NQ is only 200 points away from its yearly lows. The momentum indicator is firmly in the negative. Why it could be time to sit on our hands. Recap of last week’s analysis We pointed out the potential bearish target of $11,592.75, which was our 78% Fibonacci level. It was a clear target for bears, Read More…
Japan’s authorities intervened to buy the Yen, pushing prices up. The monetary policy divergence between Japan and the US continues to grow. Analysts doubt there will be more interventions to stop the Yen’s decline. The Japanese Yen (6J) futures prices went up sharply last Thursday when Japan’s authorities finally made good on their promise to Read More…
The hanging man candlestick pattern is confirmed on the daily chart The target for Bears is below the $81 price level Accumulation Zone around $82 broken to the downside Hanging Man CandleStick Earlier in the week, we analyzed the potential formation of either a hammer or a hanging man candlestick confirmation. Looking at the daily Read More…
A look at the downward trend channel on the daily chart ES drops 2.7% in 1 hour after the Feds interest rate decision Vix reading is at 28 and sits within a range Recap In last week’s analysis of the ES Futures, we noted a possible bearish target of $3,750, which has been met. ES Read More…
1-2-3 Reversal call turns into a potential double bottom Major support zone holding since May 2020 Pennant chart pattern forming on 4 Hour chart Support Zone Reminder We need to go back to May 2020 to observe the major support zone, which has been tested six times in two years. The yellow metal is currently Read More…
Higher interest rates are affecting corporate America. Recession worries are rising as the Fed further tightens its monetary policy. Fed rate increases have had little impact on inflation. The E-mini Nasdaq-100 (NQ) futures prices edged slightly lower during the Asia session on Wednesday. The US Federal Reserve is anticipated to deliver another significant interest rate Read More…
