US500 4229.4 SHORT IDEA + 0.86 % * PRICE ACTION & STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE US 500 INDEX FROM A 4H PERSPECTIVE. Will be looking for reversal patterns for this trading plan to be effective a break above of the resistance level changes the plan.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
US500SHORT
US Market Technicals Ahead (3 May – 7 May 2021)As markets enter into the month of May, investors will turn to the US jobs report due this Friday, which will probably point to an acceleration in the labor market recovery. Appearances by Federal Reserve officials and other data, including PMIs for indications on the health of the U.S. economy will also be closely watched, as the reopening continues
On the corporate front, the first-quarter earnings season continues, with reports to watch including Pfizer ($PFE), General Motors ($GM), PayPal ($PYPL), Uber ($UBER), and Berkshire Hathaway ($BRK)
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) squeezed out a gain of, +0.34% (+14.1 points), with price action remaining flat and muted as cautioned previously. The current ATR-14 range of $SPX is trading at its lowest of the year at 40 points/day, an almost 50% shave off from the Year to Date peak of 71 points per day (March 2021).
With $SPX daily price action transiting into a consolidation phase at its high, along with sessional volume well remaining below its 50 days average range for the 4th consecutive week, it is worth to note that the number of US equities trading above its individual 100 Day Moving Average have declined to only 66%.
At such juncture, it is of utmost importance for market participant to remain prudent with their risk exposure on the long side of the market. The immediate support to watch for $SPX remains at 4,110 level, a minor classical support level.
Bumper job gains expected
The U.S. economy is expected to have notched up another strong month of jobs growth in April with Friday’s nonfarm payrolls report expected to show 978,000 jobs created, after 916,000 jobs were added in March – the largest increase since last August. The unemployment rate is expected to tick down to 5.7% from 6%.
Data late last week showed that economic growth accelerated in the first quarter, putting the economy on track for what is expected to be the strongest performance this year in nearly four decades.
Unprecedented fiscal stimulus and easing anxiety over the pandemic, with all adult Americans now eligible for vaccination, have resulted in a faster economic rebound in the U.S. compared to the rest of the world.
Earnings
Earnings are rebounding from last year’s pandemic-fueled lows, with results now in from more than half of the S&P 500 companies.
Dozens more companies are due to report in the coming week, with vaccine makers Pfizer ($PFE) reporting Tuesday, followed by Moderna ($MRNA) on Thursday.
Travel related earnings to watch include results from Hilton Worldwide Holdings Inc ($HLT) and Caesars Entertainment ($CZR), while some consumer brands are also on the schedule, including Anheuser Busch Inbev ($ABI) and Estee Lauder ($EL).
Some other notable earnings include General Motors ($GM), Uber ($UBER), ViacomCBS ($VIAC), DraftKings Inc ($DKNG) and Beyond Meat ($BYND).
Earnings are raising some fresh questions in the debate over growth versus value. After a decade of steadily under-performing the overall market, value has been a favorite reopening bet and investors will be watching to see if this trend continues.
Fed Chairman speaks
Fed Chairman Jerome Powell is speaking on Monday, but he is not expected to offer any fresh insights on the economy during his appearance to discuss community development at an online conference hosted by the National Community Reinvestment Coalition.
Last week Powell said the “time is not yet” to talk about tapering the Fed’s $120 billion monthly pace of bond buying.
US500G'day guys.
US500 had make another movement to 2.618 Fibo Level over a couple week.
Next we expecting this price gonna make turn soon, based on the candlestick we can clearly see that loss of interest to pushing the price further up.
To allow this pair pushing further up, we expecting correction for next afew month to stabilize low interest rate toward inflation. As recent release of FOMC, no change on interest rate being made.
This indicate FED would like to make a partial recovery and not taking more risk increasing the interest rate. As we expecting economic growth will be strengthen via secure and repurchase made buy fed's
Let's see what happen next. Cheers
US500 IdeaGday Guys
Next we analyse US500.
This pair was pushing high which in human behavior perspective, their looking for final push before expecting to react on next FOMC meeting release.
Am anticipating and expecting this pair will creating a deep correction before continue to move uptrend once again.
Let's see what happen next to this pair.
Cheers
US500 Chart Coming DaysThis will be a very good move as the market was held at the resistance level. SL should be kept small as always.
S&P500 3900 IS VISIBLEALL ending wave patterns will overshoot the trendlines.
S&P 500 may form a reversal pattern today for a long time bear cycle.(expanding triangle WAVE'C')
4200 is one more key number to look in for further upmove.
IF monday(19/4/21) the index come inside the top trendline(false break-out) expect 3900 next week
US500 Chart For Coming DaysA fall perspective as the market returns to a critical area and an all time high.
US500 IdeaG'day guys
Today we mixed our analysis other that FX.
From my perspective, US500 was bullish for sometimes.
But based on market health and momentum, this pair getting weaker and weaker. Normally, when this market move like this there possibility of market continue bullish before suddenly correction happen.
Am expecting price, the downside correction might build up slowly if you guys remember 2008 crash, most likely the history might happen once again.
Let's see what happen next on this US500
Cheers
US Market Technicals Ahead (12 Apr – 16 Apr 2021)Price volatility is expected to pick up this week. First-quarter earnings season gets underway with updates expected from major banks such as JPMorgan Chase ($JPM), Citigroup ($C) and Wells Fargo ($WFC). While results are expected to be fairly strong, most will be watching to see what companies say about the outlook for the current quarter and the rest of the year, given expectations for faster economic growth.
On the economic data front, U.S. consumer price inflation (Tuesday) and retail sales (Thursday) will be the biggest data points of the week.
Global financial markets will also pay close attention to comments from a Fed Chair Jerome Powell at the Economic Club of Washington on Wednesday, for additional insight into the outlook for monetary policy in the months ahead.
Elsewhere, in Asia, China will become the first major economy to report first-quarter growth data when it publishes highly anticipated GDP numbers.
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) furthered its ascend with a gain of +2.12% (+85.5 points) for the week, establishing an all time high closing of 4,122 level. This was aligned with our weekly market analysis highlighted last week.
It is important to note that the past week of daily incremental price action on $SPX has reflected a clear Bearish Divergence with its transactional volume. A price retracement upon a eutrophic rally beyond the structure of a technical trend channel is always imminent on such scenario. However, the hypothesis of a short term correction for $SPX would remain healthy and strong for the bullish sentiment of the index.
With price volatility expected to pick up this week due to the series of major economic events, the immediate support to watch for $SPX is at 4,030 level, a trendline resistance turned support level.
U.S. 1Q Earnings Season Kicks Off
The first quarter earnings season on Wall Street will kick off in the coming week, with banking giants JPMorgan Chase ($JPM), Goldman Sachs ($GS), and Wells Fargo ($WFC) all set to release their latest quarterly results on Wednesday.
Earnings from Bank of America ($BAC), Citigroup ($C), and Blackrock ($BLK) are then due on Thursday, followed by Morgan Stanley ($MS) on Friday.
Overall, Q1 earnings are expected to have jumped nearly 25% year-over-year, according to Refinitiv. That would be the biggest quarterly gain since 3Q 2018, when tax cuts under former President Donald Trump drove a surge in profit growth.
Financials are expected to show one of the biggest earnings gains, up 75.6% year-on-year, while materials are seen up 45.4%.
U.S. Consumer Price Inflation (CPI)
CPI is expected to have risen 0.5% last month and 2.5% over the prior year, according to estimates. If confirmed, it would mark the fastest increase in eight months.
Excluding the cost of food and fuel, core inflation is projected to climb 0.2% from a month earlier and 1.6% on a year-over-year basis, a tad faster than the 1.3% increase registered in February.
Rising inflation expectations helped spark a first-quarter selloff in Treasuries that drove yields to pre-pandemic highs in recent sessions.
U.S. Retail Sales
The consensus forecast is that the report will show retail sales jumped 5.5%, rebounding from February’s steep decline of 3%, which was the biggest drop since April 2020.
Excluding the automobile sector, sales are expected to rise 4.8%, snapping back from a drop of 2.7% in the preceding month.
Fed Speakers
A number of Fed speeches will get market attention in the week ahead, as traders watch for further clues on interest rates.
Topping the agenda will be remarks from Fed Chair Jerome Powell who will be speaking on Wednesday at an Economic Club of Washington event.
The Fed chair has reiterated lately that any emergence of inflation should be temporary and that the central bank will keep its accommodative policies in place for a long time.
China 1Q Gross Domestic Product (GDP)
China will post its first quarter gross domestic product (GDP) on Friday morning.
The data is expected to show the world’s second-largest economy grew 18.8% in the first three months of 2021 when compared to the year-ago period, accelerating from the previous quarter’s 6.5% pace.
Besides the GDP report, the Asian nation will also publish data on March trade balance, industrial production, retail sales, unemployment, and fixed asset investment.
China’s economy has shown signs of improvement in recent months, with activity rebounding to pre-pandemic levels thanks to a resurgence in global manufacturing and a sharp recovery in domestic spending.
S&P 500 DECISION NEXT WEEKWe had 23 week BO and after a shallow 9 week flat correction , this index made another 23 week followup move northside.
So far every thing goes well with year low VIX. BUT something tells me that a big movement is gonna happen from next week.
Result season will punish the bulls? Neo wave time cycle has the clue. just wait for next week, dont forget to take a ticket for return journey
ES1 CLIMAX OVER?4060 is the key level to reach by S&P500 futures to decide its further bull run.
REASON ; c5=c1+c3
LOGIC; B wave over extention limit is 4060
CONFIRMATION ; next week monday selling from this leveLl
NEAR TERM BEARISH as (4b) recovery completed and next (4c) will begin DOWN to 3720 next week
SELVAM,
NEO WAVE ANALYST
US500 3928.6 -1.11% * PRICE ACTION & STRUCTURAL TRADE HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE NASDAQ INDEX.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
some rules on exits & entries hope they help.
1. look at structure be it descending channels, pennants and so forth basically price action whats price doing.
2. If you use indicator determine does it align with your play e.g is it overbought/oversold where there market is it in a pull back to structure or continuing does price alighn with your indicator.
3. entries from 30M , 1H, 2H & 4H time-frames the higher the time-frame the more likely it will end up swing or long term.
4. aggressive trades can be executed on the pull back / or at ranges of structure that's when you are a scalper or your trade are Intra - day based
5. price action must definitely align with the plan.'
6. structure definitely
7. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
That's basically entry & exits plan basic guide lines
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
US500the leading US stock need a correction to find new low , i believe the market already calculate the new stimulus
for the last past three week bears lead in the market from Asia to CA
I would like to recommend buy limit order in 3600 it will be a nice catch .
most sentiment show the same thing as chart bears are out for blood 40-60 ration
yellow line wich i use is a S&R on monthly frame
US Market Technicals Ahead (08 Mar – 12 Mar 2021)President Biden’s $1.9 trillion coronavirus aid bill was passed by the Senate on Saturday and sent back to the House for approval which will take place on Tuesday. Investors will be closely watching the progress of this aid bill through Congress this week against a backdrop of concern over what such a large stimulus package could do to inflation and interest rates. Market participants will also be focusing on U.S. inflation figures with a report on the consumer price index due out on Wednesday and the producer price index scheduled for Friday. In Europe, the European Central Bank will hold its latest policy meeting on Thursday.
Here’s what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) reversed most of its losses in late Friday to end up +0.83% in a sign some bargain-hunters may have already swooped in after a bumpy week. This comes after $SPX decline over -3.55% in three consecutive session.
At the current development (since last week’s highlight on the structural breakdown of $SPX)
Price Action remains below 20DMA
Price Action remains below 50DMA
Price Action is resisted at lower band of 4 Months uptrend channel
Further increase of implied volatility since 16th Feburary 2021
$SPX has a short term establishment of Lower Highs and Lower Lowers for a short term consolidated downtrend channel of 100 points range
At the current junction, $SPX remains bullish at a mid-term higher low. Further signs of weakness in this correction will require $SPX to breach its immediate support level at 3,720.
Immediate resistance for $SPX is currently at 3,915, a breakout of its short term downtrend channel.
Stimulus: a double-edged sword?
The pandemic relief package will give a powerful boost to the economic recovery and to the stock market, but optimism has been offset by fears over rising inflation and interest rates.
Investors have taken the recent run-up in bond yields – which has propelled the benchmark 10-year Treasury yield to levels not seen since before the pandemic – as a sign of potentially damaging inflation expectations.
But U.S. Treasury Secretary Janet Yellen indicated Friday that higher long-term Treasury yields were a sign of expectations for a stronger recovery, not of increased inflation concerns.
U.S. inflation figures
Investors will be closely watching U.S. inflation figures on Wednesday and Friday amid worries over the potential implications of rising price pressures.
Last week Fed Chairman Jerome Powell said that even if prices jump as anticipated this spring, “I expect that we will be patient,” and not change monetary policies that need to remain supportive until the economy is “very far along the road to recovery”.
ECB meeting
Thursday’s ECB meeting is the main event for the euro zone after extended lockdowns in the first quarter. Policymakers will assess the damage to economic growth against a background of a vaccination rollout that is struggling to gain traction, particularly compared with similar efforts in the UK and the U.S.
ECB head Christine Lagarde will also announce the bank’s new quarterly forecasts at the post policy meeting press conference.
Besides the ECB meeting, the euro zone will release figures for January industrial production on Friday, which are expected to contract.
US5001. Down trend channel, nearly at the to of the channel. 2. looking for rejections of that resistance
Lovely Trade💸Hurray, wolves🔥
Here we have a new formation with breakout support zone.
There could be 2 possible scenarios.
First, the price may continue to fall without any corrections.
Second, the may enter into the deep correction and retest the level.
So follow the chart and look for the entering point carefully.
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And always remember: "we don't predict, we react".