Introduction Based on our analysis this week, we can see that Bitcoin is currently in a short-term bearish trend after a big pump at the start of the year. There is a descending channel pattern starting from late March. This pattern is characterized by consistent lower highs and lower lows within the channel. Support and Read More…
Equities ended higher on Monday amid earnings optimism and a rally in Tesla and Apple shares. At the same time, investors were preparing for the FOMC policy meeting and the all-important nonfarm payrolls report. According to data, 78.1% of the S&P 500 companies that have reported earnings have exceeded expectations on Wall Street, showing better-than-expected Read More…
NASDAQ Chart Overview In this chart, we’re looking at the NASDAQ 100 E-mini Futures (10-minute intervals) along with the Simple Moving Average (SMA), Relative Strength Index (RSI), and Volume Profile Visible Range (VPVR) indicators. Price Action and Technical Patterns Channel and Breakout Analysis We can see that the price was trading within an ascending channel, Read More…
Volume Profile: The High Volume Node (HVN) signifies a price level with substantial trading activity, indicating a strong interest from traders. This level usually acts as a magnet for future price action, drawing prices towards it. The Point of Control (POC) gives the price level with the highest trading volume over the period. It is Read More…
RTY has refused to break out of its almost two year consolidation even as the bigger indices continue to make new highs. RTY has seriously lagged, is it time for it to catch up and finally break out of the consolidation zone or are we headed right back down? Weekly Chart Bulls need to see Read More…
Fundamentals To Scope The Federal Reserve maintained interest rates at its recent meeting, with no significant modifications to the statement. The Dot Plot continues to indicate three rate cuts in 2024, and economic projections have improved, with higher growth and inflation and lower unemployment. US economic data has been mixed, with CPI and NFP surpassing Read More…
