2022/09/18 (071) Technical Analysis – NYSE-WMT & CBOT

Ugly Terrible Bloodbath On US WallStreet Last Week,
Because US Inflation Slows For 2nd Month But Less Than Excepted!
That`s Why We Close All 4XSetUps At Week Start – Only Not DXY & UKOIL
– So We Can Focus On This CBOT_MINI-YM1! All 5 Days, Throughout This Week!

This Week Will Be Dominated By Interest Rate Decisions By The Major Central Banks Including The Federal Reserve, Bank of England, And/Or Bank Of Japan

Also, the focus will be on inflation rates for Japan and Canada, Ifo Business Climate for Germany, and housing data in the US. Finally, investors will be awaiting flash services and manufacturing PMI figures for the US, UK, Euro Area, France, Germany, Australia and Japan.

But Let’s Take A Quick Look Back As Further Losses Multiplied At The End Of A Weak Week On US WallStreet

The slide in US stock markets continued on Friday on US WallStreet. After the recently lowest US inflation figures of the last 4 months, the sell-off pressure on the US stock markets is still didn`t stop! For better or for worse, the majority of financial market participants were so surprised by the high US inflation figures that they continue to shy away from the risk before the US Federal Reserve’s interest rate hike on Wednesday. A fixed step of 0.75 percentage basis points is calculated, but a whole point is also considered possible. But it’s only a small bet on the futures exchange in Chicago. So we can assume that it will be 75 basis points! And then? Another 75 basis points? Or just 50 basis points? And how is US inflation doing so far? After Wednesday, the FED will only meet 2 more times this year 2022! On 02/11/2022 and or also on 14/12/2022. I assume that the FED will, in both cases, raise the key interest rate again by 50 basis points. So that by the end of the year 2022 we will have an interest rate of 4.00 to 4.25 percent! Which will put further pressure on the US stock market! That`s why I, as a fundamentally constructive realistic optimist, I also formulated a long/short switch 4XSetUp this week! Because I wouldn’t be surprised if we drop sharply again in the coming days and weeks, in the CBOT_MINI-YM1!. Even in this 4XSetUps Trading Capability.

While the trading session on last Friday, the indices reduced their losses. In the end, the Dow Jones Industrial fell by only 0.45 percent to 30,822.42 points. The broad-based S&P 500 fell 0.72 percent to 3873.33 points. The Nasdaq 100, which is characterized by technology stocks, lost 0.55 percent to 11,861.38 points. All three New York price barometers had again reached lows since mid-July. This results in a weekly loss of 4.1 percent for the Dow. A month ago it had reached an intermediate high of 34,281 points, from which it has now fallen by a good ten percent. The weekly minus for the Nasdaq 100 is 5.8 percent.On Friday, investors were concerned not only with long-standing concerns about inflation, interest rates and the economy, but also with the great decline on the futures exchanges. Recession fears were reinforced by a profit warning from the logistics company Fedex, which is also considered an indicator for world trade due to its important role in global supply chains. FedEx shares fell 21.4 percent. They also dragged rival UPS down 4.5 percent. FedEx had withdrawn its earnings forecast after a weak quarter. According to UBS analyst Thomas Wadewitz: „Earnings per share missed consensus by a third.“ Deutsche Bank analyst Amit Mehrotra wrote: „that in the 20 years that his institute has analyzed companies, he has never seen results so weak compared to expectations.“

Downtrend Confirmed In The Past Calendar Week! What Are The Next 3 Supports And/Or Resistances Price Action War Areas?

Next three supporting price action war areas for bulls are, if i`m not wrong, more or less, around 30.880, 30.680 and/or 30.490 which need to be defeat.
Next three resistance price action war areas for bulls are, if i`m not wrong, more or less, around 31.270, 31.580 and/or 31.720 which must targed and overcome. Because if not, the bears can quickly smell the cops’ sweat again!? And the prices in the DOW should go down faster than we could imagine (like last week)?!

However, the Dow Jones Industrial ended its recovery rally at 32,504 points. The bears returned on Tuesday with a bearish gap. In yesterday’s trading, the index hit a 2-month low at 30,882 points. This confirmed the downtrend from the August high. Downside risks dominate in the short to medium term. Next supports and potential downside targets now stand at 30882/30885, 30653/30680, 30492 and 30141/10149. Below that, a possible reunion with June’s bearish low of 29,653 points is on the agenda. Looking on the upside, an hourly close above 31,278 would signal a renewed attempt at recovery. Course advances in the direction of 31,583 points, currently 31,725 points (falling 100-hour line) and possibly 32,007-21,159 points would be plausible if successful.