Overview and Market Sentiment:Gold has been in a powerful uptrend this year, with the current chart showing the continuation of bullish momentum following a classic bull flag pattern formation. As of September 2024, Gold futures are trading at $2,528.4, up by 0.15% for the session, and showing no signs of immediate weakness. The key technical Read More…
Current Overview and Market Sentiment:The S&P 500 futures chart is showing signs of exhaustion after an impressive rally over the past two years. As we approach September 2024, the market is showing clear indications of bearish divergence, warning us of a possible trend reversal or significant correction in the coming weeks. Price Action: The S&P Read More…
Technical Analysis: Descending Channel: The primary structure in play is a descending channel, which has kept price action constrained between roughly $75,000 and $50,815. Until Bitcoin can decisively break out of this channel, the prevailing trend remains slightly bearish in the medium term but still bullish in th belong term. Potential Support Levels: Short-Term Outlook: Read More…
Introduction The E-Mini Russell 2000 Index Futures, often seen as a bellwether for small-cap stocks in the U.S. market, is currently positioned at a point where it could swing bullish or bullish with volatility. As all markets around the world continue to surge at a time when political and economic unease is high, technical analysis Read More…
Introduction Crude Oil futures have declined into a year-long support zone, which we will analyze below. There are a few fundamentals that have led to this drop, including OPEC news and weak economic data from China. For now, we will focus on the technical analysis to see if we can find any clues on the Read More…
Technical Analysis Moving Averages: Recent Price Action: The price has recently faced resistance near the 50-day moving average as bulls tried to push prices higher and has pulled back slightly. This rejection from the 50-day moving average shows selling pressure at these levels. Market Sentiment: The overall trend before the recent pullback in July was Read More…
