Forecasts & Analysis
Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 19th, 2021
Following Friday’s sell-off, failure to move through the day’s pivot levels would likely deliver another day in the red.
The Federal Reserve Starts the Clock at this Month’s FOMC Meeting
It is now widely believed by analysts that we could see some tapering as soon as March 2022, with a series of two rate hikes in 2023.
U.S. Dollar Index (DX) Futures Technical Analysis – 92.495 Next Trigger Point for Acceleration to Upside
The support is a pair of retracement levels at 91.950 to 91.850. This support cluster is controlling the near-term direction of the dollar index.
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Reversal Top Signaling Shift in Momentum to Downside
A close under 14156.25 will form a potentially bearish closing price reversal top on the daily chart.
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – 33004 Trigger for Accelerated Selling
The direction of the September E-mini Dow Jones Industrial Average into the close will be determined by trader reaction to the 50% level at 33363.
S&P 500 Weekly Price Forecast – S&P 500 Continues to Look at Supported
The S&P 500 has pulled back a bit during the course of the week, but quite frankly it still looks like it is somewhat supported in this general vicinity as the market has seen several buyers come in multiple times.
Silver Weekly Price Forecast – Silver Markets Have Broken Down Towards Trendline
Silver markets initially tried to rally during the course of the week but have since been hammered to reach down towards the $26 level.