Introduction: ES has surged an impressive 32% since its lows in October last year, showcasing robust bullish momentum. The upward-sloping 50-day moving average, standing significantly above the 100-day moving average (at $4440 and $4265), further bolsters the optimistic outlook. Although the Relative Strength Index (RSI) has slightly cooled down to 55 from 70 a week Read More…
Introduction We know that when uncertainty exists in the marketplace, and people want to protect their money, bond yields will go down. In this technical article, we will focus on ZB and how we can profit from potential market moves by looking for high probability and high risk-reward ratio trades. Technical analysis The weekly chart Read More…
Recap The resistance zone we analyzed last week has finally been hit as the bulls pushed the price up 22% since its recent local low made in June. Crude has largely been stuck in a range between $67.26 and $80.74 for the entire year as we eagerly await the potential break out. The question is Read More…
Introduction: RTY has surged 22% since its lows in October last year, showcasing the strong bullish momentum. The upward-sloping 50-day moving average and an RSI of 62 reinforce equities’ optimistic outlook. Currently trading on the point of control line for the volume profile indicator, RTY faces a resistance zone just above the 2000 level, coinciding Read More…
Introduction: Based on the daily chart, this technical analysis of T-Bond Futures (ZB) will examine the recent price movement, key technical indicators, and potential trading opportunities. Throughout the year, ZB has experienced relatively flat price action, lacking a clear trend. The 50-day moving average sloping downward and the price trading below it suggests the presence Read More…
Recap In the previous analysis, we did on July 14th, the Euro was rallying up toward a resistance level of $1.12. I want to take a look at price action now as it looks like there is a potential buying opportunity in the Euro. Applying the basics of Elliott wave theory to the price action Read More…
