The following swing trading levels are reference points for traders to consider. As we provided levels for a long and short bias, the information is directionally neutral. The levels are also ultra short-term, meaning that support and resistance targets are based on...
Trade War Becomes Currency War Source: Wall Street Journal “President Trump claims trade wars are easy to win, but that boast looks worse than ever amid the financial carnage from his latest threat of tariffs on Chinese goods. His trade war has now become a...
Last week, on July 23, we wrote about a triple top scenario in Exxon Mobil (XOM). This update is for those who took interest in the first piece. At the time, the target at [2] had already been reached. But as I mentioned in the July 23 piece, “The initial breakout...
If you happen to see a chart pattern that looks like a rectangle tilted against the current trend, chances are that you’ve identified a flag, a classic chart pattern. And one thing about flags is that the tighter the flag, the more explosive the breakout (not always,...
Now What (after the rate cut)? Source: Maher/Daily Reckoning “The Federal Reserve has lowered interest rates for the first instance in 11 years…A 25-basis point rate cut it is. In its own telling: In light of the implications of global developments for the...
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