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Us500usd

US Market Technicals Ahead (5 Apr – 9 Apr 2021)Stock market gains could continue with with the $SPX index scaling the 4,000 level for the first time last Thursday. IMF’s spring meeting and minutes from the last FOMC meeting and the ECB’s latest meetings will be in the spotlight this coming week. Investors will also be watching if Congress will pass President Joe Biden’s massive 2 Trillion infrastructure plan announced last week. Markets in China, Germany, the UK and Australia will be closed on Monday for holidays. Here is what you need to know to start your week. S&P500 (US Market) The benchmark index ($SPX) surged to its all time high with a gain of +1.61% (+64.1 points) for the week, scaling the 4,000 level for the first time last Thursday. Those gains could continue after the Labor Department reported Friday that the U.S. economy added 916,000 jobs in March, the most in seven months, while jobs growth in February was also larger than previously estimated. T The immediate support to watch for $SPX is at 3,989 level, a previous resistance turned support level going forward. IMF meeting The IMF is to begin its spring meetings (virtually) on Monday where policymakers will give a snapshot of the economic fallout from the pandemic, but also release updated forecasts for growth for 2021 and 2022. IMF Managing Director Kristalina Georgieva has already indicated that the updated World Economic Outlook will see an upward revision to January’s forecast for 5.5% global economic growth this year. Central bank minutes The Federal Reserve is to publish the minutes of its March meeting on Wednesday and investors will be on the lookout for any fresh insights on inflation amid concerns that unprecedented stimulus will lead to rising price pressures. Fed Chairman Jerome Powell played down concerns about inflation after the bank’s March meeting, saying policymakers see inflationary pressures as transient. The ECB is to release its latest meeting minutes on Thursday. Last week ECB President Christine Lagarde said investors could test the bank’s willingness to rein in rising borrowing costs “as much as they want”. Powell, Fed speakers Investors will be watching an appearance by Fed Chair Jerome Powell who is due to discuss the global economy on an IMF panel Thursday. Meanwhile, U.S. Treasury Secretary Janet Yellen is to speak at a webinar hosted by the Chicago Council on Global Affairs on Monday to discuss the global economic recovery from the pandemic.
ULong
by jfsrevg
US-MARKETS: 4-MAJOR INFLUENCERS10 yr Yield expected LOWER, RISK-ON after conformation. BUYING STRATEGY: Take 50% profit at 50% of previous WAVE (just do it) and place stop at purchase price. IF price reverses lower YOUR EVEN,.... IF price continues UP-TREND then, re-buy at NEXT CORRECTIVE WAVE. This is actually a very aggressive strategy for going in early that is why 50% "hedge" PROFIT is taken EARLY in the TRADE. Combining ELLIOTT WAVE and THIS strategy , has SAVED my account 3-TMES during the past 3-weeks.
TVC:TNXLong
by wolffarchitecture
US500 series of rising and sudden drop happeningUS500 As the economic activity hasn't picked up as expected in second quarter of this year. In some part of the US the economic slow down is further accelerating and many of the skilled and non skilled workers are unable to return to the duty. This has reflected in company growth and overall economic growth is still intact as earlier forecasted by OECD. After reaching the September high around 3600.00 (which is a key psychological level) the trend has reversed towards south as the pause in vaccine development and the surging of daily virus cases We can see a series of rising and sudden drop in the prices with the bear flag formations. And trading in a downward channel. I am expecting that the price will continue to run lower towards 3000.00 level. From this level we can expect shift in the momentum towards bullish The price is currently trading below the 50% Fibonacci and the next downside target would be 61.8% Fibonacci level comes around 3188.00 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
UShort
by forexorbit
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