$SPY (SPX500/USD) 👀 - 🚨Market Update: 09/02/2022 🚨
💎 After the release of the NonFarm Payrolls ( #NFP ) data this morning the US Currency Index ( #DXY ) tanked and stocks and cryptocurrencies rallied.
💎 This is due to the following key takeaways from release, as follows:
✅ (Positive) US Employers added 315,000 payrolls, exceeding the expected 300,000 payrolls.
🩸 (Negative) US Employment rate rose from 3.5% to 3.7%.
💎 Regarding the S&P 500 Index specifically, leading up to today’s NFP release the market had been previously seeking and destroying lower price targets and objectives. Therefore, I am not surprised to see the Dollar tank and Stocks/Cryptos rally, as both need to perform equilibrium pullbacks before reversing to complete one more impulse back in the opposite direction.
💎 I am expecting for us to run the liquidity (stop hunt) above $4,013 to $4,015 before we might start seeing signs of #distribution , before a reversal to mitigate out of the 1h Institutional Sell Candle before moving the market back higher.
💎Timing is key! I cannot say this enough. Price doesn’t know time and time doesn’t know price. Be patient, follow the rules, your trading/investing plan and profitable is in your near future. Trust me!
💎 As always, don't take my word. Do your own research first. Investing involves risks and you accept those risks on your own everytime you enter the #markets.
📊 To View or Save My Chart:
#longterm #possabilities #alittleatatime #buildandgrow #time4change #invest #buythedip #staystrong #evs #accumulation #technicalanalysiswanted #technicalanalysis #daytrader
💎 After the release of the NonFarm Payrolls ( #NFP ) data this morning the US Currency Index ( #DXY ) tanked and stocks and cryptocurrencies rallied.
💎 This is due to the following key takeaways from release, as follows:
✅ (Positive) US Employers added 315,000 payrolls, exceeding the expected 300,000 payrolls.
🩸 (Negative) US Employment rate rose from 3.5% to 3.7%.
💎 Regarding the S&P 500 Index specifically, leading up to today’s NFP release the market had been previously seeking and destroying lower price targets and objectives. Therefore, I am not surprised to see the Dollar tank and Stocks/Cryptos rally, as both need to perform equilibrium pullbacks before reversing to complete one more impulse back in the opposite direction.
💎 I am expecting for us to run the liquidity (stop hunt) above $4,013 to $4,015 before we might start seeing signs of #distribution , before a reversal to mitigate out of the 1h Institutional Sell Candle before moving the market back higher.
💎Timing is key! I cannot say this enough. Price doesn’t know time and time doesn’t know price. Be patient, follow the rules, your trading/investing plan and profitable is in your near future. Trust me!
💎 As always, don't take my word. Do your own research first. Investing involves risks and you accept those risks on your own everytime you enter the #markets.
📊 To View or Save My Chart:
#longterm #possabilities #alittleatatime #buildandgrow #time4change #invest #buythedip #staystrong #evs #accumulation #technicalanalysiswanted #technicalanalysis #daytrader