Gold held below the SMA 50 (ref. NFTRH 761) and is dropping post-FOMC because, of course it is! It's FOMC week and the Fed is talking tough and the inflation…
ES and NQ are set to each tick a new rally high ES and NQ are laggard and leader, respectively. ES (S&P 500 futures) wants to follow its leader in…
Gold and SPX (ES) are doing what a sentiment relief bid would do The supposed banking "crisis" is an excuse to spur over-bearish sentiment into what I think may be…
A look at Nasdaq 100 and S&P 500 futures daily charts The NQ and ES daily charts are at important junctures as the Q4-Q1 broad rally grinds on (such as…
If I am going to write like me as opposed to writing like a market analyst I am going to write that the recent bump in inflation signals and hence,…
Pre-market snapshots... Gold is holding support #1 in what could be a bear flag with fading volume. It did, however, hold a valid support area. I'd still ultimately think about…
Gold is cracking below 1920 (currently futures are 1901). Silver is cracking out of consolidation below key resistance and also poking through the daily SMA 50 (currently futures are 22.95).…
A quick view of S&P 500 futures (ES). It has failed at the logical area (downtrending SMA 200) three times since early December. There are positive breadth and leadership signals…
The downside target for SPX has been 3200 +/-. It closed at 3678 yesterday after a bounce. This morning the futures (ES) are up 2.22%. Could the bullish plan, as…
Gold's ratios to stocks, copper and silver (daily charts)... "It's a process" he parroted for months on end. Gold/ES continues its recovery and bodes well for the counter-cyclical view from…
ES (daily) has failed oh so logically at the downtrending SMA 200 (orange), bounced to test resistance, failed again and now grapples for support. This is a bear market chart…
It is still summer silly season and as such it would not be surprising for ES to hold support here and take one more lunge upward during the pre-FOMC time…
Using the S&P 500 and Nasdaq 100 futures as examples, let's bring the US market correction up to date. Monday played out to one option we had noted, which would…
[edit] heading into the open DXY has taken back the SMA 50. FYI... Daily chart technical snapshot of some key items Gold is testing Friday's break above the SMA 200.…