Follow-Up: What Played Out Since July 31 We need to take a look at Nasdaq again because of the recent rally we have seen, which is a very strong v reversal. For those who regularly follow the technical analysis we post on our blog, you would know we were watching the 27,156 level very closely Read More…
Introduction Let’s take a look at Gold’s year so far: a parabolic run to an all-time high in January, followed by one of the more sustained corrections the metal has seen in years. After falling more than a quarter from that peak, price has spent the last few weeks doing something it hadn’t done since Read More…
Equities extended gains on Tuesday as investors cheered strong earnings and hoped for peace between the US and Iran. At the same time, downbeat US data last week eased Fed rate hike bets, allowing stocks to climb. Market participants are now looking forward to the monthly employment report for more cues on future Fed moves. Read More…
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…
