WEEKLY FOREX FORECAST SEPT 16-20: S&P NAS GOLD SILVER US&UK OILThis is Part 1 of the Weekly Forex Forecast SEPT 16-20th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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Silver
Why The Fed Lowered Rates - My Opinion Part IIThis is Part II of Why The Fed Lowered Rates - My Opinion
The only reason the Fed lowered rates by 50bp this week is because the global markets are reeling under pressure from a strong US-Dollar and a strong US economy.
Without any relief, the new POTUS would enact new policies and push them through Congress, and the US would start another spending spree—pushing the US-dollar-based assets even higher and driving the capital flow into USD-based assets even further.
That capital flow is harming foreign economies, and global central banks have been trying to fight the tide of a very strong US dollar for more than two years.
If the Fed had not lowered rates, we would likely start to see severe pressure on global central banks and possibly even governments/economies over the next 24-48 months.
This is a way for the US Fed, and thus the US economy, from potentially being dragged into a global contagion event after 24+ months of reducing global money flow/function.
Simply put, the US Fed gave in to global central bank concerns related to a strong US economy/Dollar compared to their weaker currencies/economies and the pressure being exerted by a decoupling global economy.
Even though the lower US rates may provide some relief for the global market, the pressure on global currencies/economies may adapt to this "new normal" and continue to squeeze global central banks.
Time will tell.
Get some.
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Why The Fed Lowered Rates - My Opinion Part IThere has been a lot of speculation as to why the Fed lowered interest rates by 50bp.
My opinion is the Fed realized the pressure of a stronger US-Dollar and stronger US economy, headed into the POTUS election accompanied with new spending/policy related to a new POTUS, could put the global markets under extreme currency/economic pressures.
So, in order to provide more breathing room for the global economies, the US Fed decreased rates, taking a bit of pressure off currency rate divergences and allowing global central banks a bit of room to manage their economies against the 900-lb Gorilla (which is the US economy/US-Dollar).
In short, the US Fed needed to alleviate pressure put on the Global markets because of the 900-lb Gorilla US economy.
Not to save the US economy from an internal crisis...
But to save the world from a crisis of their own making. A Global Credit/Debt crisis has been brewing since before 2008.
The US Fed "gave in" and decided they had to decrease rates to reduce the risk of a foreign market contagion event (currencies/debt).
In my opinion, that is the only reason the Fed lowered rates.
Get some.
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SPY/QQQ Plan Your Trade For 9-20 : Breaking Up/Down PatternAfter watching yesterday's rally phase (which I believe was a relief rally driven mostly by foreign markets), I believe today's price move will be somewhat muted.
Yes, today's pattern is a Breaking (UP/DN) pattern, which suggests we may see some type of volatility event today. But overall, I believe yesterday's big price move was a volatility event, and today, the markets will struggle to identify a trend. I believe price will struggle for direction/trend today, and because of that, I'm urging traders to move assets away from the markets heading into this weekend.
I think it is better to move assets into CASH and prepare for trading next week. There is no reason to attempt to pick a position or trade heading into this weekend when we really don't know how the global markets will react to news or conflict events worldwide.
So, the best option today is to try to identify a few early trades, then move your assets into mostly cash and wait it out (till Monday).
I don't expect the markets to do anything besides consolidate below yesterday's highs.
Gold made the move up to 2635-2640 today - perfect. Pull profits today and wait for the next move.
BTCUSD is a bit higher today, but I believe it will pause - just like almost everything else today.
The global markets are still digesting the rate cut. We'll see what happens early next week - but today will probably be a stalling/pause in trend.
Get some.
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Gold & Silver analysis for the closing day of the post Fed weekGold & silver analysis for the closing day of the post Fed week. Interesting sessions ahead with the price high up, but maybe not high enough with bullish targets still eyed in a broken out bullish market. On the other hand, we have inside day signals days, money down below and it's Friday - anything can happen into the closing day of the week on day 3 of a 3-day cycle.
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.94189$
Wish you good luck in trading to you all!
KOG's RED BOXES - SILVERSILVER:
Key level here is 29.63 with the bias being bullish above.
Retracement needed with support just below at the red box which will need to break to go lower.
Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Cup and Handle Setup in SilverSilver has just formed a Cup and Handle pattern, suggesting it may begin trending significantly higher soon.
This pattern is very similar to what we saw with Gold at the end of last year, where we also discussed the Cup and Handle set-up. At that time, my projection for Gold was that it would start trending much higher soon. From USD 2,000, it has now reached around USD 2,600, with more potential upside to come.
Micro Silver Futures
Ticker: SILZ4
Minimum fluctuation:
0.005 per troy ounce = $5.00
Disclaimer:
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SPY/QQQ Plan Your Trade For 9-19 : Top-Resistance PatternToday's pattern is a Top-Resistance pattern.
After yesterday's Fed rate cut and the reaction, overnight, by the global markets, this top pattern suggests the markets will find a peak today and roll downward, away from that peak level.
Overall, I'm not too worried about a major crisis top today. I believe the Fed has unchained the US/Global markets a bit with the 50bp rate cut.
My custom indexes show the US/Global markets have moved into a new US-Dollar-based demand phase at the same time we are seeing a valuation-base and speculative-based price appreciation phase.
That means we are the following is taking place:
_ US Dollar is still stronger than most other currencies and demand for US-Dollar-based assets is still dominant.
_ Price appreciation is based on a renewed valuation accumulation phase. This is where traders see the US stock market as moderately undervalued and begin to accumulation based on discounted valuation levels.
_ Price appreciation is also based on a new speculative trend phase - showing more of a RISK ON mode where traders are chasing the upward price trends a bit more aggressively.
Putting all of that together, ahead of a US POTUS election event and the recent decrease in FFR, I think we are seeing a perfect environment for a MELT-UP trend to continue into a moderate early Santa Rally.
The one thing that could derail this momentum is some unexpected or crisis event that pops up out of nowhere. So be aware there are still risks.
Now, let's sit back and enjoy a rally day while we wait for confirmation of the breakaway high (FPT breach to the upside).
Get some.
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SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.95796$
Wish you good luck in trading to you all!
Silver 1D Short Trade : Retracement After Bullish MomentumAfter observing strong bullish momentum in silver over the past few days, the recent price action suggests the potential for a retracement. This setup is based on the daily chart, indicating that silver might be approaching a temporary peak. The anticipated move is towards the 29.800-29.600 area.
The trade is not intended to be short-term but rather based on a daily timeframe, which could span several days or even weeks. The key signal for this trade will be if today’s daily candle closes bearish, confirming the weakening bullish momentum and setting up a favorable short trade.
Trade Setup:
• Entry: Anticipated upon confirmation of a bearish daily close.
• Target: A retracement towards the 29.800-29.600 area.
• Stop-Loss: A tight stop-loss has been placed to manage risk. This will be adjusted as the trade progresses based on daily price action.
Risk Management: Since this is a trade based on the daily timeframe, it’s important to manage the position with the understanding that the trade may take time to develop. The stop-loss is placed tightly to protect against any sudden reversals, but as the trade progresses, it will be adjusted accordingly. This strategy allows for dynamic risk management, where profits can be secured incrementally if the market moves in our favor.
This trade idea is built on the expectation of a cooling down period after recent bullish activity. The key will be the daily close, and traders should be prepared to adjust positions based on evolving market conditions. Stay patient, manage your risk carefully, and let’s see how this trade unfolds.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
XAUUSD Counter-trend TradingXAUUSD has reached an all-time high of 2570, touching both a resistance zone and the channel border. With no high-impact news scheduled today and it being a Friday, there's a possibility of a pullback, as markets often correct after a strong trending week. Additionally, the price action seems to be slowing down near the resistance zone, indicating potential weakness. Given that markets typically move in cycles, there is a strong possibility of a retest of the 2550 support level before any further upward movement. The target is the support zone around 2544.800
XAUUSD Potential push for 2600This week, XAUUSD surged to an all-time high, driven by expectations of a potential Federal Reserve rate cut. The price jumped over 3%, marking its strongest weekly gain since August. Inflation concerns and global uncertainty have fueled speculation that the Fed may cut rates to stimulate the economy. Now, the market is in a new range between 2550 and 2600.
Next week’s key event is the Fed's decision, with high-impact news expected, especially Wednesday. The market could consolidate, forming a continuation pattern, though Monday may start with a short-term pullback due to a 1-2-3 price movement, typically signaling a correction.
Despite this potential pullback, the overall outlook remains bullish. A rate cut could drive prices toward 2600 or higher, supported by inflation concerns and economic uncertainty
What To Expect After The Fed rate Cut: 9-18-2024 (Fed Day)This video is really designed to teach you some basics about Fibonacci Price Theory (FPT) Analysis. I wanted to show you how I see the charts using FPT and why, sometimes, I might be seeing things differently than you do on the charts.
In my world, there are simple constructs that are evident on every chart. Supply & Demand zones, trending/flagging, and most importantly Fibonacci Price Theory constructs.
Fibonacci Price Theory is the basis of all my analysis. It is the ground-level structure I look for in price on all charts. Then, I move to more advanced indicators and other analysis types to develop a Success/Failure outcome (trend/trade expectation).
What I do is not hard to understand - it just takes practice.
Fibonacci & Gann techniques are infinitely adaptable to any type of price action. I use another technique I call the Tesla Price Amplitude Arcs which often help me identify where/when price events may happen - but that is for another video (maybe).
Ultimately, it comes down to understanding the structure and intent of price action (either success or failure) and how to position your trades for that success or failure of any price event.
There are really two types of traders: trend traders and counter-trend traders.
Trend traders try to catch the explosive price moves as trend events.
Counter-trend traders try to catch major reversal levels in price and try to profit from counter-trend price moves (reversals/reversions).
Using FPT, you can learn to execute both type of trading styles and improve your ability to see the market trends/setups more clearly.
I hope this video helps you learn to become a better trader and helps you understand my Plan Your Trade videos more clearly. At least you'll be able to understand how I see charts and what drives much of my thinking related to chart.
Get some.
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SILVER:Market Is Looking Up! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 30.63374$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-18 : Gap Potential & Fed DayThis video pretty much covers everything I've been telling all of you over the past 5+ days.
Yes, I'm planning on waiting out the consolidation/early trading today and waiting through the Fed decision. There is no reason to jump in front of a moving train attempting to change its direction or speed. You just get run over and beat up.
So, I'm going to take a break this morning, watching the markets and waiting for the Fed rate decision.
While I did look at some data points this morning, the one thing that caught my attention was the Mortgage Refinance Index. That index has jumped more than 45% over the past 12-16+ months while mortgage rates are still above 6%.
I believe this is an indication that ARM borrowers are under some pressure now (after roughly 36 months) to refinance and are dealing with higher rates. 2024-3 = 2021.
Those hot to buy anything after the COVID pandemic may have signed into ARM loans with a 3-year rate guarantee - which may now be rolling into fully adjustable rate loans. That would push the refinance index higher as these homeowners attempt to wiggle their way into something more realistic than the 6.5 to 7.5% rates on their ARMs now.
In my opinion, this is the only thing that may prompt the Fed to lower rates a bit - the pressure on a small segment of home owners in ARM loans that need some relief.
We'll just have to wait and see what happens today.
Get some.
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SPY/QQQ Plan Your Trade Update For 9-17 : Wednesday is CriticalIf you were paying attention to my SPY Cycle Patterns today - boy, a beautiful "top" pattern setup today. Just like my SPY Cycle Patterns predicted more than 3 years ago.
If you've been following my research, you already know I've identified dual excess Phase Peak patterns that should resolve into a rollover topping pattern, sending the SPY/QQQ moving downward towards the end of this week (Sept 19-20). If the current Ultimate High price level continues to act as resistance, there is a real potential for the SPY/QQQ to move into a downward momentum breakdown the following week (Sept 23-30).
But, the one thing that throws the whole topping pattern into a mess is that the RSP has already broken to new ATHs and appears to be attempting to hold above the previous high-price fractals. Thus, we are seeing the equal-weighted S&P already moving into a broad value-based rally phase.
Watch this video to understand why I continue to suggest traders avoid engaging in any big trades or get greedy, thinking they are going to WIN BIG on their trades. Yes, I'm sure some people will hit their targets over the next 3-7+ days, but others will get run over (hard).
Unless you really like taking the risk of getting run over by the markets or market makers, I suggest sitting back and reading a good book while the markets or traders struggle to find their exits.
One thing is certain: the markets will move into a trend by the end of September—either into a breakaway rally phase or into a rollover topping phase.
You'll have lots of time to position for these trends because my research shows the next cycle phase is October 7-10 (nearly two+ weeks away).
So, why stress out about tomorrow's Fed Rate decision? Just sit back and wait for the markets to give you a clearer understanding of what's next.
I'll create another morning video tomorrow morning.
Get some.
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Bullish on Gold and Silver | Long-Term As I mentioned in the previous post on DXY, my bias on the US Dollar index is bearish for the first half of September. Also, as the seasonality of Gold and Silver suggests, September is a negative month for these two cousins. So, in my opinion (not investment advice), in the last week of September and the first week of October, we might see good lows on Gold and Silver.
Remember, we cannot time the market, for now, I anticipate the lows to form at the end of September because the seasonality and the price action support this narrative for me. Also, the market is expecting the first rate cut on September 18, which, I believe, Gold and Silver already priced in that sentiment to some degree.
We can expect Gold to go as low as 2450$ before it attacks 2600$, and silver to revisit the 25$ - 26$ area after 4 months (the red scenario). I like the chart formation on Silver as it formed a very bullish structure on monthly and weekly charts. That's why I also put the yellow scenario which suggests Silver would dance around the 28$ level before it breaks out the 30$ and continue its journey towards 36$.
SPY/QQQ Plan Your Trade Update For 9-17: Excess Phase Peak BreakThis short video explains why it is so important to often wait for the markets to show you what it really wants to do - not trying to force a trade when the markets are undecided.
Many traders are likely short right now - expecting a top to setup in the markets ahead of the Fed rate decision. My research suggests a top would likely form because of the dual Excess Phase Peak patterns on the charts as well.
But, the RSP rally to new ATHs over the past 3+ days gave me reason to PAUSE and really consider the potential that price may rally and break away from the Excess Phase Peak setups.
Well, today we have a new ATH in the SPY. We need to wait till the end of the day to see if price gets rejected at these new ATH levels - but this is a BREAK of the Excess Phase Peak pattern.
Over the past 10+ days, I've continued to share why these Excess Phase Peak patterns are one of the core constructs of price action. They happen all the time (probably 60% of all trading through any year is an Excess Phase Peak pattern).
There are five constructs to the pattern. They can be Bullish or Bearish in structure.
At any time after the initial PEAK/TROUGH is set, they can INVALIDATE. So, we have to stay keenly aware of when/how they can invalidate.
This video will show you multiple examples of Excess Phase Peak patterns and how to use them.
Get ready, we may be at the start of a moderate melt-up for the SPY targeting 585-595 or higher.
Get some.
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SILVER Is Very Bearish! Short!
Please, check our technical outlook for SILVER.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 30.847.
Taking into consideration the structure & trend analysis, I believe that the market will reach 30.212 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.53995$
Wish you good luck in trading to you all!