2022/09/28 (079) Technical Analysis – NASDAQ-MSFT & 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.


Unexpected Monster Bounce On US Wall Street On Wednesday – The Bank Of England Bought Government Bonds

The Dow rose 1.88 percent to 29,683.74 points after falling to its lowest level since November 2020 the previous day. The market-wide S&P 500 went up 1.97 percent to 3719.04 points. The tech-heavy Nasdaq 100 gained 1.97 percent to 11,493.83 points.

The leading index Dow Jones Industrial ended a six-day losing streak on Wednesday with a sharp jump in price.
Recent economic worries faded into the background on both sides of the Atlantic after the British central bank had braced itself against the recent drastic rise in interest rates on the domestic capital market. It remains to be seen that bulls are back in charge of US WallStreet!? And or whether it’s just a drop in the ocean, at the latest in a few days. Whether there are currently, due to the current stagnation – hardly any economic growth, with higher inflation – and global noise of war, due to the attack by Russia in eastern Ukraine, persistent reasons to buy stocks again in the medium term, even in the long term?!

The recent losses resulted from investors’ fears of significant interest rate hikes by the central bank in the fight against high inflation.
Whereby we are not even in a bear market in the DJIA. These worries were recently reflected in the sharp rise in yields on the US bond market. Now, however, there has been a strong countermovement there: the US yield curve has become cheaper. This reassured investors on Wall Street. Which is precisely due to the actions of the Bank of England. The Bank of England had announced today that it would buy long-dated government bonds until mid-October due to market disruptions. The background to this is the significant rise in yields over the past few days. According to experts, the recently presented tax cuts by the Liz Truss government have raised doubts about British economic policy. Escalating government debt and even higher inflation are feared. That`s why the GBP has given way massively in the past few days and weeks. But it`s, at least in my opinion, still not so cheap enough to buy GBP! Or? If you have an idea, feel free, mail me…

Equities in London regained traction on Wednesday, with the blue-chip FTSE 100 bouncing back above the 7,000 mark, driven by real estate and utility stocks. The market movement came after the Bank of England started new emergency quantitative easing to deal with a tumult in the gilt market and a sharp deterioration in the pound triggered by a dubious fiscal plan recently announced by the UK government. Regarding individual price share movement, Land Securities Group and SEGRO were the biggest gainers on the index, up 7% and 6%, respectively.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 Gain 2% As Yields Fall
US equities shot up Wednesday, with all three major US averages adding about 2% (Dow +1.88%, S&P +2.0%, Nasdaq +2.1%) as investors took advantage of lower valuations following a week-long selloff that sent Wall Street to new bear-market lows. The market movement came in tandem with easing Treasury yields, which, in turn, prompted investors to pile into tech and other high-growth companies. Energy shares rose significantly, tracking WTI crude’s over 4.5% rise. Still, growing concerns about the impact of dizzying inflation, a strong dollar, and rising interest rates on corporate America kept gains in check. Apple fell over 1% after the tech giant warned that it would trim production of its new iPhones this year amid signals of weak demand. On the flip side, shares of Biogen jumped almost 40% after the company Eisai said their experimental Alzheimer’s drug significantly mitigated the effects of the disease.

Dollar Eases From Two-Decade Peak
The dollar index weakened below the 114 mark as easing Treasury yields combined with a general risk appetite prompted some profit-taking after a rally that saw the US currency hit its highest level since May 2002. Still, hawkish remarks from Federal Reserve officials and the rejection of a possible currency agreement among major economies limited further downside momentum. A chorus of Fed policymakers indicated the central bank’s determination to do what is necessary to bring down inflation, even at the risk of a recession and further market volatility. Meanwhile, White House National Economic Council Director Brian Deese rejected the idea of another 1985-type currency accord to weaken the dollar.