This year, as the United States unexpectedly passed the review of ETFs of Bitcoin and Ethereum, the cryptocurrency market also ushered in a new round of quotations. However, driven by positive factors such as halving, BTC itself has not performed well in the past quarter. After setting a new record high, the price has basically remained in the range of 60,000 to 70,000 US dollars and fluctuated sharply.The good news is that the market cannot stay sideways forever, and such a breakthrough is expected soon.Mode 1: Ready to go, make a rapid breakthroughFor the Bitcoin, the relatively large consensus is still that the bull market is not over, so the difference may lie in the form in which the correction is ended. After the BTC price broke through the 60,000 mark, it has completed a completed z

After the CPI data of October was released in the United States, the the US Dollar Index fell sharply, and the three major stock indexes in the United States rose sharply. The market generally predicted that the Federal Reserve might start the process of cutting interest rates by the end of next year at the latest. According to historical performance, the Federal Reserve will have a negative impact on the global capital market during the rate hike, especially the US stock market, and will play a certain role in promoting the recovery of the capital market during the Fed's interest rate cut.In this way, it is easy to understand the strong short-term performance of US stocks, but from the perspective of the past year, the performance of the S&P 500 index is not satisfactory.Figure 1: Tre

In this latest market update, I will continue my analysis of the $Micro E-mini S&P 500 - Sep 2023(MES2309)$, which had been grappling with significant bearish sentiment, as previously discussed. The break above the resistance level at 4447.50 had piqued my interest, as it is sparking the possibility of a short-term bullish upswing. 1 Hour Chart The S&P 500 futures price displays remarkable resilience, consistently forming higher lows and navigating confidently within the confines of an ascending channel, signifying a robust and ongoing bullish momentum. The channel's unbroken continuity underscores the potential for the bullish sentiment to endure, contingent upon the price's ability to stay within this channel. Traders are strongly e

In today's market update, our focus remains on the $E-mini S&P 500 - main 2312(ESmain)$, which has recently grappled with a notable bearish sentiment, as discussed in previous analyses. The critical support level of 4496.25 was breached, indicating the potential for an extended bearish trend. 1 Hour Chart Current 1-Hour Chart Analysis Higher Low Formation Presently, the S&P 500 futures market is in a consolidation phase, showcasing signs of a potential shift in momentum. Notably, higher lows have been established, which is a positive development. To foster a short-term bullish outlook, it would be advantageous if the price successfully retests and maintains levels above 4447.50. Such a move would signal a higher low, raising the probab

In today's update, let’s continue to look at $E-mini S&P 500 - main 2309(ESmain)$ which has encountered a substantial bearish sentiment in recent sessions. As previously discussed, the market had breached the critical support level of 4496.25, indicating the potential for a prolonged bearish trend. 1 Hour Chart Current 1-Hour Chart Analysis Presently, the S&P 500 futures are consolidating within the range established during the previous trading session. For a potential bullish scenario to materialize, it would be favorable if the price successfully retests and holds above 449.23. Such a development would signify a higher low, increasing the likelihood of an eventual breakout to the upside. Conversely, if the price revisits the range of

In today's financial update, the $E-mini S&P 500 - main 2309(ESmain)$ has experienced a significant development, further emphasizing the prevailing bearish sentiment. As discussed in our previous analysis, the market had broken below the critical support level of 4496.25, indicating the potential for a sustained bearish trend. 1 Hour Chart Bearish Momentum Intensifies The market's price action has demonstrated the strength of the bearish sentiment as attempts to reclaim 4496.25 were unsuccessful. Instead, we witnessed a substantial decline, with the price reaching as low as 4447 before experiencing a brief bounce towards the range of 4466 to 4473. It's essential to note that this bounce should not be interpreted as a signal for a full-fled

In today's update, we continue to witness a bearish bias in the price action of the $E-mini S&P 500 - main 2309(ESmain)$. As we discussed in the previous analysis, the market encountered a breakout from the uptrend channel. This signals the potential emergence of a bearish trend. 1 Hour Chart Key Levels to Watch The price action currently stands at 4496.25, emphasizing the bearish sentiment observed recently. It's crucial to monitor this critical support level closely, as it plays a pivotal role in shaping the market's future direction. In the event of a breach below 4496.25, the next support zone to keep a close eye on is the range between 4477.50 and 4485.50. This range represents a significant support area, and

Today's financial update brings a shift in market sentiment as the $E-mini S&P 500 - main 2309(ESmain)$ encounters resistance at the critical level of 4531.75. This rejection has led to a breakout from the previously observed uptrend channel, signaling a potential shift towards a bearish trend. As investors and traders adapt to this scenario, it becomes essential to assess the current situation and consider strategic adjustments. 1 Hour Chart The price action now leans towards a bearish bias, with the next significant level of interest standing at 4496.25. A decisive breach below this level could pave the way for further downside movement. Traders are advised to monitor this critical support level closely as it plays a pivotal role in dete

The $E-mini S&P 500 - main 2309(ESmain)$ is displaying a compelling technical setup. Currently riding the waves of an uptrend channel pattern, the market finds itself in close proximity to a minor resistance level. Traders closely eyeing this situation believe that a decisive breach above the key level at 4531.75 could pave the way for a noteworthy ascent towards the upper boundary of this channel. 1 hour chart This scenario sets the stage for an intriguing trade idea. Should the E-mini S&P 500 successfully overcome the 4531.75 resistance barrier, it could signal the resumption of the prevailing uptrend. Traders could consider going long on E-mini S&P 500 futures, capturing the potential gains as the index strives to reach higher w

What Are Index Futures?The term index futures refers to futures contracts that allow traders to buy or sell a contract that is derived from a financial index today to be settled at a future date. Originally intended for institutional investors, index futures are now open to individual investors as well. Traders use these contracts to speculate on the price direction indexes, such as the S&P 500 and the Dow Jones Industrial Average (DJIA). They also use index futures to hedge their equity positions against losses.KEY TAKEAWAYSIndex futures are contracts to buy or sell a financial index at a set price today, to be settled at a date in the future.These contracts were originally meant solely for institutional investors but are now open to anyone.Portfolio managers use index futures to hedg

Futures can be used to speculate or hedge on an asset's price directionFutures aren't a new type of financial instrument. In fact, they came about in the mid-19th century, allowing grain farmers to sell their wheat for forward delivery.1 Since then, they've evolved to include different securities and financial instruments, along with other commodities.Futures trading provides investors with a fast and cost-effective means of accessing global financial and commodity markets. Investors can speculate or hedge on the price direction of the particular security or instrument they're trading. This is done by purchasing a futures contract. A futures contract is a legal agreement to buy or sell an asset at a predetermined price at a specified time in the future.But what are the pros and c

An index futures contract is a legally binding agreement between a buyer and a seller, and it tracks the prices of stocks in the underlying index.It allows traders to buy or sell a contract on a financial index and settle it at a future date.The $S&P 500(.SPX)$ , $DJIA(.DJI)$ , and $NASDAQ(.IXIC)$ contracts trade on the CME Globex system and are called E-mini contracts.The contract multiplier determines the dollar value of each point of price movement.Index Futures ContractsLike a regular futures contract, an index futures contract is a legally binding agreement between a buyer and a seller. It allows traders to buy or sell a contract on a financial index an

After the Federal Reserve announced a 75 basis point interest rate hike as scheduled, the main trend of the market did not show the previous brief corrections, and risky assets continued to maintain a downward trend last week. Whether it is stock indexes, commodities or foreign exchange (except the US dollar), the market's choice is to sell and stay away. What should retail trader do at this time?In fact, at the beginning of this year, we told you that this year is not an easy year to make money. Holding cash may outperform most active traders. The fact is the same, except for players with good rhythm and risk control, otherwise it is difficult to achieve high throwing and low sucking in theory. Therefore, if you are not a confident investor, the best advice is to hold the currency an

NOT A PERFECT RELATIONSHIP, but, for basics. The stock market goes up on profit — which is net of costs. One common element of cost is energy — oil for transportation, factory operation (heat, electricity). As cost of oil rises so does all the basic non-labor costs … so profits go down. Thus stock prices/values decreased .HAs others have mentioned, it depends on why oil is going up or down.If it’s going up because of increased demand, that’s a sign of increased economic activity. It should be good for the stock market.But if it’s going up because of supply shocks — like right now, when it looks like a lot oil in Russian is not selling to sanctioned countries like USA lowering the supply from the market and the supply of oil from Venezuela is falling — then the higher oil prices are si