Technical recap In our previous article, we looked at the fact that it was difficult to make a call on the direction of CL futures. It is sometimes just a better option to do nothing than force things. This is something we must learn in trading and investing, or else we take the ego-based, fight-or-flight Read More…
Quick recap We have followed the inverse head & shoulders in ES for some time now, and finally, we are approaching a strong bullish breakout. This gives us a few trade opportunities as long as we maintain strict risk management rules. The chart is bullish, I don’t see any play for the bears at the Read More…
The trade We have a great example of why it is important to remain patient in trading and markets. The YM long trade from a few weeks ago has played out now, and the max profit target has been hit. I want to take this opportunity to explain why being patient in trading is so Read More…
Recap The last time we looked at RTY, price was finding support around the $1,738 level. I mentioned that the bears would find it difficult to break below that level due to the strong bullish wicks that formed. From here, we have even more conviction that the correct direction is up from here because of Read More…
Technical analysis The Euro has surged through a resistance level formed on February 2nd. The level is 1.106 and should now act as a support moving forward. The Dollar continues to fall and is causing other currencies as well as equities to rally. Take a look at the chart below for recent price action. Trade Read More…
Technical analysis Nasdaq futures have been showing a strong bullish momentum, as the price action continues to make higher highs and higher lows. Currently trading at $13,000, the next significant resistance level is at $13,700, which was a major resistance level in 2022. The Relative Strength Index (RSI) is also supporting the bullish momentum, as Read More…
