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Marketreview

S&P rally continuesAt the start of last week, things didn’t look great for the bulls. There were several signs of weakness that could have easily led to a daily trend reversal. However, that didn’t materialize. Firstly, on Monday, buyers were able to set a daily higher low. Then, on Wednesday, they positioned the price very close to the previous two weeks' high. Finally, with the help of the FOMC, they broke through the resistance, set a new historical high, and held it into the week's closure. All these factors together confirm the strength of the bulls and position them well for rally continuation. AMEX:SPY outlook for the next week is bullish. Pullbacks should be considered as buying opportunities. Short trades should be avoided unless you are a scalper. Stay alert of economic data releases on Thursday (GDP) and Friday (Personal Income/Spendings and FED) that could cause some volatility. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYLong
by hermes_trisme
S&P: Bearish signals mount but buyers still have controlLast week began with a display of strong conviction from buyers, propelling price upwards towards the previous high (516.5). They managed to surpass it by a small margin, establishing a new historical high at 517.1. Unfortunately, bulls were unable to sustain momentum and build a new value zone, allowing bears to regain control and push price back towards the previous low. All these developments signal daily uptrend exhaustion. Trend is close to reversal, but it is not there yet. Sellers must prove their strength by taking down the last week low (506,9). Until then it is still bulls market and buyers have control. The outlook for the next week is neutral. Long term Buyers should refrain from increasing position and consider (partial) profit taking. Sellers can try shorting the market but remember that odds are still slightly in favor of the opposite side. Wednesday (20th) is an important day for the market as FED will announce interest rate decision. P.S. for some reason weekly high on the daily chart doesn’t match weekly high on the weekly chart. I have reported this issue to TV support Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPY
by hermes_trisme
Key Levels and US Market Review for the Asian session open 5/07US markets were closed for the 4th July holiday which saw muted trading across the European session. The RBA held off on another rate rise much to the relief of Australians who are feeling the squeeze. The RBA notes that a lot of the inflation can be attributed to corporate profit margins increasing so may be a reason why they are holding off on rates (as raising will no doubt see margins increase and inflation go up). With the FOMC minutes out tonight, it will be interesting to see if there is an indication of a similar scenario in the US which will will point to a pause in rate hikes also. Expecting a mixed open to the Asian session with the ASX200 to open flat, the Nikkei to open slightly lower along with the Hang Seng. Traders are focused on the end of the interest rate rising cycle in the US which also means a slowing economy bringing about mixed reactions from traders. The Ponzi scheme that is the US debt ceiling may start to be of more concern if GDP contracts and the global economy slows. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper ** If you like the content then follow my profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated. **
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 17/05Major indexes in the US and Europe come under fire on concerns for a global economic slowdown and the US debt ceiling fiasco. Traders went risk off as retail sales pointed to a slowdown in consumer spending while uncertainty over interest rates also weighed on sentiment. I expect that the same theme will weigh on the share markets today and into the coming European and US sessions. Expecting a weaker open on Asian markets with the ASX200 expected to open down 37 points while Hang Seng set to open down 30 points and the Nikkei to open slightly higher. Coming economic data will remain the major focus as traders look to anticipate the end to interest rate rises. I feel that any end will only mean major economies are slowing which I do not expect will be good for the share market. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
March is the most important period for crypto in 2023!Despite recession forecasts and the FED's cautious stance, the markets have risen since the beginning of the year. Many analysts argue that the market is not rational, that all statistical indicators point to a bear market, and that a difficult series of declines and disappointments lies ahead The market participants are now divided into two teams: 1. The bull team argues that the bottom has already been reached and that growth will be gradual. 2. The bear team argues that the current rally is only temporary and that we are yet to reach the true bottom. So, there are two opposing positions, but the truth is probably in the middle. 1. We will undoubtedly experience steady growth, but not in an instant and most likely not now. The catalyst for growth will be mass adoption and products from the new paradigm; however, such products are still in the early to mid-development stages, and the market has not been completely cleansed of contamination: Luna, 3AC, FTX. The good news is that the market largely ignored Genesis' bankruptcy and the threat posed by its parent company, DCG. 2. We are unlikely to see a -50% drop in BTC/ETH in a single day, as we did in 2014-2017. However, in a very negative market, the price of BTC could reach $10-11 thousand and $700-800 for ETH. The only thing that matters is that we will essentially see such a scenario in two instances. 1) Binance/Coinbase bankruptcy and/or 2) regulators' prohibition of any type of crypto activity. Judging by the current state of affairs and the way the market in general ignores negative FED forecasts and the bankruptcy of one of the leading companies, it can only be shaken and have a panic sell if something falls where most of the remaining market users' deposits are located, and there are not many participants in this list. March can be considered as the projected key month in 2023 1. FED returns from pause – new key rate adjustments and macro data 2. Mt.Gox end of registration of refunds – the volume and timing of the execution are determined by market participants' potential estimates of the pressure on the price of BTC exerted by affected Mt.Gox users. Payouts will be made in the amount of lost BTC at the current rate. 3. Shanghai Upgrade on Ethereum – an opportunity to take ETH off the steak and risk that those who bought cheaper or more expensive will want to lock in profits or recoup some losses. 4. FTX hearing – final report on FTX debt to user Most likely, March will provide the general direction of the market in 2023, and while anything unexpected that occurs during the year will be a variance, the overall trend will remain the same. What do you think about the nearest crypto market future and what we likely to see with BTC and ETH? Share your thoughts in a comments section, check links in our bio and follow us for more relevant info! Thanks for reading
by Samura0x
2
US Indexes had a late burst higher to end in the greenMorning Jumpstart Macro View and US market recap 1-02-22 The US had a late session burst higher that dragged the major Indexes into green territory ahead of key US employment data Friday. The USD continues to grind lower while Gold was range bound. Copper had a strong session while Oil continues to hold recent gains setting for another push higher. For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments. View more at www.tradethestructure.com
CBOT:ZB1!
by TradeTheStructure
Review of CADCHF last week two out of three hit target 🎯💲🏦Hello Traders Hope Sunday and the much needed rest is treating you all well. I spend parts of my Sunday looking back at the prior trading week. In doing so I've decided to share some ideas on completed trades and the methods I trade our script. Going forward during the week I'll look to post more live ideas as our script present them on the charts. At weekends I'll use time to review trades I've enter in order to shed more light on my methods. Here we are working the 30M time on CADCHF. I have the strategy in use set to a risk reward ratio of just over 1:2. Last week we had three trades of which two hit the take profit target set. As you will see from the chart I simply enter the trades that present on the chart and get on with rest of my day! I have a TradingView alert set to inform me of a new trade. These trades took me minutes to place, the two trades played out over a 32 hour period banking 57 pips! I simply wait for the next alert now which might be some time next week. Our strategy is a trend following strategy, can be used on any instrument and time frame. When all confluences are met the strategy presents the trade on the chart. I am alerted to this by a TradingView alert. I simply enter the trade and all of the trade data is printed next to the alert. Take profit and stop loss are set and I simply follow the trades outcome. The script runs on your TradingView charts and can be used on forex pairs,indices, stocks and crypto. The script can also be adapted to run on the charts to suit how you trade. The script removes all need for manual trading analysis freeing up so much more time. One of the most valuable tools the script possesses is the built in strategy tester. Once I have selected an instrument and time frame to work. I adjust the strategy settings and back test those settings until I find the best settings to then go and place trades on the market. For the pair in question here the back test data can be found at the foot of this idea. I started trading CADCHF in this manner back in July. The back tester data shown is from January 2020. This level of data allows our traders to build robust trading plans and strategies. No one can predict the future but this data does help with confidence and removes negative emotions we have all suffered while trading. Working to rigid planned trading strategies removes all uncertainty around entering trades. For this pair I know the pair has a ROI of 63% and a win rate of 44% based on 109 trades of data, risking 1% a trade on £1000 starting capital. When I enter trades I simply let them run knowing the back test data backs up this method of trading works. The old me would of regretted the last trade seeing an initial 15 pip gain disappear on the retrace into a negative. But having a roust proven strategy to stick too I know let trades run and in this case to a take profit hit. The old me would of dipped out and lost out on that profit. This mechanical way of trading doesn't even see me looking at the charts much other that to place trades and write ideas! Make 2021 the year you spend less time at the charts! To learn more on the methods discussed please drop me a message.
by RichScott
POUND DOLLAR MARKET REVIEW (POST-MORTEM)Hi Traders! Before the market close this week, we can see strong bullish bias on the price action. But that's a good news for sell opportunity due to price already touched QML level and we have a fakeout signal which we can expect the price will slightly bearish next week. However, if the price break 1.26441, might be it will break our resistance level previous high and possible to make highest high. So let's take a break for public holidays and enjoy our time with family. We battle again next week!
by traderfiz