2022/09/26 (077) Technical Analysis – NYSE-PG & 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.


The DJIA Stabilized Over The Trading Session Today, But Worries About The Future Have Not (Yet) Gone Away

After the slump in prices in the last calendar week, the US stock exchanges finally stabilized somewhat during the course of the day on Monday.
Despite this, most on US Wall Street are still concerned that interest rates will continue to rise. What makes the US yield curve more expensive – and therefore makes equities less attractive. So that interest-bearing securities are finally available again – since 2008. And that’s just as well. The Fed no longer favors US Wall Street over US Main Street, if you will; my dear readers. And or else, let me put it more diplomatically: „It focuses on US inflation. And, under the direction of Fed Chairman Powell, takes responsibility for US consumers by raising US interest rates. Also with the risk that the US economy could be accelerated into a recession.“  But the central bank is not responsible for this, it is the White House. Because US inflation has risen parallel with Sleepy Joe’s entry into office in the US White House. Because his green economic policy was and is the cancer that ignited US inflation. And the FED now has to delete it – with higher interest rates.

Of course, US Wall Street is getting scared. Since in New York, mainly stocks are traded.
But the largest securities market in the world is in Chicago, my dear readers. It`s the bond market!
And there is an expensive Yield Curve to get. And that´s basicly good – basically good for the purchasing power of every taxpayer. Who we all are. But not for Wall Street. Because many unprofitable companies and stocks are disappearing. But what is the healing effect of any recession. And we basically shouldn’t be afraid of it. What even makes US WallStreet more risky – because interest-bearing securities are finally back (since 2008). And that thanks higher interest rates. And that`s why I am afraid too about the future of the big three us stock markets today. And took the unusual rare 4XSetUp long/short switch trade.

Because the prospect of further significant interest rate hikes by the US Federal Reserve in the fight against high inflation and the associated fear of a possible economic downturn seems to be paralyzing US Wall Street in New York. I hear more and more fantastic arguments from colleagues, without wanting to publicly discredit anyone names here, who still scream buying shares at this level. I’ve become more cautious – by no means as optimistic as I was in the summer of this year. When we were briefly long the DOW after a short 4XSetUp in the NASDAQ 100. And was able to complete both with a profit. Nevertheless, I don’t think I’m always on the right side when it comes to price action. So stay kosher! And don`t trade the price action, in these times, withoit an entry/exit before any trade!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 Stocks Retreat For 5th Session
Wall Street extended losses for a fifth consecutive session Monday, with the Dow falling 325 points down 1.1%, the S&P 500 retreating 1.03%, and the Nasdaq 0.60%, as signals that inflation is becoming more entrenched in the economy paved the way for further interest rate increases. On Monday, Fed Collins said additional tightening is needed to rein in stubbornly high inflation and cautioned the process will require some job losses. Losses were also driven by foreign currency worries after the British pound tumbled to record lows against the USD and the BoE said it will not hesitate to raise rates if needed to control inflation. Energy shares were in the red across the indices as crude oil prices fell over 2%, with Baker Hughes falling nearly 6%. On a positive note, Wynn Resorts and Las Vegas Sands skyrocketed over 12% each, following news that China might, after almost three years, allow tour groups in Macau.

US 10-Year Treasury Yield Hits 3.9%
The US 10-year Treasury note yield hit 3.9% for the first time since April 2010 as expectations of higher interest rates to rein on sky-high inflation continued to dent appetite for government debt. The Federal Reserve has hiked interest rates for a third consecutive meeting in September to a target range of 3% to 3.25%, with money markets now pricing in another 75 bpshike in Nov`22. Policymakers also significantly cut their outlook for 2022 economic growth, expecting just a 0.2% gain in GDP, down from 1.7% in June. Meantime, the 2-year Treasury yield surged above 4.3%, the highest since 2007, widening the gap in the former and further inverting the yield curve.