EU is in Turmoil.
British are rolling over.
China just shrugging it out.
Elon caught with his hand in the cookie jar.
CPI next week.
Election Next Month
But it's all about the Oil.
Expect positive correlation to last about as long as the next CPI print.
Oil blasts higher -> CPI prints higher -> Indexes enter Second Leg Down.
I miss the days when presidents would visit an aircraft carrier and declare their mission has been accomplished.
I guess you can say Jerome Powell has accomplished his mission by returning the S&P to its 10 year trend channel when he turned hawkish back in January.
See my Bear Case for January Analysis I posted below.
This chart is an update for one of my...
My overall outlook on the market is still Bearish.
There are still so many signs the world economy is in for one hell of a recession.
The 10y2y is still in free fall ever since the leading indicator of a hedge fund collapsing began.
DXY is still showing support at 105 breakdown line.
The VIX continues to compress with higher lows and lower highs.
...
It felt like yesterday that Obama Care was the biggest concern on everyones minds.
After 1.4 Trillion in healthcare spendings in 2021 and COVID pounding on weaker baby boomer populations has driven total debt into a parabolic upwards trend.
War is festering in Ukraine, Wars get expensive.
EU is on the brink of an Energy Crisis unlike anyone has seen...
We have a trend line structure in this setup, a descending channel. On the 240, we have a M peak formation at its 2nd leg, and in that 2nd leg, we also have a M formation on the 15-min, a timeframe that I use to enter my trades.
CADCHF is then a pretty good short opportunity. I'll be short from 0.7815 and I'll have a SL around 0.7825. If the trade hits my SL, I'll...
