📊 Market Sentiment: Bullish The market sentiment remains bullish, with a strong upward trend persisting into the final day of 2023. Traders are maintaining a positive outlook, focusing on the support levels of 4829-31 and 4808-04 and resistance levels of 4834 and 4838. The general mood of traders is of cautious optimism, with many hoping to cap off the year with...
"Current market analysis indicates a bearish outlook for USDCAD , with a specific downside target set at 1.31418. The bearish sentiment is supported by the risk level set at 1.32723. The decision is rooted in the observation that the previous low at 1.30924 served as a successful target, leading to the belief that the currency pair is likely to head in that...
📊 Market Sentiment: Bullish Santa Rally Continues The market remains steady as the traditional "Santa Rally" lifts spirits and prices. Bulls are in firm control with the critical support at 4808 serving as the line in the sand. 📝 Recap: Steady Above Support The market has been resilient, notably maintaining above the 4822 level. A late-day failed breakdown...
" Anticipating a bearish trend in USDCHF , with a target set at 0.83542 and a risk level at 0.84313. The bearish sentiment is grounded in the analysis of the previous low at 0.83435, which serves as a key indicator, suggesting a potential revisit to that level in the near future ."
📊 Market Sentiment: Bullish Santa Clause Rally The market sentiment remains cautiously optimistic, with the S&P 500 pushing to newer highs. However, there's an undercurrent of caution with the risk of corrective consolidation. The main focus is on major supports at 4813-16 and 4800 to maintain the rally. A sustained hold above these levels will be crucial for the...
" EURUSD is currently in a bullish trend , with a target set at 1.12188 and a risk level at 1.09822. The bullish sentiment is supported by the recent break of the previous high at 1.10954. Considering the prior success in reaching a target of 1.12757, there is confidence that the currency pair is poised to head in that direction once again."
📊 Market Sentiment: Shifting Tides Amidst Volatility Despite a recent downturn, the market remains in a robust uptrend. The S&P 500 Futures experienced a red day, triggering a sell-off, but the bulls are still in play, awaiting a reclaim of certain resistance levels. Critical for the bulls is the 4740 area; holding above this level could initiate upward...
📊 Market Sentiment: Sustained Bullish Sentiment The market has recently demonstrated a notable positive trend, marked by nine consecutive days of gains. This upward movement might align with the phenomenon known as a "Santa Rally," traditionally observed in the stock market towards the end of December and the beginning of January. Typically, this rally is...
📊 Market Sentiment: Bullish The market has been on a steady upward trend, with the March ES contract rolling from December front month to March. The key support and resistance levels have been identified, focusing on the 4756-58 to 4786 range. 🌏 Major Global Catalysts The discovery of a large tunnel near the Gaza border by Israel has sparked concerns about...
📊 Market Sentiment: Bullish Stay light on OPEX day due to the potential for choppy trading. Look for a potential base building in the 4756-83 range for a potential leg up to the 4804-08 zone. If 4756 fails, prepare for a potential pullback. 📈 The Markets Overnight 🌏 Asia: Mostly up 🌍 Europe: Up strongly 🌎 US Index Futures: Up strongly 🛢 Crude Oil: Up a lot 💵...
I expect EURUSD to respect the demand zone and go for a short-term pull back
📊 Market Sentiment: Neutral to Bullish 📈 The Markets Overnight 🌏 Asia: Mixed, China down a lot 🌍 Europe: Up a bit 🌎 US Index Futures: Up a bit 🛢 Crude Oil: Up a bit 💵 Dollar: Down slightly 🧐 Yields: Down 🔮 Crypto: Down 🌏 Major Global Catalysts COP28 deal calls for the tripling of renewable energy capacity by 2030 and the eventual phase-out of fossil...
📊 Market Sentiment: Neutral to Bullish 📈 The Markets Overnight 🌏 Asia: Up 🌍 Europe: Up slightly 🌎 US Index Futures: Very near unchanged after declining 🛢 Crude Oil: Down a lot 💵 Dollar: Down slightly 🧐 Yields: Down slightly but well off the lows 🔮 Crypto: Up 🌏 Major Global Catalysts CPI inflation prints very slightly hotter m/m, inline with expectations. ...
📊 Market Sentiment: Bullish Both the 4-hour and daily data indicate a bullish sentiment for the S&P 500 Index Futures, with closing prices consistently above the 9, 21, and 55 EMAs. 🔄 Market Recap Last Thursday's rally from 4556 to 4590 occurred on a textbook failed breakdown. This was followed by another squeeze after the NFP release last Friday, due to yet...
📊 Market Sentiment: Bullish The current market sentiment is bullish, as indicated by various key factors. The closing prices are consistently above the Exponential Moving Averages (EMAs) for 9, 21, and 55 periods in both the 4-hour and daily datasets, highlighting a positive trend. Additionally, the market is maintaining levels above key support zones while...
📊 Market Sentiment: Neutral The immediate market conditions lack a strong bullish drive, thus leaning towards neutrality in the short term. 🔄 Market Recap November proved to be a bullish month, with the ES rallying over 450 points, demonstrating remarkable resilience. However, since November 20th, ES has been in a consolidation phase, oscillating within a...
📊 Market Sentiment: Neutral to Bearish The S&P 500 Index Futures have been hovering in a choppy zone between 4550-4580, presenting a challenging environment with limited predictability. Despite the uncertainty, the overall trend remains slightly bullish, contingent on the key support level of 4555 holding firm. It's imperative for traders to acknowledge the...
📊 Market Sentiment: Neutral to Bearish As December unfolds, the market sentiment leans towards a neutral to slightly bearish outlook. This cautious stance reflects the global financial landscape's current dynamics and the anticipation of key economic events. 🔄 Recap November stood out as the most bullish month of the year, showcasing a significant rally of +470...