Introduction Euro futures have broken below the support area that held through June and July, extending the decline from August’s highs. This was a very important level for Euro bulls to hold because the next support level is down at 1.11. The chart is oversold no won the daily so a short term bounce or Read More…
Introduction Gold has given back most of its August recovery and is approaching the support area that held through June and July. Price is trading around $4,170 on the September 29 daily chart, below both moving averages, with sellers now in control again. The gold bulls are scrambling because there looked like a strong chance Read More…
Introduction The US dollar has bounced strongly from its September lows, moving back above both the 50 and the 200 moving average and trading near 101.05 on the daily chart. The recovery puts the June–July highs back in reach, but buyers still have to clear an important resistance zone before we can call this a Read More…
Introduction Russell 2000 futures have pulled back from the August high near 3,100 and are now approaching the 200-day moving average around 2,825. Price is trading at 2,863.8, but sellers are still in control. The recovery from the March lows has not completely broken down, but buyers need to start defending these lower levels. Can Read More…
estimated reading time: 9 minutes Dan bought his first $25,000 evaluation on a Sunday night, mostly to see how it would go. Dan isn’t one person. He’s a bunch of traders we hear from every week, but his approach is the same as all of them. He had a few setups he liked, a general Read More…
Introduction Dow futures have given back much of their summer rally and are now testing an important support area around 51,450–51,950. With price at 51,744 on the chart, buyers have an opportunity to defend the level, but we have yet to see a convincing reversal. The question now is whether this becomes a base for Read More…
