BofA Merrill Lynch notes ..... While we remain bullish ESM5, targeting 2109/2136 resistance, and have no interest in fighting the tape, we remain concerned about near-term seasonality and the VXV/VIX ratio. Both warn of …
While we remain bullish ESM5, targeting 2109/2136 resistance, and have no interest in fighting the tape, we remain concerned about near-term seasonality and the VXV/VIX ratio. Both warn of the potential for a correction.
To be clear, both of these factors remain concerns. Trouble doesn't start until we see a break of 2074.00, while a break of 2052.25 invalidates the small head-and-shoulders base that is currently driving the market higher. Bears don't gain control until we break 2029
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
