Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
Good Wednesday Morning, MPTraders! September 3, 2025-- Pre-Market Update: Was yesterday's early weakness followed by a powerful rally another 1-Day Wonder within the confines of the dominant uptrend? Yesterday's "long-tailed" upside candle suggests the answer is, Yes (see my attached Daily Chart of ES). In addition-- and perhaps more importantly from a technical perspective-- the rally from yesterday's low at 6371.75 to this AM's pre-market high at 6460.25 (+1.4%) exhibits bullish form, which, if accurate, means that the current rally should have legs, and also that weakness is a buying opportunity UNLESS yesterday's low at 6371.
By Levi at Elliott Wave Trader; Produced with Avi GilburtThe two home improvement stalwarts appear to be nearing important swing highs in price. How important that high will be remains to be seen. What prompts this opinion? Let’s look at a brief fundamental overview and then dive into the structure on the charts as painted by crowd behavior. When combining these two viewpoints, we then arrive at our current leaning. Follow along as we demonstrate this synergistic method of analysis. Fundamentals FirstLyn Alden shares her current views regarding HD and LOW.
For those that have followed my work in metals through the years, you would know that we have caught just about every major turn in the charts for many years. And, that is because we follow the structure of the market very closely, as well as apply the standards that have worked for us for the 14 years I have been publishing my metals analysis publicly.Of late, I have been struggling with this action in gold, as while I have been expecting a correction since April, I have been seeking a standard 4th wave formation.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
