Asia Market Update: Asian indices opened generally higher, led by Shanghai; CN brokerage firms continue to rise amid M&A speculation; US equity FUTs rise after holiday, Treasury FUTs drop. General Trend: - Chinese chipmaker SMI rises over 10% in HK, to raise over CNY46.0B in Shanghai IPO (previo

Current Position of the Market SPX: Long-term trend – Having rallied well past a .618 retracement of the decline into March 2020, it is time to consider the possibility that the retracement was only an interruption of the bull market which originated in 2009. Intermediate trend – Down into mid-July

#SPX500USD# Just an idea. I'm generally bullish but unless we can break past this level with conviction the week could start off rough. Basic ascending triangle , but legacy markets love that stuff.

Traders scaled back their open interest positions in Gold futures markets by almost 2.8K contracts on Thursday in light of advanced data from CME Group. On the other hand, volume rose for the fourth consecutive session, this time by around 22.8K contracts. Gold could recede to $1,760/oz Following fr