LegendSince

09:55

LegendSince

The BoE cut rates by 25 bps to 4.25% with a rare split vote (7-2), while the Fed held rates steady at 4.50%, amplifying policy divergence. GBP/USD fluctuated between 1.32121 and 1.34028 closing at 1.33034 as traders weighed UK GDP upgrades against Fed inflation warnings.

08:02

LegendSince

Despite Disney’s heroics, the Dow closed the week at $41,376 (-0.20%), weighed by Fed Chair Powell’s warning that tariffs could spike inflation and unemployment. Barclays’ “mild recession” forecast added pressure, while utilities (XLU +6.9% YTD) emerged as safe havens.

08:01

LegendSince

As Bitcoin surged to $104,350 (up 9.5% weekly), retail traders pivoted to crypto, leaving Nasdaq’s momentum muted despite Lyft’s 21% pop on buyback news . Going forward, I will be interested to see if Nasdaq is lagging behind Bitcoin and we can see bullish price action up into premium PD arrays.

07:47

LegendSince

The index swung wildly as Trump’s 145% China tariffs and hints of an 80% reduction collided with Fed Chair Powell’s cautious stance on rates. Despite a midweek rally, the S&P 500 ( NYSE:ES ) closed the week down 0.46% at $5,684 reflecting investor paralysis ahead of U.S.- China trade talks.

12:20

LegendSince

Dollar Index fell to 97.921, its lowest since April 2025, as Trump’s aggressive tariffs on critical minerals and China trade retaliation spooked investors. Analysts warn the dollar’s status as a reserve currency is under threat, with foreign holdings of U.S. assets declining sharply. However in the short-term, dollar might see appreciation up into premium PD...

17:12

LegendSince

Technical ratings turned Strong Sell as open interest dropped to 1.80M contracts this week signalling bearish momentum. Hedge funds unwound basis trades, triggering forced selling and margin calls.

15:42

LegendSince

The 10-year Treasury yield fluctuated between 4.30% and 4.39% this week, closing at 4.382% on May 9. The Federal Reserve maintained benchmark rates at 4.50%, dismissing pressure from the Trump administration for cuts. Chair Powell emphasised persistent inflationary risks and labor market stability, reinforcing a cautious "higher-for-longer" stance. 4.400%...

09:22

LegendSince

It's a make or break for Bitcoin right about now guys..... Either we see all-time highs booked at $109,000 or we see capitulation to $73,000 and lower! Right about now, I can't seem to make a confident decision on whether Bitcoin will gravitate lower into lower timeframe PD arrays before targeting ATH or if a news event occurs plummeting the price in a heartbeat...

04:36

LegendSince

Gold has been on an absolute tear this year, with gains of up to 30%! I hate to say but the more turmoil that the world economy faces, the higher Gold prices will rise as this market is predominantly a event driven market meaning it takes fundamental news for the market to move like crazy, just like what we have been seeing recently

06:02

LegendSince

GBPUSD is the weakest pair amongst the pair and I am more 50/50 this month with where EURUSD could draw to first. Scalpers can have a field day during conditions like this! As long as we see dollar present us with bullish conditions, I will expect to see weakness in EUJRUSD

10:14

LegendSince

There is a chance that we close bullish inside of the higher time frame 3-month SIBI @ 1.34826 - 1.38384 for this month but i am seeking a short-term retracement into lower timeframe PD arrays before a continued expansion higher. 1.31356 is in the cards.

05:21

LegendSince

Unlike ES and NQ, YM has the potential to book massive gains if the algorithm was to spool prices higher into the $42,836 lower range FVG in comparison to the others. However, if the market is weaker than many anticipate, YM could be frontrunning the overall stock index pairs (out of NQ, ES and YM) to the downside. Gun to my head, we are bound for some short term...

05:41

LegendSince

More confident in S&P500 reaching my overall objective of the midpoint of the SIBI consequent encroachment than Nasdaq this month but all in all, I am still expecting the market to gravitate higher up to $20,370

06:54

LegendSince

I see more potential in S&P 500 than Nasdaq for the mere fact that the premium array at $5,773.25 - $5,902.50 has not been met yet but Nasdaq has already made it's way inside of the same SIBI imbalance. (refer to my most recent S&P500 analysis) Aiming for low hanging fruits for now.

09:20

LegendSince

I am looking for a continuation in bullish price action, aiming for low hanging fruits with the first point of interest being 101.917

10:02

LegendSince

During times of consolidation, it's best to keep your powder dry. Don't shoot your load in one go expecting liquidity pools to be used as a springboard to the next premium/discount array. Expect up and down price action throughout this month. 114 up for grabs

10:04

LegendSince

Whenever we are faced with a market that is consolidating, it's best to lower your leverage and aim for low hanging fruits. Gun to my head, I would like to see a bullish draw to 4.440% but after that price is met, anything goes!

13:29

LegendSince Updated 

In comparison to S&P 500 and Dow Jones, Nasdaq is in the lead, steam rolling through short term buy stops this week which was a failure for ES and YM. Going forward, i'd love to see how Sundays NWOG affects market structure and whether we continue to climb into the premium price range