Interest futures rose on Thursday and Friday as the dollar and Treasury yields fell after a mix of economic indicators. Prices have rallied the whole week as investors increased the likelihood of a 50 bps Fed rate cut in September. A mix of data since Tuesday has led to a surge in Fed rate cut Read More…
Current Overview and Market Sentiment:The S&P 500 futures chart is showing signs of exhaustion after an impressive rally over the past two years. As we approach September 2024, the market is showing clear indications of bearish divergence, warning us of a possible trend reversal or significant correction in the coming weeks. Price Action: The S&P Read More…
Technical Analysis: Descending Channel: The primary structure in play is a descending channel, which has kept price action constrained between roughly $75,000 and $50,815. Until Bitcoin can decisively break out of this channel, the prevailing trend remains slightly bearish in the medium term but still bullish in th belong term. Potential Support Levels: Short-Term Outlook: Read More…
Oil prices recovered slightly on Thursday after collapsing in the previous sessions. Prices suffered on Tuesday and Wednesday as investors grappled with fears of a recession in the US. At the same time, a likely end to the dispute in Libya lowered the chances of a tighter market. On Tuesday, oil collapsed by 5% after Read More…
Introduction Meet Obafemi, a futures trader from San Jose, California, who successfully completed his OneUp Trader evaluation using a momentum trading strategy. Let’s learn more about this trader’s style, routine and why he chose the OneUp Trader funded trader program. Trading Approach Obafemi’s trading approach can be defined as momentum-driven. He identifies the market’s direction Read More…
Introduction The E-Mini Russell 2000 Index Futures, often seen as a bellwether for small-cap stocks in the U.S. market, is currently positioned at a point where it could swing bullish or bullish with volatility. As all markets around the world continue to surge at a time when political and economic unease is high, technical analysis Read More…
