2022/10/05 (082) Technical Analysis – NYSE-MCD & CBOT

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 Bulls Get Cold Feet For The First Time In October
– First Some Selling Pressure On Wall Street In October After 2 Days Of Brilliant Price Increases

The Dow Jones Industrial closed down 0.14 percent at 30,273.87 points. The market-wide S&P 500 fell 0.20 percent to 3783.28 points. The technology index Nasdaq 100 lost 0.08 percent to 11,573.18 points. US stock markets paid some tribute to their recent recovery rally, falling modestly on Wednesday. However, all leading indices made up for most of their clear initial losses in late trading. The rebound was led by a rally in oil stocks, which benefited from an agreed output cut by oil alliance Opec+. Fresh US economic and labor market data had little impact on prices.

Just as Norurinel Roubini expects the US Federal Reserve to reach its 2 percent inflation target without a so-called “hard landing,” I don’t expect it either.
I even go one step further and say the US federal reserve Bank won’t make it in the entire coming calendar year 2023. Which is why I don’t criticize you, as you know, my dear, loyal readers. But rather the economic policy of the US Democrats. From the USA, politically organized an oil importing country – only because of an ideology that legitimizes your tax increases and/or an expansive fiscal policy. Which is the result of rising US inflation, as can already be seen in retrospect, after just 2 years of Joe Biden in the White House. And if the US Inflation falls to 2 percent – the FED will surely wait and see into 2024. What will be good for the us economy and/or even not good for the us wallstreet for the next months. At the latest until we perceive this staghlation in the historical rear-view mirror. The economics professor predicted the last interest rate hike by the monetary watchdogs by 0.75 percentage points in advance. So that I now also assuming, that we will again experience 75 basis points in Nov`22. And even if it were to stay at just 0.5% for Nov`22 and/or Dec`22, as we all originally thought, the key interest rate in the USA would still be 4-4.25% at the end of the year. Which the US yield curve is still unlikely to cheapen. And stocks on US WallStreet should continue to come under pressure. So that, on the other hand, in Chicago, there is an increasingly expensive interest-bearing alternative with almost no risk of default. According to Roubini, however, there is still no end in sight to the interest rate hikes: the Fed is likely to turn the screw again in the coming year and raise the key interest rate towards 5%, as high inflation rates are still to be expected. 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!Dollar Holds Gains On Fed Rate Hike Bets

The dollar index traded around 111 in choppy trade on Thursday, holding onto gains from the previous session as better-than-expected US data and hawkish remarks from US policymakers supported the case for continued Federal Reserve monetary tightening.

US Futures Edge Up After Downbeat Session

US stock futures edged higher on Thursday after the major averages broke a strong two-day rally during Wednesday’s session, as investors reassessed the outlook for inflation, interest rates and growth, dialing back bets that the FED would tighten less aggressively. Futures contracts tied to the three major indexes were all up about 0.2%. In regular trading on Wednesday, the Dow shed 0.14%, the S&P 500 lost 0.2% and the tech-heavy Nasdaq Composite dropped 0.25%, with a sharp rebound in bond yields adding pressure to stocks. Those moves came as better-than-expected private sector hiring and services sector activity data in the US, as well as upward price pressures on energy markets supported the case for further interest rate hikes. Atlanta Fed Raphael Bostic also said he favored raising rates to 4.5% by year-end, while San Francisco Fed Mary Daly pushed back against expectations for a rate cut next year.