Dollar Too Strong For Euro The Dollar is just too strong for the Euro at this point, which has caused 6E to plunge 5.6% since its high back in July. The market has pushed the price below a support trend line, and the bulls are trying to hold it within a minor support zone. Technical Read More…
US equities ended Tuesday in the red. The Dow led the decline as Treasury yields climbed, along with oil prices as investors evaluated the Federal Reserve’s interest rate trajectory. Although all three primary US stock indices had seen gains the previous week, driven by hopes of a more lenient Fed stance, that optimism faded by Read More…
Technical Analysis Once gold reached a high of $2,085 this year, we saw an 8.8% retracement a few weeks back. GC has now settled at $1,960.3, and the price action is forming a rectangle formation that could send it soaring or crashing with great volatility. The last time we looked at Gold, we noted an Read More…
Recap August 18th was the last time we looked at NQ. The market was retracing after a strong bull trend that lasted the entirety of this year. Just as we expected, the drop was only a correction and provided us with opportunities to go long. The correction was much needed as the market’s most significant Read More…
Weekly Chart A quick look at the weekly chart shows that CL has found the point of control level for the volume profile indicator as support. The market surged through the POC initially a few weeks prior, retraced to test it, and bounced, now trading 5.7% above it. If you look at the chart below, Read More…
Recap The last time we looked at T-bond futures was at the beginning of August when we expected price to move lower into a support zone. This happened last week as ZB touched last year’s lows. Let’s see where we expect price to go from here after the support zone successfully held. Technical analysis As Read More…
