Bulls are in full control as ES rallies on all time frames. Price hovers around the year-long trend line. Divergence spotted on the hourly chart. Last Weeks Analysis Spot On Last week we analyzed the potential for a bullish breakout of a small consolidating pattern and set targets at $4,000. ES ended up breaking out Read More…
Looking at the triangle pattern on the daily chart and potential targets. Heavy bearish divergence spotted on the hourly chart. Daily Outlook There is one main technical pattern we can look at on the daily chart for CL. That is the triangle pattern in which crude is trading at the top of its range which Read More…
Fed Chair Jerome Powell avoided discussing rate policy in his speech. Powell emphasized that the Fed’s independence was crucial to fight inflation. US inflation for December is expected to be 6.5%, down from 7.1% in November. Equities climbed on Wednesday while the dollar held steady as investors awaited US inflation figures for clues on the Read More…
There is an inverted hammer that has formed on the daily chart. Setting targets for the head & shoulders pattern on the hourly. Analyzing why bears appear to be in control at the moment. Daily Chart Analysis In yesterday’s session, we saw NQ attempt to break out of a small support zone that has formed Read More…
Investors remain cautious ahead of important inflation data. Tokyo’s core consumer prices increased faster than anticipated (by 4.0%) in December. Investors are anticipating remarks from Fed Chair Jerome Powell. Equities futures prices declined on Tuesday following hawkish remarks by two US Federal Reserve officials. Investors were also wary ahead of important inflation data. “Equity market Read More…
ES has broken out of a minor consolidation zone. Analyzing a few ways we can profit from current market conditions. Targets for bulls to aim for if the bullish momentum continues. Breaking Out January 6th session saw a big jump in the S&P 500 as ES closed the first week of the year up 1.8%. Read More…
