On Tuesday, US equities continued their rally, propelled by the Federal Reserve’s recent dovish policy shift. All three major US stock indexes gained, pushing the S&P 500 close to its January 2022 all-time closing high. If the S&P 500 goes above this level, it would confirm a bull market since its low hit in October Read More…
Introduction Gold Futures have shown remarkable resilience, breaking through a triple-top pattern and scaling above the previous all-time high in recent weeks. The only hurdle facing the bulls is the weekly bearish close from two weeks prior when price broke above the high, as we analyzed here. Weekly Chart Analysis The weekly chart illustrates a Read More…
Introduction NQ, like the rest of the world’s stock markets, is surging. Now trading at an all-time high. This week might be the first weekly close above the all-time high, which marks an incredible recovery after a 37% decline from its previous high back at the beginning of 2022. Let’s see what the charts tell Read More…
Introduction Crude Oil has fallen from a high of $130 back in the middle of 2022 to a price of $72. Was that the highest price we will ever see in Crude Oil? The market sentiment is bearish at the moment for black gold but what do the charts say? Weekly Chart The weekly chart Read More…
Introduction Along with all other US indices, YM is ripping, and there are no signs of it slowing down any time soon. The Dow Jones blasted through an all-time high on Monday and has already painted three green bars straight and over 2% above the previous high. Let’s look at the technicals and see if Read More…
On Tuesday, US equities reached new yearly highs as the latest inflation figures had minimal impact on expectations regarding the Federal Reserve’s rate cut timing. US consumer inflation (Source: Bureau of Labor Statistics) The November Consumer Price Index (CPI) matched economist estimates with a 3.1% annual increase. At the same time, core prices, excluding volatile Read More…
