Price Action Overview Market Context Since bottoming near 38,000 in April, YM has staged a persistent, low-volatility rally forming a clean ascending triangle pattern, typically a continuation formation when appearing after an uptrend — which is what the longer-term trend supports. Today’s price action shows tight coiling just below resistance and above trendline support, so Read More…
Technical Analysis Breakout Confirmation NQ has exploded higher, breaking the downtrend and gaining a lot of bullish interest once more. Price has moved back into the previous bullish trend channel, which at one time was extremely unlikely. RSI Momentum Volume Profile Key Levels Zone Type Price Range Notes Resistance 21,900 – 22,500 Prior all-time high Read More…
Recap from the Previous Report In our April 17 technical analysis, we focused on the bounce we saw off the lows in ES, with a breakout attempt through trendline resistance. We can now take a fresh look at the price action and see what could be ahead. Current Chart Overview (April 24, 2025) Market Snapshot Read More…
Equities collapsed as market participants worried about trade wars ignited by Trump’s tariffs. On Tuesday, the US implemented a 25% tariff on imports from Canada and Mexico. Moreover, there was an additional 10% tariff on Chinese goods. This overshadowed an increase in Fed rate cut expectations due to recent downbeat economic data. Trump dashed hopes Read More…
Introduction The Euro FX futures (6E) continue to trade above support, holding gains after forming a bullish divergence at the lows. Price remains in a short-term recovery phase, but the 1.0580 – 1.0630 resistance zone and the 100-day VWMA (1.0581) are capping upside momentum. As of today, 6E is trading at 1.04585, up +0.19%, with Read More…
Introduction As the U.S. Dollar Index (DXY) rallies toward key resistance levels, traders and analysts are closely monitoring whether this move will mark a sustained bullish breakout or a temporary reprieve in the broader downtrend that has characterized much of 2024. The index, which measures the greenback against a basket of major currencies, has experienced Read More…
