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Equity Indices held on to yesterday’s gains in the main. The S&P Futures rallied to just shy of 6850.6885 is the next resistance/target. 6750 is now (Marabuzo) support. NASDAQ Futures didn’t quite manage a close above 25055, …
We write Analysis on a daily basis for over 30 different markets each day. Sometimes a chart comes along that smacks us in the face and says “Buy” or “Sell”. This doesn’t mean there’s a trade to do, as the risk/reward has to be right, as well as the market conditions.
This morning we’ve had one such moment, when looking at …
This is a quick summary of important candlestick patterns. It’s presumed that you know the basics of candles: if you don’t, see the article links in our Members Area.
Without further ado, let’s begin.
1. Bullish Marabuzo
Number of candles: 1.
Description: long green candle which opens near its low, and closes near its high.
Implications: BULLISH.
2. …
We are watching these markets very carefully right now as there is a confluence of events that suggest things may be changing. We don;t often start talking the funny-mentals, and we don’t often worry about relationships between markets, however close they may be. But I’m going to make an exception in this instance.
Price action in Oil is probably tantamount …