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1) What do you think the S&P 500’s break above 4200 signals?
A break above the S&P 500's resistance level of 4,200 is regarded as a positive signal. It signals a possible shift in sentiment and suggests that buyers have taken control, potentially leading to more market upward action and are eager to push the index higher. However, there are no certainties about future market moves. A shift in sentiment characterised the recent surge in equities, especially the S&P 500, as one of the most ...
A break above the S&P 500's resistance level of 4,200 is regarded as a positive signal. It signals a possible shift in sentiment and suggests that buyers have taken control, potentially leading to more market upward action and are eager to push the index higher. However, there are no certainties about future market moves. A shift in sentiment characterised the recent surge in equities, especially the S&P 500, as one of the most ...
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I was in the papers yesterday for saying why you can EXPECT A SHORT TERM CORRECTION in markets, specifically why the $S&P 500 Index(.SPX.US$ is at risk of a short-term pullback.
The reasons?
1. US Earnings experienced its biggest fall since 2020. While PEs are above average. Meaning, folks are paying above average for the S&P500, with negative earnings.
2. China's economy could be in strife. See my prior notes.
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The reasons?
1. US Earnings experienced its biggest fall since 2020. While PEs are above average. Meaning, folks are paying above average for the S&P500, with negative earnings.
2. China's economy could be in strife. See my prior notes.
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Break out! Blow off top in process! We have been talking about this possibility many weeks ago!
We even started positioning for it since LAST WEEK!
Added more longs early this week to catch that move up!
Great week! More to come?! Time to fade this rally? Watch the video to find out more! OpEx over again! Next one up is QUAD WITCHING!
Interesting technicals on $NVIDIA(NVDA.US$ too! Make sure you watch to know whats coming!
As always, trade safe and invest wise!
Subscribe to my YouTube channel...
We even started positioning for it since LAST WEEK!
Added more longs early this week to catch that move up!
Great week! More to come?! Time to fade this rally? Watch the video to find out more! OpEx over again! Next one up is QUAD WITCHING!
Interesting technicals on $NVIDIA(NVDA.US$ too! Make sure you watch to know whats coming!
As always, trade safe and invest wise!
Subscribe to my YouTube channel...
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Both sides are trash when it comes down to it.
Meta, Google, Tesla, Apple are all down 1.5% to 2%.
Is this the little pullback that we are waiting for?
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $Amazon(AMZN.US$ $NVIDIA(NVDA.US$ $Morgan Stanley(MS.US$ $Alphabet-A(GOOGL.US$ $Netflix(NFLX.US$
Is this the little pullback that we are waiting for?
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $Amazon(AMZN.US$ $NVIDIA(NVDA.US$ $Morgan Stanley(MS.US$ $Alphabet-A(GOOGL.US$ $Netflix(NFLX.US$
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$SPDR S&P 500 ETF(SPY.US$
It was a quiet week last week, the activity was extremely low. I haven't traded much. This is a sit on your hand period. Next stage will start soon, watch Thursday Fed meeting. Most indexes are all set at a pivot point. If SPY does goes up it will have to be a fast pop up to break away from the downward gravity pull. In contrast, it can also drop like a rock or slowly drift down. This is a waiting game right now.
**like and follow me for future ...
It was a quiet week last week, the activity was extremely low. I haven't traded much. This is a sit on your hand period. Next stage will start soon, watch Thursday Fed meeting. Most indexes are all set at a pivot point. If SPY does goes up it will have to be a fast pop up to break away from the downward gravity pull. In contrast, it can also drop like a rock or slowly drift down. This is a waiting game right now.
**like and follow me for future ...
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Given that there have been tremendous risk in the market capitalization indices (especially S&P 500) with the concentration in the largest stocks. The Top 7 stocks took up almost 30% of S&P 500 based on weightage,
I feel that it is important for us to look at how their performance year-to-date (YTD) have been, I am a science person, so using Isaac Newton’s wisdom “What goes up, must come down”.
We are into the 4th week of 2024, and we can see that $Microsoft(MSFT.US$ Nvidia Me...
I feel that it is important for us to look at how their performance year-to-date (YTD) have been, I am a science person, so using Isaac Newton’s wisdom “What goes up, must come down”.
We are into the 4th week of 2024, and we can see that $Microsoft(MSFT.US$ Nvidia Me...
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Hi Moo Moo Community, recent S&P 500 break above signify a change in the stock market sentiment. Possible temporary bearish market in the next few months. However, with time, market will adjust and balance out with year end optimistic position for S&P 500.
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Strictly from TA alone it is indicating we may head lower. There is mild bearish divergence forming near key resistance, which was preceded by hidden bullish divergence, all on the weekly time-frame. This, all near strong resistance, would indicate the bear market is not yet over. On the other hand, from a fundamental standpoint any time that the overall market has been up this much since its low there is typically much more upside for the rest of the year. Any number of fundamental catalysts (l...
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bullrider_21 : You mean break out above 4200, not break down.
cola1010OP bullrider_21: thanks ya, didn't notice it. Typo error when typing the questions...