Post FOMC update - the Powell punch SPX QQQ USOIL GOLD Dollar

31 thg 1, 2024

All in the video. Technically we were primed for a larger move down and I think we've started. Next obvious support is 4800, but I believe it will break and we'll get down to 4725ish within a week - that's also where the daily BB is. Everything looks bearish except the Dollar right now. Will update if things change.

Good luck!

1 thg 2, 2024

Ghi chú

Good morning, a retrace to 4875 is probable, but then I think it continues down. With AAPL and Amazon earnings tonight, shorts have to be careful. The rsi is quite low on most time frames, so a bounce tomorrow may come. If IWM and DJT hold strength today, it may hint at a bounce tomorrow.

1 thg 2, 2024

Ghi chú

potential bearflag shaping up, if so, the target is 4800 - a major support level.

1 thg 2, 2024

Ghi chú

bear flag breakdown

1 thg 2, 2024

Ghi chú

false breakdown so it's probably going to be bullish into close. However, if this is an ABC, tomorrow will be a gap down. SPY SPX

1 thg 2, 2024

Ghi chú