Skip to main content

Market News

Cocoa - cacao-3995995_1920
Cocoa (CC) Reclaims 50% Fib Retrace of Feb-Sep Slide
Tradable Patterns - Thu Dec 1, 11:52PM CST
Tradable Patterns - SYNDTGAM
Thu Dec 1, 11:52PM CST
Cocoa (CCZ22) rallied nearly 1% yesterday, closing above the psychologically key 2500 whole figure level.  With CC back above the 50% Fib retrace of the February to September slide, CC appears to be nearing completion on the 2 week plus Bull Flag consolidation. 
Dollars and Wallets - shutterstock_360575693
EURUSD 2 Week Plus Bull Flag Consolidation Near Complete
Tradable Patterns - Wed Nov 30, 11:37PM CST
Tradable Patterns - SYNDTGAM
Wed Nov 30, 11:37PM CST
The (EURUSD) appears to be gearing up to complete the 2 week plus Bull Flag consolidation and retest the psychologically key 1.05 whole figure level before the weekend.  With the EURUSD comfortably above downchannel resistance (on the weekly chart), the EURUSD has halted a slide since June 2021, which itself is a part of a major downtrend from 2008 (as can be seen remains intact on tradingview.com). 
Gold - gold bullion stacked
Gold (GC) 2 Week Plus Bull Flag Consolidation Nearly Complete
Tradable Patterns - Wed Nov 30, 12:01AM CST
Tradable Patterns - SYNDTGAM
Wed Nov 30, 12:01AM CST
Gold (GCZ22) is in the advanced stages of a 2 week plus Bull Flag consolidation, with the triangle (on the 4hr chart) about to complete.  GC appears to be gearing up for a test ahead in the next week or so of the psychologically key 1800 whole figure level and the 38.2% Fib retrace of the March to October slide. 
Charts, tickers, traders - shutterstock_1033516756
S&P500 (ES) Dead Cat Bounce Since Oct Low Tiring
Tradable Patterns - Mon Nov 28, 11:45PM CST
Tradable Patterns - SYNDTGAM
Mon Nov 28, 11:45PM CST
The S&P500 (ESZ22) is consolidating yesterday’s 1.5% plus slide, showing fatigue in the Dead Cat Bounce off the October low as ES slides back below the psychologically key 4k whole figure level and 61.8% Fib retrace of the August to October slide.  Any daily close below the 50% Fib and the uptrend support (on the daily chart) would suggest that the Dead Cat Bounce has peaked or is about to in the next few weeks. 
Soybeans - iStock-1299820606
Soybean (ZS) Consolidates Below 50% Fib Retrace of Jun-Jul Slide
Tradable Patterns - Sun Nov 27, 11:25PM CST
Tradable Patterns - SYNDTGAM
Sun Nov 27, 11:25PM CST
Soybean (ZSF23) is looking wobbly to start the week, appearing vulnerable to sliding in the next few days towards the 38.2% Fib retrace of the slide from the June high to the July low.  Odds are elevated for a retest of the psychologically key 1400 whole figure level this week, and for a slide back to triangle support (on the weekly chart) before the Xmas lull sets in. 
Crypto - Ethereum Coin
Litecoin (LTCUSD) Breaking Weekly Chart Downtrend Resistance
Tradable Patterns - Sat Nov 26, 10:10PM CST
Tradable Patterns - SYNDTGAM
Sat Nov 26, 10:10PM CST
TOP50’sTOP10 (LTCUSD, EOSUSD, BNBUSD, ATOMUSD, MATICUSD, UNIUSD, ETHUSD, ALGOUSD, DOTUSD, AVAXUSD)
Cocoa - cacao-3995995_1920
Cocoa (CC) Weekly Hammer Testing Key 2400 Level
Tradable Patterns - Fri Nov 25, 12:15AM CST
Tradable Patterns - SYNDTGAM
Fri Nov 25, 12:15AM CST
Cocoa (CCZ22) firmed Wednesday ahead of the US Thanksgiving holiday, trying to halt the strong profittaking last week near the psychologically key 2400 whole figure level and October high.  Any break above downtrend resistance (on the 4hr chart) will likely be followed in the day or so after by a reclaiming of prior downchannel resistance (on the weekly chart) and the 38.2% Fib retrace of the February to September slide. 
Eurozone, ECB - ECB Logo Sign During Daytime
EURUSD Week Plus Bull Flag Consolidation Near Complete
Tradable Patterns - Wed Nov 23, 11:46PM CST
Tradable Patterns - SYNDTGAM
Wed Nov 23, 11:46PM CST
The (EURUSD) is trying to gain for a 3rd straight day, nearly complete on the Bull Flag consolidation of the past week after forming a fresh November high.  Odds are elevated for a test of the psychologically key 1.05 whole figure level before the weekend. 
Silver - silver bars stacked
Silver (SI) Retests 38.2% Fib Retrace of Mar-Sep Slide
Tradable Patterns - Tue Nov 22, 9:55PM CST
Tradable Patterns - SYNDTGAM
Tue Nov 22, 9:55PM CST
Silver (SIZ22) appears to have found its floor in the consolidation that began last week, refusing to slide much below the 38.2% Fib retrace of the March to September slide.  With SI having formed a major bottom within the consolidation since August 2020 (as can be seen more easily on a monthly chart on tradingview.com), SI is likely to regain last week’s high before month end, with odds now moderate for a test of the May high before year end. 
Wall Street - NYSE Full View
S&P500 (ES) Retesting 50% Fib Retrace of Aug-Oct Slide
Tradable Patterns - Mon Nov 21, 11:11PM CST
Tradable Patterns - SYNDTGAM
Mon Nov 21, 11:11PM CST
The S&P500 (ESZ22) spent the past week consolidating mostly between the 50% and 61.8% Fib retrace of the August to October slide.  A daily close above the psychologically key 4k whole figure level and 61.8% Fib would dramatically increase the likelihood of ES reclaiming the September high by month end.