SPX500 hits Major Resistance Level

Market News & Analysis The SPX500 has returned to major resistance that spans back to October 2018, the level is around the 2816.80 area. The SPX500 hasn’t closed above this level since 9th of October 2018. Currently from a technical perspective price...

Gold returns to main trend line

Market News & Analysis Gold has returned to its main trend line after seeing solid selling overnight as the USD made a fightback. The USD rallied overnight off the back of testimonies from Fed Chair Jerome Powell and U.S. Trade Representative Robert Lighthizer....

US30 hitting Supply Zone, positive news to maintain trend?

Market News & Analysis This US30 trend is reminding us of 2017, straight mainly low volatility rally. In 44 days buyers have added 4247 points since the 26th of the 12th 2018. Amazing looking at this after the doom and gloom of late December 2018. There have been...

Oil hits 3-month highs, new HL extension to continue trend?

Market News & Analysis Oil recovery continues to roll along as buyers made a new HH in Friday’s session. So far Oil has added just over $13 since the 26th of Decembers key bullish engulfing candle. Friday’s 2.2% gain was driven by hope from a Chinese...

US30 – SPX500 trading above key downtrend point.

Market News & Analysis Doom and gloom haven’t been too far away this year with continuing trade concerns, Brexit issues, the slowdown in China and global growth worries. The markets and headlines have always had an interesting relationship. While worry has...