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the_sunship
Sep 28, 2022 1:07 PM

Wednesday notes - SPX Wheat Gold DXY DAX Bonds etc. Long

DAX IndexXETR

Description

Some pre market commentary, SPX - expecting a bear trap after open, then higher. Wheat may be affected by the hurricane in Florida, Bonds hit an important fib extension, Gold looks promising if it can get over 1675 resistance, DXY also looks like it may pullback - BTC could still move to lower 18000 area before a move up (would align with one more low in equities) but it doesn't have to go down that far. Dax has broken monthly trendline, expect a retest over the coming weeks.

I forgot oil - looks good for a strong bounce here, pullbacks are likely bought.

OK good luck!

Comment

there's another structure on SPX to watch-

Comment

test of trendline.

Comment

Looks like it's game on for bulls

Comment

short term target should be the previous trendline

Comment

SPX target 1st area reached
Comments
wackerman
Thanks for these, makes it a lot easier to follow and learn what your thought process is when it's laid out like this.
the_sunship
@wackerman, i try my best. sometimes I just don't know what to think :)
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