The Nasdaq 100 has seen a BIG reversal over the last 48 hours. $NDX is now on the verge of breaking out ABOVE its bullish flag pattern – a move through 13,200 could open the door for more gains toward the upper-13,000s if earnings cooperate pic.twitter.com/uJxvj7Uz77 — Matt Weller CFA, CMT (@MWellerFX) April 27, 2023 […]
Chart of the Day – Thursday, September 23rd, 2021
Intriguing move here in yields – after repeatedly topping out around 1.38% over the last two months, the benchmark 10-year treasury yield is peeking above that level for the first time since July$TNX pic.twitter.com/RSkyxpj1pe — Matt Weller CFA, CMT (@MWellerFX) September 23, 2021 Today’s Chart of the Day was shared by Matt Weller (@MWellerFX). It’s a […]
Chart of the Day – Monday, May 4th, 2020
Today’s Chart of the Day was shared by Matt Weller of Forex.com, in an article titled: “The Bitcoin Halving: What Traders Need to Know.” It’s a weekly candlestick chart of Bitcoin priced in US dollars, going back to 2012. In the article, Matt discusses the third Bitcoin “halving” event that is expected to occur around May 11th or […]
Chart of the Day – Thursday, December 19th, 2019
This interest rate forecast chart from BBG/WSJ is one of my favorites from 2019. LESSON: Don't get married to forecasts – follow price! $STUDY pic.twitter.com/h5ZeY1gQ2w — Matt Weller CFA, CMT (@MWellerFX) December 19, 2019 Today’s Chart of the Day was shared on Twitter by Matt Weller of FOREX.com (@MWellerFX). With the new year around the […]
This Pattern is Signaling a Big Move in USD/JPY
Matt Weller CMT, CFA is a Senior Market Analyst at Faraday Investment Research. He published a note today on forex.com detailing the symmetrical triangle pattern that is currently forming in the USD/JPY currency pair. He explains the significance of this price action by comparing it to the coiling of a spring: “As the range continues […]