent over the previous 12 months as it struggled with declining sales due to declining demand for athletic shoes at the mall and a lack of exciting fashion trends in the market. sports shoes.
Like now, at those times Goldman retained its recommendation rating to “buy” Nike Inc shares, based on general ideas about the Company’s increasing weight over the US market, topped off with theses about the Company’s international visibility, as well as robust demand ahead of the Beijing Olympics.
However Goldman lowered its target price for the shares from $73 to $67 ( from $18.25 to $16.75, meaning two 2:1 splits in Nike stock in December 2012 and December 2015).
Although Nike, at the time of the downturn in forecasts, in fact remained largely unscathed by the decline in demand for athletic footwear among US mall retailers, it reported strong second-quarter results in December 2007 (and even beating forecasts for strong demand for its footwear in the US and growth abroad) , Goldman Sachs' forecasts for Nike's revenue and earnings per share to decline were justified.
Later Nike' shares lost about 45 percent from their 2008 peaks, and 12 months later reached a low in the first quarter of 2009 near the $40 mark ($10 per share, taking into account two stock splits).
The decline in Foot Locker shares from the 2008 peaks 2009 lows was even about 80 percent, against the backdrop of the global recession and the banking crisis of 2007-09.
Will history repeat itself this time..!? Who knows..
However, the main technical graph says, everything is moving (yet) in this direction.
SPX (S&P 500 Index)
German $DAX ($EWG) Topping Out?Originally posted on 3/12, but blocked b/c I referenced my X account. Looks like a bearish move could be materializing alongside broader risk asset weakness:
Is the XETR:DAX topping out? Monthly RSI @ 80+ w/ weekly nosing over and daily bearish divergences observable. Index high from 3/6 coincided with the 261.8% Fibonacci extension of the 11/2021-10/2022 uptrend correction.
Confirmation short setup could materialize $FDAX closes below pivot low of the 1D uptrend (22226), bounces off of short-term demand (ex: 22142-21691, and trades into supply ≥ 22226. This scenario is speculative - the market needs to show its hand.
Presently, DAX is up > 1.5% alongside US stocks, which dipped into intermediate-term demand and benefited from softer-than-expected CPI prints. However, DAX (and domestic) bulls haven't proven anything yet. Unless buyers manage to push the DAX higher - initially above 22900 and secondarily through 23000-23200 - on accelerating momentum, risk remains to the downside (IMO). German stocks have been global relative strength leaders as of late, so if they do correct, other equity indexes may retreat in tandem.
Long-term charts for US indices ( SP:SPX , NASDAQ:NDX , TVC:RUT ) look more bearish vs. bullish (I still have some shorts on), though a near-term recovery is plausible. If domestic equities do trade lower, selling could materialize in Asian and European markets. Use LTF charts to monitor price action/manage risk and splice into shorts if German stocks AMEX:EWG start to crack.
My $0.02. Feedback welcome.
Jon
Bollinger Bands Pinch, Market Yawns… I Stay Ready Bollinger Bands Pinch, Market Yawns… I Stay Ready | SPX Analysis 21 Mar 2025
It’s Friday, the market’s half-asleep, and I’ve redrawn my trendlines more times than I’ve refreshed my tea.
The weekly chart (top left, if you're playing along at home) is shaping up to close with a tight little range bar, which basically tells us what we already knew: we're in a classic sideways smush. (technical term)
And yes—I've once again spent time repositioning the bull/bear boundary levels, only to find that my actual triggers haven't changed a bit. The Bollinger Band pinch just confirms the stallout. Nothing new. Nothing sexy. Just… waiting.
And honestly? I’m fine with that. Because Monday’s “don’t rush it” dodge saved me from getting trapped on the wrong side of a lazy bounce.
Still bearish. Still patient. Still on standby fora push towards 5600, where I’ll happily ring the register on a few bear swings.
---
There’s a special kind of frustration in watching a chart do absolutely nothing while you do absolutely everything to analyse it.
That’s where we are. SPX continues to compress, now sporting a tight little Bollinger pinch that confirms (again) that the market’s in full nap mode.
🟠 Weekly chart: Range bar. Narrow. Uneventful.
🟠 Boundary redrawing: Done. Re-done. And redone again.
🟠 Bull/Bear triggers: Still the same, above 5705 for bulls, below 5605 for bears.
I’ve adjusted my short-term channel view, tried to refine the angles, squinted at a few Fibonacci levels, and... nothing's really changed. .
What’s interesting, though, is that while all this noise is happening, the real setups are marinating. My bear swings are aging like fine wine, just waiting for a push toward 5600 so I can cash out a few tranches that’ve been overstaying their welcome.
And let’s not forget:
💥 The bull trigger still hasn’t fired.
💥 Monday’s Paddy's Day Party and bull entry swerve? Best decision of the week.
💥 No new entries unless levels break. No exceptions.
I’m not expecting a massive move today, though saying that probably jinxed it. If we get some surprise action late in the day, great. If not, I’ll be clicking into the weekend with my blood pressure blissfully normal and my trades still on track.
---
Fun Fact
📢 Did you know? Jesse Livermore, one of history’s greatest traders, once said: "The real money is made in the waiting."
💡 The Lesson? The best trades don’t happen when you force them—they happen when you let them come to you.
Nightly $SPY / $SPX Scenarios for March 21, 2025 🔮 🔮
🌍 Market-Moving News 🌍:
🇯🇵📉 Japan's Inflation Data Release 📉: Japan will release its inflation figures for February on March 21. Analysts expect a slight decrease in the Consumer Price Index (CPI) from January's 4.0% to approximately 3.5%. This data could influence global markets, including the U.S., as it may impact the Bank of Japan's monetary policy decisions.
📊 Key Data Releases 📊:
📅 Friday, March 21:
🛢️ Baker Hughes Rig Count (1:00 PM ET) 🛢️:
Previous: 592 rigs
This weekly report provides the number of active drilling rigs in the U.S., offering insights into the health of the oil and gas industry.
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
I wouldn't be surprised for a capitulatory type of drop tomorrowAs we can see the trend line have held the US500/SPX/SPY price for so many times, we still couldn't break above it. In other word, it's acting as current overhead resistance ever since we broke down from this white line. We tried three times so far this week, 17th, 19th and the 20th, still couldn't manage to break above it. So if anything happens tomorrow, it would be a big red candle to tomorrow with gigantic volume since it is going to be the "Quad Witching" Day.
When will the "True Bounce" be happening? I would say, the bounce back window should starts as early as next week if we see capitulation tomorrow.
5700 Holds the Key - But I’m Not Chasing5700 Holds the Key - But I’m Not Chasing | SPX Analysis 20 Mar 2025
There was a time—many, many moons ago—when I’d stare at the screen, heart pounding, watching every single tick, second-guessing myself, sweating over every micro-move.
And you know what? It was exhausting.
Now? I don’t play that game anymore.
I check my charts twice a day—once in the morning, once near the close. That’s it. I don’t get caught in the noise, I don’t set alerts that jolt me into action every five minutes, and I sure as hell don’t stress over every single price fluctuation that nudges my trigger levels.
Because I trade a system—not emotions.
Right now, SPX is hovering near my key levels, and while others are biting their nails and jumping in too soon, I’m just… waiting.
---
Deeper Dive Analysis:
I used to think the best traders were the ones who never took their eyes off the screen.
That was a lie.
📌 How I Trade Without Letting the Market Control Me
I’m a full-time trader, but that doesn’t mean I sit at my desk all day, reacting to every tiny move.
I check the charts in the morning to set my plan.
I check back near the close to manage open positions.
That’s it.
No pointless alerts. No staring at every price tick. No overreacting when price comes close to my trigger levels.
📌 Why This Works – Stress-Free & More Profitable
Not gluing myself to the screen means:
I don’t jump in too soon out of FOMO.
I don’t panic if price "almost" hits my level.
I let trades play out without second-guessing every move.
📌 SPX Setup – The Same Plan, Still Waiting
Despite all the noise, the plan hasn’t changed.
5705 is my bullish trigger.
5605 is my bearish trigger.
5700 is shaping up to be a key pivot level.
The market is dancing around these numbers, but I’m not chasing.
📌 Why Patience Pays – Let the Market Do the Work
I’m not paid to react—I’m paid to execute.
If price confirms my setup, I’ll take action.
If it doesn’t, I wait.
Either way, I sleep just fine at night.
📌 Final Thought – Trading Is NOT a 9-5 Job
The market doesn’t care how long you stare at your screen.
Great trades don’t require babysitting.
Stress-free trading is real—you just need discipline.
The best setups work, with or without you watching.
So today, I’ll do what I always do—stick to my plan, check in when I need to, and let the market come to me.
Because the real secret to high profits and low blood pressure?
Not overtrading.
---
📢 Did you know? In 1958, legendary trader Richard Donchian introduced the 4-week rule—if price breaks out after four weeks of sideways action, it often triggers a massive move.
💡 The Lesson? Great setups don’t happen every day—but when they do, you better be ready.
Nightly $SPY / $SPX Scenarios for March 20, 2025🔮 🔮
🌍 Market-Moving News 🌍:
🇨🇳🏦 People's Bank of China (PBOC) Interest Rate Decision 🏦: On March 20, the PBOC will announce its latest interest rate decision. While specific expectations are not detailed, any adjustments could influence global markets, particularly in the Asia-Pacific region.
🇬🇧🏦 Bank of England Interest Rate Decision 🏦: The Bank of England is scheduled to announce its interest rate decision on March 20. Analysts anticipate that the central bank will maintain the current rate at 4.5%, following a recent reduction. This decision will be closely watched for its implications on the UK economy and global financial markets.
📊 Key Data Releases 📊:
📅 Thursday, March 20:
📉 Initial Jobless Claims (8:30 AM ET) 📉:This weekly report indicates the number of individuals filing for unemployment benefits for the first time, providing insight into the labor market's health.
Forecast: 225,000
Previous: 220,000
🏭 Philadelphia Fed Manufacturing Index (8:30 AM ET) 🏭:This index measures manufacturing activity in the Philadelphia Federal Reserve district, with positive numbers indicating expansion.
Forecast: 10.0
Previous: 18.1
🏠 Existing Home Sales (10:00 AM ET) 🏠:This data reflects the annualized number of previously constructed homes sold during the prior month, offering insights into the housing market's strength.
Forecast: 3.95 million annualized units
Previous: 4.08 million annualized units
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY rally done soon?My overall thesis is we are in the very early stages of a multi-year decline ultimately with the S&P 500 below 3500. I have been wrong many times before so I will just take this thing in stages and see if it plays out. After this massive decline, we should be in for a great market rally of many decades. I am expecting the market to end its recent rally this week. The current rarely would be about a week in length depending when it began for individual stocks. The rally has done a few important things with its slow and prolonged upward movement, mainly prevents a wave 3 signal from occurring during the next decline.
My wave 3 indicator tends to signal wave 3s and 3 of 3s. See my scripts for the specifics of the indicator. If the market had a short wave 4 up and then a sharp or prolonged drop during wave 5, a new wave 3 signal would occur which violates the currently placed Minor wave 3 (yellow 3). Allowing separation from the current wave 3 signal enables wave 5 to drop quick or slow.
This chart applies select movement extensions based on wave 1's movement on the left and then another based on wave 3's movement on the right. I keep the values between 0%-100% on the chart for wave 2s and 4s retracements of the preceding wave's movement for reference even though the retracement values would be inverted.
Specifically for SPY, Minor wave 3 was longer than wave 1, which does not place a maximum length on wave 5. Assuming wave 4 ends on Thursday or Friday, Minor wave 5 could be a week or longer. In that time, at the very least it should drop below wave 3's bottom of 549.68. Using some basic movement extensions, it will likely go lower. The 5 wave lower pattern for this fifth wave is hypothetical, but a bottom could occur between 525-538. Once we bottom, we should see another rally over a few weeks. I will forecast what that could look like as Intermediate wave 1 nears its end.
Another possibility that could play out is we rally through the weekend. In this case Intermediate wave 1 possibly ended at the current Minor 3 bottom. This would mean we are in Intermediate wave 2 now. I will evaluate this solution if the rally continues next week.
Will the spring & summer of 2025 conclude our retrace in minor BIn the interest of full disclosure we have not even confirmed our minor A has in fact bottomed...but assuming we have struck a short term bottom, we are now embarking on a minor B wave retrace that I anticipate taking us into the start of summer.
In any respect, I am viewing this as only a counter trend rally with a scary (c) of C of (A) to come into the low SPX 5,000 region eventually. There everything gets decided for the long-term.
Be careful out there.
Chris
BUBBLE RUN of global marketsTheory! I just like to visualize similar global market events.
NASDAQ:NVDA now vs. Cisco from 1991-2002 — it looks almost identical.
The years 2026-27 could mark the final stage of the current “bubble run”:
> an enormous number of crypto ETFs (even for worthless shitcoins)
> overleveraged funds, from small players to industry leaders
> AI projects with minimal revenue but insanely high infrastructure costs
> soaring Gold prices alongside a decade-long decline in the U.S. manufacturing index, all while the stock market remains expensive
> OpenAI, crypto exchanges, and AI companies with no real revenue planning IPOs in 2026+
I believe we are currently in a Bubble Run!
This could be great for Bitcoin, because historically, Gold (over the past 100 years) has reached all-time highs during the final phase of a stock market bubble and continued rising until the market’s final dip. Then, smart money starts a new bull cycle — selling gold to buy cheap stocks.
Tight Coil, Big Move Coming - FOMC Could Be the TriggerTight Coil, Big Move Coming - FOMC Could Be the Trigger | SPX Analysis 19 Mar 2025
Sometimes, doing nothing is the best trade you’ll ever make.
While I was off enjoying my long weekend, SPX’s bullish move got slapped back into the range. Had I jumped in long, I’d probably be hedging or cursing my screen right now.
Now, price is coiling into a bear flag, and with the FOMC circus rolling into town at 2PM, I’m expecting things to stay tight until the fireworks start.
📌 Bullish above 5705.
📌 Bearish below 5605.
📌 Until then, I sit back and let the market make the first move.
Because in this game, you don’t force trades—you wait for the perfect shot.
---
Deeper Dive Analysis:
Some days, doing nothing is the right trade.
That’s exactly what I did over my long weekend, and it ended up saving me from stepping into a bullish trap. SPX’s move up was short-lived, and now we’re right back in the range—but this time, it’s setting up in an interesting way.
📌 The Setup – Bear Flag + FOMC = Volatility Incoming
SPX has:
Fallen back into the previous range—bulls are losing control.
Coiled into a tight bear flag formation—hinting at a breakdown.
FOMC later today, which could be the match that lights the next move.
📌 The Trade Plan – Let the Market Show Its Hand
Right now, I have no interest in guessing. Instead, I’m letting the market come to me.
Bullish above 5705? I’ll consider a long setup.
Bearish below 5605? I’ll ride the downside momentum.
Until then, I sit tight.
📌 Bigger Picture – The Waiting Game
FOMC is always a game of patience. Traders try to guess what’s coming, but most end up whipsawed to oblivion.
I won’t be one of them.
If the market confirms my bias, I strike.
If it fakes out, I wait for a better setup.
No stress, no panic—just disciplined execution.
📌 Bottom Line – The Best Trade Is Sometimes No Trade
For now, I’m watching, waiting, and keeping my capital intact.
Because when the market finally makes its real move, I’ll be there, ready to take full advantage.
---
Fun Fact
📢 Did you know? The longest FOMC meeting in history lasted five days—in 1932, during the Great Depression. Traders were left in limbo, staring at their tickers, waiting for an answer that took 120 hours to arrive.
💡 The Lesson? Waiting for clarity isn’t new—it’s just that today, we get our pain in hours, not days.
Nightly $SPY / $SPX Scenarios for March 19, 2025 🔮 🔮
🌍 Market-Moving News 🌍:
🇺🇸🏦 Federal Reserve Interest Rate Decision 🏦: The Federal Open Market Committee (FOMC) will announce its interest rate decision on Wednesday, March 19, at 2:00 PM ET, followed by a press conference with Fed Chair Jerome Powell at 2:30 PM ET. The Fed is widely expected to maintain the federal funds rate at its current range of 4.25% to 4.5%. Investors will closely monitor the Fed's economic projections and Powell's comments for insights into future monetary policy, especially in light of ongoing trade tensions and global economic uncertainties.
🇯🇵💴 Bank of Japan Monetary Policy Decision 💴: The Bank of Japan (BOJ) is set to announce its monetary policy decision on March 19. The BOJ is expected to keep interest rates steady, as policymakers assess the potential impact of U.S. trade policies on Japan's export-driven economy. The yen has remained stable ahead of the announcement, with traders awaiting the BOJ's guidance on future monetary policy.
📊 Key Data Releases 📊:
📅 Wednesday, March 19:
🏢 Existing Home Sales (10:00 AM ET) 🏢:This report measures the annualized number of existing residential buildings sold during the previous month, providing insight into the strength of the housing market.
Forecast: 5.50 million annualized units
Previous: 5.47 million annualized units
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
10D Chart shows Falling 3 , Pullback to 3/18!! $SPYAMEX:SPY shows 10D trend very clear. It is my hidden gem. We, by my charting, Should pullback until 3/18 ... not sure how far but I have plenty of targets on the way down to my ultimate target at 5200... I think we could flush to $560.. Good Luck yall. Gems I tell ya... sorry I'm so bad at explaining things..
$SPY $SPX OLD CHART BAR PATTERN COVID CRASH NOW!!!!Holy crap.... I just came across an old chart and literally in the nick of timeI tell you. All I'm going to say is... I'm a pattern chart trader and this is the COVID bar pattern attached to our daily from like a year ago almost and I loaded up an old layout to do work and boom... here we are... Good LUCK ... Not sure what the trigger will be but we are here.
$QQQ Dead Cat to 10 WMA, then lower. Buy $496, Sell $514 What I see here is a double top on the weekly just like 2022. I can see our last 9 count in 2022 produced a 30% rally to the top. After the rally several months of sideways movement until we break trend. If we are Indeed Repeating the 2022 TOP. Then we have a harsh year ahead of us. As I said in previous posts, we should close February at the low of January. I have KRE falling out next week so I'm skeptical about what's going on. We've got DOGE checks and what not, who knows. I'm extremely bearish and I do believe we will bounce into a rejection this next week, then fall even further the week of 3/14. I will update day by day. For now, $496 will be my Buy. and $514 will be the Sell. Take Care Yall.
S&P500: Bottom is in. Strong 5month rally ahead.S&P500 is bearish on its 1D technical outlook (RSI = 38.840, MACD = -92.170, ADX = 55.129) as it hasn't crossed above the 4H MA50 or the 1D MA50 yet. Still, it did price the bottom on the HL trendline of its 2year Channel Up. The 4H MACD formed however a new Bullish Cross on the LH trendline, same as the October 31st 2023 HL bottom. As the market did then (October 2023), the 4H Death Cross that took place last week, happened exactly at the bottom and the 0.618 Fibonacci of the previous HL. We are still bullish and our target remains the -0.618 Fib (TP = 6,900).
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SPX Rally or Trap? Here’s What I’m WatchingSPX Rally or Trap? Here’s What I’m Watching | SPX Analysis 18 Mar 2025
After a well-earned extra-long weekend, I’m playing a little game of catch-up.
SPX has broken out of the range, now making a strong 2-day rally—but is it the start of something bigger, or just another fakeout before the next drop?
📌 My bull trigger is locked in above 5705.
📌 My bear trigger is waiting below 5625.
📌 Larger timeframe suggests we could still see 5255 if the move fails.
With my levels set and my triggers waiting, it’s all about execution now.
Time to let the market make the first move—then I’ll strike.
---
Deeper Dive Analysis:
Taking a day off from the markets always makes me itch to get back in—but it also means I have to play catch-up.
Yesterday’s price action unfolded pretty much as expected, so now it’s all about execution.
📌 The Setup – Is This Breakout the Real Deal?
SPX has broken out of the recent range and rallied for two straight days—but we’ve seen this trick before.
If this move has real momentum, I’ll enter in above 5705.
If it’s another fakeout, my bear trigger at 5625 will come into play.
On the daily chart, a failure here could send us as low as 5255.
📌 The Trade Plan – Let the Market Make the First Move
✅ I’m not rushing in—I’m waiting for my levels to get hit.
✅ If we stay above 5705, I’ll take the bullish entry.
✅ If we roll back under 5625, I’m flipping back to bearish.
📌 Bigger Picture – What Happens Next?
If the breakout holds, we could see a larger trend shift.
If it fails, 5500 becomes the next major level to watch.
Either way, I’m positioned to react—not predict.
📌 Bottom Line – The Market Makes the First Move
I’ve marked my levels, I’ve set my triggers, and now it’s just a waiting game.
Time to see what unfolds.
---
Fun Fact
📢 Did you know? In 1987, before circuit breakers were introduced, the Dow plunged 22% in a single day—the largest one-day drop in history.
💡 The Lesson? Sometimes, playing catch-up in the markets means waking up to absolute chaos. Luckily, I only missed a Monday. 😉
S&P500 Channel Down broken. Will the 4H MA50 sustain an uptrend?The S&P500 index (SPX) broke above both its 1-month Channel Down and 4H MA50 (blue trend-line) yesterday and more importantly is so far keeping the price action sideways above it.
This is an indication that it may flip it from previously a Resistance, into Support. The signal for this bullish trend reversal came first (and a very timely one) by the 4H RSI, which formed Higher Lows against the price's Lower Lows on March 13, a clear Bullish Divergence. That turned out to be the bottom.
Now that bullish break-out has been confirmed, we expect a quick test of the 4H MA200 (orange trend-line) on the 0.618 Fibonacci retracement level. Our short-term Target is 5900.
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S&P 500 Reaches Major Support – Will Buyers Take Control?SP:SPX is experiencing a corrective move after rejecting from the upper boundary of the ascending channel. The price has now reached the lower boundary of the channel, aligning with a key demand zone. This confluence of trendline support and horizontal demand increases the probability of a bullish reaction from this level.
If buyers maintain control at this level, we could see a rebound toward the 5,936 level, which aligns with the midline of the ascending channel. This level could serve as a short-term target within the current bullish market structure.
However, failure to hold above this support zone could invalidate the bullish outlook, and signal further downside. Traders should monitor bullish confirmation signals, such as rejection wicks, rising volume, or bullish engulfing patterns, before entering long positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
Nightly $SPY / $SPX Scenarios for March 18, 2025 🔮 🔮
🌍 Market-Moving News 🌍:
🇺🇸🏛️ Federal Reserve Meeting Commences 🏛️: The Federal Open Market Committee (FOMC) begins its two-day policy meeting on March 18, with a decision on interest rates expected on March 19. While markets anticipate that the Fed will maintain current rates between 4.25% and 4.5%, investors will closely monitor the meeting for any signals regarding future monetary policy directions.
🇨🇳📊 China's Economic Data Release 📊: China is set to release key economic indicators, including retail sales and industrial production figures for February. These data points will offer insights into the health of the world's second-largest economy and could have ripple effects on global markets, including the U.S.
📊 Key Data Releases 📊:
📅 Tuesday, March 18:
🏠 Housing Starts (8:30 AM ET) 🏠:This report measures the number of new residential construction projects begun during the month, providing insight into the housing market's strength.
Forecast: 1.31 million units (annualized)
Previous: 1.34 million units
🏢 Building Permits (8:30 AM ET) 🏢:This data indicates the number of permits issued for new construction projects, serving as a leading indicator for future housing activity.
Forecast: 1.35 million units (annualized)
Previous: 1.36 million units
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
S&P500 First bullish break out after a monthS&P500 crossed today above both the 1 month Channel Down and the MA200 (1h).
The latter was intact since February 21st.
The MA100 (1h) has the potential to turn now into the short term Support.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 5900 (the 0.618 Fibonacci retracement level).
Tips:
1. The market just formed a MA50/100 (1h) Bullish Cross. The first since Feb 13th.
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