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Key Index Gaps

Key Index Gaps

Image Source: UnsplashI’ll end the day with some major index charts and, highlighted, the critical gap levels.And if I may say so, I’d say this insane VIX collapse is just about wrapped.More By This Author:Volatility DemolitionBalsa Wood FoundationCommodity Reversal Working
SPY: Whipsawed Around In This “Tangled Web” Market Environment

SPY: Whipsawed Around In This “Tangled Web” Market Environment

Image Source: PexelsBloomberg called it a “solid rebound,” which is laughable. What happened to the demand for an emergency Fed meeting to slash and burn rates from last Monday – because the US was circling the drain? Monday’s debacle was a dramatic move created because Japan raised rates the week before, causing the carry trade to […]
Japan Stocks Lead Asian Markets To Best Week In Four Years

Japan Stocks Lead Asian Markets To Best Week In Four Years

Image Source: PixabayJapan’s stock market experienced a notable surge on Friday, driven by a rally in U.S. equities and positive economic data. The Nikkei 225 Index soared by over 3%, positioning itself for its strongest weekly performance in four years.The broader Topix Index also posted gains, rising by more than 2%.The uptick in Japan’s stock indices […]
Arbitrum DAO approves ARB staking proposal

Arbitrum DAO approves ARB staking proposal

Key Takeaways Over 25,000 participants backed the ARB staking proposal with 91% approval. The proposal introduces a liquid staked ARB token to enhance governance and utility. Share this article The Arbitrum DAO has passed a temperature check proposal aimed at increasing the utility of the ARB token and enhancing governance security. The proposal received 91% […]
Gold Close To 2450.58: Will The Gold Return And Break Below 2450.58 Support?

Gold Close To 2450.58: Will The Gold Return And Break Below 2450.58 Support?

Image Source: UnsplashToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect and where the price will break out for the XAUUSD based on the supply and demand zones.Video Length: 00:03:44More By This Author:Gold Dropped From 2450.58; Will The […]
Elliott Wave Technical Analysis: TRON Crypto Price News For Friday, Aug 16

Elliott Wave Technical Analysis: TRON Crypto Price News For Friday, Aug 16

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartTRON/ U.S. dollar(TRXUSD)TRXUSD Elliott Wave Technical AnalysisFunction: Counter trend    Mode: CorrectiveStructure: TrianglePosition: Wave ((D))Direction Next higher Degrees: wave IV of ImpulseWave Cancel invalid Level:Details: Movement within the Triangle pattern.TRON/ U.S. dollar(TRXUSD)Trading Strategy: The movement within the Fourth Wave Triangle pattern continues. We still lack two more moves to complete the pattern; so wait for the […]
USD/CAD Hovers Around 50-Day SMA, Remains On The Defensive Below Mid-1.3700s

USD/CAD Hovers Around 50-Day SMA, Remains On The Defensive Below Mid-1.3700s

Photo by Michelle Spollen on Unsplash USD/CAD stalls this week’s recovery from the monthly low amid the emergence of some USD selling. Dovish Fed expectations, retreating US bond yields, and a positive risk tone exert pressure on the USD.  Softer Crude Oil prices could undermine the Loonie and help limit any further losses for spot prices. The USD/CAD […]
Is The Dollar Facing A Multi-Year Decline?

Is The Dollar Facing A Multi-Year Decline?

Image Source: UnsplashThe U.S. dollar has been on a remarkable run, reaching levels of overvaluation not seen in decades. However, according to the well-known currency strategist Marc Chandler, Chief Market Strategist at Bannockburn Global Forex and regular writer at MarctoMarket.com, this trend may be coming to an end. In a recent interview with Financial Sense, Chandler laid […]
Silver Price Forecast: XAG/USD Holds Below $28.50 As Traders Shred Bets On Deeper Fed Rate Cuts

Silver Price Forecast: XAG/USD Holds Below $28.50 As Traders Shred Bets On Deeper Fed Rate Cuts

Image Source: Pixabay Silver price drifts lower to $28.15 in Friday’s early Asian session, down 0.70% on the day.  US July Retail Sales came in better than expected, rising 1.0% MoM; Initials Jobless Claims fell to 227K last week. Traders will watch the Fed’s Goolsbee speech and first reading of US August Michigan Consumer Sentiment Index […]
Elliott Wave Intraday Analysis: NFLX Should Continue Rally

Elliott Wave Intraday Analysis: NFLX Should Continue Rally

Image Source: PexelsShort Term Elliott Wave in NFLX suggests that the Stock has completed a bearish sequence from 7.05.2024 high. The decline made a double correction Elliott Wave structure. Down from 7.05.2024 high, wave (W) ended at 600.00 low. Rally in wave (X) ended at 678.97 with internal subdivision as a zig zag correction structure. Up from […]