SPX500 Plans; Crucial Understanding Of Sentiment

31 ก.ค. 2024

Powell has just mentioned broader disinflation occurring, and also the need to be less restrictive on rates.

This is propelling SPX long momentum.

If you are looking to trade the SPX, there's a few things you need to know first.

1 ส.ค. 2024

บันทึก

Price just drifting back to highs as expected. Positive sentiment remains and until this is broken, unlikely you will see major falls. Ultimately, just not yet.

2 ส.ค. 2024

บันทึก

Risk off environment via ISM. May not last, be careful.

3 ส.ค. 2024

บันทึก

Early Support Level Hit.



Remember, the only thing that will continue this lower is further negative sentiment into next week. Ultimately I expect this to occur, but if it does not immediately and fears subside, then price may returns to highs.

5 ส.ค. 2024

บันทึก

More fear smashing the SPX, similarly to other risk on assets.

Entries, if any, small.

6 ส.ค. 2024

บันทึก

Sentiment (fear) waning on more comfortable tone and some yen pair bounces.~

Would not be surprised if sentiment resumes south.

7 ส.ค. 2024

บันทึก

9 ส.ค. 2024

บันทึก

Still no extreme confidence as price drifts. Any longs I'd consider closing.