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10/06/21 10:53
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Posts
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The US debt ceiling deal has cleared the first hurdle, with the House of Representatives passing the bill to raise the ceiling. The deal now moves to the Senate, which is also expected to pass the measure, staving off a US default. Stocks in Asia made headway, and futures are pointing higher in Europe and the US. Meanwhile, in China, the Caixin manufacturing PMI sneaked back into expansion territory, allaying some of the fears about a broad slowdown in the Chinese economy. More PMIs next week, along with inflation and trade data, will provide additional insight into the Chinese economy. Expectations for a Fed move in June have dropped back sharply after vice-chair Jefferson said that he favoured 'skipping' a June hike, while softer CPI data in Europe have seen ECB tightening expectations drop too. Further eurozone inflation data is scheduled for today, along with the ADP report (delayed a day due to Memorial Day in the US), weekly jobless claims, the ISM manufacturing PMI and weekly crude oil inventories. -
By tradinglounge · Posted
United Parcel Service Inc., Elliott Wave Technical Analysis United Parcel Service Inc., (UPS:NYSE): Daily Chart, 1 June 23, UPS Stock Market Analysis: Looking for further downside into wave {c} to then complete overall correction in wave 2. UPS Elliott Wave Count: Wave {c} of 2. UPS Technical Indicators: Above 200EMA. UPS Trading Strategy: Looking for further downside into wave {c}, if we were to break north of wave (ii) we could see wave count invalidation. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! United Parcel Service Inc., UPS: 4-hour Chart, 1 June 23 United Parcel Service Inc., Elliott Wave Technical Analysis UPS Stock Market Analysis: Looking for downside into wave (iii) to start unfolding as we seem to be moving lower into wave iii. UPS Elliott Wave count: Wave iii of (iii). UPS Technical Indicators: Below all averages. UPS Trading Strategy: Looking for downside to start unfolding fast, otherwise we could be in a leading diagonal in wave (i). -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 1 June 23, Binance coin/U.S.dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (C) of Motive Details: Wave 5 is equal to Wave 1 at the 298.3 level. Wave Cancel invalid level: 220.0 Binance coin/U.S.dollar(BNBUSD)Trading Strategy: There is still a risk that the price will fall further due to The sub-wave within the wave (C) is incomplete. This corresponds to the price being below the MA200 line, so wait for the wave. (C) Done to join the trend again. Binance Coin/U.S.dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 1 June 23, Binance coin/U.S.dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (C) of Motive Details: Wave 5 is equal to Wave 1 at the 298.3 level. Wave Cancel invalid level: 220.0 Binance coin/U.S.dollar(BNBUSD)Trading Strategy: There is still a risk that the price will fall further due to The sub-wave within the wave (C) is incomplete. This corresponds to the price being below the MA200 line, so wait for the wave. (C) Done to join the trend again. Binance Coin/U.S.dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum.
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