Was a bear market bounce just confirmed in the Nasdaq 100 futures? If the short-term top is in, what could push around equities next and could the NAS100 be headed? Nasdaq 100 Index Futures: 4-Hour After a brief round of bullish vibes it looks like the bears may be back in control in the equity … Read more
Note on Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts. Note On Brokers: Download our Preferred Broker Platform with New York Close Charts Here. GBPUSD – SPOT: Buying From The Bullish Fakey + Pin Bar Setup Price Action: Price formed an ultra-small Bearish Pin Bar … Read more
Who’s in the mood for trend and range plays? Whether you’re a champ at trading comdoll crosses or you prefer short-term crypto trading, I got yo back with setups on ETH/USD and AUD/NZD. Which pair would you rather trade? ETH/USD 1-hour Chart Ether has been making pips rain since mid-June when it found a bottom … Read more
A lack of top-tier economic data releases meant that traders had a lot of time to process a few oil-related updates. For starters, French President Macron was overheard spilling the T to POTUS Biden that the UAE is at maximum production capacity, and that Saudi Arabia can maybe increase its output by 150 thousand barrels … Read more
Where my bond trading friends at?! We’ve got a central bank potential catalyst ahead that could get bond prices and yields jumping before the end of the week. Will traders use that to play the longer-term trend lower? TLT Bond ETF: 4-hour TLT (20+ Year Treasury Bond ETF): 4-Hour Bond prices have been getting crushed … Read more
Do athlete swimmers win Olympic medals by jumping out of their bed and into the pool? Heck no! They put in their laps, study their tapes, and do warm-ups before the starting pistol is fired. This is exactly what traders are supposed to do. Exactly. Not the getting into a tight swimwear part, but the … Read more
The last trading week of the month means we gotta step up our game to get those last-minute profits! I’m looking at Nike, Brent crude, and EUR/AUD’s daily charts for opportunities. What do you think? Nike, Inc.: Daily Nike, Inc. Daily Chart Nike, Inc. (NKE) has been on a downtrend since late 2021 when the … Read more
There are not a lot of top-tier economic reports scheduled for printing this week, but we will see a bunch of CPI releases while major central bankers share their two cents in a central bank forum. But before talking inflation and interest rates, ICYMI, I’ve written a quick recap of the market themes that pushed … Read more
Note on Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts. Note On Brokers: Download our Preferred Broker Platform with New York Close Charts Here. GBPJPY – SPOT: Buying On A Breakout Above The Potential Bullish Multi-Bar Fakey Setup Price Action: Price formed an Inside Bar … Read more
Even with more data showing high prices remain and signals of a potential recession ahead, broad financial markets were relatively choppy this week and forex was a mixed bag. The Swiss franc took the top spot once again, continuing last week’s bullish move, while the Japanese yen was the biggest loser as the BOJ keeps … Read more