Ming Jong Tey
Independent Analyst
Find out the detailed market update for S&P 500, Russell 2000, Nasdaq and Dow Jones using Wyckoff techniques.
Key Points
- Why there is heavy accumulation in Russell 2000 via the apex formation.
- How to anticipate if a potential rotation will happen.
- Using Wyckoff’s law — efforts vs results to interpret the supply absorption and judge the timing of the up swing.
This video is extracted from my Weekly Live session on 7 Nov 2021. Watch the video below:
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Latest Forex Analysis
Editors’ Picks
EUR/USD on the way to 1.1280 key support
EUR/USD fails to cheer greenback weakness, stays depressed around 1.1310 during the initial Asian session on Friday. While portraying the sober mood of the major pair traders, the quote remains below 200-SMA for the first time in a fortnight.
GBP/USD holds above 1.3600 as dollar fails to capitalize on US data
GBP/USD tested 1.3600 earlier in the day but managed to stage a recovery in the early American session. The greenback is having a hard time gathering strength as investors assess the mixed macroeconomic data releases from the US.
Gold bulls looking for a re-test of November high at 1,877.15
Gold resumed its advance after a short-lived consolidative stage, reaching a fresh two-month high of $1,847.92 a troy ounce. The dollar came under renewed selling pressure after the US released mixed economic figures.
Decentraland holds support but MANA may return to $2
Decentraland price action is, at present, very indecisive. However, while the overall outlook is bearish – especially within the Ichimoku Kinko Hyo system, there is evidence that a turnaround to the upside may be coming soon.
When real rates are negative for a sustained period, is it a sign of looming recession?
We agree that inflation should moderate this year due to the money side of things, but worry that monetary policy is powerless against most of the supply chain issues, commodity prices, greedy consumer goods companies, and that weird labor shortage.