2022/09/27 (078) Technical Analysis – NYSE-NKE & 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.


DJIA Continues Losing Streak
– I Still Didn`t Find Any Competent Reason To Buy Shares

The DJIA repeated its recent losses on Tuesday.
The Dow ended down 0.43 percent to 29,134.99 points after rising as much as 1.36 percent in early trade. It is now the sixth day of losses in a row. The market-wide S&P 500 fell 0.21 percent to 3647.29 points. Both indices had fallen to their lowest level since November 2020 before recovering somewhat.
The Nasdaq 100 technology index, on the other hand, rose by 0.16 percent to 11,271.75 points. Tech stocks fell less than the market as a whole on Monday after experts at US bank JPMorgan spoke of a favorable entry point for investors in a study.

However, after nervous trading, the leading US index only recorded slight losses.
The testimony of James Bullard, the chairman of the Federal Reserve of St. Louis, proved to be a major burden. In his opinion, more rate hikes are needed to combat high inflation. Which I absolutely agree with – even if many of my colleagues deny it. And not to help the US economy. No – but rather because they fear a falling US stock market! “So what,” I now want to argue against it, because it drives me crazy like a dad who wants to explain his knowledge his sun – and/or much more rather vice versa like a sun and nephews explain his knowledge his dad and uncle. „We’ve had an accommodative monetary policy ever since the Lehman Brothers bank disaster in 2008, which has helped US Wall Street reach levels unimaginable at the time! And if the FED now reacts to the wrong green energy policy, and or rather US fiscal policy, from the White House, then the FED should not be criticized, let alone condemned! No, it is rather the cheap money, the central banks, in the hands of incompetent statesmen and stateswomen, and or rather unprofitable private taxpayers and consumers that drives prices up. And not the FED system per se. Because the monetary material system itself, in the USA, are all American taxpayers and consumers – that is, everyone. Just like here, in the euro zone, under the direction of the ECB, also on. Only here in the eurozone, including my home country of Germany, and or also in my homeland of Croatia, are the individual capitals responsible for fiscal policy. And not Brussels – like Washington in the USA. And that’s just how it is!“  More about this topic is going too far – at least at this point…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 Stocks Slide For Sixth Straight Session
Wall Street extended losses for a sixth consecutive session on Tuesday, with the Dow losing almost 300 points and the S&P 500 and Nasdaq down 0.8% and 0.4%, respectively, amid lingering concerns about corporate America coming under heavy pressure from inflation, an economic downturn, and soaring interest rates. The gloomy mood was exacerbated by a slew of hawkish Fed speeches, with Chicago Fed President Charles Evans and St. Louis Fed President James Bullard making a case for more rate hikes in future meetings. On top of that, upbeat economic releases supported the Fed’s aggressive stance. New orders for US-manufactured capital goods rose more than expected in August, while home sales unexpectedly rebounded last month. The market movement came along with a sharp rebound in Treasury yields and a recovery in the dollar, while the VIX volatility index marched higher towards the 40 mark.

US 10-Year Yield Approaches Key 4% Level
The US 10-year Treasury note yield approached 4% on Tuesday, closing in on the highest level since October 2008, as expectations of higher interest rates continued to dent appetite for government debt. A slew of hawkish Fed speeches confirmed Federal Reserve’s commitment to pushing back against persistent inflation with Chicago Fed President Charles Evans and St. now pricing in another 75 bps hike in November.