US equities extended gains on Monday as the optimism mounted that the US lawmakers are close to end the longest government shutdown in history. Investors fled to risk assets, with major indices and AI bellwethers soared sharply. Meanwhile, bonds slipped as safe-haven demand eased. The S&P 500 gained more than 1.5%, marking best daily performance Read More…
Introduction The S&P 500 E-mini Futures (ES) have bounced off the 50-day moving average since our previous analysis, with power forming a dragonfly doji. This candlestick pattern has a long lower shadow with the open, high, and close all near the top. This candle normally represents a bullish reversal, and if we pair it with Read More…
Introduction The S&P 500 E-mini Futures (ES) has moved into the support zone at $6,800, marking roughly a 3% decline since the recent ATH made on the 29th of October. There are some signs of fatigue in the price action, but nothing of major concern yet for the bulls. Let’s take a closer look at Read More…
The US equities rally broke momentum after AI bellwether Palantir Technologies Inc. (NYSE: PLTR) revealed disappointing earnings. Market analysts hinted at high valuations likely to trigger a potential near-term correction. Meanwhile, the S&P 500 (ES) fell 1.1% amid a range-bound movement on Monday, while Nasdaq 100 (NQ) futures also witnessed a 1.4% drop as investors Read More…
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Introduction The S&P 500 E-mini Futures (ES) is hovering just below its all-time high (ATH) near 6,900. The market remains steady following last week’s rally driven by improved risk sentiment and softer U.S. economic data, which helped reinforce expectations that the Federal Reserve will maintain its policy pause. Equities are consolidating at all-time highs so Read More…
