2022/09/25 (076) Technical Analysis – NYSE-TRV & CBOT_MINI-YM1!

Unfortunately, My Fears Came True, On Last Friday
– Our Long 4XSetUp Trading Capability Was Stopped Out.
So That We Are Now Short In The CBOT_MINI-YM1!
With A New Short 4XSetUp Trading Capability.


Fear Has Taken Over US Wall Street Again
– And Pushes The DJIA To A New Low Near The End Of 2020

The fear of an imminent US recession continues to have a firm grip on the stock markets in the US.
And of course, the lascivious wartime bid in eastern Ukraine naturally doesn’t appeal to the risky bulls on US Wall Street That`s why prices fell again on a larger scale on Friday. The leading index Dow Jones Industrial fell so well below the 30.000 point mark that it reached its lowest level since the end of 2020. And our 4XSetUp switch trade came into action – we realized our loses (long 4XSetUp in the CBOT_MINI-YM1!) and switch into a new short 4XSetUp Trading Capability.

The concerns of market participants are fueled by the resolute action of the central banks, above all the US representatives of the Fed, who are also willing to accept economic damage in the fight against high inflation. That`s why I will not give up pointing out to you, yes you, my readers, that the Fed’s rate hike, i.e. their restrictive monetary policy, is a sensible and useful reaction to the expansive US fiscal policy of the US Democrats. What they pushed because of Covid and/or rather because of their green energy policy, which fueled US inflation. Because the USA, under the watch of Donald J. Trump, produced more energy than it consumed when Sleepy Joe Biden moved into the White House. Against this background, the market-wide S&P 500 lost 2.21 percent to 3674.82 points on Friday. The Nasdaq 100 fell 2.06 percent to 11,265.27 points.

“Rising interest rates, increasing pain,” concluded Jürgen Molnar, capital markets strategist at Robomarkets. With the prospect of two further rate hikes by the end of the year, the US Federal Reserve catapulted yields on US government bonds upwards. For those with a ten-year term, it reached its highest level in a good twelve years. That makes stocks less attractive. “Investors are facing a turnaround in interest rates at an unprecedented pace and are staying away from the stock market,” Molnar wrote. Experts at the US bank Goldman Sachs lowered the forecast for the market-wide S&P 500 index also. “Because higher interest rates are pulling US stocks down, experts say the index is likely to be 16 percent lower than previously assumed by the end of the year. Investors are well advised to stay under cover for the time being,” Goldman Sachs reported on Friday.Very Important Price Action Areas
For The Next Days, Weeks And/Or Months

34246 Target Price @ 4XSetUp

34246 08/16/2022 False-Break-Out high > 200SMA

33444 08/26/2022 False-Break-Out high > 20SMA
33031 01/24/2022 1st New Low this year 2022

32789 09/13/2022 False-Break-Out high > 20SMA
32789 09/13/2022 False-Break-Out high > 100SMA
32593 08/16/2022 20SMA/100SMA bottom to top
32167 02/24/2022 2nd New Low this year 2022
32097 09/16/2022 20SMA/100SMA top to bottom

31148 05/12/2022 3rd New Low this year 2022

30585 entry @ long 4XSetUp
if short 4XSetUp get stopped out

30585 05/20/2022 4th New Low this year 2022

30000 Stop Price @ 4XSetUp

29669 09/23/2022 last price @ friday closed

29639 06/21/2022 5th New Low this year 2022

29639 09/23/2022 Entry Price @ 4XSetUp

24675 Target Price @ 4XSetUp

Basically i’m a constructive realistically optimistic wall street bull. But the us wallstreet sentiment is still far too positive in relative terms; because the economic data and/or much more worldwide political framework conditions are worse than they have been since the cold war. So stay kosher – & trade only with entry/exits!US Equities Rout as Recession Indicators Flash Red
The Dow tumbled below the key 30,000 mark to close at levels not seen in almost two years at 29,592, while the S&P 500 and the Nasdaq lost 1.7% and 1.8%, respectively, as a Fed-induced selloff intensified. Sentiment remains clouded by a worsening outlook for growth, with sky-high inflation hitting Main Street and dampening consumer spending. With the central bank seeing rates rising as high as 4.6% in 2023 and Jerome Powell stating that a soft landing or even a moderate recession is unlikely, investors are preparing for a prolonged recession. Energy shares fell the most on the day, down 6.33% as crude prices collapsed. On the corporate side, shares of Costco Wholesale fell 4% after the big-box retailer reported a drop in its fourth-quarter profit margins. Disappointing results from Costco added to dire outlooks from several companies, including FedEx and Ford Motor. The Dow lost 4% this week, while the S&P and Nasdaq fell 4.7% and 5.1%, respectively.

DXY Breaks Above 113
The dollar index skyrocketed above the 113 level for the first time since May 2002, supported by expectations that the Federal Reserve would remain aggressive in battling inflation even at the risk of a recession. The Fed raised interest rates by 75 basis points for a third consecutive meeting on Wednesday while forecasting rates to peak at 4.6% next year with no cuts until 2024, pushing back any dovish pivot that the markets were hoping for in the near term. This dollar’s strength was seen across the board, but some of the most pronounced buying activity was against the British pound amid worries over the cost of Liz Truss’s massive borrowing plans. The DXY rallied more than 3% for the week, posting its best weekly performance since March 2020.