The Dow Jones continues to diverge from the rest of the market Bearish divergence has been spotted on the daily chart Bull and Bear targets YM Continues To Rally The Dow continues to diverge from the rest of the market as it is now only 6% away from all-time highs. YM is up 10% in Read More…
The downward trend line on the daily chart acts as resistance, and ES struggles to push through Anchored VWAP at the high of the year, acting as an accumulation point for shorts Factoring the Inflation report and Fed rate decision into this week’s sentiment Resistance You will remember from the analysis on December 2nd that Read More…
NQ remains within a tight consolidation zone Different ways we can capitalize on the breakout Targets for each direction and what it means for markets in 2023 NQ Remains Within Tight Range Amid Inflation Report NQ has been stuck in a 574-point range for almost a month now. We saw a huge rally in markets Read More…
There is a 93% probability of a 50bps Fed rate hike next week. Initial jobless claims in the US went up slightly last week. The US economy could experience a brief and modest recession next year. Gold prices were mostly unchanged on Friday as wary investors kept an eye on important US inflation data and Read More…
Bears take over as CL’s price drops 12% in a week. The hourly chart shows the potential of a double-bottom formation. Bears Take Over In Monday’s article, we discussed two possible scenarios, the Bear case and the Bull case. Since then, CL has dropped 12% and has taken out the spinning top’s low. CL is Read More…
6E is still trading within the Multi-Year level we have been watching closely. MACD showing signs of bearish divergence. Morning star spotted on the monthly chart. Technicals Showing Bearish Sentiment Multi-Year Level The multi-year level we have been watching closely still has a tight grip on the Euro. You will remember from last week’s analysis Read More…
