Sp500 Expecting a bullish move to take out liquidity. Thereafter we will head further south to a lower dealing range. Do not trade long-term, the market is very sensitive.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
We have now reached our target on the SP500. I expect the price to range bound for some time, maybe a week or two. Investors still believe the market is bullish, which is not the case. We are in a bear rally. When the company's earnings report starts flowing to the news media negatively, we will see more downside on the SP500 and head to the lows and further south. This is not the time to buy stocks.
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SP500 Futures We got a Sucker´s Rally and pushed the price up to a small liquidity pool. This little liquidity pool is filled, and the price opens below the Daily dealing range indicating the price has peaked. Price can still range for a long time. Many retail traders get sucked into this rally, believing the price has bottomed. Be smart and think fundamentally about what is going on in this world. Small recap : 1. BRICS 2. China and Japan selling out of Treasury bonds. US depth ceiling at the peak. More difficult for the Treasury to sell Dept. 3. Putin will escalate his Stupid War against Ukraine when winter is over. energy prices can go ballistic again and force production costs to rise. 4. China threatens Taiwan. The world is looking very black and smokey. The risk is a very high investing in the future.
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Due to the Positive FOMC meeting, Sentiment has turned from bearish to bullish. If we get a positive earnings report in the near future, Bullish sentiment could continue for the next couple of months. However, Dept ceiling has to be raised by the US Congress for the market to continue bullish. Will come back with a new Trade idea when the market has developed passed these bullish sentiments from the FOMC meeting. Waiting for a pullback in the meantime.