US equities ended the day higher on Monday thanks to gains in energy stocks due to unexpected reductions in the OPEC+ group’s oil production targets. Tesla, however, fell after disappointing investors with its first-quarter electric vehicle deliveries. Tesla Inc. fell 6.1% after revealing that deliveries for the March quarter increased just 4% from the previous Read More…
Recap Last week we looked at the great example of the 1-2-3 reversal playing out on the CL daily chart. Opec announced an output cut shortly after the analysis, which assisted the price action of CL to further confirm the pattern. Where to from here? CL is in a bullish trend at the moment, but Read More…
Technical analysis E-mini S&P 500 (ES) futures have been reacting in a bullish manner to a large inverted head and shoulders pattern, with bulls now targeting completion of the pattern with targets set at $4660.25. Price has tested the neckline multiple times and acted as a strong support which ES has finally springboarded off of. Read More…
Update from last week Last week we analyzed CL and mentioned that there was a chance we could see price drop a few points from $71 before rallying once more above the recent peak, as seen in the chart below. This is exactly what occurred and is a perfect example of a 1-2-3 reversal entry. Outlook Read More…
Quick Update Last time we looked at Yen futures was back on March 2nd. The sentiment has drastically changed since then as US data has cooled and the collapse of SVB. Bulls have enjoyed the recent rally, but the steam is running out, and those who have missed the initial move may see another opportunity soon Read More…
What is Trader Mindset? Trader Mindset are one-on-one sessions with Jay where we figure out the best path forward toward success. There are many psychological aspects we will cover, including discipline, thinking in probabilities, importance, trading plans, how to release the outcome, and more. Because trading is so accessible today, people falsely believe they can Read More…
