Technical Analysis

E-mini S&P 500 futures (ES) gearing up for bullish break

Overview ES has been stuck in a tight consolidation since the beginning of April. There was a steep move up just before the consolidation phase started, which leads me to believe we could be preparing for a bullish breakout. The range is between $4,062.75 and $4,210.75. The rally prior resembles a poll, so what we Read More…

nasdaq futures
Technical Analysis

Nasdaq futures (NQ) show signs of bearish divergence

Technical analysis RSI: The rsi is the indicator showing bearish divergence in the daily chart. Looking at the chart below, the divergence is strong, and this tells us that we shouldn’t consider taking long positions. Squeeze: The price action has been squeezing toward the top of the recent move. This indicates less buying pressure is present, and Read More…

Technical Analysis

Euro FX futures (6E) stall as resistance band forms

Technical analysis MACD: The MACD is in the red on the daily chart showing some divergence. The buying pressure is weakening and is being translated for us easily in the MACD histogram. Price: The Euro has begun to for a rolling over pattern as it struggles to break above 1.106. We can see from the chart that Read More…