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
Spx500long
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
SPX Approaching Support, Prepare For A Bounce
SPX is approaching its support at 2723.5 (38.2% Fibonacci retracement, horizontal swing low support,61.8% Fibonacci extension) where it could potentially bounce to its resistance at 2809.9(61.8% &161.8%Fibonacci extension).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
Short SPX 500 Next 2-4 WeeksClear sell-off in process. Looking for previous support levels to be reached.
In the next two weeks I see a pullback for SPXS right after SPX finds a brief bottom and consolidates for a short bit my target buy for SPXS is the 21’s and my Target sell is $25.
$29 SPXS coincides with ~2550 SPX. This is possible by Mid-July. (4 1/2 weeks).
SPX S&P 500 2 Week ForecastTrump wants to win re-election. Trump can’t win if the US economy enters recession.
The only way Trump can possibly avoid recession is if the Fed cuts interests rates now. If the Fed waits til the market has tanked in order to cut rates, it will be too late to avoid recession via monetary stimulus that point. Trump needs rate cuts now! In order to get this he is using the tariffs to tank the stock market now to force the Fed’s hand.
The Fed meets June 19, July 19, and September something. They don’t meet in August. These next two meetings are important.
I believe the SPX will find a temporary bottom right around this first Fed meeting in 2 weeks, for a 3% decline.
If the Fed comes out with a surprise rate cut in June or July this could send the market higher (not much of surprise as probabilities are now at 80% for a rate cut in September but would still be a surprise). If the Fed does nothing I’d expect more selling & finding new support lower.
If SPX continues selling after June 19, I’d look for support between 2550 & 2475. I don’t think the Federal Reserve would let the SPX get that low again though...
SPX Approaching Support, Prepare For A Bounce
SPX is approaching its support at 2728.3 (38.2% Fibonacci retracement, horizontal swing low support,61.8% Fibonacci extension) where it could potentially bounce to its resistance at 3012.0(61.8% &161.8%Fibonacci extension).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.