SPX500 - My signal to start getting bearish again is that if we break down below the inverted hammer from the Tuesday session.
My signal to start getting bearish again is that if we break down below the inverted hammer from the Tuesday session.
The question comes down to whether or not the Federal Reserve is going to fight inflation, or if they are going to support Wall Street. For the last 14 years, traders have learned that the Federal Reserve will come to the rescue, but now we have over 8% inflation in the United States, and that does change things.
If we do rally, the 4500 level is going to be resistance, possibly after that the 4585 level. If we were to break above there, then you have to take a serious look at the possibility of “forming an inverted head and shoulders”, which is obviously a very bullish setup. In general, I do not like that idea, but there is no point in arguing with the market.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500, Dow Jones Forecast: Wall Street at Risk as Retail Traders Boost Long ExposureThe S&P 500 and Dow Jones may be increasingly at risk as retail traders increase their bullish bets on Wall Street. What are key technical levels to watch to the downside? Get your market update from ddubrovskyFX here:
Read more »
Fiat showed the 500 Electric, here's why it should sell it, tooFor some reason, the Fiat 500 Electric showed up at the New York Auto Show. And we think Fiat should consider selling it in America.
Read more »
S&P 500 rallies into 4,440s, up 1.0% despite hot PPI and mixed start to the Q1 earnings seasonMajor US equity indices were undeterred by a larger than expected rise in MoM and YoY Producer Price Inflation in March, according to data released on
Read more »
S&P 500, Dow Jones Forecast: Wall Street at Risk as Retail Traders Boost Long ExposureThe S&P 500 and Dow Jones may be increasingly at risk as retail traders increase their bullish bets on Wall Street. What are key technical levels to watch to the downside? Get your market update from ddubrovskyFX here:
Read more »
Russia threatens Zelensky: 'We will strike decision-making centers' in UkraineThe Russian military on Wednesday threatened to strike 'decision-making centers' in Kyiv if Ukrainian forces continue attacks across the border in Russia.
Read more »
Gold Forecast: Markets Continue to Power HigherGold markets rallied again on Wednesday as we continue to see plenty of bullish pressure.
Read more »