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Us100future

A Break above 14020 Could change The big SidewaysThe number of Americans filing for unemployment benefits fell to 242 thousand in the week ending May 13th, down from an 18-month high of 264 thousand and below market expectations of 254 thousand. The latest reading indicated the labor market in the United States remains relatively tight, potentially leading to upward pressure on wages and providing the Federal Reserve with an opportunity to implement further interest rate hikes in its efforts to combat inflation. The Philadelphia Fed Manufacturing Index in the US increased to -10.4 in May of 2023 from a nearly three-year low of -31.3 in April, and better than market forecasts of -19.8. General manufacturing activity in Philadelphia continued to decline overall but at at the slowest pace in four months. New orders (-8.9 vs -22.7) and shipments (-4.7 vs -7.3) rose from last month but remained negative while employment declined (-8.6 vs -0.2). The price indexes remained below long-run averages, with the prices received index declining further (-7 vs -3.3) The survey’s future indexes continued to reflect muted expectations for growth (-10.3 vs -1.5), with almost 37% of the firms expecting a decrease in activity over the next six months. US futures were mixed on Thursday, with contracts on the Dow Jones down nearly 30 points while both the S&P 500 and the Nasdaq were above the flatline. Shares of Walmart were up 1.7% in premarket trading after the retailer raised its full-year forecast and earnings topped forecasts. At the same time, traders become increasingly optimistic the debt ceiling standoff would soon be solved and the US will avoid a default. Also, regional banks are also expected to extend gains when markets open. However, the latest data showed weekly claims fell more-than-expected last week, triggering fears of more Fed interest rate hikes.
CAPITALCOM:US100Long
by DaveBrascoFX
8
I asked Chat GPT How US100 Price will changeS3 13215.8 S2 13240 S1 13251.1 R1 13275.3 R2 13288.4 R3 13312.6 My current strategy Bullish I asked chatgpt how she sees US100 of the future. And the answer is not too far away of my researches. I tried to visualize chatgpt answer The blue cuve is the pojected price developement by chatgpt. A little fun factor, so dont take it seriousely and letS STOCK TO OUR OWN TRADINGPLAN CURRENTLY THE PROJECTED DEVELOPEMENT our own signals are sync. But I will closely compare chatgpt tadingplan and mine. So you can do the same ,if you like. Please feel welcomed to comment and shareyour ideas and inspire us as well. At leasst trades do nothing else, but trading the future possible events and developements at the current time being. Interesting is, that the most pice reverseals sync nealy closed to the prior Vps. I remember a quote of Richar Dennis, the foundeof the TurtleTaders: Traders ae the stundents of the makets.
CAPITALCOM:US100Long
by DaveBrascoFX
13
US100 Long U.S. Debt Deal Optimism Boosts SentimentI have marked the Bullish Bearish scenarios of the next 2 weeks(Possible Potential Long) Green Bullish Golden Cross High Bullish Volume Technically: HH HL Donchian Long June S&P 500 futures ESM2023 are trending up +0.18% this morning as market participants weighed the latest updates on negotiations in Washington to reach a debt-ceiling deal while awaiting a key speech from Fed Chair Jerome Powell. In Thursday’s trading session, the tech-heavy Nasdaq 100 notched a 1-year high, boosted by gains in chip stocks and a more than +9% jump in Netflix Inc NFLX after the streaming giant said its recently launched ad-supported tier reached about 5 million active users per month. Also, the benchmark S&P 500 rose to a 9-month high, helped in part by an over +11% surge in Take-Two Interactive Software Inc TTWO after the company reported above-consensus Q4 net bookings. In addition, Walmart Inc WMT rose more than +1% after the retail giant reported upbeat Q1 results and raised its full-year guidance, helping keep the blue-chip Dow in positive territory.
CAPITALCOM:US100Long
by DaveBrascoFX
1