SPX500 Plans; Crucial Understanding Of Sentiment

2024年7月31日

Powell has just mentioned broader disinflation occurring, and also the need to be less restrictive on rates.

This is propelling SPX long momentum.

If you are looking to trade the SPX, there's a few things you need to know first.

2024年8月1日

註釋

Price just drifting back to highs as expected. Positive sentiment remains and until this is broken, unlikely you will see major falls. Ultimately, just not yet.

2024年8月2日

註釋

Risk off environment via ISM. May not last, be careful.

2024年8月3日

註釋

Early Support Level Hit.



Remember, the only thing that will continue this lower is further negative sentiment into next week. Ultimately I expect this to occur, but if it does not immediately and fears subside, then price may returns to highs.

2024年8月5日

註釋

More fear smashing the SPX, similarly to other risk on assets.

Entries, if any, small.

2024年8月6日

註釋

Sentiment (fear) waning on more comfortable tone and some yen pair bounces.~

Would not be surprised if sentiment resumes south.

2024年8月7日

註釋

2024年8月9日

註釋

Still no extreme confidence as price drifts. Any longs I'd consider closing.