DJI indicting its in a bearish a-b-c- correction higher. Adjusted this count to be similar.
Dovetails with FED goal to inject as much Volatility into the market as possible, increasing LABOR supply and reducing wages (the only mechanism the FED has left to reduce inflation )
Accept for a Recession which now can conveniently be blamed on Putin, with a US/...
Markets looked through growth concerns today, and decided to take the collapsing oil price (-6.5%) as a positive, which sent growth stocks (+3%) sharply higher, while the broad market (SPX) rose 2.1% and airlines were among the strongest gainers (DAL +8.7%, UAL +9.2%, LUV +4.9%).
More support came from a “positive” surprise in inflation data (PPI up “only” 0.8%...
Please consult the chart above for major gamma strikes. Total dealer gamma is -803MM. Overnight a huge open interest position (puts) was build at 3000. Also investors added protection at 4000.
Futures were pushing through 4300 overnight and thus implied dealer gamma increased by 118MM to -516MM, which should inject some much needed liquidity back into the markets.
The VIX, another measure of liquidity, dropped below 30 points to the lowest level since the end of February.
Future markets meanwhile imply a slightly steeper rate path...
On S&P 500 is nice to see strong buying reaction from the price 4253 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Strong volume area is my mainly...
The direction now will move with a hight sensitive due to the interest rate,
And now we the situation it will see the good session so we hope that.
It’s possible will continue their upward till 4330
If can break 4330 will try touch 4400 then
If the interest rate increase about 0.25% will drop to down
SP500 and other indexes are looking quite positive ahead of the FOMC meeting. Its important to note that during the morning trading session on the day of FOMC, the markets will tend to exhibit sideways trading behavior or neutral day types ahead of the big release. With that being said, we dont anticipate much of a move in either direction for the morning session....
SPX500USD has formed a 121 bullish pattern on its hourly chart.
The price is trading above the entry level 4182.3.
121 patterns are only valid here the price closes above the entry level with a confirmed uptrend .
US500 121 BULLISH PATTERN
🎯TP1 4261.7 61.8% ABC
🎯TP2 4294.4 78.6% ABC
🎯TP3 4337.0 100% SYMMETRY ABC
SPX has seen 6 instances since 2003 where the 100 EMA has crossed below the 200 EMA.
With the majority of these identifying an optimal buy/entry point, with the strategy to look consider the depth of retracement and to scale into positions for optimal ROI once the market recovers.
The only major time where this was not close to the lowest retracement point was...
Potential bounce from D leg, could carry over to a bigger bounce to the Bigger B leg at 4300. Sp500 will look to regain levels before Fridays sell off. I expect side way action and a slow and steady rise into Wed Meeting. Any rate hike less than .50 the market sells off to 3800 level. We also could get more bad news from the emerging markets in which im short....
The SPX lost 0.7% today with growth stocks (-1.5%) and especially mega cap growth titles (-1.8%) hit hard, due to a strong rise in 10-year treasury yields (+14 bps).
The higher rates can be traced back to the lockdown in Shenzhen, a major technology hub, due to another virus outbreak, which is feeding into inflation/rate-hike expectations, as the supply chains...
SPX500USD has formed an ABC bullish pattern on its hourly chart.
The price is trading the entry level
ABCs patterns are only valid when the price closes above the entry level with a progressive uptrend.
🎯TP1 4283.6 61.8% ABC
🎯TP2 4316.3 78.6% ABC
SPX, is stuck in a downward trend Channel. Price action sold off from The Bearish Bat Pattern, and price temporarily rebounded but was quickly met w/ sell action on the ABCD pattern.. We're currently at the C leg sell off
market is currently divided between recent price action being a diagonal for a bullish count/
or a complex zigzag for a bearish count/
if bearish i anticipate it to subdivide as a wxy/
this is just an attempt to project based upon some arbitrary fib confluence levels of support and resistance
Please consult the chart above for current gamma strikes. Total gamma registers at -737MM, while put open interest decreased slightly since Friday, but overall no significant changes can be observed.
This week will bring two important events: FOMC meeting (Wednesday) and OPEX (Friday). As of now about 30 percent of current gamma is expiring in...
This assert since failed to break above the 441x then this simple means that the long movement cannot be an option rn, this can conclude that the C leg is not complete therefore in the meantime we will monitor until we have a breakout in that complex triangle formation