The chart posted is that of the CRB index The basket of ALL things . Iam looking for the High for the year in the stock market to form this jan 11 to the 18 and the Low for the CRB this should push the 10 yr into the last drop from 3.76 to 3.81 and then the TROUBLE
Thanks. here is something I find very, very interesting. Notice the fib is pulled from July 2008 high to April 2020 low. We perfectly tagged the 61.8 retrace, and then the 50. Where to next? My guess is down, until we build up enough momentum to had back up.
Zooming in from 2020 low to 2022 high, here is what I would expect. We could find support at the 50 and up and out of the downward channel, or perhaps things really extend and go all the way down to 190 at the 61.8.