fadimserhal

fadimserhal

US500 (SPX), failed twice to break the ATH, retested a couple more times and failed as well. Now, what are we looking at? The major support trendline has been moving through since 2020, alongside a resistence line as of Mid 2022. A minor support/resistence area is consolidated across the past 2 months (Zoom in to daily to identify it better). I see it testing at...

fadimserhal

US500 (The Cash side of SPX), popped over it's year long falling wedge, and managed to gain momentum throughout last week. The index broke through the resistance on the monthly chart, and closed well above on the daily chart. I see the price retracing to touch what now becomes a support area, at the 3970-3980s area, only for it to bounce back up. Given the...

fadimserhal

Despite this year’s market havoc, investors are feeling fairly optimistic going into 2023, according to a new CNBC Delivering Alpha investor survey. Four out of 10 predict that the S&P 500 will rise 6% to 10% next year. Nearly 2 in 10 are calling for gains between 11% and 19%. Meanwhile, 6% are calling for stocks to jump by more than 20%, which would wipe out...

fadimserhal

Yeap, here it is, another failure to break or maintain pattern as it gets close to 4200, and you know what they say, third time's a charm! It's definitely a bear market today. Hold on any Long positions, and enjoy a ride downwards...

fadimserhal

NVDA's earnings took SPX into a collapse yesterday, after failing once again to break that 4190 resistance, only for it to spiral down to 4140s. Now SPX is on an upwards support line, which is meeting with the 4190 resistance line, the result could be one of 3, with the third being the least possible. Touch the 4190 then drop back, as the market awaits the...

fadimserhal

If SPX manages to break the 4190 resistance zone of back in June, then we are definitely heading up to the high 4200s/4300 zone, which would be an eminent zone, in order to return back to the December of 2021 zone. Is recession still there? Obviously, will it keep on hitting the markets? Not really A- The Russia-Ukraine seem to have calmed in the sense of...

fadimserhal

S&P failed to continue beyond gap closure and will go down to touch the top of the quick sand zone (3600 area).