2022/10/04 (081) Technical Analysis – NYSE-MMM & CBOT_MINI-YM1!

The Battle For 30.000 Points Will Be A Disgusting Affair,
Because For Bulls There Are No Fundametal Arguments Currently!
May Be Excactly That`s Why, As A Counter Indication, Like This Summer? 
We`ll Experience It, My Dear Loyal Bulls And/Or Bears – One Way Or Another…


The October Rally On US WallStreet Continues – Dow Back Again Over 30.000 Points
Why We Had To Close Our Short 4XSetUp Trading Capability With 361 Points Loss Today

The Dow Jones Industrial surpassed the much-noticed 30,000 point mark in early trading for the first time since September 22nd.
Ultimately, the leading US index gained 2.80 percent to 30,316.32 points, expanding its winning streak to around five and a half percent since Monday. The S&P 500 was up 3.06 percent on Tuesday to 3790.93 points. The market-wide index thus posted its strongest two-day gain since April 2020, including Monday. The Nasdaq 100 technology index rose by 3.14 percent to 11,582.54 points. The US stock markets followed on from their strong start in October on Tuesday and once again made significant gains. Hopes of a less aggressive interest rate policy by the US Federal Reserve created a buying mood among investors. “Optimism seems to be back in the market in October,” commented Pierre Veyret of broker Activtrades.

Just don’t lose your nerve when you’re trading with US Wall Street – in whatever form. We will definitely see US Wall Street reach all-time highs again, my dear, loyal readers. But today I still don’t assume that we will experience it this year. With any luck, if US inflation comes back faster in the US than maybe here in the Eurozone. But there is not a single indication for this. Which is why I currently prefer the short side on US WallStreet. And also because in Chicago, on the largest securities market in the world, there will be (finally again) a more expensive US yield curve for the whole of the coming year 2023. So when comparing stocks and bonds, US WallStreet should generally remain riskier on the long side, if I’m not mistaken.

By the way, the famous economist Nourinel Roubini also thinks that shares will soon have nothing to smile about. The competent economics professor warned us last week with the example of the S&P 500. “Even in a simple recession, the S&P 500 can fall by 30%,” says the nobel price winner. But if the “really hard landing” predicted by Roubini occurs, the index could even plummet by 40%. While households and banks in particular were among the clear losers in the global financial crisis of 2008, the focus is now likely to shift. “As interest rates rise and the cost of servicing debt increases, many zombie institutions, zombie households, corporations, banks, shadow banks and zombie countries will die,” he said. Also that´s why too, I still prefere a long/short 4XSetUp Switch 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!DXY Gains Nearly 1%

The dollar index jumped almost 1% to 111 on Wednesday, following a 1.5% loss the day before which was its biggest one-day drop in more than two years. Bets the Fed will start slowing the pace of monetary tightening faded, with investors looking for further data to support a slowing economy. Still, the ADP report pointed into another direction to a robust job growth while the trade deficit continues to narrow in the US.

US Futures Fall Reversing Strong 2-Day Rally

US stock futures fell on Wednesday with three major averages down around 1% an hour before the opening bell as concerns resurfaced again about the aggressive monetary policy tightening. In premarket trading, Morgan Stanley and Goldman Sachs were down around 1.5%, after Atlantic Equities downgraded both stocks due to the potential of declining investment banking volume. Today, the ADP data showed, private hiring was strong in September as schools reopened and pandemic concerns receded. On Tuesday, the Dow gained 2.8%, the S&P 500 jumped 3.06% and the tech-heavy Nasdaq Composite rallied 3.34%, with US stocks posting their best two-day performance in about two years.