Price bounces off the Parabola. The Cup & Handle target has been hit. ES maintains its bearish outlook and potential targets to note. The Cup & Handle From Last Week Last week we reviewed the Cup and Handle Pattern on the 1 Hourly ES chart here. Target 1 was met as the price bounced off Read More…
Rising interest rates in the US are boosting lenders’ interest incomes. There is less turmoil in the market after UK’s fiscal policy u-turn. Analysts expect the Fed to continue its aggressive monetary policies. Major equity futures indexes, including the E-mini S&P 500 (ES), began the trading week with a price surge after Britain changed its Read More…
Short-term targets using the Parabola The Cup & Handle analysis Possible bearish targets are $3,543.25 and $3,433.5 The Parabola Parabolas are not very popular tools in technical analysis, but they can be extremely useful in determining trends and targets that many other market participants cannot see. There is a parabolic curve with three connection points Read More…
Investors brace up for high US inflation. A lot of uncertainties linger after Putin’s latest attack on Ukraine. Investors scramble for safety amid recession worries. The prices of major equity indexes, including the E-mini S&P 500 (ES) futures, fell on Tuesday as investors scrambled for safety in the US dollar amid global tensions. Futures lost Read More…
The yearly low support breached. What the correlation between the major indices tells us Lackluster price action on the shorter time frames Yearly Support Breached The E-mini S&P 500 (ES) traded at the yearly low of $3,639 for the first time since June; prices actually breached the low before moving back upward and have been Read More…
Investors are worried the Fed will send the US economy into a recession. Top central banks worldwide have raised rates, increasing global recession worries. The fiscal policy situation in the UK is creating a risk-off market environment. Fears over the Federal Reserve’s incredibly aggressive policy tightening caused major equity futures index prices, including the E-mini Read More…
