The US 500 stock index (cash) has been building a pattern of higher highs and higher lows since its 2021 downtrend stalled at an almost two-year low of 3,489 in mid-October. With the price trading above its simple moving averages (SMAs) on the four-hour chart and the momentum indicators fluctuating within the bullish territory, buying interest could persist […]
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The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…