Dow Builds into Range After NFP-Fueled Breakout

Talking Points: – The Dow Jones Industrial Average gapped-higher to start the week, and a range has since built-in that runs from the approximate 24,750-24,850. – The longer-term symmetrical wedge pattern remains in the Dow Jones despite the S&P 500’s topside break to fresh two-month highs. This keeps longer-term strategies at bay on the Dow, […]

Ethereum (ETH) Finds Near-Term Support After Latest Sell-Off

Ethereum Chart and Talking Points – Fibonacci retracement support taken out with ease. – Descending trend line still in charge of market direction. Ethereum Treads Water After Latest Sell-Off The latest Ethereum (ETH) sell-off saw a major Fibonacci support level taken out convincingly, leaving the market vulnerable to further falls in the medium-term. The 78.6% […]

US Dollar Smashed After CPI: When Good News Goes Bad

Talking Points: – The US Dollar saw a quick-spike on the back of yesterday’s US CPI report, but that strength was short-lived as sellers came back with aggression to push the Dollar back down towards three-year lows. The total movement from yesterday’s high to this morning’s low constitutes a -1.7% move in the Greenback. – […]