Introduction Dow Jones futures continue testing the record highs after successfully breaking above the previous all-time high earlier this week. In our last analysis, we highlighted the importance of the 50,900 level as buyers attempted to push into price discovery. Since then, YM has done that, but has not broken through with conviction. The current Read More…
Introduction Gold futures have started to show some signs of weakness since our previous analysis. Since topping out near the 5,650 region, price has slowly moved lower while forming a series of lower highs on both the daily and weekly charts. Right now, Gold futures are trading around 4,418 after breaking beneath an important support Read More…
Introduction Canadian Dollar futures have started to weaken as the U.S. dollar has strengthened. After several attempts to push higher, sellers stepped back in near the 0.7375 area, and price has slowly drifted lower since then. Right now, 6C is trading around 0.7240 and has slipped below both the 50-day and 200-day moving averages. Let’s Read More…
Introduction S&P 500 futures continue pushing higher as ES grinds toward fresh highs following the aggressive recovery from the April lows. Buyers remain firmly in control of the broader trend, with price continuing to hold well above both the 50-day and 200-day moving averages. The current daily chart shows ES trading around 7,529 after reclaiming Read More…
Introduction Dow Jones futures have now broken above the previous all-time high near 50,900, confirming the bullish breakout setup we looked at in our previous analysis. Following several weeks of a consolidation period buyers finally pushed YM into new highs heading into the final week of May. While the Dow lagged behind Nasdaq during April Read More…
Introduction Gold futures could be forming a symmetrical triangle pattern as GC trades between major support near 4,440 and the descending trend line resistance from the February highs. After the explosive rally earlier this year that pushed gold into new all-time highs above 5,600, momentum has cooled as the conflict in the Middle East began. Read More…
