Gold market fundamentals:
Affected by this week's US economic data, according to the CME FedWatch Tool, the market currently has a 55.5% probability of the Federal Reserve cutting interest rates by 50 basis points in September, down from the previous 70%.
The increase in geopolitical risks in the Middle East has led to an increase in safe-haven demand (it is not...
A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look:
Positive Indicators:
• Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability.
• Margin Expansion Potential:...
#BAND
'The price is moving in a downward trend on a 1-hour frame.
The price is moving within it and adhering to it to a large extent,
and it has just been breached. We have a tendency to stabilize above Moving Average 100.
We have a downtrend on the RSI indicator that supports the rise and has been broken to the upside
Entry price is 1.45
The first goal is...
The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the...
After the initial balance, we see that the index continues its weakness and has broken through the 1 Bouhmidi-Bands and the point of control (POC) of Wednesday . Today, the previous day's low and the 1.5 Bouhmidi-Band converge at 5138. A test of 5138 is possible with even a reversal towards the BB range. I also now include TPO charts
SPX - Nice trend day in play. After defending previous day low we moved higher and breaking previous day high. Bull Puts on 1 + 1.5 sigma #BouhmidiBands working out fine today.
Looking at the charts and volumes it done it's 3rd leg wave down in volumes (OBV chart at the bottom) and $0.0003992 US price could of been the next bottom for these waves. If so, Kimbo poised to be big for AVAX meme coin
The OBV volumes showing less selling presure now and good chance in the days ahead great buying pressure
Some of the fundamentals:
Avalanche...
SPX starts with a gap-up and initially fails at the upper #BouhmidiBands. After the initial balance we have seen a breakout above upper Bouhmidi-Bands and now reverting back to bandwidth.
XETR:DAX update - New all-time high due to an expected test of the upper #BouhmidiBand. Attention trend day. A breakout should bring new impulses with the US opening.
started around previous day high and is still trending sideways an hour after opening. A break above could continue the uptrend heading to new ATHs. Next target ist then upper #BouhmidiBands at 5028.
XETR:DAX - The gap-up at the beginning was immediately closed again. Yesterday's previous day's range was almost completely filled. A fall below the previous day's low at 16859 could accelerate the downtrend intraday and target the lower #BouhmidiBand at 16784 next.
S&P 500 one hour to go. New all-time-high in the pocket but as mentioned agressive bulls out there today. Trend was confirmed through couple of indications:
-starting above previous day high
-Break of upper Bouhmidi-Bands (1 & 1.5)
Currently we are close to 2nd upper BB - Here is where the party ends today.
