Less than 3 months ago, Snowflake was left for dead. The stock was one of the biggest names in software, and then software fell apart. Traders called it the SaaSpocalypse, the stretch where cloud-software stocks got torched on fears that AI would make them obsolete. Snowflake got hit as hard as any of them. At…
LUNCUSDT on the 12H timeframe is still trading within a Descending Channel (Falling Channel) that has contained price action since the early May peak. š The current structure indicates that the medium-term trend is still dominated by sellers, but price is approaching the end of the channel, increasing the probability of higher volatility and a…
Gold is trading inside a symmetrical triangle as markets await tonight’s key U.S. labor market releases, including Initial Jobless Claims, Employment Data, and the final positioning ahead of Friday’s Non-Farm Payrolls (NFP). These events are expected to inject significant volatility into both the U.S. Dollar and Gold. Price remains trapped between a rising trendline and…
1H Ā· US Nas 100 I started the week bearish, but NAS has shown real strength and I’ve flipped with it. Monday came in with an impulsive move up ā that’s my first tell for a bullish week. Since then price has been retracing down into the Daily FVG, which I read as accumulation, not…
EURJPY: BOJ Intervention Remains the Key Risk EURJPY broke out of an āAscending Channelā. This usually indicates an increase in downward momentum. Given that EURJPY is very overvalued, the chances of a decline are also higher. The only problem that makes this setup very dangerous is that it is related to the BOJ Forex Intervention….
Copper arrives in July at an inflection point that has been building in the market over the past eighteen months. The US Commerce Department delivered its Section 232 recommendation on a tariff on refined copper to the White House on June 30, and the result is critical. If approved, a tariff of 15% in 2027…
In our April update, we found, using the Elliott Wave Principle (EWP), that Bitcoin () would ideally rally to $82,612- $84,339 before another decline. BTC topped at $82,813 on May 6 and hit a new low at $57,739 today. So far, so good; see Figure 1 below. The recent decline is best counted as a…
Most people who got rich in the Gold Rush never mined a day in their lives. The prospectors chased the shiny stuff, and most of them went broke. The ones who built real fortunes sold the picks, the shovels, the pans, and the blue jeans. They didnāt bet on which prospector got lucky. They sold…
The AI-led rally on Wall Street extended into Asia, with semiconductor stocks driving another leg higher in global equities. Risk-on sentiment remains intact, which could keep stocks in recovery mode and provide a supportive backdrop for digital assets. With the beginning of July, we could see increased volatility as investors await speeches from several major…
Jensen Huang stood on a stage and pointed at Marvell. The most important man in artificial intelligence, the CEO of Nvidia, called it the next trillion-dollar company in front of a live crowd. The stock ripped 32% that day, its biggest single-day move ever. When the person building the engine of the AI economy tells…
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