Technical Analysis and Outlook: Bitcoin's price has risen this week, surpassing Major Key Resistance 67530 and the all-time high of 69000. Its ongoing targets are the Inner Coin Rally 72500, the Next Inner Coin Rally 78200, and the Outer Coin Rally 81400. A slight dip to the Mean Sup at the 63800 price is expected before the next rally. Despite the increasing...
Technical Analysis and Outlook: As indicated on the chart analysis for February 23, the S&P 500 (Spooz) index excelled yet again as expected, bouncing off the strong Mean Support 5060 and reaching a new high. The main up price target for the index is Outer Index Rally 5170, with a prospect of extending to the next Outer Index Rally 5280. Notwithstanding, once...
The main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time. The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton...
Technical Analysis and Outlook: As indicated on the chart analysis for February 16th, the S&P 500 (Spooz) index shined as expected and reached a new high, surpassing all resistance and index rallies, including Key Resistance at 5029, Outer Index Rally at 5035, and 5072. However, its current price action is in retreat, and it is entering a pivotal squeeze mode -...
Technical Analysis and Outlook: Throughout this week's trading, Bitcoin has been showing a lot of gyration, with its price moving back and forth between two key levels: our Mean Resistance level of 52500/completed Coin Rally level of 53000, and newly created support at 50600 during this period indicating that the price has found some stability. However, despite...
❤️MY FOREX TEAM❤️ INFORMATION Gold (XAU/USD) rose for the fourth straight session on Tuesday (+0.50% to $2,027), firmly establishing itself above the $2,025 mark, supported by declining U.S. Treasury yields and a subdued U.S. dollar, with risk-averse sentiment on Wall Street likely reinforcing the metal’s advance. 💲BUY GOLD 💲 💲SELL GOLD 💲 Signal Updates in...
Technical Analysis and Outlook: According to the chart analysis on Feb 9, the S&P 500 (Spooz) index has completed our Outer Index Rally of 5035. It is now retreating and entering a pivotal squeeze mode. The main price target is Mean Sup 4945, possibly extending to Mean Sup 4847. After reaching these levels, the index is expected to rebound strongly and retest Key...
Technical Analysis and Outlook: The Eurodollar experienced a decline during this week's trading session. It crossed our Mean Support level of 1.074 and Inner Currency level of 0.075 before quickly bouncing back to the Mean Resistance level of 1.079. Currently, the currency is in a primary downward trend and is expected to continue until it reaches the Inner...
Technical Analysis and Outlook: The S&P 500 index has reached and surpassed our Inner Index Rally 4980, and we expect it to continue to rise in the upcoming week. Our projection is that it will fill the five-handle gap to reach an Outer Index Rally 5035 and then continue to Inner Index Rally 5072. However, we anticipate potential pullbacks in the market at this...
Technical Analysis and Outlook: The Eurodollar traded lower in this week's trading session by completing our Inner Currency Dip of 1.075 and settling in a tight range, hovering above our Mean Sup 1.074 and under Mean Res 1.079. The Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support of 1.074 and the Inner...
At the latest FOMC meeting on January 31st, Jerome Powell stated, 'The Fed is not ready to start cutting,' which immediately caused the yield to pivot higher. During an recent interview on Sunday, February 4th, he reiterated that the US central bank is not yet prepared to cut interest rates, resulting in another increase in the yield. Today, we will discuss the...
Technical Analysis and Outlook: During the recent trading session, the Spooz (S&P 500) experienced a dip toward the Mean Support level of 4845 for an excellent Buy signal placement. The prices ricocheted strongly toward the Inner Index Rally level of 4980, reaching a high of 4975. Looking ahead to the upcoming week, we anticipate that the price will fill in the...
Technical Analysis and Outlook: Spooz has completed the Inner Index Rally at 4882 and is continuing its upward movement toward a higher target; the Outer Index Rally marked at 4980. However, once we reach the designated target, there is a possibility of a squeeze that could cause prices to drop to the Mean Support level of 4845. In the meantime, the index may...
Technical Analysis and Outlook: The Eurodollar gyrated between our Mean Res 1.090 and Mean Sup 1.084 throughout this week's trading. The continuous primary downward designation is the established support level marked at 1.076 and the Inner Currency Dip level of 1.075 with a strong possibility of a dead-cat rebound to reversed (Resistance) Mean Sup 1.084. On the...
Legendary investor Warren Buffett was on a trip to Tokyo, the capital of Japan, ten months earlier in mid-April 2023, and the titans of the country's giant energy and commodity conglomerates were there to make their presentations. As usual, over glasses of Coca-Cola NYSE:KO - one of Buffett's most famous investments, they walked into Warren Buffett's suite at...
Technical Analysis and Outlook: Spooz's robust movement from our Mean Sup 4745 toward our designated target, Inner Index Rally 4882, is on its way, leaving no fingerprints at the crime scene at the completed Outer Index Rally 4807. The advancement toward a higher target Outer Index Rally 5035 is now in its making. However, once we reach the designated target of...
Technical Analysis and Outlook: Spooz's extended movement toward our designated target, Mean Res 4783 and Key Res 4800, is noteworthy. However, the completed Outer Index rally poses a significant barrier to advancement towards higher targets: Inner Index Rally 4882 and the next Outer Index Rally 5035. The current level of tight trading range supports this theory....
Technical Analysis and Outlook: The Spooz extended down movement from our designated target Key Res 4800 and Outer Index Rally 4807 and now rests comfortably at our Mean Support level of 4700. The current market conditions suggest we experience a squeeze that could take us down to the Mean Support level at 4644 and possibly even the Inner Index Dip at 4595....