Introduction The S&P 500 is close to ending the year well in the green, currently at an 18.5% return for the year. 7 months have closed in the green, and we will need to wait and see what December brings, but after this rally, it wouldn’t be surprising to see some investors who were long, Read More…
Introduction Crude Oil is now firmly in a downtrend, with the weekly chart printing 6 straight red weeks, and this week looks no different. CL has dropped 25% since September and is approaching a major support zone at $68 per barrel. Weekly Chart Price is now also below the point of control line, which is Read More…
Weekly Chart The weekly chart has seen 5 green weeks in a row, but this week has started off differently as NQ price rallied into a resistance zone at $15931, and price immediately began to sell off. Last week’s spinning top close is also a worry for the Bulls, but they will hope it is Read More…
Introduction Last week, Gold was trending because of how close it was getting to breaking all-time highs. We finally saw that happen, and it was explosive. GC futures burst out of the all-time high, with the price surging 3.15% in 30 minutes. Let’s see what the technicals are telling us now and how we can Read More…
Introduction The T-Bond Futures (ZB) market exhibits a notable consolidation forming on the daily chart, with current price action gravitating towards the 50 and 100 moving averages, signaling potential shifts in market sentiment for the time being. Daily Chart Analysis It is clear that ZB has been a short sellers dream for the past few Read More…
Weekly Chart Analysis:The weekly chart gives us a broader perspective and a longer-term view that we use for our trend analysis which means the weekly doesn’t necessarily have to be a chart we look at taking positions. The noteworthy psychological $100 level stands out, but before we get there, let’s focus on the more immediate Read More…
