I’m expecting between 170 - 210 SPX points for next week. Trading Levels should be between 5300 - 5500. But if 5300 gets taken out solidly, then all bets are off to buy at 5300 as 5220 will come into play next week. There are many large gamma levels below us. We don’t know which one will trigger a huge slide until after the fact. That’s why they describe trading as “Price discovery” process.
@TradeItUntilYouMakeit2 ай бұрын
The best Macro data analysis on the internet. Thanks Mike we all appreciate your time and energy you put into these videos.
@Themarketchronicles2 ай бұрын
I appreciate that!
@PasirPrism2 ай бұрын
Oil , energy has gone down quite a bit which will soften any CPI number right on time for this.
@MariaPNW2 ай бұрын
Yet another succinct and easy to follow/understand video. I'm a technical day trader, so your analysis that's easy to digest gives me enough foresight to have an edge. Thanks again!
@mmmom6469Ай бұрын
Stock never drop
@mjbucar2 ай бұрын
Thank you Mike.
@FinancialFreebo2 ай бұрын
I just subscribed... Thanks for your knowledge and detailed work...
@Themarketchronicles2 ай бұрын
Awesome, thank you!
@SDJS102 ай бұрын
Thank You !
@adt4222 ай бұрын
Very helpful. Thank you!
@matthewokeefe22862 ай бұрын
Great stuff as usual!
@jjm008112 ай бұрын
Great info.
@Themarketchronicles2 ай бұрын
Glad it was helpful!
@JDdollars2 ай бұрын
thank u sir
@Themarketchronicles2 ай бұрын
Welcome
@KrustyKlown2 ай бұрын
Rate cut will be 1/2%.
@zoro9792 ай бұрын
Nah bro its impossible if fed would do that there would be to much panic
@Felale2 ай бұрын
Monster crash
@KrustyKlown2 ай бұрын
@@zoro979 think your right.. checked a few more sources 1/4pt this month .. and one or two more 1/4pt cuts later in the year (after the election).
@FinancialFreebo2 ай бұрын
@@zoro979I think they would like to, but know it would signal that they are in panic mode...
@Kevin-pk7cm2 ай бұрын
Wishful thinking.
@blank-9642 ай бұрын
Thanks
@Liberty_Valance2 ай бұрын
Thank you! :)
@Themarketchronicles2 ай бұрын
You're welcome!
@viewlesswind2 ай бұрын
to my eyes, that's a head and shoulder right there.
@wavymcfly2 ай бұрын
🔥🔥🔥
@khubaibplaysyt34562 ай бұрын
What you are expecting is cpi data gonna be lower than expected?
@Themarketchronicles2 ай бұрын
that's what swaps say, yes
@OliverMeyer-d6s2 ай бұрын
Thank You for the analysis :) What is the G0025 18M10y BLC2 in min 5:20 ? and why do You need that one as well as the 10 year minus the 2 year? for divergence ? thanks a lot
@Themarketchronicles2 ай бұрын
just something else to look at to get a feel for trends.
@OliverMeyer-d6s2 ай бұрын
@@Themarketchronicles and what does it stand for?
@2cthetruth2 ай бұрын
Rate cut will be 1/4.% I know cause I know let’s just say that..
@lieslceleste33952 ай бұрын
What else do you know?
@sunrizen2 ай бұрын
It is so obvious. The media just likes the drama. Otherwise, no one would buy a ticket to the show if they knew the ending.
@procrustes76692 ай бұрын
LET IT FALL REALLY REALLY HARD...MY 100K LUMP SUM IS HUNGRY FOR UBER GROWTH
@pistolpete2472 ай бұрын
what is he really saying, that in the event the CPI print is higher than estimate, then the market should see that as a positive thing so less likely of a 50bps hike? I'm starting to think market will perceive slight uptick in inflation is a good thing to ward off the narrative that recession is coming to USA
@sunrizen2 ай бұрын
With oil below $70 no one cares about inflation. The rate of cuts is solely being determined by jobs data which currently only justifies a 25bp cut.
@stealthilizer662 ай бұрын
@sunrizen agreed. Rising cpi with weakening job market is nightmare scenario. Stagflation
@Quant4lif32 ай бұрын
I don't think many ppl even look at the fact that most stocks in this market are actually down and that the s&p is narrowly weighted towards a few big names in AI sector which artificially inflates its value. And yet people are still saying a crash is coming. It has been happening for a while. The recession fears caused investors to flee most stocks except nvidia, Apple, meta, etc. I'd anything, the overvalued stocks will fall and we will slowly see a broadening of market....but this will take some time as the market has been fearful or risk averse fot a long time. Ever since late 2021 and covid.
@ALF-wh6in2 ай бұрын
Why do all these videos say inflation is coming down. Inflation is going up just at a slower rate.
@lieslceleste33952 ай бұрын
They’re lazy. They mean the rate of inflation is coming down.
@Themarketchronicles2 ай бұрын
i didn't say it s coming down, i said it was the rate was slowing
@Themarketchronicles2 ай бұрын
which is what i said
@italianmiltyfriedman62642 ай бұрын
Market is starting to price in the possibility of an extremely unfriendly progressive economic policy, the market sentiment shifted as soon as the legacy media went all in on Kamala the savior of democracy. Capital gains tax, higher corporate taxes and price controls. People are taking their money our of stocks until they know they wont get taxed into oblivion
@Themarketchronicles2 ай бұрын
could be true, it robably means it will be a rocky market until november then
@charleswr83592 ай бұрын
50 bp cut is very bad for stock. That will lead to crash.
@Bryan-yq9pz2 ай бұрын
Exactly, market will pluge 70+% with a 50bp cut
@Muircure2 ай бұрын
@@Bryan-yq9pz more like 90%
@Muircure2 ай бұрын
What are the best strategies to protect my stocks portfolio ? I've heard that a downturn will devastate the financial market and make homless so many people, so I'm concerned about my $200M stocks portfolio.. help me i am scared
@Bryan-yq9pz2 ай бұрын
@@Muircure Just double down. If you are scared, that's a sign to go all in. Remember rule#1 When others are scared, Be GREEDY.