NQ prices dropped 8% this week. Bart pattern spotted on 1-Hourly time frame with a high volume spike Bearish market conditions persist. NQ Suffers an 8% Price Drop We saw the Nasdaq suffer an 8% drop this week, going from $11,600 to $10,080. The sell-off began on Monday but was spurred on by the Fed’s Read More…
Year: 2022
US Labor Market Remains Resilient Amid Rising Interest Rates
The rising US Dollar puts pressure on gold prices after Powell’s hawkish comments. The US labor market is still showing strength despite rising interest rates. The ISM non-manufacturing PMI dropped to 54.4 in October, the lowest level since May 2020. Following hawkish comments from Federal Reserve Chair Jerome Powell, Gold (GC) futures prices hit a Read More…
Dollar Index Rallies Amid Fed’s Rate Hike
The US Dollar has rallied 18% this year due to an aggressive interest rate policy. Correlation between the Dollar and the Equities Futures markets. Technical Analysis on the US Dollar. Dollar Likely To to Remain Stronger The US Dollar has rallied this year by more than 18% due to the aggressive policy outlined by the Read More…
Oil Prices Rise Despite a Stronger Dollar
Oil prices held steady after the Fed’s rate hike as other risk assets fell. A decrease in U.S. oil inventories pointed to a rise in demand. OPEC production went down in October, raising global supply concerns. Crude Oil (CL) futures prices increased on Wednesday despite declines in other risk assets after the Federal Reserve’s fourth Read More…
A Funded Traders Scalping Strategy That Earned Him A $150K Funded Trading Account
Who Is He & Why He Chose OneUp Trader Alex C, a trader from Florida received funding In June of 2022. He chose the $150K account because he felt it was the account that gave him the most bang for his buck. OneUp Trader’s flexible rules, 24/7 support desk, and free data once funded are Read More…
Euro (6E) Futures: Technical Outlook Pending Fed Rate Decision
The Fed rate decision and press conference may heighten market volatility. The bullish breach above the trend channel has not significantly changed market sentiment. An analysis of the 1-hourly chart. Fed Day Today is a very big day for the markets as the Fed will announce its rate decision with expectations of a 75 basis Read More…
Equity Index Futures prices Decline Amid Tight US Labor Market
The US labor market remains tight, with job vacancies rising more than expected. A tight labor market means still-high inflation dashing hopes for a Fed pivot. US industrial activity grew at its slowest pace in over 2-1/2 years in October. The prices of major equity futures indexes, including the E-mini Nasdaq-100 (NQ) futures, fell as Read More…
Technical Analysis: E-mini S&P 500 (ES) Rallies Off Lows
The weekly chart shows a bullish false-break candlestick formation. Analyzing the support/resistance band on the 4-Hourly chart. A look into the 1-Hourly trend channel. False Break Candle The false break candle strategy is one we are familiar with at OneUp Trader, and for a good reason – its reliability! The pattern works because when the Read More…
Equity Index Futures Prices Climb Ahead of FOMC Report
Investors anticipate slow-paced global rate hikes. US businesses reported poor quarterly earnings last week. Markets are holding their breath ahead of Jerome Powell’s press conference. Major equity index futures prices, including the E-mini S&P 500 (ES), continue climbing amid a broader market rebound. The Federal Reserve’s upcoming meeting could reveal how long it will stick Read More…
Parabolic Curve Retest and Inverse Head & Shoulders on Crude Oil (CL) Futures Chart
The parabolic curve on the CL chart continues to act as support. A Potential inverse Head & Shoulders formation on the 4-Hourly time frame. Point of control volume profile acting as resistance. Daily Chart Recap From last week’s multiple tests of the parabolic curve, CL is repeating the same tests once more, with the price Read More…