Introduction The S&P 500, like most indices has been surging this year with ES only 6% away from all-time-highs. The trend remains in an upward momentum and there are almost no bearish signals at the moment. Let us look at the technicals to get a better picture of where the opportunities lie and what we Read More…
When it comes to managing risk in trading, it is essential to understand how to do it effectively. Whether you’re a seasoned trader or just starting your journey into the financial markets, understanding the importance of managing risk is essential to safeguarding your capital and achieving long-term success. This guide will explore why risk management Read More…
Introduction The pullback in equities might be coming to an end, as ES spiked 1.6% on Tuesday. The retracement seen on the daily chart was over 6% from the local top, and the recent bullish price action gives us confidence in being able to take long positions. Let’s re-look at the inverse head and shoulders Read More…
US equities closed slightly lower on Tuesday as investors remained worried that the Federal Reserve would hold higher interest rates for an extended period. Simultaneously, bank shares experienced a decline. The financial sector dropped by 0.9%, causing the biggest drag on the S&P 500. Moreover, the S&P downgraded credit ratings for various regional US lenders, Read More…
Introduction and recap The last time we looked at ES, it was in the process of a pullback toward the 50 and 100 moving averages. This retracement has been minor, with the market giving back 3.8% since the most recent top on the daily chart. ES is still only 3.8% away from all-time highs. Let’s Read More…
Introduction: ES has surged an impressive 32% since its lows in October last year, showcasing robust bullish momentum. The upward-sloping 50-day moving average, standing significantly above the 100-day moving average (at $4440 and $4265), further bolsters the optimistic outlook. Although the Relative Strength Index (RSI) has slightly cooled down to 55 from 70 a week Read More…
