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Economic Cycles

Think the S&P can't go lower?The S&P trades well above the 50MA weekly, potentially overbought. Price action could work ifs way below the 200 MA. The risk to reward ratio may lead investors away from stocks and into bonds in favor of less but more assurable returns. Stocks have been all the rage since 2008 finacial collapse. The tide may have finally turned due to tight monetary policy by the Federal Reserve (i.e. no more low interest rates). TLDR - Investors are going to be risk averse
SP:SPX
by turtlebuster
1
Second big shortAnalyst AhmadArz📊 🕹 Price Action: The chart shows a recent drop followed by a retracement, indicating a potential continuation of the downtrend. The price currently sits below a significant resistance level around 184.93 USDT, which has previously acted as a barrier to further upward movement. ▶️Entry : 165.94 USDT 🔴Stop Loss (SL): 174.87 USDT 🎯 Target Points (TP): Four target points are marked on the chart: - TP1: 158.45 USDT - TP2: 150.62 USDT - TP3: 140.21 USDT - TP4: 130.04 USDT These targets are aligned with the expectation that the price will continue to drop, offering potential profit-taking opportunities at each level. 🚨 Risk/Reward Zones: The red zone above the current price represents the potential loss area if the trade moves against the anticipated direction, signaling where a stop-loss might be placed. The grey zone indicates the profit area, showing the expected price levels where the trader might consider exiting the position to secure gains. 🔍Simple: Loss or Profit: This annotation underscores the straightforward nature of the trading signal—either the trade will hit the stop-loss and result in a loss, or it will reach one of the target points, leading to a profit. The overall sentiment in the chart points to a cautious but calculated bearish strategy, aiming to capitalize on the expected downward movement in the SOL/USDT pair. Thank for boost this idea.🙏✨
Short
by ahmadarz
3
Short trade Sellside Wed 7th Aug 24 13:00 PM NY Session Entry level: 55882.2 Profit level: 43480.7 (22.19%) Stop level: 56269.7 (0.69%) RR: 32 News driver BlackRock did not sell its crypto holdings during the recent market collapse, demonstrating confidence in its investment strategy. Despite facing an 8% loss the previous week and being in serious financial distress before Monday's collapse, BlackRock maintained its positions, reflecting a firm belief in the long-term potential of their crypto assets. For more details, you can read the full article on U.Today. Coinstats The current price of Bitcoin is £43,439.08, reflecting a 3.12% decrease in the last 24 hours. The live market cap stands at £857,349,844,587.64. Bitcoin has a circulating supply of 19,736,831 BTC and a maximum supply of 21,000,000 BTC, with a 24-hour trading volume of £34 billion. Summary and Conclusion: In the midst of a significant market downturn, BlackRock's decision to hold onto its crypto assets underscores its long-term confidence in the market. Meanwhile, Bitcoin continues to experience volatility, with its price dropping to £43,439.08, a 3.12% decrease in the last 24 hours. This sell-side strategy for the NY session aims for a substantial profit level while maintaining a tight stop level, reflecting a high risk-reward ratio of 32. The current market conditions, influenced by major institutional behavior and overall market performance, present both challenges and opportunities for traders. Forecast : Lower prices in the short term.
Short
by davidjulien369
Elliott Wave Intraday Analysis: YM_F should Resume the RallyShort Term Elliott Wave View in E-Mini Dow Jones Futures (YM_F) suggests the trend should continue higher within the sequence started from April-2023 low as the part of daily sequence. It favors upside in wave ((5)) while dips remain above 38535 low. Since April-2024 high of (3), it starts to move sideways for almost 3 months to build a triangle structure. This triangle completed wave (4) at 39284 low. The market resumed the rally building an impulse as wave (5) ended at 41672 high and also wave ((3)) in higher degree. YM_F begins a big correction in July 18 high. Down from wave ((3)), the index did an impulse structure to complete a wave (A) at 40053 low. Then, the market did a bounce developing a double correction as wave (B). Up from wave (A), wave W ended at 41051 high. The connector (X) ended at 40606 low and last push higher completed wave (Y) at 41427 and also wave (B). The market resumed to the downside forming another impulse as wave (C) of ((4)). It placed 1 of (C) at 41028 low, 2 at 41305 high, 3 at 39518 low, 4 at 39880 high and finally 5 at 38541 to complete wave (C) and wave ((4)). While price action stays above 38541 low, we are calling for more upside to continue the rally as wave ((5)).
CBOT_MINI:YM1!
by Elliottwave-Forecast
Buyback Watch for Swing TradingEarnings are over so buybacks are back in the mix. The market is likely to continue to be volatile and choppy until all the ETF investors who want to sell have done so. Then, the uptrend is likely to resume because there are not enough barometers warning of a recession AND we just had one 3 years ago. Buybacks tend to drive price up, so they are a good swing and momentum trading strategy. Notice how neatly the support from previous highs halted the run down. Reversal points at strong support levels are one area to watch for buyback patterns.
NASDAQ:AAPL
by MarthaStokesCMT-TechniTrader
1
KLCI.Who/what made Malaysia's economic will boom again? 8/8/24KLCI / FBMKLCI index will hit reach ATH toward 2200 by 2026? What and who "make it" happen? Robberly it's the A.I, Chips sector. And what Make Malaysia as a "hub" of A.I Data Centre? Compare to STI (Singapore) and SET (Thailand) Chart. FBMKLCI chart almost identical! = It probably meant not because who was PM of Malaysia during 80s "making" Malaysia's GDP grow higher! It's "Cycle Trend/ circumstances?!!". AND. The "Cycle Trend/ Circumstances" was "created" by its millions of citizens! as "weather!" not just because 1 person! P/s. AND Most politicians are "good opportunist" they know how to "grab" the "cycle/Trend"!.
FTSEMYX:FBMKLCILong
by SteveTan
Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking to BuyShort Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high. The market resuming lower from wave (B) high breaking below 28.58 low to rule a larger correction. It means, Silver is developing a wave (C) of ((4)) as a zig zag Elliott Wave structure. Down from wave (B), wave ((i)) ended at 28.65 and wave ((ii)) ended at 29.45. Wave ((iii)) lower ended at 27.40, and pullback in wave ((iv)) ended at 28.19. Wave ((v)) ended at 27.29 which completed wave 1. Pullback in wave 2 ended at 29.22 high and the metal resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 27.93 and wave ((ii)) ended at 28.67. Wave ((iii)) lower ended at 26.49, and pullback in wave ((iv)) built a triangle structure ended at 27.16. Currently, silver is trading in wave ((v)) of 3. We are calling for one more low to end the cycle. The ideal place to end this wave comes in 26.32 – 26.06 area, where buyers should appear to start wave 4 pullback. Near term, as far as pivot at 29.22 high stays intact, expect pullback as wave 4 to fail in 3, 7 or 11 swing for further downside in wave 5 of (C).
FX_IDC:XAGUSD
by Elliottwave-Forecast
Potential Short position BTCI've been tracking Bitcoin's recent movements, and I believe we're seeing a classic Wyckoff distribution pattern play out. Key Levels and Phases Phase A (Buying Climax - BC): We saw a significant buying climax, where the price reached a peak in the upper $70,000s. An Automatic Reaction (AR) followed, pulling back to around the mid $60,000s. Phase B: During this phase, the price oscillated between the mid $60,000s and the upper $70,000s, forming a series of Secondary Tests (ST) and minor Signs of Weakness (SOW). Notice the increased volatility and volume spikes, typical in this phase. Phase C: We might be in Phase C, where a potential Last Point of Supply (LPSY) is forming. The recent rally failed to break the resistance in the low $70,000s, indicating potential weakness. Diminishing Volume: The recent rally to the low $70,000s saw diminishing volume, hinting at a lack of buying interest. Bearish Signals Major SOW? The price broke below the minor SOW level (mid $50,000s) and bounced back, possibly confirming a major SOW. RSI Divergence: The RSI is showing bearish divergence with multiple bear signals since March. Trading Strategy Short Position: If the price fails to break above the low $70,000s again and shows bearish signs, consider entering a short position. Target the previous support levels around the mid $60,000s and mid $50,000s. Stop Loss: Place your stop loss just above the low $70,000s to manage risk. Remember, always do your own research and trade responsibly. Happy trading!
COINBASE:BTCUSDShort
by ADSV11
1
Long trade Observation - Price on Sat 3rd Aug 24 The price failed to break higher than 61778.3, indicating a lack of buying interest. Reviewing the Fear and Greed Index for Bitcoin on Saturday, 3rd August, also highlighted a moderate level of fear, suggesting cautious sentiment among investors. Since then, Bitcoin's resilience has subsided with a downturn that has been disruptive to the asset class. I observed that the price shifted to the downside by 25.10%, falling to the mapped-out demand zone of 49035.7 to 48670.5. Reason for Buyside trade.? Observing that the price had reached a prime zone, a buyside trade was placed aiming for the target level TP2 with a profit of £60,500.0 (12.41%).
Long
by davidjulien369