Futures Frolics By Tim Knight - 4 weeks ago (03, Nov 2024 11:00:00 AM) Here are a few thoughts about six futures charts, found in the captions. As always, clicking a chart makes it bigger. The trendline failure is a big deal. Next key support is the Fibonacci. Gold has moved a thousand dollars in a year. I think a “wave 4” retracement is in the cards. The long-term cycle is still intact, suggesting higher prices long-term. French equities are at the cusp of a major downturn. The /NQ hasn’t had the dramatic trendline failure that the /ES has, but there’s damage. Bonds are a wreck. It doesn’t matter what Powell does on Thursday. Rates are going up. « Prior Next » https://slopeofhope.com/2024/11/futures-frolics.html Futures Frolics In order to comment on this blog, you must have JavaScript installed and enabled. « Prior Next »