[Belgrade Bobby]

S&P 500 climbs nearly 1% to end the six-day losing streak

 

Closing changes on the day:

·         S&P 500 up 0.8%

·         DJIA +0.7%

·         Russell 2000 +1.1%

·         Nasdaq Comp +1.0%

·         Toronto TSX Comp +0.3%

 

I had to take a look – such a hysteria that started probably with Bloomberg and then whole net took it over.

It is all in the title, isn’t it ?? Well NO !

I would use some nice words to explain this , but I am warned to stay away from profanity , so I’ll just show you Daily and Weekly chart of S&P 500.

Does this look Bullish to any of you ??? Honestly….don’t be shy…

I can see the possibility to try for the double top …maybe 5.200, and then 4.600 here we come.

So much fake news, false information and paid advertisements ….

[SF Monedge]

Noting lower highs all the way back to 4/15 in Usd/Chf.  Price is right where is began in Asia Sunday.

[GVI Forex 2]

NAS100 4 hour chart = HOW DO YOIU SPELL R-E-L-I-E-F

A relief rally so far would need to take out 17396 (on this chart) and then the trendline to suggest the bottom is in for now.

[GVI Forex 2]

AUDJPY 4 HOUR CHART —

AUDJOY is back in familiar territory after last week’s phantom spike to the downside.

On this chart, expect support as long as it trades above .99.00 but would need to clear 100.01 to put the key 100.80 resistance in play.

Note AUDJPY has moved up mainly on the bounce in AUDUSD while USDJPY has barely moved.

This is an e3xmaple pof using crosses to trade spot and following the path of least resistance with USDJOY still reluctant to challenge 155.

[GVI Forex 2]

The currency merry-go-round continues, this time JPY is taking it on the coss chin.in a geopolitical risk on relief day after a quiet weekend.

[SF Monedge]

Bonds are experiencing a bit of moderate pushback on the attempt to catch wind that has been in play since 4/16 (US).  The bid has held since but with this pullback I am paying special attention to the 20yr Index currently at 90.21 and looking like it might test sub-90 and in my view if 89.70 holds we would see yields drop and the Euro as well.  I like to pay attention to a group of things because sometimes you get a little “heads up.”  A bit of an inflection point starting this week.  Just some added input.  You know what my position is on Usd.

[Belgrade Knez]

it would be nice to see EU closing today around 1.0620 …..but …..

 

[SF Monedge]

Just to add a little, covered calls in Dow are very low, Pos/Neg volume is looking like its running out of steam.  Would not be surprised to see Euro drift down and Usd in general sort of hang in there.  A bit weak in conviction in a few ways today.

[SF Monedge]

I would not say it is dominant but Eur puts are slightly stronger than calls so far today to start the week.

[GVI Forex 2]

GBPUSD 15 MIN CHART – COMPARE IT WITH THE EURGBP CHART, LIKE A MIRROR

[GVI Forex 2]

EURGBP 15 MIN CHART – bounced off resistance

I have been citing this cross since Friday;s GBOUSD plunge and again today + in my blog article.

Take a look at GBPUSD price action after this cross-topped out.

Dragged EURUSD off its low but it was a GBPUSD bounce the leader.

[michael Calif]

big picture  …  just as June Gold futures are a top over 2400; June USD futures should decline from 106.00 and June Euro futures should rally from 1.0650, per Option Profile

[SF Monedge]

JP – Regarding your:

April 22, 2024 at 9:37 am

Trading THEME , week of april 22
–
Correctly identify the degree of difference in the messaging on interest rates from ECB and the Fed AND how much traction that theme has with players and you ll have your “go with” or “go against” trade bias

———————————————————————————-

JP it seems to me that ECB wants to start cutting but is apprehensive and waiting for the FED to work in unison.  They are communist after all so they like herd mentality.

[SF Monedge]

Expecting a slight pull back in UsdChf but it would be contra vs the larger picture which appears to remain Dollar bull until proven otherwise.

[Belgrade Bobby]

EURUSD 4h

Watch that Support line – comes at 1.06150

[GVI Forex 2]

This is not the only factor but notice how EURGBP met some resistance and EURUSD lost its bid — testing the top of 1.0615-27

[GVI Forex 2]

EURUSD 1 HOUR CHART – STILL TRADING IN 1.06-1.07

… eurgbp offsets WERE not enough to keep a EURUSD bid ABOVE 1.0650.

1.0615-27 is NEXT support blocking key recent lows at 1.0601-05

ONLY BACK ABIVE 1.0650-70 WOULD SLOW THE RISK.

[Mtl JP]

AI Replace a Human Trader ?
your morning chuckle:
–
Frm WSJ:
Move Aside, Banks: Giant Funds Now Rule Wall Street
Asset managers are growing into huge and complex financial supermarkets that mint billionaires by the dozen.

Big Tech Faces Earnings Test After Market Rout
The Magnificent Seven stocks lost nearly $1 trillion in combined market value last week, increasing pressure on the group to deliver

Business Tripping: The Professionals Trying Drugs to Get Better at Work

[Belgrade Knez]

April 22, 2024 at 9:47 am
wfakhoury Amman

Just for your information, the price did not close below 10760 before rising to 10885 so where is the problem?

————————————

Amman, I just check 3rd of April, and yes you are right ….. price never went or close below 1.0760 …..my bad …… I apologise for it

[GVI Forex 2]

EURGBP DAILY CHART – BREAKOUT MODE

The key level on this chart is .8715, now needing to hold the,8620 break to expose it.

On the downside, it keeps a risk on the upside as long as it stays above .8550, stronger while above the.8585 breakout level.

Even if you don’t trade EURGBP you can use it as a clue to trade GBPUSD and EURUSD as I explain in
‘
‘How you Can Use Currency Crosses to Trade Spot Forex

[wfakhoury Amman]

Knez Belgrade

Amman, on the 3rd of April you wrote that the price would go to 1.0666 if stays below 1.0760……after you wrote it, the price went up to 1.0885 …..so how is this a good call please?

Just for your information, the price did not close below 10760 before rising to 10885 so where is the problem?

[GVI Forex 2]

GBPUSD WEEKLY – HOW LOW CAN IT GO?

I had to go to the weekly chart to find the next key level that is not until 1.2035.

That may be a reach as it would imply a much stronger dollar but that is what this chart shows following the break of 1.2499

If trading the GBPUSD, keep an eye on EURGBO as this was the flow that sent it lower on Friday.
‘
.

[wfakhoury Amman]

Knez Belgrade
My signals have been active for a long time, and you can trade them for several times if they are returned
to the same reading within 36 hours.
The highest level after 36 hours was 10875. close below it will reach the consolidation level.
below 10760 will reach 10660

[Mtl JP]

Trading THEME , week of april 22
–
Correctly identify the degree of difference in the messaging on interest rates from ECB and the Fed AND how much traction that theme has with players and you ll have your “go with” or “go against” trade bias

[GVI Forex 2]

AS TRADERS, SHOULD WE WORRIED THAT WE WILL BE REPLACED BY AI AND BOTS?

THIS QUESTION IS DEALT WITH IN THIS INSIGHTFUL BLOG ARTICLE POSTED OVER THE WEEKEND.

Will AI and Algo Trading Bots Replace a Human Trader

[GVI Forex 2]

USDJPY 154.70: BoJ Giv Ueda said over the weekend that monetary policy will stay loose for the time being given that underlying inflation remains soft.

[GVI Forex 2]

XAUUSD 4 HIUR CHART — CONSOLIDATION OR CORRECTION?

I have asked this question before and the jury is still out although technicals are tiled towards correction as long as it stays below 2402.

With that said, the key level remains untouched at 2318. To put it at risk, a move below 2350 would be needed (the low of the day so far is at 2351).

[Belgrade Knez]

April 22, 2024 at 7:33 am
wfakhoury Amman

April 3, 2024 at 8:21 am
wfakhoury Amman

EURUSD
NOW 10766
10757 confirmed will be reached
10760 is the consolidation level; buy below it, sell above it, and tp at it.
10666 confirmed will be reached if it keeps below 10760.
_____________________
Proved

——————————————————————

Amman, on 3rd of April you wrote that price will go to 1.0666 if stays below 1.0760……after you wrote it, price went up to 1.0885 …..so how is this good call, please?

also you always say your signal are valid for about 48 hours …. this is like 20 days later!!!!!!

[Belgrade Bobby]

Oh sorry…just now I see you posted it way earlier….so similar numbers that I was sure you misspelled it.

[wfakhoury Amman]

Bobby, Good morning too .
This is an old signal.But still active

[Author]

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