Introduction Nasdaq futures have finally seen the pullback that we discussed in our previous analysis. Back on May 21, we highlighted the bearish divergence developing on the MACD and noted that while the trend remained bullish, momentum was beginning to slow. Since then, that scenario has largely played out. After making fresh all-time highs above Read More…
Introduction Bears have taken hold of Gold futures now, with the price breaking well below the ascending support we noted in our June 8 analysis. This reaction in Gold comes after strikes in the Middle East early this week and inflation concerns. The small uptick in the Dollar is also not helping the yellow metal much. Read More…
Introduction It is time to look at the Dollar again as buyers are getting slightly stronger. The 50 MA has crossed above the 200, and RSI is approaching overbought territory. It is also approaching the psychological $100 level, which we should see some resistance at. Right now, DXY is still consolidating in the medium to Read More…
Gold collapsed on Wednesday as strikes between the US and Iran sent oil prices higher. The renewed tensions have escalated inflation concerns, pushing up expectations for Fed rate hikes. Meanwhile, market participants are eagerly awaiting the monthly US consumer inflation report, which will continue to shape the outlook for monetary policy. Since last Monday, gold has Read More…
Introduction S&P 500 futures have finally seen the pullback that we began discussing in our recent analysis. In both our May 26 and June 3 reports, we highlighted that while the longer-term trend remained bullish, momentum indicators were beginning to cool as prices continued making new highs. ES overall is still in a strong bullish Read More…
Equities briefly recovered on Monday as the tech sector propelled the S&P 500 higher. However, it was not enough to retrace Friday’s collapse after an upbeat jobs report. Market participants are now looking forward to the crucial US CPI report that is due on Wednesday. The stock market has performed brilliantly in recent months despite Read More…
