Weekly Chart Observations: ES has been getting out of hand lately and just continues to rally no matter what. The Alligator indicator has the Lips (4821.50), Teeth (4733.71), and Jaw (4631.17) fanning out, which confirms the trend strength. Taking shorts now is highly risky and the only thing that could stop this market from going Read More…
Weekly Chart: The price action is hovering above an established multi-year support zone that is the main point for the bull’s case. The Alligator indicator shows the Jaw, Teeth, and Lips converging, signaling a potential consolidation phase. However, with the price maintaining levels above the Alligator’s Lips, we maintain a bullish outlook. The RSI is Read More…
Weekly Chart Analysis:The weekly chart shows a consolidation below the previous all-time high (ATH) with most dips generally being bought back up. The resistance level to watch is the previous ATH at $2089.0. A decisive weekly close above this level could signal a bullish continuation, potentially targeting the bull target zone around $2400.0. However, should Read More…
S&P 500 (ES) Weekly Chart Analysis: The S&P 500 E-mini Futures have demonstrated a robust uptrend, reflected in the rising channel on the weekly chart. The market recently pushed through the resistance marked by the previous all-time high, establishing a significant bullish sentiment. Current resistance sits at the upper boundary of the channel near the Read More…
Weekly Chart On the weekly chart, bond buying is evident as the yields have continued to decrease since 2020. The RSI has moved above the neutral zone and is sitting at 53.19. The weekly does not give much clues about where we could see it moving in the near term and is neutral. Daily Chart Read More…
Weekly Chart Starting with the weekly chart, the Dollar has shown significant strength. Bulls have clearly taken control as indicated by the 4 weekly green closes in a row. We have successfully reached our first bullish target at 103.821, from our analysis last week. The current movement suggests that we could see further upside momentum, Read More…
