Introduction Are we about to see the start of the next bullish move in Bitcoin? It has been nearly 12 months since the last Bitcoin peak. The previous major bear markets lasted roughly 12–14 months from peak to bottom, and if the cycle repeats itself, we are approaching that time frame within the next month. Read More…
Introduction Crude oil futures are still bullish on the daily chart, but the rally is testing major resistance around 102 to 105. The breakout above the 91 to 92 zone has accelerated sharply, and on this session price is about 100.97 after tagging as high as 104.46. CL has now reached its highest level since Read More…
Introduction Dow Jones futures are sitting above a clear support zone at 51,938, and there is a slight bearish bias in US equities right now. On the 10 September session price is 52,601. Price has also slipped under the 50 moving average at 53,120, which is now resistance. Until support breaks or holds, trade the Read More…
Introduction Gold futures bounced out of the support zone around 4,000, the turquoise rectangle on the chart, and that bounce ran into more or less a 17% rally. From the previous high on 25 August we’ve had a small pullback of about 8%, which is a 50% retracement, and that’s a good place to see Read More…
Introduction This is a follow-up to the 3 September analysis, where NQ was sitting on the 29,000 support zone with a morning star on the daily chart. That bounce has held. The morning star formed on the Wednesday session and confirmed on the Thursday green day, and that Wednesday close was 1.16% up. On the Read More…
Introduction Crude oil futures are testing a resistance band around 91 to 93. On the 4 September session price was 90.84 after tagging as high as 92.16 inside that zone. The Primary setup from here is a short off that resistance, with a stop just above Thursday’s session high at 93.15 and a target around Read More…
