Recap A few weeks ago, we looked at a short trade in CL. It is time for an update regarding that trade and further technical analysis that may help us find alternative opportunities. To see the previous article on CL, where we look at the short trade on the daily chart, you can do so 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…
US equities ended the day lower on Tuesday, experiencing a significant decrease in value. This drop came after retail sales data exceeded expectations, causing concerns about the possibility of higher interest rates lingering. At the same time, major US banks faced declines due to a report indicating potential downgrades by Fitch for certain lenders. US Read More…
Recap We pick up from where we left off as RTY has continued to plunge after we suspected a potential triple top last week. The sell-off has accelerated and a likely cause of that is the volume profile point of control line. This aggressive selling could also be the result of the formation of a Read More…
The equity indexes ended higher on Monday, driven by chipmaker Nvidia’s remarkable surge. This surge was sparked by Morgan Stanley’s positive note and a boost seen in other major growth stocks. Nvidia’s stock soared by 7.1%, marking its most significant one-day rise since May 25. This surge was comparable to the 24% increase in May, Read More…
Introduction and recap The last time we looked at ES, it was in the process of a pullback toward the 50 and 100 moving averages. This retracement has been minor, with the market giving back 3.8% since the most recent top on the daily chart. ES is still only 3.8% away from all-time highs. Let’s Read More…
