Introduction It is time to look at the Dollar again as buyers are getting slightly stronger. The 50 MA has crossed above the 200, and RSI is approaching overbought territory. It is also approaching the psychological $100 level, which we should see some resistance at. Right now, DXY is still consolidating in the medium to Read More…
Introduction S&P 500 futures have finally seen the pullback that we began discussing in our recent analysis. In both our May 26 and June 3 reports, we highlighted that while the longer-term trend remained bullish, momentum indicators were beginning to cool as prices continued making new highs. ES overall is still in a strong bullish Read More…
Equities briefly recovered on Monday as the tech sector propelled the S&P 500 higher. However, it was not enough to retrace Friday’s collapse after an upbeat jobs report. Market participants are now looking forward to the crucial US CPI report that is due on Wednesday. The stock market has performed brilliantly in recent months despite Read More…
Introduction Gold futures have broken lower since our previous analysis, the support that buyers had been defending throughout late May and early June has broken to the downside. From here it is important to see how the bulls react at this level. If we see continued selling pressure, we could see GC fall to $3,600. Read More…
Introduction Dow Jones futures continue to reward buyers after breaking above the previous all-time high that we highlighted in our recent analysis. Since our last update, YM has not only held above the previous ATH at 50,900, but has also continued pushing into fresh record territory. Dow Jones Futures Trend Analysis The structure remains bullish Read More…
Introduction In our previous analysis, we highlighted the $100–$105 region as the key battleground for crude oil futures. We also noted that progress in US-Iran negotiations could continue, removing some of the risk premium that had fueled the rally throughout March and April, and since then, that is mostly what has happened. CL has remained Read More…
