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a great RECOVERY in INFOSYShey guys , we are seeing that IT SECTOR was in a complete state of RECESSION, but now this sector has recovered and showing signs of UPTREND therefore, IT SECTOR'S main stock - INFOSYS , this stock is showing the signs of recovery , this stock was moving in a downtrend and now this stock has crossed it's RESISTANCE and now it has RETESTED and has shown a great big GREEN CANDLE . therefore, try to grab this opportunity and earn high returns. also , the 20 day ema is above the 50 day ema which show's that this stock is in a uptrend
NSE:INFYLong
by TRADERS_AREA
SPY: MAKE OR BREAK TIME💥🔸️Ticker Symbol: $SPY 🔸️Timeframe: 4H 🔸️Investment Strategy: Neutral TECHNICAL ANALYSIS: $SPY is currently at a very critical level in the market at $423. Two scenarios can play out in my opinion. If we do reject off the middle deviation level on our bull regression trend indicator, I can see the SPY increasing to its previous resistance level of $425. However, if we do end up breaking below this level of $421 the next levels of support are not until $416 and then $412. Leave comments below on what investment strategy you are playing! 🔔 Follow for daily stock, crypto and forex technical analysis. ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
AMEX:SPY
by TrendsiTrades
2
TTITechnical only : Adding to my watch list in order to get a direction from the market. There is a positive and a negative scenario. Positive scenario - W pattern - Our first entry will be above 4.20 and our second entry will be above 4.50 with potential target of 5.75$. The negative scenario - Below 3.76$ we will jump in to short position and even increase my holding if we will break the important 3.55$ level. Our potential target will be 2.7 and than 2.35. DYOR 🙊🍒 Manage your own risks
NYSE:TTI
by SharonSwingHalleluya
SPX Daily TA Neutral BullishSPXUSD Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * The Fed Minutes confirmed preexisting knowledge that inflation is still the primary concern for the economy (making this release a low impact event) and that more downsizing of the Fed balance sheet + another 50bps is the baseline scenario for the next FOMC meeting on 09/21. Fed Staff (FOMC) agreed that 3.4% is the current peak target rate for FFR, the current range is 2.25%-2.5% implying that perhaps two 25bp rate hikes will follow September's anticipated 50bps hike to end the year. Some participants (Fed members) commented on how commodities (primarily energy and food) are likely to keep inflation up in the near term, some Participants mentioned that the policy adjustments are already seeing a substantial effect but almost all agreed that most of the effects haven't been felt yet, and most participants agreed that they support rate hikes until PCE is closer to the 2% long-run target. July US Retail Sales stayed roughly the same as in June and posted ~0% change compared to estimates of 0.1% (sales are still up 9.2% from July 2021), this surprised many analysts who expected more spending with the recent significant reduction in gas prices. Key Upcoming Dates: S&P US August PMI at 945am EST on 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.* Price is currently testing $4254 minor support after being rejected by the upper trendline of the descending channel from November 2021 + the 50 MA at ~$4325. Volume remains consistently Moderate and broke a three day streak of buyer dominance with a seller dominated close in today's session; this was a capitulation type of initial reaction which is indicative of a critical resistance. Parabolic SAR flips bearish at $4220, this margin is bearish. RSI is currently testing 68.42 support after forming a soft peak at 73. Stochastic is bearish and currently trending down at 87; it remains in the 'bullish autobahn zone' which is mildly bullish at the moment. MACD remains bullish but is beginning to trend sideways as it forms a soft peak just above the ATH (91.78) at 93.54; it has been bullish for 54 days now, implying that perhaps this is more than just a bear market rally. ADX is currently trending up at 31 as Price continues to push higher, this is bullish at the moment. If Price is able to bounce here at $4254 minor support then it will likely retest the upper trendline of the descending channel from November 2021 + the 50 MA at ~$4300 as resistance . However, if Price loses $4254 minor support , it will likely retest $4175 support before potentially retesting the uptrend line from 06/16 at ~$4k psychological support. Mental Stop Loss: (one close below) $4226.
SP:SPX
by dailytaguy
1
BUY Entry on SPX Retracement Situation ------------------------------------------------------------------ - SPX touched and rejected from Key Resistance region @ 4150 - Elliot Wave 1 to 5 completed - MACD overbought near 80; histogram shows weakening buy momentum Strategy ----------------------------------------------------------- - LIKELY RETRACEMENT to pocket 38.2-61.8% fib retracement zones - BUY @ 3850 to 4000 TP @ 4500 SL @ 3800 (Below first higher low of elliot wave 2 + 61.8% pullback level) Otherwise, buy low and never sell if you are a long term investor like me :) @GolDRoger
SP:SPXLong
by Gold_D_Roger
Bank of America Corp.: the instrument trades sidewaysNYSE:BAC Current trend The shares of Bank of America Corp., one of the US's largest banks and analytical agencies, are moving sideways around 33.00. The downward dynamics of the asset are developing against the backdrop of investor pessimism regarding the recent Q2 report, which was one of the worst for the company: net profit fell by 33% and amounted to 6.2B dollars compared to 9.2B dollars a year earlier, EPS is at the level 0.73 dollars, well below 1.03 dollars a year earlier, while the corporation's revenue reached 22.69B dollars, down from 23.23B dollars a quarter earlier. The main disappointment for traders was that the division responsible for capital markets investments suffered a loss of 5.0%, which reduced revenue to 4.5B dollars. The new report, published on October 17, is expected to increase revenue to 23.51B dollars, while EPS could increase to 0.8011 dollars. The next dividend payout is scheduled for September 30, and shareholders will receive 0.22 dollars per share, reflecting an average quarterly return of 2.66% per annum. Support and resistance n the global chart, the price has left the downwards channel and is preparing to continue its local growth. Technical indicators maintain a buy signal: Alligator's EMA oscillation range expands, fast EMAs are above the signal line, and the AO oscillator histogram trades in the positive zone, forming downward bars. Resistance levels: 33.85, 37.34. Support levels: 32.40, 30.00. Trading tips Long positions may be opened after the price rises and consolidates above 33.85 with the target at 37.34 and stop loss 32.00. Implementation period: 7 days or more. Short positions may be opened after the price drops and consolidates below 32.40 with the target at 30.00. Stop loss — 33.00. ***All indicator readings and price values are historical data. Past price behavior is not a reliable indicator of future performance.
NYSE:BAC
by Solidity_best_options
SPX Daily TA Cautiously BullishSPXUSD Daily cautiously bullish. Recommended ratio: 75% SPX, 25% Cash . *The BLS reported PPI numbers this morning and they followed in the footsteps of CPI by coming in lower than the month prior, from a 1% rise in June to a -0.5% drop in July. This was a surprise because consensus estimates had PPI rising by 0.2%, such a dramatic fall can largely be attributed to the 19% decline in national average retail gas prices since last month. Year over year, PPI registered its lowest rise from the 12 months prior at 7.6% (this is the lowest it's been since October 2021). This inflation data has markets believing that inflation has peaked and July's PCE numbers due on 08/26/22 will help to clarify whether the drawdown in inflation was largely due to a big pullback in gas prices. June's PCE numbers came in higher than estimates and, all things considered, the supply chain situation has only improved nominally which brings a bit of uncertainty regarding whether or not PCE will follow in the footsteps of CPI and PPI. Key dates next week: US Housing Starts and Building Permits at 830am EST 08/16; 5th GDPNow US Q3 GDP estimate at 915am EST 08/16 ; US Retail Sales at 830am EST 08/17.* Price is currently testing $4254 minor resistance (new resistance) after breaking out above $4175 resistance and flipping it to support (two consecutive closes above $4175). Volume remains Moderate and has favored sellers in three of the past four sessions even as Price is going higher, this is mildly bearish at the moment. Parabolic SAR flips bearish at $4109, this margin is mildly bearish. RSI is currently trending down at 67 after being rejected at 68.42 resistance, the next support is at 53. Stochastic is currently crossing over bullish at 91, the next resistance is max top while the next support is at 76. MACD remains bullish for a 48th consecutive session and is currently beginning to form a soft peak at 74, the next support (minor) is at 55 and the next resistance is the ATH at 91.78. ADX is currently trending up at 25 as Price is pushing higher, this is bullish. If Price is able to break out above $4254 minor resistance then the next likely target is a retest of the upper trendline of the descending channel from November 2021 at ~$4300 as resistance (which would probably coincide with the 200 MA). However, if Price is rejected here, it will likely formally retest $4175 support . Mental Stop Loss: (two consecutive closes) below $4175.
SP:SPX
by dailytaguy