Technical Analysis Once gold reached a high of $2,085 this year, we saw an 8.8% retracement a few weeks back. GC has now settled at $1,960.3, and the price action is forming a rectangle formation that could send it soaring or crashing with great volatility. The last time we looked at Gold, we noted an Read More…
Recap August 18th was the last time we looked at NQ. The market was retracing after a strong bull trend that lasted the entirety of this year. Just as we expected, the drop was only a correction and provided us with opportunities to go long. The correction was much needed as the market’s most significant Read More…
Weekly Chart A quick look at the weekly chart shows that CL has found the point of control level for the volume profile indicator as support. The market surged through the POC initially a few weeks prior, retraced to test it, and bounced, now trading 5.7% above it. If you look at the chart below, Read More…
Recap The last time we looked at T-bond futures was at the beginning of August when we expected price to move lower into a support zone. This happened last week as ZB touched last year’s lows. Let’s see where we expect price to go from here after the support zone successfully held. Technical analysis As Read More…
Introduction The pullback in equities might be coming to an end, as ES spiked 1.6% on Tuesday. The retracement seen on the daily chart was over 6% from the local top, and the recent bullish price action gives us confidence in being able to take long positions. Let’s re-look at the inverse head and shoulders Read More…
Dollar rallies into resistance zone The Dollar has been on a tear for the past two months, rallying 5% against a basket of currencies. That’s its greatest two-month performance since last year. Looking at the technicals, DXY is currently in a critical spot, trading within a resistance zone. Fundamentals and the macroeconomic environment have been Read More…
