The bearish target below $11,000 has been reached. Using Fibonacci Retracements to set potential bearish targets. Analyzing the yearly NQ chart alongside quantitative easing. 3 indicators to pay close attention to. Bearish Break Of Consolidation Zone We have been monitoring the consolidation zone on NQ now since the middle of November. Price remained in a Read More…
Indices are trading near 2022 lows Technical analysis on NQ, Gold & CL What we can expect from 2023 What We Can Expect From 2023 2022 saw the majority of markets take a free fall. NQ dropped over 32%, ES ended the year down 18%, and Gold, traditionally a safe haven ended flat on the Read More…
Gold prices remain sluggish above the $1,800 mark. China’s COVID spread lends support to the US dollar. Markets are eying China’s PMI data to be released on Friday. While Gold futures prices rose to an intraday high of $1,818, the market has been sluggish since early Friday. In addition to mixed headlines on recent key Read More…
As investors looked forward to 2023 with caution and weighed hopes for economic growth, equities closed lower on Wednesday as US Treasury yields rose. China also eased COVID-19 restrictions amid concerns about rising incidences in the country. The benchmark 10-year Treasury yield rose for the third day in a row, reversing a decline earlier as Read More…
Investors are growing more worried that a recession will occur in 2023. Initial claims for unemployment benefits increased by 2,000 in the US. US gross domestic product expanded at an annualized rate of 3.2% last quarter. Gold prices recovered slightly on Friday after a big collapse. Robust economic figures fanned concerns that the Federal Reserve’s Read More…
A quick summary of what 2022 has shown us and what we can take into 2023. A look into the importance of trader psychology. Technical analysis on various markets and a final note from Jay. What 2022 Has Shown Us 2022 has not been a year for the long-term investor. Traders with solid strategies and Read More…
