S&P 500 - Inter Market Analysis

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Old Apr 8, 2017, 11:30pm   #25
Joined Feb 2017
S&P 500: Trading plan for Mon 10/04/2017

InterMarket-Analysis started this thread SO FAR
1. TAPER TALK VIA FOMC MINS
2.RATE HIKE TALK VIA FED
3. war - geo pol risk
4. weaker US jobs data

has failed to send equities lower ? What will ? BTFD


I had expected a flush on S&P 500 ....bear flag on daily on friday to 2320 region.
It made sense technically . 1. we held Fib 75% 2. we held diagonal trendline for lower high 3. lower low expected as bearish trend 4. bearish engulfing candle in control

Game plan for Monday is to maintain a short bias until we take out Fib 75% resistance . I will look for the VIX to break out north....
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Old Apr 8, 2017, 11:37pm   #26
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InterMarket-Analysis started this thread Russell 2000 what do you see ?

1. H&S formation
2. bear flag

WHEN YOU GET A PATTERN LIKE THAT ,ITS A ONE WAY TRADE DOWN
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Old Apr 12, 2017, 11:57pm   #27
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InterMarket-Analysis started this thread Istanbul Welcomes Bets of Mystery Trader Known as `The Dude' https://www.bloomberg.com/news/artic...wn-as-the-dude via @markets
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Old Apr 17, 2017, 5:46pm   #28
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InterMarket-Analysis started this thread S&P 500 initially short squeezed higher led by stronger Chinese data and a failed nuclear test over the weekend in North Korea. We have thrust higher to test 2341 resistance but remain firmly in a bearish trend as USA/North Korea rhetoric increases and weaker US data continues to weigh.

Daily chart remains an inside bar , bears in control given GEO POL concerns remain.

60 mins - bearish channel resistance

10 mins - resistance at 2340

game plan: bias continues to remain bearish provided we hold 2341 , otherwise we test 2353 and 2357 gap fill.
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Old Apr 21, 2017, 2:01pm   #29
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S&P 500: Trading plan for 21/4/17

InterMarket-Analysis started this thread The combo of bullish comments via Trump and Mnuchin certainly triggered a short squeeze in US equities yesterday as Health care bill and tax reform were back in the spotlight. The question is does it have any substance or is it just all talk again ?

S&P 500 closed the gap above at 2358 and held diagonal trendline resistance at 2360 region. The uncertainty regarding the French election over the w/e will keep the index below 2360. We have an unfilled gap below at 2338 and 2328 so keep that in mind for the remainder of the day.
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Old Apr 22, 2017, 9:29pm   #30
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InterMarket-Analysis started this thread S&P 500 = bearish set up given Trump plays down healthcare bill + his so called tax plan details on wednesday has been talked down as hot air once again

TRUMP = JOKER out of Batman. He's become the boy who cried wolf , unlike the ignorant voters, equity markets no longer buying it.



If French vote = bearish then we sell off hard, down to 2330 gap fill.
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Old May 16, 2017, 1:17pm   #31
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S&P 500: Trading plan for 16/05/17

InterMarket-Analysis started this thread S&P 500 has held double top resistance thus far at 2404, this resistance is currently across multiple time frames thereby increasing its potency. The current political uncertainty surrounding Trump is expected to weigh on sentiment in the US trading session.

"President Trump revealed highly classified information to the Russian foreign minister and ambassador in a White House meeting last week, according to current and former U.S. officials, who said Trump’s disclosures jeopardized a critical source of intelligence on the Islamic State.

The information the president relayed had been provided by a U.S. partner through an intelligence-sharing arrangement considered so sensitive that details have been withheld from allies and tightly restricted even within the U.S. government, officials said."

Political turmoil will hurt Trumps ability to push through health care and tax reform, which in turn jeapordizes the TRUMP trade. Hence expect weakness in US equities with the unfilled gap below at 2391 being targeted.
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Old May 21, 2017, 6:30pm   #32
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S&P 500: Trading plan for 22/05/17

InterMarket-Analysis started this thread S&P 500 flushed on the weekly chart due to TRUMP/COMEY/FLYNN concerns regarding potential collusion with Russia. The investigation is pending with details still leaking via WAPO, the latest headlines from the Washington Post late friday was;

"amid this week’s revelations that Trump reportedly asked James Comey, when he was director of the Federal Bureau of Investigation, to drop its investigation into fired national security adviser Mike Flynn and his connections to Russia."

Concerns over Trumps being impeached and the potential derailment of tax reform and infrastructure spending hurt sentiment thereby sending the S&P 500 to a pivot low of 2348 gap fill. We have now stabilized and retraced 75% of that gap hitting 2388 thus far. The weekly chart still holds double top at 2404. Daily chart has held Fib 61% retrace thus far with an unfilled gap at 2401.

10 mins chart remains vulnerable given the unfilled gap at 2365 especially given North Korean test firing missiles again over w/e.

60 mins chart has held Fib 75% resistance after further reports from WAPO regarding the Trump investigation late friday.

"Former FBI Director James Comey will testify before the Senate Intelligence Committee in a public hearing sometime after Memorial Day. CNN reported this late Friday citing a Senate statement.

CNN also ran a story over the weekend citing an unidentified source that Comey will indicate Trump tried to influence him. This is making top headlines but please do keep in mind that the validity of these claims is unknown.

The source seemingly tries to provide context to last week’s Comey transcript that some took to suggest Comey didn’t feel influences. It claims Comey had reached “no conclusion about the President's intent before he was fired… But Comey did immediately recognize that the new President was not following normal protocols during their interactions.”

The father of Comey has also weighed in for a CNN interview.

J. Brien Comey believes his son's firing last week "a Trump deal." The 86-year old says: "[Comey] didn't give him 100% loyalty, and he demands that of people who work with him. [Comey] said he would give 100% honesty, but not loyalty.

On Saturday, the NYT reported that the Intelligence Committee is also seeking another testimony. “Michael Caputo, who served as a communications adviser to the Trump campaign, has been asked by the House committee investigating Russian election meddling to submit to a voluntary interview and to provide any documents he may have that are related to the inquiry.”

Concerns over North Korea will also weigh on Monday

"North Korea has fired another ballistic missile, according to various news agencies. South Korea first reported the test and according to BBC, "the White House said the medium-range missile had a shorter range than those used in North Korea's last three tests."

I will be looking to target the gap below at 2365 .
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