Introduction Crude Oil futures continue to rebound from the $55–56 support zone, with price now pressing into the mid-$60s. The bounce has been steady rather than explosive, but bullish action is clearly improving on both the daily and weekly timeframes. After months of lower highs, the bulls are attempting to find a way higher and Read More…
Introduction The U.S. Dollar Index (DXY) is attempting to stabilize after another rejection from the 101.90–102.00 resistance zone. Price recently swept below 96.00 before quickly reclaiming support in the 96.00–96.50 region — a level that has now held multiple times over the past several months. Momentum has turned slightly constructive in the short term, but Read More…
Introduction S&P 500 E-mini futures have pulled back from the 7,000 area after multiple tests of resistance. This was the formation of the ATH too, and now the price appears to be in a range between 6,800 and 7,000. There is some profit-taking happening which is why ES is no longer forming higher highs and Read More…
Introduction Dow Jones E-mini futures continue to grind higher, pressing back toward recent highs near 50,000. Unlike the more volatile NASDAQ, the Dow’s rally has been steadier, a trend followers dream. However, momentum is no longer expanding aggressively. The market is advancing but doing so in a more controlled, mature fashion. Each time the 50 Read More…
Introduction NASDAQ 100 E-mini futures are showing signs of exhaustion after forming a double top structure near the 26,000 area. Price has now rolled over from that resistance zone and is slipping back below the 50-day moving average. Momentum has weakened noticeably, and the trend is no longer higher highs and higher lows but a Read More…
Introduction Crude Oil futures have rebounded from the $55 support zone and are now pushing into the mid-$60s. The move higher marks a clear shift in the short-term trend, but the bigger picture remains more complex as CL has struggled to find clear bullish power. The range-bound price action in the longer term has meant Read More…
