melson
2022-10-14

the chart shows $S&P 500(.SPX)$ in pnf with $USD Index(USDindex.FOREX)$  blue line and$US2Y(US2Y.BOND)$ orange line. spx bounced off low of 3491.58 because of previous peaks at 3525 region serving as support. this support will be tested again and again to see if it breaks or holds. if it holds, a new rally will begin but what's there to rally about? Santa is coming to town? most likely to cover gaps at 4218.7, 4083.67, and 3739.22 before retreating down to make new lows or rally when fed starts to cut rate in 2024. 

if the support at 3525 breaks then the next support is 3375 and 3300 range. that will be another 2 to 4% drop. 

us2y will keep making new highs because of fed unwinding balance sheet. hence the probability of breaking support would be higher. but before that us2y should retreat first for spx to cover the gaps at the aforementioned points before crashing down. 

bon weekend et bon courage

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • DT15
    2022-10-14
    DT15
    thanks for sharinv
  • DannDann
    2022-10-16
    DannDann
    Good share thanks 👍👍🏻
  • zerolih
    2022-10-17
    zerolih
    thanks for the analysis
  • JesseRW
    2022-10-15
    JesseRW
    this weekend really need courage to make some investments
    • melsonReplyJesseRW: 
      de rien
    • JesseRWReplymelson: 
      oh, that sounds quite brilliant!
    • melsonReplyJesseRW: 
      good, you will be fine. a good rule of thumb would be to add shares worth the amount of paper loss incurred at 10% intervals. in bear markets, it is important to have reserve capital of 50% to gradually add.
    • JesseRWReplymelson: 
      yeah, i always choose the stocks form warren buffett, he always makes the right choice
    • melson: 
      make sure you only pick stocks with very strong fundamentals that warren buffett would pick. this way you are not at risk of losing your capital. market makes wave patterns, sometimes you may encounter tsunamis but eventually the tide will return to normalcy. bon courage
  • joeyjojo
    2022-10-16
    joeyjojo
    thanks for sharing
  • Patmos
    2022-10-16
    Patmos
    Exce llent Art icle
Leave a comment
208
2