The market plunged last week, taking out key support levels as the daily chart resembles a rounding top formation. From here, the market still looks bullish in the medium to long term, but let’s take a look at the technicals and levels to watch for this week. You can see the $14,700 level, which was Read More…
Introduction Last Friday NQ closed the week’s session in the form of a spinning top. The price action is mixed, but there is a case that looks stronger for bulls than for bears from here. The reason is due to the large uptrend we have seen in equities this year, as well as the small Read More…
Technical Analysis NQ is currently stuck within a range that could be used as an opportunity to buy lows as the general market sentiment remains bullish. Once the bounce occurred on August 18th, NQ began moving sideways as traders who got in early were taking profits. Traders who missed the move have begun buying, hoping Read More…
Recap August 18th was the last time we looked at NQ. The market was retracing after a strong bull trend that lasted the entirety of this year. Just as we expected, the drop was only a correction and provided us with opportunities to go long. The correction was much needed as the market’s most significant Read More…
Recap Two weeks ago, we looked at GC and the potential for price to first, fall within the support zone then bounce out of it. Gold rallied 1.57% on Wednesday, surging out of the support zone with tremendous conviction, but the question is whether we see the price testing the support zone again in the Read More…
Technical Analysis Bullish trend channel: The bullish trend channel on the daily chart has now been officially broken. There are a lot of stop losses getting triggered at this point for the traders who went long. Traders who have banked a solid profit from the near 50% rally in NQ for the past 10 months Read More…
