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GOLD Reaches New All Time Highs
The Gold market has been boring for quite some time. There has been neutral price action within a range between $2,300 and $2,400. However, GOLD is starting to form a bullish breakout from this range, and is rallying to new all time highs. I have $2,567.50 as my first key resistance target on the way […]Read More
Bitcoin Update: Bull Flag Formation and Key Buy Opportunity at $55,400
Here’s a quick update on Bitcoin. We’re currently still within the bull flag formation that’s been developing since March. Bitcoin is trading around the 200-day moving average, a significant demand zone. Historically, when Bitcoin retraces to the 200-day moving average, it tends to hold and bottom out, even if the price dips slightly below this […]Read More
Bullish Outlook for S&P 500 Amidst Dow Jones Leadership and Market Rotation
The S&P 500 futures chart is showing a similar pattern. We witnessed a breakout, albeit a weaker one. It’s important to note that the S&P 500 didn’t decline as much as the NASDAQ, resulting in smaller overall moves both down and up. We observed a bullish cross on the stochastic, but it didn’t quite reach […]Read More
Bullish Outlook for S&P 500 Amidst Dow Jones Leadership and Market Rotation
The S&P 500 futures chart is showing a similar pattern. We witnessed a breakout, albeit a weaker one. It’s important to note that the S&P 500 didn’t decline as much as the NASDAQ, resulting in smaller overall moves both down and up. We observed a bullish cross on the stochastic, but it didn’t quite reach […]Read More
Technical Analysis of US 10-Year Government Bond Yield Chart
US 10-Year Government Bond Yield Chart Key Observations: ☑️ Trendline Support – The yield is currently respecting the rising trendline, suggesting that the uptrend remains intact unless a decisive breakdown occurs. ☑️ Oversold Conditions – The Stochastic RSI indicates that the yield is in oversold territory, which typically precedes a price rebound. ☑️ Potential Rebound […]Read More
NASDAQ 100 Surges Beyond Bullish Channel: A Warning Sign of Over-Concentration
Here’s the NASDAQ 100 1-hour chart tracing back to the October 2023 bottom. Notably, this is the first instance since that October low where the NASDAQ has surged beyond the resistance level of its bullish channel. It’s important to note that the second bullish channel, which took shape after the April bottom, has a steeper […]Read More
Comprehensive Analysis of Market Breadth in Relation to the S&P 500 Index (SPX)
The chart provides a comprehensive analysis of market breadth in relation to the S&P 500 Index (SPX) as indicated on the CBOE. The chart is divided into two main sections: Top Section (Market Breadth Indicator): The top part of the chart displays the market breadth indicator, which measures the number of stocks advancing versus those […]Read More
Divergence Alert: S&P 500 Hits New Highs While Dow Components Lag, Echoing Pre-September 2021 Sell-Off Pattern
At the top, we have the Dow Jones Industrials, in the middle is the Dow Transports Index, and at the bottom is the S&P 500. This rally in May and June is the first I’ve observed since September 2021 where the S&P 500 is hitting new highs, but both Dow Jones components aren’t keeping pace. […]Read More
S&P and NASDAQ Trade Near Resistance
The S&P and NASDAQ experienced a very bullish rally since the recent flash crash caused by the Sahm’s rule recession indicator. I think the S&P is trading near all time highs while the NASDAQ could potentially be forming a lower low over here. Next week is seasonally bullish, and NVDA reports earnings on August 28. […]Read More
JBLU Nosediving to All Time Lows
JBLU appeared on my bearish scanner for next week. There was a recent rejection at the $7 price level, and JBLU has been trending down towards all time lows around $3.41. With a bearish seasonality trend JBLU is likely to continue dropping to these all time lows for a potential buy opportunity there. Follow me […]Read More