Memorial Day (originally known as Decoration Day) is a federal holiday in the United States for honoring and mourning the U.S. military personnel who have died while serving in the United States Armed Forces.
For nowadays, it is observed on the last Monday of May, and this year it is observed on May 29, 2023.
Memorial Day is considered a U.S. stock market...
The US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week:
US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt ceiling of $31.4 trillion, aiming to avoid a default....
With a tentative agreement to raise the debt ceiling reached over the weekend, we now look to see how the markets react when it is voted on later this week.
Technical Analysis: The megaphone pattern we’ve been watching all month is still in play. We also have the macro uptrend line that we have not tested since March.
My general lean for this week is bullish....
Hello Traders,
May have found a bullish sign on the 4-hour chart.
Looks to be forming a descending broadening wedge. This should finish forming as the weekend comes and passes, Monday looking for a breakout to the upside, depending on a number of fundamental factors.
But based on the chart, if we can break above the trendline going into Sunday late evening and...
Looks like we are closing on a bat pattern (I agree it's a bit border line...)
Over the past 50 years, S&P declines on average 4.7% over the 2 days preceding Memorial day.
I expect traders to lock in gains today and avoid any risk on what could happen on Monday.
It might confirm the pattern.
Next week will coincide also with 2 weeks post re-opening and I wouldn't...
