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Us500long

us500 long positionus500 still bullish What happened? H4 timeframe: - bearish setup complete - -27% , -61,8% and fib extension complete. Daily timeframe: - 120% Retest happened with bullish variation (always wait for h4 candle). price could go 4349.50 to test the weekly trendline as final touch - Price "seen" to push below market structure - Liquidity pushed price to get collect pending sell orders and stop out those who had long positions open - Tp @ -27% and -61,8% respectively.
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by motheomabudusha
US500 4666.4 LONG IDEA + 0.15 % * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON US 500 INDEX. The index is currently trading in an ascending channel that has seen consolidation in the marked supply & demand zones. * Tested and rejected the base of this structure creating a double bottom at the base pushing the bullish bias overall. * A BREAK ABOVE of the circled candle and close triggers long entry on the index. - looking for continuation with the bulls targeting the supply zone. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
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by PULEMokhothu
US500 - swing trading plan and technical analysisThe major US index is ''suffering'' a healthy correction from around 4750 ATH set in November roughly 2 weeks ago! The volatility is quite high, thus the risk has increased in addition to potential return. You know how it works... ...higher risk - higher return. At the moment my total stock market exposure is around $50k and from current level I am planning to hold at least until 4900, which means around 7.2% profit potential at the time of writing. Also I am ready to double my total speculative exposure based on the scenarios you can see on the chart. Fundamentally we have the potential to grow. Omicron might end the covid pandemic, due to its' not so severe effect. Tapering means that the US economy is healthy and can sustain itself without drug money. The US yields should not grow extremely. Oil market is in balance right now and backwardation is almost gone. Reopening economy stocks potentially can be well-bid. Major tech stocks are also having bright future earnings outlook. Risk and money management is very important. Patience as well.
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by GIgor_021
New ath on US500??Long till go wrong. This is rule n.1 after pandemic crash. You can see on the chart, US500 is still going up with small correction. Corrections are usually around 5%. Trading in this range is very simple. Take long on supports and sell on resistance. But it's also important to be carefull, bcs everybody are starting bullish and this is time to be bearish. In the market can not win everybody. When this index is in the channel, there is still good oportunity to take longs.
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by UltimateCryptoTrader
US Market Technicals Ahead (27 September – 1 October 2021)Expect markets to remain at last week’s levels of raised volatility for the final week of the third quarter with investors keeping an eye on fresh economic data for the US including the ISM Manufacturing PMI and PCE inflation. Fed Chair Powell will also testify on Coronavirus and CARES Act before the Senate and lawmakers will try to pass a funding plan to avoid a government shutdown on October 1st. The Evergrande limbo is set to continue as markets expect an update on interest payment for a dollar-denominated bond and hope a default could be avoided. The 2-days ECB Forum on Central Banking will be keenly watched for more clues on the monetary policy outlook and traders will also pay attention to the outcome of the German federal election. Here’s what you need to know to start your week.
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by jfsrevg
US Market Technicals Ahead (20 September – 24 September 2021)This Wednesday’s Fed policy announcement will be the main directional driver for equity markets as investors will be expecting to hear if the central bank will begin withdrawing stimulus this year. Several policymakers have been calling for early tapering despite the recent slowdown in inflation numbers. On the economic data front, notable publications include building permits and housing starts, the flash Markit PMI survey, new and existing home sales. Several other central banks will also hold meetings in the week ahead, including the Bank of Japan and the Bank of England. Meanwhile, embattled Chinese property developer Evergrande (HK:3333) faces the prospect of defaulting on its debts, stoking fears of contagion that could spread to markets outside of China. Here’s what you need to know to start your week. S&P500 (US Market) With stocks struggling in this seasonally weak month for the market, all three major averages are negative month to date , but still sit less than 3% below their all-time highs. The benchmark index $SPX ended with week on consecutive losses, posting a further loss of -0.97% (-43.3 points). The Federal Reserve’s highly anticipated September meeting is set to occur this week. Fed Chair Jerome Powell will hold a press conference Wednesday at the conclusion of the two-day meeting. Investors are awaiting for more specifics about the Fed’s tapering of its easy monetary policy, particularly after mixed economic data released over the past weeks. $SPX breached its 20DMA and 50DMA support, currently trading at the support zone of its medium term trend channel. This is the 7th occurrence since 25th March 2021, where $SPX would rebound in the immediate week and swing towards another all time high. The immediate support to watch for $SPX this week is at 4,375 level; a significant 2ATR breakdown from its current up trend channel, a first sign of weakness in this mid-term rally. Federal Reserve meeting The Fed will begin its two-day policy meeting starting Tuesday ahead of its policy announcement on Wednesday afternoon and investors will be on the lookout for any details of the central bank’s plans to start paring back its $120 billion a month emergency stimulus program. The Fed’s timeline for scaling back economic stimulus is important as it represents a first step towards eventual interest rate hikes. Several Fed officials have said tapering should start this year, a view Fed Chair Jerome Powell may echo, while stressing a rate hike is still way off. The Fed may stick to a cautious approach giving economic uncertainty due to rising COVID-19 cases and a weak jobs report for August. Economic data The U.S. data calendar for the week ahead is centered around housing figures, which are set to stabilize after a slight uptick in mortgage approvals for home purchases in recent weeks. Data on housing starts and building permits data are due out on Tuesday, followed by figures on existing home sales on Wednesday and data on new home sales is due for release on Friday. Market watchers will also be looking at Thursday’s report on initial jobless claims amid concerns over the hit to the economic recovery in the current quarter from the spread of the Delta coronavirus variant, especially among people who are hesitant to take vaccines. Central bank meetings Besides the Fed, several other major global central banks are also holding meetings in the coming days. The Bank of Japan, which also meets on Tuesday and Wednesday, is widely expected to keep policy steady but may warn about growing risks to exports from supply disruptions. On Thursday, Norway’s central bank is set to become the first from the developed world to hike rates since the pandemic, likely raising its main 0% rate to 0.25%. The Bank of England is unlikely to change policy at its Thursday meeting but may indicate whether it still views inflation as transitory. Crunch time for Evergrande Indebted Chinese property developer Evergrande has a bond interest payment of $83.5 million due on Thursday, with investors pricing in a high likelihood of default. That such a tiny amount could be the tipping point for a $355 billion behemoth with more than 1,300 developments across China and over $300 billion of liabilities shows how bad things are. China’s second largest developer has been scrambling to raise cash, with fire sales on apartments and stake sales in its sprawling business network, but with little success. Concerns that Evergrande could default on its debts is spilling over into China’s financial markets and even risks contagion that could spread to markets beyond China.
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by jfsrevg
1
US Market Technicals Ahead (28 June – 2 July 2021)The second quarter is ending. Global stocks are on track to post their second strongest H1 gains since the turn of the century, but the second half looks harder to predict. All eyes turn to the US employment report on Friday, with investors hopeful for signs of improvement in the labor market after two months of slower than expected jobs growth. Meanwhile, the ISM Manufacturing PMI survey should point to a strong pace of expansion in factory activity, not far from March's 37-year high and despite the ongoing supply constraints. President Joe Biden’s $1.2 trillion infrastructure deal will continue to boost U.S. markets, but other concerns remain. Elsewhere, OPEC+ meets on Thursday with expectation to offer guidance into the coalition's production plan. Energy traders are anticipating another production increase as the demand outlook continues to recover. Here’s what you need to know to start your week. S&P500 (US Market) The benchmark index $SPX rallies to all time high, posting a weekly gain of +3.17% (+131.8 points), closing at 4,285 level. It is important to remain cautious of last week's rally as volume displayed was lacking, and seasonality is still in play. End of quarter 'window dressing' by portfolio managers could be a reason for the 'mark-up'. $SPX have now rebounded off the breach of its 20D and 50DMA (key levels highlighted last week), remaining within the trend channel established since early November 2020. The immediate support to watch for $SPX this week is at 4,135 level; a pivot low confluence with trendline support break. Jobs report The June nonfarm payrolls report is expected to show that the economy added 675,000 new jobs, pushing the unemployment rate down to 5.7% from 5.8%. With concerns over rising inflation and the strength of the recovery to the fore of investors’ minds, markets will also be looking at other labor market statistics, including wage growth and labor force participation. Last week Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to encouraging a "broad and inclusive" recovery in the labor market, adding that there is still a long way to go, and that support is still needed. Economic data Ahead of Friday’s jobs report, markets will get updates on pending home sales, ADP private sector payrolls, jobless claims and ISM manufacturing activity. The ISM data is likely to underline strains on the supply chain that are pushing up costs, boosting the chances that inflation will remain at higher levels for longer. OPEC+ meeting The Organization of the Petroleum Exporting Countries and allies, known as OPEC+ will hold a series of meeting in the coming week to review the situation in the global oil market ahead of an official meeting on Thursday. Thursday’s meeting is expected to result in another boost in output as the demand outlook continues to recover. Oil prices climbed to their highest since October 2018 on Friday, putting both benchmarks up for a fifth week in a row.
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by jfsrevg
US Market Technicals Ahead (21 June – 25 June 2021)The Federal Reserve sent ripples across financial markets after its Wednesday meeting, when it signaled that interest rate hikes could come sooner than expected. US Dollar jumped, indices fell and bond yields moved to imply higher short-term interest rates in the future. An appearance by Fed Chair Jerome Powell before Congress on this Tuesday will be in focus as are expectation for the tapering in bond-buying program to remain as a dominant trading theme this week and likely for the rest of the summer; as market participants digest the hawkish shift in policy guidance. Investors in the US will also turn their attention to the June flash Markit PMI survey, with forecasts suggesting growth rates in both manufacturing and services sectors remained close to May’s all-time highs due to broader economic reopening and a labor market recovery Here is what you need to know to start your week. S&P500 (US Market) Major US Indices ended sharply lower last week, with the $DJI (-3.71%) and $SPX (-2.19%) recording their worst weekly performances since late October and late February, respectively. The tech-heavy $NDX index closed with slight positive (+0.26%). The declines were marked by a slide in value stocks, a pullback in some commodity prices as well as a rally in the dollar and U.S. government bonds. This decline was also signaled previously on the bearish divergence highlighted last week. $SPX have now currently breached its 20D and 50D Moving Averages on its third consecutive session for the first time since October 2020. With $SPX now currently trading back on its mid-term trendline support, the immediate support to watch for $SPX this week is at 4,110 level; a high volume volatile price support zone set in May 2021. Hawkish Fed shift The Fed surprised markets last week when it projected two potential rate hikes in 2023, sooner than markets had anticipated and signaled that it was also reaching the point where it could begin talking about tapering its $120 billion a month stimulus program. The shift in guidance was underlined when St. Louis Fed President James Bullard said on Friday that a move towards faster tightening of monetary policy was a “natural” response to economic growth and rising inflation as the economy reopens in the wake of the coronavirus pandemic. The question of whether stronger than expected inflation would prompt the Fed to act sooner had already been hanging over financial markets in the run up to the policy meeting. Powell testimony Market participants will be closely watching comments by Fed Chair Jay Powell on Tuesday when he is due to testify, via satellite link, on the Fed’s emergency lending programs and current policies before the House Select Subcommittee on the Coronavirus Crisis. In addition, several other Fed officials are due to make appearances during the week and their comments will also receive a lot of attention as markets look for fresh cues on the future direction of monetary policy. Economic data Investors will be paying close attention to the week’s upcoming economic data for clues on whether the recent surge in inflation – which saw consumer prices accelerate in May at the fastest rate in almost 13 years – is continuing. Data on personal income and spending for May is due out on Friday, which contains the core PCE price index, supposedly the Fed’s favorite inflation gauge. The economic calendar also features reports on new and existing home sales, durable goods orders, manufacturing and service sector activity and the weekly report on initial jobless claims, which is given close attention, given the uneven recovery in the labor market.
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by jfsrevg