Market Technician

  Week Ahead: 12 May 2025 U.S. markets were largely flat as investors awaited the outcome of trade negotiations between Washington and Beijing over the weekend. The Fear & Greed Index is currently in 'Greed' territory — not a bearish signal, but short-term long (bullish) positions should be approached with caution. Medium Term:  S&P 500 (SPX): The S&P 500 Index traded within our expectations, within the 5,350–5,550 range. Market could go with directions from here. We will be closely monitoring for signs of demand and supply as the range continues to develop. Traders could buy near 5,350 with tight stops below 5,300, sell into strength near 5,550–5,580 resistance. Or wait for breakout confirmation for directional follow-through — upside target 5,780 on a break above 5,580 Hang Seng Index (HSI): Our China Market Long-Term Cycle Indicator continues to signal an upward trend.  The Hang Seng Index (HSI) has reached and surpassed our 22,800 target, continuing to tra...

  Bitcoin Reaches Our Price Target: A Recap from the Mastering Market Trend Webinar Following up on our E arlier Post after the Mastering Market Trend class, we observed a shift in demand and supply dynamics in late April, within the context of a three-month downtrend that extended from January to April 2025. After breaking above the outer boundary of our regression channel, price continued its upward movement (Demand > Supply), trending toward our first and second target levels. Demand remains in control. In the absence of significant supply, price may consolidate at current levels and potentially break above its all-time high (ATH) of USD 109,300. We continue to monitor closely for any signs of emerging supply. Disclaimers apply