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Type: Bearish ReversalKey Levels:Resistance:1876.8 Pivot:1838Support: 1803.9Preferred Case:On the H4, with prices moving below the ichimoku indicator and within descending channel, we have a bearish bias that prices will drop from our pivot at 1838 where the horizontal pullback resistance and 50% fibonacci retracement are to our 1st support at 1803.9 in line with swing low […]
Type: Bullish BounceKey Levels:Resistance: 782.67Pivot: 759.74Support: 751.12Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise from our pivot at 759.74 in line with the 78.6% fibonacci projection and overlap support to to 1st resistance at 782.67 in line […]
Danny Yuan said that their team detected that $1 million was missing from their company’s funds at Three Arrows Capital (3AC). 1540 Total views 23 Total shares Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of […]
Share of home builders were broadly lower Thursday, after data showing that U.S. housing starts fell a lot more than expected in May. The iShares U.S. Home Construction ETF ITB, -0.26% sank 2.0% in premarket trading, putting it on track for a near two-year low, as futures ES00, -1.84% for the S&P 500 SPX, +1.46% […]
Global spending in the metaverse could reach $5 trillion by 2030, according to a new report from international consulting firm McKinsey & Company. Published yesterday, the 77-page report titled “Value Creation in the Metaverse” analyzed current adoption trends and drew additional insight from two global surveys; one gathered data from 3,104 consumers across 11 countries, […]
Shares of biotech AC Immune SA ACIU, -9.21% slid 15% in premarket trade Thursday, after the company said a a trial of a treatment for Alzheimer’s disease failed to slow or prevent cognitive decline in patients with a specific genetic mutation that causes early-onset disease. The trial involved 252 people who are members of the […]