Introduction Since the prior analysis conducted in mid-September, the bearish double-top formation has played out as predicted. Price Movement Since September 11 RSI (Relative Strength Index) Short-Term Outlook: Medium-Term Outlook: Final Call:
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Gold futures (GC) bull flag on weekly chart
Bullish Structure Still Intact The price of Gold Futures (GC) has continued its strong uptrend, respecting the bullish structure from our previous analysis. The bull flag is still intact, and gold prices are on their way to hitting the bullish target of 2,842. From here we can assume that if the target is hit, it Read More…
Updated Technical Analysis for E-mini Russell 2000 Futures (RTY)
Summary of Previous Analysis The original short trade idea was based on a failed breakout attempt above the $2,275 resistance, leading to a short entry around $2,233, with a stop loss at $2,320.5 and a target near the trendline at $2,135. The rationale for the trade was the concentration of volume in the $2,150-$2,275 range Read More…
Upbeat US Data Sends Interest Futures Falling as Yields Surge
Interest futures fell on Thursday and Friday as Treasury yields rose while Fed rate cut expectations fell after upbeat US data. Market participants moved to price a higher chance of a small rate cut during the November meeting. Since Tuesday, interest futures have declined as the outlook for rate cuts in the US shifted. The Read More…
NASDAQ Futures (NQ) On Track For New Highs
Introduction The recent rally in U.S. equity markets, particularly the NASDAQ, has been fueled by the Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points in September 2024. This dovish monetary policy has pushed equities higher. It is as simple as that, traders and investors simply follow the Fed now regardless Read More…
Interest Futures Climb Amid Mixed Economic Indicators
Interest futures rose on Thursday and Friday as the dollar and Treasury yields fell after a mix of economic indicators. Prices have rallied the whole week as investors increased the likelihood of a 50 bps Fed rate cut in September. A mix of data since Tuesday has led to a surge in Fed rate cut Read More…