Introduction The Nasdaq 100 (NQ) has powered into new all-time highs (ATH), breaking above the 24,068 resistance and climbing to 24,720. The move confirms continued bullish strength in tech, but momentum is stretched, leaving the index vulnerable to a short-term cooldown. Technical Update Key Levels Level Type Note 24,720 Resistance Current high, extension point 24,068 Read More…
Introduction The S&P 500 E-mini (ES) continues to push higher, posting new gains after bouncing cleanly from its mid-summer consolidation. While the uptrend is intact and strengthening, the market has entered overbought territory on RSI, meaning that the pace of the rally may slow in the short term. Technical Update Trend StructureES has surged to Read More…
Oil prices edged higher on Thursday, a day after the Fed lowered borrowing costs by 25 bps as expected, while markets were optimistic about a fall in crude inventories. However, downward pressure came from concerns about the state of the US economy. After much speculation and anticipation, the Fed finally cut interest rates on Wednesday. Read More…
Equities gained on Monday as market participants eagerly awaited a likely Fed rate cut on Wednesday. However, the outlook for future rate cuts remains uncertain as it will depend on how the Fed views the recent weakness in the US labor market. At the same time, the rally came amid optimism over Tesla stock after Read More…
Gold prices retreated on Wednesday as investors booked profits ahead of the FOMC policy meeting. The decline also came as the dollar strengthened briefly after upbeat retail sales data in the previous session. However, Fed rate cut expectations remained elevated. Gold has rallied to all-time highs in September amid an increase in expectations for lower Read More…
Introduction Gold has extended its rally, clearing previous resistance levels decisively. However, while the trend remains bullish, momentum indicators are starting to flash potential caution signals. The market is entering a zone where prior rallies have faced profit-taking, making this a key zone to watch. Technical Update Key Levels Level Type Note 3,715 Resistance Latest Read More…
