Introduction As the Dollar continues to be at the forefront of the news due to Fed policy, is it time for it to drop once more? DXY has lost 13% of its value since the high was made back in September of last year (See chart below). Keeping this purely technical, let’s look at a Read More…
Introduction The most prominent feature on the Gold chart the last time we looked at it was the danger of a triple top formation on the weekly time frame. This is still a worry for the bulls but there is some hope for them in the form of a parabolic curve and a minor support Read More…
Recap The last time we looked at NQ was July 21st. Price was surging toward resistance at the all-time high of $16767. NQ dropped shortly after that article, not making another high since then. We have seen a healthy pullback of 5.7% since then, so the question arises, what is the best way to play Read More…
Recap In last weeks analysis of RTY, we saw that the Russell was at a critical point where it was testing the point of control line for the volume profile indicator, the 50% fib retracement, and a major resistance level. We knew that there would be a lot of buying pressure required in order for Read More…
Introduction As with most equities this year, YM has seen a resilient surge of 23% since last year’s lows made in October. The ascending triangle pattern on the daily chart has been the primary focal point for our technical analysis as we try to find favorable risk-reward ratios and high-probability trades. Let’s take a fresh Read More…
Introduction: ES has surged an impressive 32% since its lows in October last year, showcasing robust bullish momentum. The upward-sloping 50-day moving average, standing significantly above the 100-day moving average (at $4440 and $4265), further bolsters the optimistic outlook. Although the Relative Strength Index (RSI) has slightly cooled down to 55 from 70 a week Read More…
Introduction We know that when uncertainty exists in the marketplace, and people want to protect their money, bond yields will go down. In this technical article, we will focus on ZB and how we can profit from potential market moves by looking for high probability and high risk-reward ratio trades. Technical analysis The weekly chart Read More…
Recap The resistance zone we analyzed last week has finally been hit as the bulls pushed the price up 22% since its recent local low made in June. Crude has largely been stuck in a range between $67.26 and $80.74 for the entire year as we eagerly await the potential break out. The question is Read More…
Introduction: RTY has surged 22% since its lows in October last year, showcasing the strong bullish momentum. The upward-sloping 50-day moving average and an RSI of 62 reinforce equities’ optimistic outlook. Currently trading on the point of control line for the volume profile indicator, RTY faces a resistance zone just above the 2000 level, coinciding Read More…
Introduction: Based on the daily chart, this technical analysis of T-Bond Futures (ZB) will examine the recent price movement, key technical indicators, and potential trading opportunities. Throughout the year, ZB has experienced relatively flat price action, lacking a clear trend. The 50-day moving average sloping downward and the price trading below it suggests the presence Read More…
