Recap Last week, we watched RTY plunge and set a bearish target of $1,738. As suspected, Russell futures continued to tank, and we have seen the target met. Bears appear to be in full control, but the question is whether we have bottomed out or we can expect the slide to continue. Looking at the Read More…
US equities recovered on Tuesday as expectations for the size of the Fed’s next hike were lowered by inflation data that was largely on target. Risk sentiment also improved due to reducing concerns about contagion in the banking sector. After several days of risk-off instability brought on by the aftermath of the collapse of Silicon Read More…
Recap We have been tracking the sideways range in CL for some time. There has finally been a bearish break below $71.72, which is the lower end of the range. CL is currently trading at $70 per barrel. The next few days will prove important because it will show us whether crude is going to continue lower Read More…
US equities were down on Monday due to falling bank shares as investors feared a ripple effect from the Silicon Valley Bank collapse. However, trading was choppy, and the Nasdaq composite closed higher as some sectors benefited from expectations that the Federal Reserve would scale back its interest rate increases. Investors were concerned about dangers Read More…
The Euro has rallied 2.7% in three days, a large amount for a currency. Reason being, the collapse of svb bank and the easing of US job numbers. This indicates it’s likely the FED will not raise interest rates in the next meeting. The Dollar collapsed alongside the equity markets as fear spread. Technicals The Read More…
Update on price action The small cap index has dropped 10% since the recent high in RTY, which was $2,015. The price has plunged dramatically and is currently in free fall. Let’s take a look at some technical levels we can watch out for going forward. The main bear target is at $1,738 which is Read More…
