Introduction In our September 15 analysis, we were watching for another push higher after crude’s strong rally. That continuation has not followed through, and after a week of trading, price is back in the low 90’s. We now focus on whether buyers can hold this level or if we see a further drop to the Read More…
NQ Follow-Up: Rally Confirms the Breakout Above 30,640 NQ has confirmed its breakout, and we are closing in on the all-time high. Yesterday’s session, 21 September, rallied 2.90% and has already broken above the resistance at 30,640. Now, bulls are looking for a continuation and not a stall, as ATH sits only 2% away. 30,640 Read More…
Introduction It has been about 4 months of consolidation in US equities if looking at the weekly or daily chart. Now it looks like NQ is starting to break out. The volume is high, resistance has been broken, and the price is starting to settle into a trend instead of being stuck in a range. Read More…
Introduction The S&P 500 is testing the 50-day moving average after a small pullback of 4% since the end of August. We are looking at a market that is bullish long-term and requires finding the bottom or waiting for confirmation that the trend has reversed. With some big tech names coming out with earnings in Read More…
Introduction Silver futures are testing an important support level, which could shape the trend for the next few weeks. Silver and Gold are very closely correlated but there are often times we see silver act as a leverage play for gold and the metals in general. This is one reason why this level is so Read More…
Introduction Euro futures are testing an important support zone around 1.1550–1.1580 after the August recovery stalled near 1.1750. Price is trading around 1.15810, putting the market at a decision point: holding this area would preserve the possibility of another recovery, while a confirmed breakdown would expose the summer trading range below. This support zone could Read More…
