Technical Analysis ES has been in an uptrend this year, and after a sizeable pullback of 8.8% from the recent local top, it appears that the low might be in and could be the opportunity that bulls have been waiting for. Yesterday (Monday, October 10) price action formed a morning star candlestick pattern, and if Read More…
Recap The last time we looked at the US Dollar (DXY), we noticed the strong price action and bullish up trend. Before we look at the new developments in the Dollar, let’s understand what it means for us as traders and investors. A stronger Dollar typically has an inverse relationship with gold, crude oil, and Read More…
Quick Recap Last week, we looked at Gold, and the bearish stance we took has proven to be correct, as the $1,831 target has been hit. Unfortunately, however, it was a difficult short trade to take because GC only painted red candles after the analysis, thus giving us no entry on a retracement. Moving forward, Read More…
Technical Analysis CL made a top last week of $95.03 and has retraced 7.4% since then. This is a welcome sight for traders who missed the move from $67.05 up to $95.03 as it gives possible entry opportunities, which we will look at now. Entry Opportunities An upward-sloping trend line connects the low made in Read More…
Introduction Prices of ZB (30-year US Treasury bond futures) go down when buying of bonds accelerates due to the inverse relationship between bond prices and yields. When demand for bonds increases, buyers compete to purchase available bonds, driving bond prices higher. However, as bond prices rise, the fixed coupon payments become less attractive relative to Read More…
Introduction Last Friday NQ closed the week’s session in the form of a spinning top. The price action is mixed, but there is a case that looks stronger for bulls than for bears from here. The reason is due to the large uptrend we have seen in equities this year, as well as the small Read More…
