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SP500 Is In A Corrective Phase

SP500 Is In A Corrective Phase

As expected, the SP500 turned down for a deeper correction back to 5k area, as drop on all major indexes and some big cap names were pretty aggressive. However, there was a huge spike in VIX, so there must have been a lot of fear involved, which after initial selling shows extreme pessimism and that’s […]
Dow Jones Index Elliott Wave Technical Analysis – Monday, September 9

Dow Jones Index Elliott Wave Technical Analysis – Monday, September 9

DOW JONES – DJI Elliott Wave Analysis (Day Chart)DOW JONES – DJI Elliott Wave Technical AnalysisFunction: Counter Trend Mode: Corrective Structure: Orange wave 2 Position: Navy blue wave 5 Next Higher Degree Direction: Orange wave 3 Details: Orange wave 1 appears to have completed, and now orange wave 2 is active and nearing its end. The invalidation […]
EUR/USD Falls Sharply As Diminished Fed Large Rate Cut Bets Boost US Dollar

EUR/USD Falls Sharply As Diminished Fed Large Rate Cut Bets Boost US Dollar

EUR/USD extends its downside below 1.1050 in Monday’s European session. The major currency pair declines as the US Dollar (USD) strengthens after mixed cues over current labor market health from Friday’s United States (US) Nonfarm payrolls (NFP) report for August, which diminished market expectations for the Federal Reserve (Fed) to reduce interest rates aggressively this month.The US Dollar Index (DXY), which […]
NASDAQ Analysis & NASDAQ Forecast – Monday, September 9

NASDAQ Analysis & NASDAQ Forecast – Monday, September 9

This video will show you what is expected on the NASDAQ market based on the technical analysis. Which support and resistance levels are in front of the NASDAQ price and which breakout is gonna happen.Video Length: 00:03:06 More By This Author:Gold Confirmed Yesterday Analysis And Now Targeting 2525.80. Check Why – Friday, September 6 GOLD Followed […]
WTI Crude Oil Commodity Elliott Wave Technical Analysis – Monday, September 9

WTI Crude Oil Commodity Elliott Wave Technical Analysis – Monday, September 9

WTI Crude Oil is breaking out of a 15-month period of sideways, choppy price action and appears poised to make a new low, potentially reaching levels unseen since late 2021. This breakout is part of a broader long-term bearish phase that began in March 2022, when WTI peaked near $131. As the bearish trend resumes, the question arises: […]
S&P 500 Backs Away From Near Record High

S&P 500 Backs Away From Near Record High

The S&P 500 (SPX) closed out August 2024 just 18.8 points below its all-time record high set on 16 July 2024. But after the first week of September 2024, the index lost 240 points to end the Labor Day-holiday shortened trading week at 5,408.42. The index is now 4.6% below its record high after experiencing its worst week in the […]
The Fed’s Tough Decision, ORCL & KR Earnings Preview

The Fed’s Tough Decision, ORCL & KR Earnings Preview

Technicals: The S&P closed last week at 5,408 – just above 5,400 which is an important level because the S&P has spent so little time below it in the last three months. In other words, below that level almost everyone who has bought in the last three months is underwater and may be looking for […]
An Ugly Combination Of Data

An Ugly Combination Of Data

 We come into the new week dealing with an ugly Friday session of trade in which risk assets took a beating. Worry around the outlook for the global economy was already running high before investors turned their attention to the US jobs report.Video Length: 00:01:35More By This Author:All Eyes On US Jobs Report Wave Of […]
The Impact Of Passive Investing On Short Sellers

The Impact Of Passive Investing On Short Sellers

Guest post by Michael Green, Portfolio Manager and Chief Strategist at Simplify.  This note examines how passive investing has influenced short-selling dynamics, particularly highlighting unusual occurrences of stocks with over 100% short interest. Examples like GameStop and Dillard’s are discussed, showing how passive funds’ activities and company buybacks impacted short sellers and stock prices.  Case Studies […]
AUD/USD Forex Signal: Double-Top Pattern Points To More Weakness

AUD/USD Forex Signal: Double-Top Pattern Points To More Weakness

Bearish view Sell the AUD/USD pair and set a take-profit at 0.6600. Add a stop-loss at 0.6750. Timeline: 1-2 days.  Bullish view Buy the AUD/USD pair and set a take-profit at 0.6750. Add a stop-loss at 0.6600. The AUD/USD currency pair retreated sharply as the US dollar bounced back after last Friday’s non-farm payrolls (NFP) data. It […]