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Spy!
SPY Buyers In Panic! SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 568.10 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 557.14
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
This is NOT Bullish for the Stock Market!This week The Fed lowered rates and everyone was "SURE" that this would lead to a huge market yeet in stocks and Bitcoin INDEX:BTCUSD ... but are we getting it?
Price closed the week with an attempt to break higher on the S&P 500 futures CME_MINI:ES1! BUT closed BACK INSIDE the prior All Time High. THIS is a key sign of a potential reversal. In this video I look at similar instances to demonstrate how this simple element of price action is often all one needs to correctly identify reversals whether it is Bitcoin, individual stocks, or the market as a whole!
Why The Fed Lowered Rates - My Opinion Part IIThis is Part II of Why The Fed Lowered Rates - My Opinion
The only reason the Fed lowered rates by 50bp this week is because the global markets are reeling under pressure from a strong US-Dollar and a strong US economy.
Without any relief, the new POTUS would enact new policies and push them through Congress, and the US would start another spending spree—pushing the US-dollar-based assets even higher and driving the capital flow into USD-based assets even further.
That capital flow is harming foreign economies, and global central banks have been trying to fight the tide of a very strong US dollar for more than two years.
If the Fed had not lowered rates, we would likely start to see severe pressure on global central banks and possibly even governments/economies over the next 24-48 months.
This is a way for the US Fed, and thus the US economy, from potentially being dragged into a global contagion event after 24+ months of reducing global money flow/function.
Simply put, the US Fed gave in to global central bank concerns related to a strong US economy/Dollar compared to their weaker currencies/economies and the pressure being exerted by a decoupling global economy.
Even though the lower US rates may provide some relief for the global market, the pressure on global currencies/economies may adapt to this "new normal" and continue to squeeze global central banks.
Time will tell.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Why The Fed Lowered Rates - My Opinion Part IThere has been a lot of speculation as to why the Fed lowered interest rates by 50bp.
My opinion is the Fed realized the pressure of a stronger US-Dollar and stronger US economy, headed into the POTUS election accompanied with new spending/policy related to a new POTUS, could put the global markets under extreme currency/economic pressures.
So, in order to provide more breathing room for the global economies, the US Fed decreased rates, taking a bit of pressure off currency rate divergences and allowing global central banks a bit of room to manage their economies against the 900-lb Gorilla (which is the US economy/US-Dollar).
In short, the US Fed needed to alleviate pressure put on the Global markets because of the 900-lb Gorilla US economy.
Not to save the US economy from an internal crisis...
But to save the world from a crisis of their own making. A Global Credit/Debt crisis has been brewing since before 2008.
The US Fed "gave in" and decided they had to decrease rates to reduce the risk of a foreign market contagion event (currencies/debt).
In my opinion, that is the only reason the Fed lowered rates.
Get some.
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how to prepare for the trade. Professional traininghow to prepare for the trade. Professional training
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
$AMD in “W” Formation?NASDAQ:AMD looks to be developing a “W” formation, similar to a double bottom. There are quite a few of these formations on charts especially in the “Semis.”
AMD stands out to me and looks to have a measured move from the breakout point (top of middle of “W” measured an equal move higher, see chart). The breakout looks to me to be $157.82 for a possible entry. I have an alert set early at $155.25 so I can evaluate an earlier entry. All TBD.
The target price looks to be very close to the previous high or about an 18% move. Again, all TBD.
If I take this trade, I will update the post. Note, this is “looking” like a setup to me, it is not yet a trade. Thanks for looking.
SPY/QQQ Plan Your Trade For 9-20 : Breaking Up/Down PatternAfter watching yesterday's rally phase (which I believe was a relief rally driven mostly by foreign markets), I believe today's price move will be somewhat muted.
Yes, today's pattern is a Breaking (UP/DN) pattern, which suggests we may see some type of volatility event today. But overall, I believe yesterday's big price move was a volatility event, and today, the markets will struggle to identify a trend. I believe price will struggle for direction/trend today, and because of that, I'm urging traders to move assets away from the markets heading into this weekend.
I think it is better to move assets into CASH and prepare for trading next week. There is no reason to attempt to pick a position or trade heading into this weekend when we really don't know how the global markets will react to news or conflict events worldwide.
So, the best option today is to try to identify a few early trades, then move your assets into mostly cash and wait it out (till Monday).
I don't expect the markets to do anything besides consolidate below yesterday's highs.
Gold made the move up to 2635-2640 today - perfect. Pull profits today and wait for the next move.
BTCUSD is a bit higher today, but I believe it will pause - just like almost everything else today.
The global markets are still digesting the rate cut. We'll see what happens early next week - but today will probably be a stalling/pause in trend.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY testing key resistance levelsSPY today broke its resistance level set back in July after processing the rate cut. Other worrying signs to emerging though
shorter term resistance is breached to the upside
Longer term resistance line show SPY is back to pushing the limits trying to break above
Last time we experienced break above long term resistance in July it was followed by steep sell off in August
We should not be celebrating and jumping in on SPY just yet, looking like its poised for another correction. It is September-October after all.
SPY500 $SPY | RALLY AFTER FED RATE CUT - Sep. 19th, 2024SPY AMEX:SPY | RALLY AFTER FED RATE CUT - Sep. 19th, 2024
BUY/LONG ZONE (GREEN): $552.50 - $575.00
WEAKER BULLISH ZONE (PALE GREEN): $552.50 - $540.50
Weekly: Bullish
Daily: Bullish
4H: Bullish
This was my analysis for the end of the day yesterday, forgot to post it. Price has already rallied fairly well today. The Fed cut rates yesterday 50bps, down from 5.50 to 5.00. Here is what I was looking at as the market became volatile when reacting to the news. Despite the market already quickly moving in favor of the bullish zone, I still think we will reach the top of that zone before any form of reversal or significant pullback.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, AMEX:SPY , fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility,
SPY/QQQ Plan Your Trade For 9-19 : Top-Resistance PatternToday's pattern is a Top-Resistance pattern.
After yesterday's Fed rate cut and the reaction, overnight, by the global markets, this top pattern suggests the markets will find a peak today and roll downward, away from that peak level.
Overall, I'm not too worried about a major crisis top today. I believe the Fed has unchained the US/Global markets a bit with the 50bp rate cut.
My custom indexes show the US/Global markets have moved into a new US-Dollar-based demand phase at the same time we are seeing a valuation-base and speculative-based price appreciation phase.
That means we are the following is taking place:
_ US Dollar is still stronger than most other currencies and demand for US-Dollar-based assets is still dominant.
_ Price appreciation is based on a renewed valuation accumulation phase. This is where traders see the US stock market as moderately undervalued and begin to accumulation based on discounted valuation levels.
_ Price appreciation is also based on a new speculative trend phase - showing more of a RISK ON mode where traders are chasing the upward price trends a bit more aggressively.
Putting all of that together, ahead of a US POTUS election event and the recent decrease in FFR, I think we are seeing a perfect environment for a MELT-UP trend to continue into a moderate early Santa Rally.
The one thing that could derail this momentum is some unexpected or crisis event that pops up out of nowhere. So be aware there are still risks.
Now, let's sit back and enjoy a rally day while we wait for confirmation of the breakaway high (FPT breach to the upside).
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
9/18 Weak pump on Jerome's underpromise and overdelivery.Overview:
Thank you, mighty Lord Jerome, for the pump! The Fed under-promised but over-delivered with a full 2 basis point rate cut. Looking at the 15-minute BINANCE:BTCUSD chart, when the decision was announced, the price spiked by just 1.7% before correcting. However, at 7 a.m. Shanghai time, four hours later, the price started to pump and has now broken the key weekly level of $61.4k. The question is, will the bulls defend this line and establish it as new support by bouncing from it?
The first news of a possible September rate cut came out in late June. On June 21st, the Financial Times reported, "Fed on course for two cuts in 2024 starting in September" ( link ). At that time, Bitcoin was still correcting from its $72k peak. Fast forward two weeks, and on July 16th, CNBC reported that traders were pricing in a 100% chance of a September cut ( link ). Interestingly, BTC had reached its bottom four days before this news and then started its second-largest bull run wave.
Yesterday, the CME FedWatch Tool spiked to indicate a 65% chance of a 0.50% rate cut, compared to just 10% in early August. From now on, we’ll be giving more weight to this indicator. Last Friday, on 9/13, we predicted, "With this week’s meteoric growth, Monday and Tuesday are expected to trade flat or slightly negative due to profit-taking before the volatility." Between Friday evening and Monday evening, BTC corrected by 4.9%.
Technical Analysis:
W: We’ve passed the important weekly level of $61.4k and need to either bounce from it or close the week above this level. The BB MA sits at $62.5k, so the trend remains bearish until that level is reached. This overlaps with the liquidation heatmap, which shows $22 million in liquidity built up. Indicators suggest we will reach that level.
D: Since yesterday, we’ve confirmed a bullish trend after rebounding from $58.2k. RSI hasn’t hit the overbought level yet, and the MACD has been climbing since the sell-off on September 7th. Unfortunately, the volume hasn’t increased, even with this bullish macro event. Both the spot and futures markets are showing a lack of enthusiasm, with Open Interest falling since Friday’s high.
4h: As we mentioned yesterday, Jerome doesn’t care about bearish divergences. The current pump is defying technical analysis, which reminds us to avoid trading around major events like Fed meetings or earnings reports.
1h: RSI is hitting the overbought region for the second time in 36 hours—not a good sign.
Altcoins vs. BTC:
Weak reactions from ETH and SOL, but NEAR, SUI, and FTM are rocketing higher.
Bull Case:
Retail traders might see BTC printing lower highs and lower lows, indicating a bearish trend. Influencers are already preparing content about the next level being $44k and advising on how to stay solvent in a bear market. Remember the saying: “Be greedy when others are fearful.”
Bear Case:
The economy may not be doing as well as whales think. If it becomes clear that the rate cuts aren’t working, whales could start dumping, driving the price toward $44k.
Fear and Greed Index:
We’re at 40.44, officially out of Fear territory.
Prediction:
Expect the pump to continue for the rest of the week.
Iconic Failed Bullish move on SPX?If the S&P500 gets rejected at this level, it has the power to be an iconic selloff.
Now before we get to “bear’d up ” understand the SPX is still holding above the key short term daily moving averages and holding higher lows. The long term trend is still up.
Now to go back to being bearish. This FOMC interest cut was a big 0.50 BP which is not what most were expecting.
The rate cut that everyone was so bulled up on ended up backfiring in the markets face. The market sold off and reversed lower. Historically this is a phenomenon we can observe throughout previous rate cutting cycles.
Along with a buy the rumour sell type of day, the candle formation om the SPX are appearing to be higher volume reversal candles. Today session almost completed bearishly engulfed yesterday’s session.
These 2 candles have also proceeded to be trading at New All Time Highs before failing to hold and reversing Lower.
Is NVDA the catalyst for the market?NVDA just had a bearish crossover of the 20 & 50 MA (Daily chart)
Last time we saw this bearish moving average formation was in early August.
NVDA proceeded to fall sharply in the coming days.
All eyes on the market leader. All eyes on the QQQ.
Will the Q’s be the demise of SPY?
If Nvidia sees anymore weakness you can be sure it will have other semis following suit.
Risk to reward in the near term is clear.
What To Expect After The Fed rate Cut: 9-18-2024 (Fed Day)This video is really designed to teach you some basics about Fibonacci Price Theory (FPT) Analysis. I wanted to show you how I see the charts using FPT and why, sometimes, I might be seeing things differently than you do on the charts.
In my world, there are simple constructs that are evident on every chart. Supply & Demand zones, trending/flagging, and most importantly Fibonacci Price Theory constructs.
Fibonacci Price Theory is the basis of all my analysis. It is the ground-level structure I look for in price on all charts. Then, I move to more advanced indicators and other analysis types to develop a Success/Failure outcome (trend/trade expectation).
What I do is not hard to understand - it just takes practice.
Fibonacci & Gann techniques are infinitely adaptable to any type of price action. I use another technique I call the Tesla Price Amplitude Arcs which often help me identify where/when price events may happen - but that is for another video (maybe).
Ultimately, it comes down to understanding the structure and intent of price action (either success or failure) and how to position your trades for that success or failure of any price event.
There are really two types of traders: trend traders and counter-trend traders.
Trend traders try to catch the explosive price moves as trend events.
Counter-trend traders try to catch major reversal levels in price and try to profit from counter-trend price moves (reversals/reversions).
Using FPT, you can learn to execute both type of trading styles and improve your ability to see the market trends/setups more clearly.
I hope this video helps you learn to become a better trader and helps you understand my Plan Your Trade videos more clearly. At least you'll be able to understand how I see charts and what drives much of my thinking related to chart.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
2024-09-18 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
sp500 e-mini futures
comment : Look at the daily chart and then you can’t be anything but neutral after yesterday and today. Consecutive doji bars with huge tails above and minor tails below. I don’t care about the new ath on the cash index since I trade the chart in front of me and that’s where the ath was in July and due to contract switch it’s now at 5782 while today hit 5756. The high was high enough to qualify as a tripple top now and we can sell off or make a new one above 5800. The dominant feature is the bull wedge and we are kinda closer to the middle than to the top or bottom. I can see this going either way to be honest. Ask yourself this, has the market a reason to sell off right now after the big rate cut? Answer was no before and definitely no after the cut. Does not mean it can not happen anyway.
current market cycle: trading range (bull wedge)
key levels: 5660 - 5800
bull case: Bulls made another higher high and a higher low. Does not look that good for bulls to buy the close 5680 but it sure as hell does not look bearish. As long as support and resistance are holding, I lean bullish and scalp long. Market is still trading above the 4h 20ema and obviously the daily, so bulls remain in control. Obvious targets above are 5782 and then 5800.
Invalidation is below 5665.
bear case: Bears need a lower low below 5665 and that’s they only target for now. Until they can achieve that, they have no good arguments on their side. I do think market will spend some more time in this area before we see another breakout. If bears would get below 5665, their next target is the daily 20ema at 5640 and below that is the bull trend line around 5570.
Invalidation is above 5810.
short term: Neutral between 5665 - 5782. Big range but that’s today’s range where we wildly went up and down multiple times.
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: Nope
trade of the day: Buying 5690 and selling 5720 but you needed wide stops to trade this.
FOMC (FED) 50 bps Cut - What's Next???FED cut 50 bps today (as CME FED Watch Tool predicted), but it was one of the closer toss-up probabilities at 55% to 45% odds.
Today's 50 bps leaves room for more to come and the market is anticipating 10 cuts in 11 FOMC meetings out through 2025.
The market's resilience has been impressive, but until the market is satisfied with more "good news" on employment, inflation, and earnings growth...fresh all-time highs and rips may prove elusive in the near term.
Thanks for watching and enjoy the video!!!
S&P 500 INDEX (^SPX) short term outlookThe S&P 500 is trading within an upward price channel, indicated by the parallel trendlines. The index is nearing a potential breakout above key resistance near 5650, where previous attempts to breach this level were rejected. The price is currently at 5638.73, with Bollinger Bands showing a squeeze, suggesting increased volatility ahead.
A breakout above 5650 could lead to a rally towards the target zone between 5800 and 5900, shown in the chart. The moving averages are aligned to support bullish momentum, but caution should be taken if the price fails to break the resistance, as this may result in a pullback to the 5500 support area.
In the short term, traders should watch for increased volume and confirmation above 5700 for a potential continuation to higher levels. A failure to break out could signal consolidation or a move back toward lower trendline support.
SPX6900Real stocks r cringe
A memecoin like SPX6900 has the potential to "moon" due to several factors intrinsic to the nature of memecoins and the dynamics of the cryptocurrency market. Firstly, memecoins often capitalize on viral marketing and social media hype, which can drive significant interest and investment from retail investors. The name SPX6900 could itself be a clever combination of elements that resonate with internet culture, potentially amplifying its appeal. Furthermore, if influential figures or communities within the crypto space endorse SPX6900, it could lead to a rapid increase in its visibility and perceived value. Finally, the speculative nature of cryptocurrency investments means that many investors are constantly on the lookout for the next big opportunity, and a memecoin with a catchy name and strong online presence could easily capture their attention, driving up its price substantially.
SPX6900 and Project AEON probably moonsIf we could harness the power of God, could we flip the S&P500 ?
Deep within the clandestine vaults of SPX6900 Labs, a radical research experiment codenamed "Project AEON" sought the answer to this question. But then, the unexpected happened. A phenomenon known as a quantum glitch occurred, sparking life into 3333 Aeons - beings neither of this world nor wholly apart from it