Follow-Up: July 29 Levels The prior analysis flagged a close below 79.92 as the signal that the 82 confluence zone had failed, with 75.00 as the initial downside target. Price has now closed at 79.67, right at that trigger. The setup is playing out as the bearish case outlined, and this week is going to Read More…
Currency futures gained last week as the dollar collapsed after data indicated slower-than-expected growth in the second quarter. At the same time, the core PCE number missed forecasts, leading to a drop in Fed rate hike expectations. The move was extended on Monday after, over the weekend, it was said that the US would start Read More…
Our July 30 analysis flagged 27,033.21 (the 200 MA) as the level to watch, and we need to look at NQ again because we saw a huge green candle for the 30 July session. NQ rallied 3.8% off that support zone and now we are at a point where the bulls are either going to Read More…
Interest futures recovered on Friday after collapsing in the previous sessions amid an escalation in the Iran war. The rebound came late Thursday after the US released a set of downbeat economic data. The GDP and inflation numbers eased Fed rate hike expectations. Wednesday witnessed the biggest collapse in interest futures after the US hit Read More…
Oil prices soared on Wednesday as Trump said the US would retaliate after Iran targeted a US base in Jordan. The surge dampened earlier expectations of peace after the conflict paused over the weekend. The two countries had resumed talks, which were going well. Elsewhere, the Fed kept interest rates unchanged. At the start of Read More…
Introduction NQ has gone through a full cycle this year — a spring correction, a powerful V-shaped recovery to new highs, and now a sharp pullback that’s erased a meaningful chunk of the summer rally. Rather than forcing a single high-conviction call, this is a good spot to lay out the weighted scenarios, since the Read More…
