Monica Kingsley

Articles by Monica Kingsley

Stocks versus key resistances – that’ how much of last week’s trading could be characterized. Yet the bullish bias has been easily noticeable as prices kept making higher highs and higher lows on a daily basis. As a cherry on Friday’s...
Stocks have closed between two strong resistances yesterday – between the upper border of March’s gap and the 61.8% Fibonacci retracement. But the overnight rise in US-China tensions (this time, regarding Hong Kong), sent the S&P 500...
Yesterday’s session did away with the non-confirmation of last week’s reversal from the 50% Fibonacci retracement. Junk corporate bonds lent their support to the stock upswing, and the S&P 500 closed above the 61.8% Fibonacci...
Neither on Thursday, nor on Friday did the bears manage to break below the 50% Fibonacci retracement. Stocks rebounded, albeit less convincingly than on Thursday. Or was it convincing enough? Let’s examine both sides of the story to assess...
Just when it appeared that the bears will get a third consecutive daily close lower, stocks rebounded from the 50% Fibonacci retracement. Having stabilized and adding to the intraday gains within the final hour before the closing bell,...
It turned out that the late Tuesday Kaplan and Kashkari pronouncements were an opening act in yesterday’s Powell appearance. Fed Chair’s realistic and grim assessment just served to put pressure to throw yet another lifeline to the real...
Right after the open, stocks took again on the 61.8% Fibonacci retracement, but retreated. Trading around the 2910 mark in a tight range, it appeared as base-building for the decisive push above the resistance. Instead, stocks fell through...
Stocks opened yesterday with a bearish gap, yet the 50% Fibonacci retracement withstood the test, and the bulls staged a comeback. Let’s dig deeper into the health of the comeback – does it mark a reversal?

S&P 500 in the Short-Run...
Despite opening with another bullish gap, the buyers just could push stocks higher yesterday. But the futures have rebounded in the overnight trading, so can the S&P500 upswing continue now?

Let’s check yesterday’s developments on...
Stocks appeared to be making a decisive move higher yesterday, and then a sharp move lower struck. Did it have a catalyst, and if so, what can we make out of today’s premarket upswing? How does it reflect on the technical outlook for...

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