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ES Futures Ready for a Reversal?
The S&P 500 (ES) has rallied lately, but it is now hitting a key level of resistance that we need to be aware of. The bulls have been testing that level during the past few trading sessions and are slightly above it right now. However, this is a known level of U-turn, and we are …
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What a Falling US Dollar Means for BTC
Last week, I told you I have been seeing some signs that should lead lower prices for BTC… The biggest headwind, in my view, is still the strong US dollar. That is one of the main reasons BTC has been so weak this year. Investors from around the world have been seeking out the safety …
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Market Breadth Points to Lower Lows Ahead
One of the main reasons I am expecting lower lows is that the internals of the major indexes are still very weak.
The post Market Breadth Points to Lower Lows Ahead appeared first on Stock Surge Daily.
….How I Plan to Trade This Bear Market Rally
With a weekly gain of 5.73% at Tuesday’s close, the S&P 500 just had its best two-day rally since March of 2020.
The post How I Plan to Trade This Bear Market Rally appeared first on Stock Surge Daily.
….Your Guide to the Double Top Pattern
Last week, we talked about the “double bottom” pattern and explained why we could be seeing one form in the S&P 500. With yesterday’s big gain in the broad market and with another big push by the bulls ahead of the open this morning, we’re hoping that the June lows continue to hold and that …
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Bulls Fight Back, But Bearish Trend Remains
The bulls are fighting back against the bears as the new week begins… After closing below the June lows last Friday, the Nasdaq 100 (NQ) futures market is bouncing back today by 1.6%. Stocks are up across the board, but it’s important to remember that this market is still firmly in a down trend. Therefore, …
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