Technical Analysis

Testing the $260 Level Again...But This Time It's Different...

Testing the $260 Level Again...But This Time It's Different...

Mark Putrino | |

The SPYs are testing support at the $260s level from the lows of February through May, October, and again in the first week of December. There is an important difference this time however.​

ES Sets Up Major Double Bottom Ahead of the Fed

Chris Vermeulen | |

The downside price rotation in the US markets on Monday set up a near-perfect double bottom formation near the 2530 price level and also prompted a dramatic price recovery after reaching these lows.

Natural Gas Breaks Lower Towards Our $3.00 Target

Chris Vermeulen | |

With the price of natural gas below $3.60, it seems this analysis was perfectly timed.

USD/JPY: Threatening the Double-Bottom on a Duo of Negative Factors

FXStreet | |

USD/JPY is trading below 112.50, significantly lower on the day. A risk-off mood in markets supports the safe-haven Japanese yen.

Stocks Crash, Gold and Bitcoin Surge Higher

Jason Hamlin | |

​This won’t be the last time that you read this headline.

Will a Government Shutdown Cause the Market to Crash?

Elliott Wave Trader | |

When you see markets rallying strongly without news, does it ever make you question whether there is something that drives the market besides for news?

Did the Grinch Steal the Christmas Rally?

Lance Roberts | |

So far, the “Santa Rally” has failed to appear and traders are beginning to wonder if they are on the “Naughty List” this year.

EURUSD Remains Cautious

RoboForex | |

The major currency pair is rather unenthusiastic early in the week. The market managed to recover after the weak statistics published last week: investors’ interest in the USD as a “safe haven” asset went down, but they are still very cautious.

S&P 500: Does Low Fear Portend High Risk?

Simon Maierhofer | |

The S&P 500 fell to a new low this week, but various measures of liquidity, breadth, momentum and sentiment show surprisingly little panic.

Expect Gold & Silver to Pullback Before the Next Move Higher

Chris Vermeulen | |

The recent downward pricing pressures in the US and global stock markets have prompted Gold to move well above recent highs near $1242. There's reason to believe for a bigger move higher.