AssetHawk Technologies

October 2022 Overview


Overview of current Financial Trends


  • Market is greatly playing the seasonality trend., More interestingly, USA market gained 12% from its recent lows in 12 trading days. This is an example of Bear market rally., and the reason being, looking back in March 15th 2022 time period ., similar trend appeared, which took the S&P 500 from 4150 to 4600 Level in a matter of 20 days and started reversing before a major bounce in August.

The Upside Levels for this Levels being

Daily: $411,$404

Weekly: $418,$405

Monthly: $422,$402

  • The most recent indicator suggests, it has a very less probability to close above $402 on a monthly closing basis. So keep a close look on the very strong resistance around $400 -$405 Level. If it breaks above the mentioned level., then it will confirm a trend reversal. As said, we are in a bear market until the trend is flipped.


Chart:

Underlying reasons:


  • Fed is raising interest rates., Is there any change for dovish stance in inflation from fed?


  • Will the Fed let the inflation around 8% or 2% ?


  • If so., how much time it will take for the fed -> longer haul or in shorter time frame.

      • When ever, fed encounters this scenario’s it is very easy to break the things to one or other side.


  • Will they get political backlash., for their monetary policy stance in the future by the democrats?


  • Current Anticipation., 4.5% by February 2023.