The US economy’s strength stoked concerns about the prospect of higher rates. US services industry activity unexpectedly increased in November. The market anticipates the terminal rate to increase to 5.001% in May, up roughly nine basis points from last week. Global equities rose slightly on Tuesday after Monday’s decline as fresh indications of the US Read More…
There is a powerful order block at $1,900 that we are watching closely. Potential long opportunities found on the daily chart. Fisher Transform analysis on the 4-hour chart. Order Block At $1,900 We learned a lot about order blocks from Jipson’s interview; if you haven’t seen it, you can do so here. He withdrew over Read More…
Investors are growing more optimistic about China’s reopening. US firms created 263,000 jobs in November, well over estimates of 200,000. The Fed will likely increase rates by 50bps at the next meeting. Currency futures prices rose on Monday as the US Dollar failed to gain traction and wallowed at five-month lows. The traders downplayed the Read More…
Crude Oil (CL) futures fakeout from last week as price rallies back into the Parabolic channel. The Bears have a 1-2-3 reversal and resistance zone to work with. Bulls have an Inverse Head and Shoulders and the Parabolic channel in their favor. Dead Cat Bounce After we saw CL drop below $76.25 last Monday, the Read More…
Data revealed that manufacturing activity in the United States shrank in November. The PCE price index grew 6.0% in the year ending in October after rising 6.3% in September. Precious metals may benefit from Friday’s jobs data meeting or falling short of expectations. After a rough day on Thursday, precious metals pulled back slightly on Read More…
The Bull target for ES at 4,105 has been hit. Market in anticipation of the Feds meeting on December 12. A bull flag pattern has been spotted on the hourly chart. Bull Target Hit From Last Week’s Analysis Last week we mentioned the possibility of ES rallying up to the top of the downward trend Read More…
