SPX (S&P) - What shall we do now?
Aktualisiert
Hey, we made it through this week! Choppy on precious metals, currencies and indices finally had a minor little pull-back.
I did an analysis this past the last time with the possibilities we reach the previous ATH areas - and we did and we went past it and made another all time high...Let me explain what's going on...!
Firstly, let's look at technical aspects as that's the easiest - Bullish channel, within the larger bullish channel we have smaller channel occurring which we are still within this channel. We could keep heading higher, and go towards that small gap we do have near all the high areas and perhaps pass that and go above making another all time high...OR we could get a break out of this channel, which I have shown key levels I am interested in. Yesterday, may of seemed like a large move towards downside on 1hr or 4hr time-frame but actually looking at the bigger picture, a - 2%/4% on SPY & NAS really isn't much considering the immense amount of bullish momentum we have had..Thank you Feds..!
Fundamentally - Go and research what the Feds have brought this time in the crash we have the usual mortgage back securities etc but they did also go into various other assets and companies like apple and the famous Tesla...Retail drive, have excelled further within this bullish momentum we've received. Now there are various aspects we could take into account, retail trailers that was largely uplifted summer season known as the Robins and then there's the lack of volatility which is the way I like to analyse the US indices. Firstly, look at what the index is weighted on, then looking at VIX we was going to reach lowest levels, now rising above that gives me a clear indication, perhaps a pull back is due... I had even posted the FAANG companies analyse within, and even that gives me a view of pull back is most likely due - when...well we have technicals to back that I have marked the support areas matching 50 & 200 EMAS, as well as this be careful if it does come out of this channel, fully confirmed.
Also, be aware we do have elections at the end of the year and as well that, if there is a pull back perhaps they could get another stimulus going via capital hill, as you look at the data figure out of USA, things don't look promising... Longer term - I suspect, the price of commodities to increase further as this year and next year to go by, as well as various other majors combined. Keeping in mind, Europe dislike a weak dollar - will they lower there inflationary rate and various other policies? As data shows they are in deflation.. (Check my last post explaining further regarding EUR)
I can proudly say, I won't be buying at these levels and nor will I be selling - I am neutral until my plan indicates a clear movement to either direction... Go with what your trade plan says!!
Key tips: The trend is your friend, but have a little patience...! Also, look at the economy globally, and seek what type of market economically we are in as well as the behaviour of the market.
I did an analysis this past the last time with the possibilities we reach the previous ATH areas - and we did and we went past it and made another all time high...Let me explain what's going on...!
Firstly, let's look at technical aspects as that's the easiest - Bullish channel, within the larger bullish channel we have smaller channel occurring which we are still within this channel. We could keep heading higher, and go towards that small gap we do have near all the high areas and perhaps pass that and go above making another all time high...OR we could get a break out of this channel, which I have shown key levels I am interested in. Yesterday, may of seemed like a large move towards downside on 1hr or 4hr time-frame but actually looking at the bigger picture, a - 2%/4% on SPY & NAS really isn't much considering the immense amount of bullish momentum we have had..Thank you Feds..!
Fundamentally - Go and research what the Feds have brought this time in the crash we have the usual mortgage back securities etc but they did also go into various other assets and companies like apple and the famous Tesla...Retail drive, have excelled further within this bullish momentum we've received. Now there are various aspects we could take into account, retail trailers that was largely uplifted summer season known as the Robins and then there's the lack of volatility which is the way I like to analyse the US indices. Firstly, look at what the index is weighted on, then looking at VIX we was going to reach lowest levels, now rising above that gives me a clear indication, perhaps a pull back is due... I had even posted the FAANG companies analyse within, and even that gives me a view of pull back is most likely due - when...well we have technicals to back that I have marked the support areas matching 50 & 200 EMAS, as well as this be careful if it does come out of this channel, fully confirmed.
Also, be aware we do have elections at the end of the year and as well that, if there is a pull back perhaps they could get another stimulus going via capital hill, as you look at the data figure out of USA, things don't look promising... Longer term - I suspect, the price of commodities to increase further as this year and next year to go by, as well as various other majors combined. Keeping in mind, Europe dislike a weak dollar - will they lower there inflationary rate and various other policies? As data shows they are in deflation.. (Check my last post explaining further regarding EUR)
I can proudly say, I won't be buying at these levels and nor will I be selling - I am neutral until my plan indicates a clear movement to either direction... Go with what your trade plan says!!
Key tips: The trend is your friend, but have a little patience...! Also, look at the economy globally, and seek what type of market economically we are in as well as the behaviour of the market.
Anmerkung
(Just a trade idea, not a recommendation!)
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