Disney's earnings report is due in 17 days. The current trend remains unclear, so we’re waiting for the price to reach around 88 or 105 for a potential trading opportunity. An engulfing candle has appeared on the lower time frames.
Hint: McDonald's earnings report on Tuesday
From a technical perspective, McDonald's has broken the neckline, leading to short-covering and a rebound. It may either shift from an uptrend to a downtrend or enter a consolidation phase. The 303 level presents a good shorting opportunity.
On the trading charts, XAUUSD and DXY are moving in opposite directions.
But recently, even though DXY pulled back to 100, XAUUSD didn’t drop. There are extra factors like geopolitical issues, but we're focusing on the technical side here.
Tech charts show that gold is still strong, just in a sideways move right now. It’s waiting for the dollar to pull back to a...
When the SPX500 daily chart shows divergence, and the market breadth index is in an overbought or oversold condition, these are key trading opportunities.
Currently, we see that the market breadth index has entered the overbought zone.
Once the SPX500 daily RSI shows a divergence signal, it will be time to short.
There may be a period of consolidation, so we need to wait.
