Introduction This is a follow-up to the 14 July analysis, where a close below 29,300 was flagged as the trigger for a deeper pullback, with 28,900 as the first target and the 200-day MA further below that. That scenario has now played out and gone further than the initial target — NQ closed at 28,707.50 Read More…
Introduction Crude Oil has bounced this month after dropping from highs of around $105 earlier this year to below $70. We know this was all driven by the conflict in the Middle East, and as the markets digested what was going on, now this bounce is another attempt for CL to get back up testing Read More…
Introduction This is a follow-up to the 6 July analysis, where the call was for a shallow pullback after the breakout to new highs, with 52,500 and the 50-day MA flagged as the levels to watch for a bullish reaction. That’s largely played out — price pulled back after tagging the low-53,000s, held above 52,500, Read More…
Introduction NQ closed at red to start the week off, below its 50-day moving average (29,801.12) for the first time since this leg of the rally began. Price also dipped as low as 29,303.25 intraday, testing the rising trendline off the recent triangle before bouncing back. Combined with a bearish MACD reading, this is the Read More…
Introduction Nikkei futures printed a sharp reversal day today on Monday the 13th of July, opening at 69,070, pushing up to 69,225, then selling off hard to close at 67,355 near the session low. That’s a wide-range bearish candle after a strong multi-month uptrend, and it’s testing the 50-day moving average at the moment. Looking Read More…
Introduction S&P 500 futures are retesting the underside of their June swing high after reclaiming the 50-day moving average on the pullback. Price is currently at 7,581.25, just below the 7,650 area that capped the rally in early June. It is an important zone now, there are some flags forming on lower time frames, so Read More…
