2022/10/06 (083) Technical Analysis – NYSE-KO & 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…


Dow Falls Back Under 30.000 Points Ahead Of US Jobs Report

The Dow Jones Industrial fell 1.15 percent to 29,926.94 points. The leading US index gained almost 3 percent on Monday and Tuesday. The market-wide S&P 500 fell 1.02 percent on Thursday to 3744.52 points. The technology index Nasdaq 100 lost 0.76 percent to 11,485.50 points.

The US stock exchanges came under more pressure on Thursday after the small price setback in the middle of the week.
On the first two trading days in October, the US stock exchanges had already made up more than five percent of ground after hitting two-year lows. Hopes for a less rigid monetary policy from the US Federal Reserve proved to be a price driver after economic data turned out to be somewhat weaker than expected. The organization Opec+ is reducing its oil production. From November onwards, the association of 23 countries wants to produce two million barrels (159 liters each) less oil per day. It’s the biggest cut in production in a long time. The move is intended to at least stabilize the oil price, which has recently fallen by up to 30 percent. These increased significantly after the decision.

But let`s come back to todays most relevant financial market price actions in us wallstreet.
After recent strong data from the private labor market and in view of rising oil prices, fears of rising inflation and corresponding further aggressive interest rate hikes by the US Federal Reserve came to the fore again. Some Fed officials had made it unmistakably clear that they wanted to combat very high inflation with rate hikes. According to Cleveland Regional Federal Reserve Chair Loretta Mester, the US is in an unacceptably high inflation environment. A surprisingly significant increase in initial jobless claims only briefly relieved investors’ fears of inflation. Meanwhile, last week’s reading has been revised down slightly and by historical standards the numbers are still low. The Fed’s monetary policy is strongly geared to developments on the labor market. It has cited the solid employment situation as an argument against a deep recession and is trying to get high inflation under control by raising interest rates sharply. Both Wednesday’s report on the US private sector and the initial claims are considered indicators for the official US government jobs report for September, which is due out on Friday. Oil values on Wall Street braced themselves against the gloomy mood on Thursday.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 Advance Ahead of Jobs Report

The dollar index held around 112 on Friday, underpinned by a drumbeat of hawkish remarks from Federal Reserve officials, while investors look ahead to the pivotal monthly jobs report that could guide the central bank’s monetary decision in November.

US Futures Waver Ahead Of Monthly Jobs Report

US stock futures lack direction on Friday after the major averages declined for the second straight session, while investors look ahead to the monthly jobs report for fresh clues on the trajectory of Federal Reserve tightening. In regular trading on Thursday, the Dow fell 1.15%, the S&P 500 dropped 1.02% and the tech-heavy Nasdaq Composite lost 0.68%, with all S&P sectors finishing lower except for energy. Those moves came as a chorus of US policymakers sounded unambiguously committed to more rate hikes, driving the dollar and Treasury yields higher while weighing on equities. Latest data also did little to aid sentiment, with US-based companies announcing plans to cut almost 30k jobs in September, while initial jobless claims rose more than expected last week. Investors now await the September jobs report due out later on Friday, as well as wholesale inventories and consumer credit data.