The Daily charts below show that the YM and ES are hugging the channel "mean," the NQ has, once again, bounced off the upper level of its channel, and the TF is trading back inside its channel. Volumes are increasing, which are likely signalling either a resumption of the uptrend, or a reversal. Inasmuch as my very short-term RSI indicator is not yet in overbought territory (a reading of 98 is overbought), we may see another day (or several) trade higher before we see a reversal to, potentially, the lower channel.
Welcome and thank you for visiting!
The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.
DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.
* If the dots don't connect, gather more dots until they do...or, just follow the $$$...
UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. March 22 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Fri. April 7 @ 8:30 am ET - Employment Data
* Wed. April 12, 2023 @ 2:00 pm ET - FOMC Meeting Minutes
* Wed. April 19 @ 2:00 pm ET - Beige Book Report
* Wed. May 3 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
*** CLICK HERE for link to Economic Calendars for all upcoming events.