A look at the downward trend channel on the daily chart ES drops 2.7% in 1 hour after the Feds interest rate decision Vix reading is at 28 and sits within a range Recap In last week’s analysis of the ES Futures, we noted a possible bearish target of $3,750, which has been met. ES Read More…
Investors are awaiting a wave of rate hikes from central banks. There is a 20% chance that the Fed will raise rates by 100bps. Investors worry the Fed will tip the US into a recession. Investors anticipate additional significant interest rate increases from central banks to tame inflation. Sweden set the tone early in the Read More…
Signs of rolling over effect on the weekly chart Consumer Price Index (CPI) report is bearish for markets in general Bull case: Support band+point of control volume profile Weekly Chart Notice on the chart below how we see a rolling effect as prices retrace after a sharp move down. When we see these patterns form, Read More…
Investors await US inflation data. Inflation in the US is expected to go down to 8.1% year-over-year. Markets have priced in a 92% chance of a 75bps Fed rate hike. E-mini S&P 500 (ES) futures extended gains on Tuesday as investors anticipated critical inflation data that could offer hints regarding the size and pace of Read More…
Rising interest rates could lead to economic hardship. Investors are favoring stable sectors like healthcare in a downtrend market. Investors expect a wave of rate hikes this week. E-mini S&P 500 (ES) futures remain under intense selling pressure as the US dollar soars following an upbeat jobs report. Some investors are choosing to place their Read More…
Powell said the Federal Reserve would continue raising rates to tame inflation. Investors are split between a 50 and 75 basis point rate hike in September. This week’s jobs data will shine a light on the US economy. The E-mini S&P 500 (ES) futures closed Friday lower as the Federal Reserve’s chief, Jerome Powell, dashed Read More…
