Looks like the markets are temporarily bottoming out. I'm seeing a bullish pattern on the hourly charts in the form of the famous U-shape. Check out chart below. ($ES_F, $SPY).
Also, Gold ($GLD) and Silver ($SLV) seem to be topping out too. Gold is seeing a +3.7% drop as I type ...
It's been an extremely volatile market the past couple of weeks, and it looks like it's going to get a little bit worse. Below is a weekly and daily resistance/support analysis of the Emini. We are definitely in a bear market that could turn out to be like 2008. Every ...
$ES_F, $SPY, $CL_F, $USO, $TLT
Last week was an intense week, in terms of what happened in the markets. Equity assets were down big, Metals (Gold and Silver) fell sharply, Crude Oil tanked too. The only markets that did otherwise were Bonds ($TLT) and U.S. Dollar ($UUP).
I was completely wrong on ...
I think we can officially declare a bearish market now. The S&P 500 has broken its head-and-shoulder neckline and I don't see it coming back to its 2011 highs. Yes we may see a couple of dead cat bounces but those would be opportunities for sellers to get back into ...
In my last market review - Here, I mentioned the possible targets (support/Resistance) the Emini might reach this week. Given the fact that we are seeing a huge bearish sign taking shape (Head-and-Shoulder), today the Emini hit out target @ 1260 and even broke below that level! If you paid ...
Deutsch