Long trade idea for APEUSDT Falling Wedge measured from OCT 2024 Do note potential pullback according to purple line. Potentially min 275% profit from current date. Target $6.777 Note that there are Bearish Order Blocks as shown. Do exercise due diligence and that all trades comes with risks
High Tide - NASDAQ:HITI ? Daily Chart Analysis: -Green H5 Indicator -Bullish Falling Wedge breakout inbound -Volume Shelf Launch -Price GAP filled before heading higher -Weekly chart still intact and looking great -Weekly Williams Consolidation Box thriving ??$4.15
Standard 10-2 yield curve, zoomed out and smoothed, shows this time is not different. In fact, if you made the correct assumptions in the 1980s you could have calculated exactly what is happening today using some kindergarten mathematics. Remember that when the crisis unfolds and the news rationalizes the recession and market corrections that are right around the corner. Chart: US10Y-US02Y 12 month close line
That's what I have said in the Last Published Idea
Long trade idea for AAVEUSDT Falling Wedge measured from AUG 2024 Do note potential pullback according to purple line. Potentially min 124% profit from current date. Target 590 Note that there are Bearish Order Blocks as shown. Do exercise due diligence and that all trades comes with risks
S&P 500: Riding the Wave of Optimism Amid Economic and Political Dynamics The S&P 500 continues its upward trajectory, buoyed by tech-driven gains and investor optimism, even as mixed economic data and geopolitical uncertainties loom. Here’s a deep dive into the current market landscape and what it means for the benchmark index. --- Economic and Market Drivers Tech-Led Rally and AI Optimism The S&P 500's performance has been significantly influenced by gains in the technology and AI sectors. Investors are betting on the transformative potential of AI, propelling stocks like Microsoft and Meta to the forefront. However, regulatory scrutiny, such as the FTC's probe into Microsoft's AI software sales, introduces a layer of uncertainty. Resilient Labor Market While the Challenger Layoffs report showed a slight uptick, JOLTS job openings rose to 7.744 million in October, indicating a stable labor market. This balance supports the Federal Reserve’s cautious approach to monetary policy, as Chair Jerome Powell reiterated the economy’s strength and gradual progress in reducing inflation. Mixed Economic Indicators - **ISM Services PMI** fell to 52.1, below expectations of 55.7, suggesting a slowdown in service sector growth. - **Durable goods orders** increased by 0.3%, meeting expectations and reinforcing the narrative of economic stability. - **Construction spending** rose 0.4%, signaling robust investment activity. - **University of Michigan 1-Year Inflation Prelim** came in at 2.9% (forecast: 2.7%, previous: 2.6%), showing slightly higher inflation expectations. - **University of Michigan Sentiment Prelim** reached 74 (forecast: 73.2, previous: 71.8), reflecting improved consumer confidence. These data points reflect a U.S. economy navigating challenges while avoiding a hard landing—a scenario that fuels investor confidence. --- Federal Reserve Policy: A Turning Point? Fed officials, including John Williams and Christopher Waller, have hinted at the potential for a December rate cut, with futures markets now pricing in an **85% likelihood of a 25-basis-point reduction**, up from **67%** before the recent jobs report. Inflation progress appears to have stalled, with Fed Governor Michelle Bowman cautioning that more robust measures may be necessary to meet the 2% target by 2025. The November jobs report further influenced expectations: - US Nonfarm Payrolls rose to 227k (forecast: 220k, previous: 12k, revised to 36k). - US Unemployment Rate ticked up to 4.2% (forecast: 4.1%, previous: 4.1%). - US Average Earnings YoY remained steady at 4% (forecast: 3.9%, previous: 4.0%). These figures reflect a labor market resilient enough to accommodate rate cuts, which could provide an additional boost to equity markets. --- Corporate Highlights - Salesforce reported Q3 revenue of $9.44 billion, exceeding estimates, but missed on adjusted EPS, reflecting mixed investor sentiment. - Meta (Facebook) is aligning its strategies with evolving political landscapes, as CEO Mark Zuckerberg seeks to navigate regulatory and policy shifts. - *Microsoft faces FTC scrutiny, underscoring increasing regulatory challenges in the tech sector. Despite these challenges, corporate earnings have largely supported market valuations, adding another layer of support for the S&P 500. --- Seasonality and Sentiment December has historically been a strong month for the S&P 500, driven by: - Holiday-driven consumer spending. - Portfolio rebalancing. - End-of-year tax considerations. The Fear & Greed Index, currently at 54, indicates a greed-driven sentiment. This optimism aligns with traders pricing in a higher likelihood of Fed rate cuts, reflecting a favorable market environment. --- Outlook: Optimism with Caution The S&P 500’s upward momentum is underpinned by strong tech-sector performance, resilient economic data, and seasonal tailwinds. However, challenges such as geopolitical risks, regulatory scrutiny, and uneven progress in disinflation could temper gains. The Fed's flexibility and potential rate cuts are positive signals for the market, bolstering growth-oriented sectors. Nonetheless, investors should remain vigilant, monitoring corporate earnings, economic releases, and geopolitical developments. In the near term, the S&P 500 appears poised to end the year on a strong note. However, with inflationary pressures, mixed economic indicators, and geopolitical uncertainties still in play, the path forward will require a delicate balance between economic stability and investor confidence.
as trendline shows as well as fibo on last correction here looks the end of this bullish run and bitcoin going to correct down to 62k
There are a lot of indicators coming together on the 1 hr. Could it be the next leg?
Created this new version of the 2-year MA Included a margin of error window to account for crypto maturing as an asset class Clearly pointing to cycle top around 180 - 250k
Keeping track of the market trading chart. Long, short, analyze.