Introduction Russell 2000 futures continue to quietly outperform after the sharp recovery from the April lows. While the S&P 500 and Nasdaq have received most of the attention, small caps have steadily climbed higher, pushing into fresh yearly highs. The price remains firmly bullish, though it might not be as strong as the rally we Read More…
Introduction Silver futures have moved exactly where the risks were pointing in our June 4 analysis. At the time, we noted that buyers needed to defend the 250,000 ($25/oz) support area to maintain the longer-term bullish structure. Instead, silver continued drifting lower throughout June and has now broken beneath both the 250,000 level and the Read More…
Introduction Gold futures continue to follow the bearish roadmap we have outlined throughout June. In our June 10 and June 17 analyses, we looked at how the breakdown below the 4,400–4,450 support zone shifted control firmly toward sellers and exposed the March swing low near 4,165. While buyers initially managed to hold this support, the Read More…
Introduction Since our June 16 analysis, crude oil has done exactly what we suggested was the most likely outcome. Rather than immediately breaking lower toward $70, buyers stepped in at the $74-$76 support zone and managed to stabilize price. This support area was the last major level we highlighted before the 200-day moving average near Read More…
Introduction The U.S. Dollar Index continues to grind higher after spending most of the first half of the year trapped inside a broad consolidation range. While the move is not explosive, it is one of the stronger bullish stretches we have seen from DXY in several months. U.S. equities rebounded sharply on Thursday, with the Read More…
Introduction Euro FX futures are approaching an important zone on the daily chart after several weeks of steady selling pressure. Since peaking in April, 6E has consistently produced lower highs and lower lows, keeping sellers firmly in control of the short-term trend. What makes the current setup interesting is that price has now returned to Read More…
