Spx500long
SPY ES1! SPX Still Bullish, Pause before higherThe weekly SPY chart continues to look positive.
I circled areas where strong bounce weeks ended up failing and reversing to new lows.
But IMO, those reversals came with poor technicals (MACD trending down and/or negative) and showed big red candles right away. Now, we're seeing different action - MACD is turning up now and last week was flattish, closing at support. Stay long
Interest Rates, Range Consolidation to dominate the marketsWith the markets hoping for a cut, the stakes are high on how the Fed is going to balance whatever stand they take this week.
The chart shows our A.I. powered models' trading plans for the day! For details, please read the published outlook at tradersaiDotCom
Good luck with your trading today!
TRADERSAI - A.I. Driven Model Trades for FRI 06/14Earnings and Economic Headlines to begin to Replace Geopolitical Concerns?
No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks' earnings concerns (read, Broadcom's), China's weak economic numbers, IEA's oil demand outlook, and Gold's rise...these are likely to consume investors' sentiments today, heading into the weekend.
Detailed trading plans at TradersAIdotCom under S&P OUTLOOK for FRI 06/14
A.I. Driven SPX Model Trades for Wed 06/12This Morning's "No Inflation, No Problems" (Good) News Bad for the Markets?
The CPI release this morning points to no concerns about inflation or the health of the economy. While this is good for the common man, and the general well being of the economy, the equity market players could take this as a bit disappointing to their hopes of an imminent Fed rate cut.
Our models indicate chances for stalling in the markets today while the recent steep gains consolidate. They indicate the following trading plans for the regular session of the S&P 500: SP:SPX
SPX Approaching Resistance, Prepare For A Reversal
SPX is approaching its resistance at 2900.7(61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 2723.5(38.2% Fibonacci retracement , 100% Fibonacci extension , horizontal swing low
support).
A.I. Driven Trading Plans for 20190607 - Medium Freq ModelsNew to Trading View here - trying to experiment how our daily Trading Plans can be published for the community here, in a Pine Editor script. Looking forward to hearing back comments, suggestions, ideas on how best to do this. Thanks!
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SPY SPX Bullish Breakout ConfirmedIts not an ideal set-up, but its still a breakout with multiple levels of support below.
Bottom line, we have a downtrend breakout and some technical confirmation. Again, its not a slam dunk.
But my gut tells me sentiment got overly bearish, so there is fuel for a rally. And we have a whole lot of support levels all the way down to $277 SPY to hold a sell-off - trendline, 100-day moving average, 200-day.
On the upside, clear sailing at least to $287. Probably higher
SPX Approaching Support, Prepare For A Bounce
SPX is approaching its support at 2723.5 (38.2% Fibonacci retracement, horizontal swing low support,61.8% Fibonacci extension) where it could potentially bounce to its resistance at 2809.9(61.8% &161.8%Fibonacci extension).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.