Current Trend and Price Action Moving Averages The price is currently hovering near the 200-day moving average (around 2,100). The 50 MA is at the same price and is acting as additional support to the price for now. Support and Resistance Zones Volume Considerations Probable Scenarios Bullish Scenario: Bearish Scenario: If you have any technical Read More…
Introduction The S&P 500 (ES) chart, along with other US indices, recently had a correction of around 10% from the high. Some are calling this to be a simple pullback, while others think it’s the signal of much worse things to come. Violent and concerning geopolitical concerns worldwide are likely contributing to the recent profit-taking. Read More…
Equities fell sharply on Monday as fears of a recession in the US continued to unsettle investors. At the same time, Apple’s stock significantly dropped after a prominent investor sold its shares. Since last week, investors have been dumping risky assets and buying safer ones due to fears that the US economy is slowing down Read More…
Introduction Meet Greg, a price action trader in OneUp Trader’s funded trader program who has made his mark with a straightforward yet effective approach to the markets. Greg recently made a withdrawal of $3,700 from his funded trading account, and today, we are going to find out just how he did it. Trading style and Read More…
Equities rose slightly on Monday and Tuesday as investors mostly stayed on the sidelines ahead of major events. Markets await key US data, major US tech earnings reports, and the Federal Reserve policy meeting. US earnings index (Source: Citigroup, Bloomberg) Monday was a choppy session for US stocks because investors held off on big positions. Read More…
Introduction On July 24, the S&P 500 closed at 5,427.13; this marks almost a 5% drop from the previous high. This drop follows a series of mixed performances over the last week. The volatility is attributed to significant losses in major tech stocks and companies within the utilities sector. Notably, shares of Vistra Corp. and Read More…
