USA
SPDR S&P 500 ETF TRUST - SHORT POSITIONUsing a 20-day ranged Fibonacci, investors can see that SPY-S&P-500 has closed yesterday 18/07/22 at $381. Using a 20-day ranged Fibonacci, investors can see that this price is closer to its resistance level of $397 whereas it’s support is equal to $363. This is a bareish signal, investors should expect a correction closer to it’s support.
For further accuracy, using standard deviation; Bollinger bands have been applied using a 20-day range. The Bollinger’s lower bound is equal to $369, it’s upper bound is equal to $392. This Bollinger further supports the bareish signals presented by the Fibonacci given that it’s currently priced closer to the Bollinger’s upper bound. Therefore, it presents an additional bareish signal with a smaller and more accurate range in comparison to the Fibonacci.
A MACD indicator is a 9-day EMA, it is used to identify turns. The blue MACD line appears to be running parallel to the red signal line. This suggests neither a bearish nor a bullish sentiment. Based on the MACD DEMA it would be reasonable to anticipate a steady momentum of price movement.
All things considered; I would anticipate steady, bearish underlying movements of the SPY-S&P-500. The buyer should set a strike price in line with the Fibonacci’s $397 resistance. I anticipate the stock to reach it’s lower bound Bollinger level of $369 by the end of the week.
$XAG - Keep an eye!$XAG - Keep an eye!
Precious metals have had an ugly time within the market, when it comes to rate hikes decisions stronger dxy leading commodities to weaken further, but now we are at key areas when it comes to HT and that's interesting. As I always state HT = ST movement.
Regarding support areas of $XAG if $18 doesn't hold we head further lower to $17 and that can easily be achieved but this area of support we've tested for yrs and that's why it really matters and sure we could look at metals miner we could even look further to get the best R/R for XAUXAG to seek out further validation. I'm personally on side line for now.
There has been various headlines regarding, lot of buyers when it comes to physical precious metal buying for 'inflation' hedge...
Have a great weekend
TJ
DXY: Waiting for the DeclineGreetings to all.
I expect the US dollar index to decline in the medium term.
Disclosure: This article may not take into account all the risks and catalysts of the assets described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental/technical criteria or events change in the future, I do not assume any obligation to update this article.
DXY short term bear, longer term bull. We are in a massive descending channel since some time in the 1980s or so. The idea shows how our dollar may return to the orange trendline and continue on its way up until summer 2024 or so. Are bears here to stay until 2024? In my opinion: The sooner we reach the top of the channel, the better. Most of us hold stocks and crypto lol... Mostly posting this so I can see how it plays out in 2 years. I will post other timeframes in comment section below.
When this trendline breaks, Japan may hyperinflateJapan's central bank is buying unlimited amounts of Japanese debt in order to maintain yields around 0.25%. This ratio shows yields over the central bank's balance sheet. When this trendline breaks to the upside, it essentially means that Japanese debt is being sold faster than the central bank can buy. Japan may be going through some serious financial events very soon.
www.cnbc.com
The bank of Japan is selling US treasuries in order to buy more Japanese treasuries. This may cascade into US problem of rising interest rates and unsustainable debt levels being that Japan is the largest foreign holder.
www.bloomberg.com
GOLD : Despite the interest rate hike, gold is destined to flyOANDA:XAUUSD
Gold is ready to fly to 1910-2000. This is a first flight and the next flights are coming, despite raising the interest rate of the Federal Reserve to 75 basis points and clarifying that there is an increase in interest rates in the upcoming meetings, which gives us evidence that the market is saturated with the impact of this news, so technical analysis and geopolitical supports She is the decision maker.
The press conference of the US Central Bank was weak in response to solve the inflation crisis, and even confirmed that inflation may stabilize at 2.2% in the year 2024 after two years, and this depends in parentheses depends that the upcoming US data must be positive, and today it was negative such as unemployment and housing data
And the next worse for the US dollar .
The best purchasing area is: 1835-1832
As a correction after going up to 1845 book your entry and stop loss below 1822
and goals:
1855
1865
1875
And the last is 1885
DXY EconomyThu
6/9
Z.1 - Financial Accounts of the United States
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
4:30 p.m.
H.4.1 - Factors Affecting Reserve Balances
Fri
6/10
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
4:15 p.m.
H.8 - Assets and Liabilities of Commercial Banks in the U.S.
Mon
6/13
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.10 - Foreign Exchange Rates
4:15 p.m.
H.15 - Selected Interest Rates
Tue
6/14
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
Wed
6/15
1:00 p.m.
CP - Commercial Paper
2:00 p.m.
FOMC Meeting
Two-day meeting, June 14-15
Press Conference
4:15 p.m.
H.15 - Selected Interest Rates
Thu
6/16
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
4:30 p.m.
H.4.1 - Factors Affecting Reserve Balances
Fri
6/17
9:15 a.m.
G.17 - Industrial Production and Capacity Utilization
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
4:15 p.m.
H.8 - Assets and Liabilities of Commercial Banks in the U.S.