Market Profile Value Areas and POC figures for /ESM6 and /NQM6 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost […]
In today’s FX Hour, we reviewed the current market conditions and spent time discussing my custom approach to Fibonacci Fans. We discussed the reverse anchor technique to provide targets on new and emerging trends.
(Duke Energy – Consolidated Edison) We have had the pair in the below pending trade for a couple of weeks now, and as I suspected, the pair has rolled over, after attempting a run back up to the mean. Now my thoughts are that we will see this pair settle down toward the previous support […]
The entire planet of technical traders has its collective eye on the gold miners index (GDX). Please observe the chart below. GDX closed at its 50 day moving average(simple, red line) yesterday. It is now less than one daily average true range measure from the ascending trendline off January lows. GDX is sure to react […]
U.S. home builders reported big new home construction this past month pushing equities slightly higher. The very big build should have pushed equities higher than what it did. The real estate market can be a double edged sword as construction means growth and expansion but it could also be an indication of a new housing […]