SPX500 - Bounced from 50 Fib - LONGSome soft of consolidation is required before moving higher up. SPX lost momentum yesterday, was pulled back. We are still seeing bulling movement which might climax on Friday late afternoon (before G20).
If G20 summit opens a door for further negotiations between Trump and Xi, we shall see another ATH or at least confirm it.
-=Never give up=-
Spx500long
SPX - another all time high is on the horizon? S&P500SPX is missing a 5th wave up (Elliot) and looks like there might be another push up to $2995-3010 area??? This would play out well with GOLD set up. Triple top and a massive crash afterwards. This will catch all of the FOMOs out there, squeeze all of the juices that are left in the lemon, destroy all of the shorters and Debbie-Downers and then a massive Bye Bye? Just an observation.
SPX Next Target 3050-3100Similar pullback pattern developing which should take the $SPX to new ATH in the coming weeks. As long as the long term technicals remain bullish, then buying pullbacks is in order. Trade war talk is just that. Lots of bears on this case but SPX only dropping 3% on such news doesn't resemble a bearish omen so far. Looking to take longs via ES futures shortly. PT = 3050-3100 range.
SPY ES1! SPX Still Bullish, Pause before higherThe weekly SPY chart continues to look positive.
I circled areas where strong bounce weeks ended up failing and reversing to new lows.
But IMO, those reversals came with poor technicals (MACD trending down and/or negative) and showed big red candles right away. Now, we're seeing different action - MACD is turning up now and last week was flattish, closing at support. Stay long
Interest Rates, Range Consolidation to dominate the marketsWith the markets hoping for a cut, the stakes are high on how the Fed is going to balance whatever stand they take this week.
The chart shows our A.I. powered models' trading plans for the day! For details, please read the published outlook at tradersaiDotCom
Good luck with your trading today!
TRADERSAI - A.I. Driven Model Trades for FRI 06/14Earnings and Economic Headlines to begin to Replace Geopolitical Concerns?
No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks' earnings concerns (read, Broadcom's), China's weak economic numbers, IEA's oil demand outlook, and Gold's rise...these are likely to consume investors' sentiments today, heading into the weekend.
Detailed trading plans at TradersAIdotCom under S&P OUTLOOK for FRI 06/14
A.I. Driven SPX Model Trades for Wed 06/12This Morning's "No Inflation, No Problems" (Good) News Bad for the Markets?
The CPI release this morning points to no concerns about inflation or the health of the economy. While this is good for the common man, and the general well being of the economy, the equity market players could take this as a bit disappointing to their hopes of an imminent Fed rate cut.
Our models indicate chances for stalling in the markets today while the recent steep gains consolidate. They indicate the following trading plans for the regular session of the S&P 500: SP:SPX
SPX Approaching Resistance, Prepare For A Reversal
SPX is approaching its resistance at 2900.7(61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 2723.5(38.2% Fibonacci retracement , 100% Fibonacci extension , horizontal swing low
support).
A.I. Driven Trading Plans for 20190607 - Medium Freq ModelsNew to Trading View here - trying to experiment how our daily Trading Plans can be published for the community here, in a Pine Editor script. Looking forward to hearing back comments, suggestions, ideas on how best to do this. Thanks!
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SPY SPX Bullish Breakout ConfirmedIts not an ideal set-up, but its still a breakout with multiple levels of support below.
Bottom line, we have a downtrend breakout and some technical confirmation. Again, its not a slam dunk.
But my gut tells me sentiment got overly bearish, so there is fuel for a rally. And we have a whole lot of support levels all the way down to $277 SPY to hold a sell-off - trendline, 100-day moving average, 200-day.
On the upside, clear sailing at least to $287. Probably higher