Key Support: 33800 Key Resistance: 34100 – 34500 After falling and closing extremely bearish last Friday, the Dow rejected the 33000 level printing a super bullish daily candle (+2.76%). The last 2 days have been very rangebound for the Dow but price printed a continuation pattern (flat triangle) right at the previous broken base. Buyers […]
US 30 was into a strong sell-off in the short term but now it has reached a strong support area. USD’s further decline could help the Dow Jones to start increasing again. Today could be crucial for the greenback as the US is to release its inflation data. Technically, the bias remains bullish despite the […]
Key Support: 32710 Key Resistance: 32800 – 33000 The Dow (US30) has been trading in a bearish structure since the highs on March 18th to the lows yesterday in a -1172 pip move (-3.52%). Yesterday we saw a big wave of buyers coming in from the lows pushing price up to retest the weekly pivot. […]
The S&P 500 (SPX) and the Nasdaq 100 (NDX) slipped lower on Wednesday, as US bond yields rallied ahead of the FOMC policy statement slated for later today, where traders will be watching if the central bank raises interest rates sooner than expected. The benchmark 10-year yield recorded a new 13-month high around 1.67%, which […]
The Dow crashed more than 3% Yesterday on the first Monday of trading in 2021. This move is by no means a Bearish signal but more of a dip buying opportunity if the next scenario plays out: The Georgia election for Senate are undergoing and this is SO important for stocks. A Democrat win would […]
The Dow Jones closed negative -0.22% yesterday after rallying +0.75% to all time highs around 30590 amid the possibility of more fiscal aid being approved by Congress. The new relief bill has been signed into law and the $600 stimulus checks are now being distributed to American citizens. Senate Majority Leader Mitch McConnell blocked yesterday […]
Name: Sir John TempletonDate of birth: November 29, 1912Nationality: British, Bahamian (and formerly American)Occupation: Investor, businessman, researcher, philanthropistWebsite: Templeton.org Life and CareerSir John Templeton was born in Winchester, Tennessee, USA. He went to Yale University (where he was an assistant business manager for campus humor magazine). He financed his own education by playing poker – […]
The Dow Jones is retesting the highs again premarket on moderate volume trading below the point of control of today’s session and retesting the vwap (volume weighted average price). This is the third time this week this level has been retested and rejected premarket and then flushed at the opening. we expect the same to […]
