S&P 500 Trend is Higher Until Proven Otherwise: Top Trade Q1 2022

Must read

Our knowledge exhibits merchants are actually at their least net-long EUR/JPY since Mar 23 when EUR/JPY traded close to 133.30.

Number of merchants net-short has elevated by 2.65% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/JPY BULLISH 21.16% 78.84% -22.41% Daily -31.82% Weekly 4.57% Daily 2.65% Weekly -2.60% Daily -7.27% Weekly EUR/JPY:...

Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY

Japanese Yen Technical Forecast: BearishThe Yen got here into the week with a full head of steam, persevering with to realize as US Treasury...

Natural Gas Prices Start the Week with More Pain, Eyes on a Doji

Natural Gas, Head & Shoulders, Doji – Technical Outlook:Natural gasoline costs lengthen losses on Monday, extra ache forward?Another Doji emerged on the day by...

Building a New Era of Loyalty

Cryptocurrencies have emerged as a disruptive drive within the monetary system, with an impression far past conventional banking and funding. Sponsorships and fan teams are two areas...

The S&P 500 has been trending strongly increased because the pandemic low, and on that it’s tough to guess in opposition to it even when at instances it appears too excessive to purchase. That doesn’t imply we get complacent, although, as an prolonged market can activate a dime and do-so with seemingly little warning.

With that in thoughts, we should stay vigilantly bullish. As lengthy because the SPX stays above the October 2020 trend-line and doesn’t break under 4495, triggering a lower-low, then “the trend is your friend” as they are saying.

How excessive may the market rise? That is anybody’s guess.

The most well-liked strategy to buying and selling equities is to purchase on pullbacks versus chasing momentum at new highs. This is because of the propensity for equities to say no in pretty quick order after notching new highs earlier than continuing on increased.

A break under the trend-line and 4495 would warrant warning and maybe a change in gears in the direction of a bearish bias as deeper correction threat rapidly rises.

S&P 500 Daily Chart

factor contained in the factor. This might be not what you meant to do!
Load your software’s JavaScript bundle contained in the factor as a substitute.

More articles


Please enter your comment!
Please enter your name here

Latest article

AUDUSD Takes a Sell Dive Amidst the RBA Rate

AUDUSD takes a promote dive amidst the RBA fee. The pair has been topic to important fluctuations in latest buying and selling periods, pushed...

RBA Holds Rates, Aussie Dollar Slips

AUD/USD ANALYSIS & TALKING POINTSRBA holds off on price hike with 4.35% the potential peak.US ISM providers PMI beneath the highlight later right this...

Ethereum Team Leader Critiques University’s Apathy Towards Crypto Education

The Ethereum group chief, Péter Szilágyi, lately expressed his dissatisfaction relating to his alma mater's obvious disinterest in offering college students with alternatives to...