The S&P500 is looking bearish ahead of the much awaited Fed Interest Rate decision later today. Sellers looks to be in control in anticipation for the rise in the USDX value.
On the daily chart, MACD shows slightly overbought signs. Selling opportunities exist at the current price 4055 with tight stop loses around 4076. Should the USDX surge later today. The...
Ethereum has kicked off 2023 with some good momentum. The price successfully managed to break the trendline on the daily time frame indicating that the 13 months downward trend may be coming to end. Should ETH retest the $1240 mark and close an hourly candle above it, the bullish sign will be confirmed.
In the past 12hrs, the stock market rallied in anticipation to lower Inflation Data (CPI). The forecasts are that the the December figures may be lower than November's. Should the CPI data come out better than expected the DXY will tumble, consequently the S&P500 will surge to the 4100 mark.
On the flip side, should the Inflation data come out negative (High...
In my opinion the bears are still in control. A break above 20K could be a sign that the market is preparing for a reversal back up. On the flip side a drop below the 15K low is very likely in December, only time will tell. This is my analysis. It may look a little bit chaotic but it's realistic.😎
