S&P 500 Tumble Pressures Important Support as Liquidity Makes for Sloppy Conditions

Risk off was in effect through Thursday trade and there was plenty of blame being foisted on rate forecasts and recession fears. Yet, the volatility is more likely a by-product of the rapidly fading liquidity heading into the holiday weekend. What does that mean for the S&P 500 as it pressures the midpoint of its past three month range?

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The USD has held support at a key spot of prior resistance for more than week now, but can bulls evoke a push ahead of the holiday weekend with PCE on the calendar for tomorrow?

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Gold (XAU/USD) Consolidates Near 1-Week High, Wedge Breakout Imminent?

Spot gold’s rally saw it test 1-week highs before finding resistance at the top of the wedge pattern. Will we see a breakout or another retracement toward the 200-day MA?

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