Weekly chart Volume profile: The point of control for the volume profile, if we measure from the first trading day of the year up until now, is $72. This is the price at which the entire year had the most trading volume. It is likely to act as a magnet for price as it has Read More…
Introduction: NQ has shown remarkable resilience, surging 53% since its lows in October last year and currently hovering only 7% below its all-time high. With the 50-day moving average sloping upward and the Relative Strength Index (RSI) sitting at 60, bullish momentum is evident. Moreover, the Accumulation/Distribution Line (ADL) is at 1400, indicating increased buying Read More…
Trade Recap Last week we looked at a potential long trade in the Dow Jones futures as price was bouncing off the diagonal support line for the ascending triangle on the daily chart. The market has bounced powerfully since that analysis, with an excellent risk-reward ratio position playing out right now. Take a look at Read More…
RTY stats The Russell is up 10% YTD and up 21% since the recent low made in October of last year. For the daily chart, technicals overall are bullish and are calling for buys only. The chart appears overbought, however, and the long trade might be a bit exhausted at this point, so let’s take Read More…
Introduction As the Dollar’s slump continues, we have seen the majority of currencies rally. 6J is no exception and has rallied 4.3% in July. This has formed a symmetrical triangle pattern on the daily chart, which we can monitor for the next few weeks and months. There are also other technical patterns we can look Read More…
Recap It has been two months since we did the analysis on ES breaking out of the neckline. Since then, ES has rallied 10%, and that trade has been in profit ever since. Let’s take a look at where we see ES going in the near future, but before we do, take a look at Read More…
Recap In the analysis we did on June 28th, the Euro has rallied over 3%, shooting right through the resistance zone high of $1,11. The RSI is also overbought on the daily chart, but there is no significant trend in tact. This tells us that we should avoid searching for long entries at this point. As Read More…
Intro The Dollar has finally broken below the support level of $101.2. This level has held since January of this year and is also the 50% Fib level if we measure the retracement from January 2021 to the high in September of last year. DXY appears very weak on the chart, and bears look to Read More…
Bullish momentum NQ has rallied 47% since the low made in October of last year, and the bullish momentum shows no signs of slowing down. I see no bearish case for Nasdaq at this point. Let’s take a look at the technicals and if we see NQ reaching all-time highs in the next few weeks Read More…
Weekly Chart The weekly chart shows a series of bullish candlestick formations. Long wicks to the downside show that there is a high demand for gold even when the sellers try to push the price down heavily. We can take note of this as a bullish signal. There has also been a slight decrease in Read More…
