Introduction The S&P 500 e-mini futures (ES) have painted two bearish candles for the past two weeks trade. This was overdue as ES and other US equity markets have soared for 2024. The pullback we expect is likely to be a short-term outlook and by no means a trend reversal, so keep that in mind Read More…
Equities were mixed on Monday as investors shifted from AI to more stable financials, utilities, and energy stocks. As a result, the Dow soared while the Nasdaq and the S&P 500 fell. At the same time, market participants were gearing up for more data from the US that could give insight into the Fed’s policy Read More…
Equities soared on Monday, with the S&P 500 and the Nasdaq reaching record highs. This increase came from technology stocks, which rallied on AI optimism. At the same time, investors were awaiting more clues from policymakers and economic data on the outlook for US rate cuts. S&P 500 index (Source: Bloomberg) Shares of major technology Read More…
Equities closed slightly higher on Monday amid caution ahead of the US consumer inflation report and the Fed policy meeting on Wednesday. This follows a drop on Friday as investors scaled back expectations for a September Fed cut after a positive employment report. The bullish momentum on Monday for the S&P 500 and the Nasdaq Read More…
Introduction ES has broken above its all time high once more as bulls have gained the upper hand. There are some important levels to keep an eye on for the daily chart and possible entries we could look for. Currently, we don’t see any bearish trade opportunities. Technical Analysis Price Action Moving Averages Relative Strength Read More…
The Federal Reserve’s (Fed) updates on monetary policy highlight that the Federal Open Market Committee (FOMC) has decided to maintain the federal funds rate at the current range of 5.25% to 5.5% on May 2nd. The decision marks the sixth consecutive meeting where rates have been held steady, keeping them at the highest level in Read More…
