More dip after SPX falls below 4300?

S&P 500 closed at 4273.53, below the key support level of 4300; Nasdaq fell below 13100 yesterday. With two key indices falling below the support level, market begins to speculate for more declines. -------- Will the indices rebound? Or more declines ahead?

avatarShian Pin
2023-10-07

Interest rates correlation with stock market

With interest rates expected to plateau soon, my 2 cent worth is stock market valuation may gradually appreciate due to the the foreseeable interest rate cuts in 2024. Of course barring any major economic catastrophic event, we should see stock marketing drifting upwards in 2024.
Interest rates correlation with stock market
avatarAsphen
2023-10-07

S&P500 Weekly Look - Not bearish until 420 (or MA50) gives way!

Price action - 2 consecutive weeks of hammer candle and support off 421 - At confluence with uptrend channel too - MA50 on weekly chart has been a guiding one ===> It is confluence at support of 421 to 417 too Macro View On a macro view perspective, quite simple, once price action goes below MA50 which would be about SPY 420 or 417, I would lean bearish.  Just like how Friday action has shown, market makers like to do what it likes to do, which is bull and bear traps and past week was a bear trap.  Good luck, all! S&P500 Weekly Analysis - 7 Oct 2023 @LMSunshine  @macroB  @melson  
S&P500 Weekly Look - Not bearish until 420 (or MA50) gives way!
avatarAsphen
2023-10-06

Signs of lower low basing is look good; Setup to go for the higher low!

Price action - MA5 finally starting to peel away from Lower Bollinger Band - MA5 starting to taper - Price action still below MA5 for now - Tue to Thurs price action has shown good support off 421 - Does look a good base to form to go for neckline target 432 next days - Higher low now likely at 435 to 438 (could be just a relief rally then) But for now, focus, which is price action is firming up.  1. Get above MA5 (425/426) 2. Get to 432 Good luck, all! S&P500 Daily (left) 30mins (right) @CaptainTiger  @Deposit  @TigerStars  @LMSunshine  
Signs of lower low basing is look good; Setup to go for the higher low!
avatarJC888
2023-10-03

S&P 500 in Recession, Soft Landing or Golden Path?

Its October 2023 and US market has just started its Q4 2023 journey. Since the beginning of this year, analysts have forewarned about US economy slipping into a recession as the central bank continued with interest hike from February 2023. The narrative changed when that did not happen (see above). With many diverse opinions swirling on the internet, things got a bit muddled. The question — “Is the US heading into recession ?” is something that I am very interested to confirm. This is because it will affect US stock market that will, in turn affect individual stock / company. Latest Consumer Price Index (CPI) monthly chart released on 13 Sep 2023, showed an “increase” in monthly inflation of +0.4% (in August 2023) versus July’s +0.2%. The spike (we all know) was large due to oil price
S&P 500 in Recession, Soft Landing or Golden Path?
avatarGoodgolddays
2023-10-02

New month

2 of the toughest months are behind us now During the last few weeks, stocks were on discount. Did you pick up any of them? Would be interested to know. Personally I have picked up Apple, Microsoft, Tesla and S&P500 in the last 1 month or so This week marks the start of a new month, and it was nice to see that the U.S. government avoided a shutdown over the weekend. Let’s see if the market can find its footing on the first trading day and week of the new month. ===== Check out my YouTube video for market and stocks analysis Stock Market Outlook (Oct) + LIVE Option Trade REVEALED! https://youtu.be/Z1ZzTPwZ81o $SPDR S&P 500 ETF Trust(SPY)$  $Tesla Motors(TSLA)$ 
New month
avatarhhjsyndrome
2023-10-01
$SPDR S&P 500 ETF Trust(SPY)$  Well, well, well, folks! The S&P 500 has once again decided to play hide and seek with the magical number 4300, and it seems like it's not in the mood to come out and play. So, what's the deal with this elusive 4300, you ask? Well, let's dive into the some analysis of the situation. First things first, let's talk about last Friday's data. It was like a surprise party you didn't know you were invited to, and it turned out pretty good! The Core PCE (that's Personal Consumption Expenditures for you non-financial wizards) decided to take a nosedive, and that's what gave the market a pat on the back. "Good job, market, you can keep partying!" Now, if you peek at the options market, yo
avatarAsphen
2023-09-30

S&P500 fail to shine on Friday; Closed below MA5; Points to another leg down to 420/416; Weekly Chart also shows some pullback to go before bounce!

Basis Basis : MA50 on a weekly chart is often a trend indicator one uses to easily see if we are bullish or bearish.  Basis : Price action above MA50 ==> bullish (RSI > 50) Basis : Price action below MA50 ==> bearish (RSI < 50) Weekly Chart - Still within Uptrend channel since Oct 2022; Past week candle actually showed a good support off the channel - We are coming up to a key support level/range of 420/416 - MA50 is coming up to support at that range too (confluence) - The larger bear flag zig-zag (from 3 Jan 2022) does point to a full play out to 320 ==> Don't panic. Observe price action. Plenty of support levels to break to get there) As they say, Bears jump out the window down; Bulls take the stairs, and that first major step is coming up at 416/420! Look out! I'
S&P500 fail to shine on Friday; Closed below MA5; Points to another leg down to 420/416; Weekly Chart also shows some pullback to go before bounce!
avatarliverbirdeye
2023-09-29
Nope. If a recession is expected, it wouldnt dip
avatarxupper22
2023-09-29
Yes absolutely very possible
avatarGoodgolddays
2023-09-29

Overdone?

Personally, i think the recent brutal sell off has been overdone. But I like overdone stuff (except for my steak haha), so that I can take the opposite direction, and be a contrarian. Interestingly, Fear and Greed index has reached extreme greed level 2 days ago - the first time in about 6 months. Be greedy when others are fearful? Sold a Put on the day when the index hit extreme fear, on Tesla. Not financial advice. And it’s a risky move. Not just that, I have also picked up a few shares over the last few days Anyway, market doesn’t care about what we think . An oversold market can remain oversold for some time. We were sitting at key support levels for some of the stocks and indices. Good to see a nice bounce yesterday. ==== Stormy Stock Market! Further DOWNSIDE Ahead?? https://youtu.be/
Overdone?
avatarStxnttDwbbo
2023-09-28
Government Shutdowns A government shutdown occurs when Congress fails to pass a budget bill on time, or when it cannot agree on a spending bill to keep the government running. During a shutdown, all non-essential government services are suspended, and federal employees are either furloughed (placed on temporary unpaid leave) or required to work without pay. Impact on the $S&P 500(.SPX)$  The impact of a government shutdown on the S&P is difficult to predict, as it depends on a number of factors, including the length of the shutdown, the sectors of the economy that are affected, and the overall state of the economy. However, historically, government shutdowns have not had a significant impact on the S&
avatarsiosifa1
2023-09-28
Awesome for everyone 
avatarRyan_Z0528
2023-09-28

Possible Government Shutdown In Octorber?Market Will See Rebound!

1. The US government is about to fall into the 22nd "shutdown" dilemma!According to public information, the U.S. federal government generally requires congressional appropriations based on fiscal years to maintain operations. The current fiscal year is about to end on September 30, and existing funds can only support the operation of the federal government until September 30. If the two parties cannot agree on a new fiscal year budget or an interim appropriation bill, starting from October 1 , some federal government agencies will be closed.Historically: The 35-day shutdown period from 2018 to 2019 was the longest.Gov shutdown 35 daysAt that time, the $S&P 500(.SPX)$ hit bottom on the second day of the government shutdown. During the 35 days o
Possible Government Shutdown In Octorber?Market Will See Rebound!
avatarMasterWU
2023-09-28

Technical Analysis on .SPX

Hello everyone! Today I want to share some technial analysis about .SPX with you!The Red Line GAP: (1) A break-away gap below at 4221-4241 serves as a magnet to draw the market lower. (2) I think it would be at least partially filled during this down leg, and most likely whip-sawed in a lower level w-4. (3) refilling the gap invalidates all bullish option.ImageA potential... (1) I have to emphasize another potential for this type of break-away gap--the market would mark that zone with another break-away gap, but to the opposite direction. (2) not saying this would happen, but TA indicators are strong enough to warrant such a warning.ImageThe LOW is 4238, just touching the GAP and partially filled it. I am not saying this is ALL of the refilling effort, but it is a major portion of it. Toda
Technical Analysis on .SPX
avatarlangleuy 666
2023-09-28

tiger trade winner

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tiger trade winner

Why did Micron Slip As Beated Q4 Earnings?

Micron Technology (MU) released its FQ4 financial report after the market closed on September 27th. While the quarterly performance exceeded market expectations, the guidance for the next quarter appeared somewhat conservative, casting a shadow on investor sentiment. As a result, the stock fell more than 3% in after-hours trading.In terms of performance, for Q4 ending on August 31st, Micron reported revenue of $4.01 billion, down 29.6% year-over-year but surpassing the expected $3.93 billion. The adjusted gross margin was -9.1%, higher than Wall Street's expected 10.2%, and the adjusted EPS was -$1.07, while the market expected -$1.18. Operating cash flow was $249 million, lower than the analyst's forecast of $1.17 billion, but the operating cash flow for the same period last year was $3.7
Why did Micron Slip As Beated Q4 Earnings?

How is US into another High Interest Rate era?

As the benchmark interest rate of the global market, 10-year US Treasury bond rate hit a low of only 0.5% in 2020, but now has broken through 4.6%. Has the US already entered a high interest rate era? $iShares 20+ Year Treasury Bond ETF(TLT)$ $iShares 0-3 Month Treasury Bond ETF(SGOV)$ A high interest rate era requires a significant increase in the central tendency of the US Treasury bond rate cycle. Based on existing data, although there is an upward risk to the central tendency of the US Treasury bond rate, the magnitude of the change may be limited and it may be premature to assert that we are returning to a high interest rate era like that of 1960-1980. Currently, the 10-year US Treasury bond rate is a
How is US into another High Interest Rate era?
avatarAsphen
2023-09-28
Key notes for all The break of key support at 434/435 was made by the market makers to bring it down with a gap.  So far, the selling has been manipulated with consistent selling with controlled buying also.  It could be a big bear trap should indicators start to point positively, e.g. govt shutdown averted, PCE, GDP, etc It might even short squeeze.  So note movement thursday note powell speech reaction on thursday note PCE reaction friday last night's move after 2am Singapore time was a good indication of what is possible. But, pls be mindful that I am not saying it cannot still want to form the lower high and then go down to 400 and below 400 @Deposit  @melson &
avatarJinHan
2023-09-28

Why the S&P 500 May Hold Steady

As financial markets exhibit heightened volatility and uncertainty, many investors find themselves asking whether the S&P 500 will dip further. While the recent turbulence is undeniable, there are compelling reasons to believe that the index may stabilize. In this article, we will explore the factors behind this perspective. $SPDR S&P 500 ETF Trust(SPY)$  1. September Weakness and Market Dips: September is historically known for being a weaker month in the stock market. The so-called “September Effect” has seen periods of market declines, and this year is no exception. The recent market dip can be partly attributed to this seasonally influenced trend. 2. Technical Analysis Signals Support at 4200: Technic
Why the S&P 500 May Hold Steady
avatarysawm
2023-09-28
The recent volatility in these two key indices has left investors on edge. The unpredictability of the stock market, especially during uncertain times, can be both exhilarating and nerve-wracking. It's a rollercoaster ride that tests our patience and decision-making skills. Looking back at the historical performance of these indices, it's clear that they have weathered numerous storms. From the dot-com bubble burst to the 2008 financial crisis, they have shown remarkable resilience. But can we rely on history to predict the future? While I'm cautiously optimistic about a potential rebound, I can't ignore the lingering uncertainties that cast a shadow over the market. Factors like inflation worries, global geopolitical tensions, and the ongoing pandemic continue to influence investor sentim