S&P500 cash market gapped
lower in this week, exactly after prices tested 1560-1570 resistance area for
wave (iii) as highlighted several times to our members last week. As such, latest
retracement should be wave (iv), which made three sub-waves down and found a
support at very typical 38.2% Fibonacci support level compared to wave (iii).
With that said, larger trend remains up as we need one leg up to complete a
five wave rally from 1485 Feb 26 low. Ideally market is now trading higher in
wave (v) headed through 1558 high which will open the door for a push up to
1578 projection, where wave (v) equals to wave (i).
Stokcs, Metals, Energy, Forex, Crypto
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
-
HONG KONG (MarketWatch) — China's consumer inflation accelerated in March to its fastest rate in almost three years, slightly ahead of e...
-
1.1 - Why is Buying Low & Selling High So Elusive? The objective is simple and seems so easy to achieve - - buy low and sell high, or se...
-
The number of people who filed for unemployment assistance in the U.S. last week fell broadly in line with market expectations, official dat...