The weekly chart (on the bottom) shows that SPY and RSP were highly correlated until early March. After March, we have seen the two separate in YTD returns. The correlation coefficient confirms this break in trading. The breakdown in correlation between the RSP and SPY is most evident between May and June when RSP lost value and SPY gained value. In the last...
The price action for June 2022 was marked by a drop in all Risk Assets (stocks and cryptocurrencies) from the first of the month followed by a recovery mid-June and now finally a retest of the June low by the end of the month. The relative recovery of the mid-June bullish Retracement indicates the strength of these risk assets and may foretell future recovery...
Hello everybody! What you are looking at is a daily and 1hr chart of xau/USD (gold). Price has been Bearish for a few days now but I don't think we are bullish just yet. My bias is still bullish on the dollar, based on analysis of DXY and with current world conditions. Looking for another run up into buy side liquidity, and then another shift to the downside to...
A lot of speculation and expectation around the FED raising the fund rate today and it's impact on Bitcoin's price. If you compare the fund rate and Bitcoin's price you notice there is no clear long-term correlation. I would aruge if anything then the more interesting comparison would be to compare Bitcoin (BTC) to the M2 money supply. Endless money creation...
In the coming week I'm a bit confident with dxy+fibre+cable. Reason behind this confidence is the liquidity grab in GU and DXY from the previous month. Whenever this happens we expect a move to lower timeframe points on interests lie d1 or h4 or m15. We can split this one swing trade into different day trades. Waiting for the model daily and executing when all...
Not much to say here. In my honest opinion, Bonds are on watch. We could very clearly see an inversion here. Especially if the Fed raises rate or even enters QT.
SPX500 and MMTH : a lovely correlation. Enjoy the beauty. No needs to say more, DYOR and peace
I'm currently viewing US10 years bond yield as a "gauge" for negative correlation for Gold market instead of equity index e.g. SPX . As their correlation efficient rate now is about 80% ...And we might see 1 more leg up in US10 years Bund toward around 2.000 to complete last leg of tripe zig zag wave which is wave (Z) (Cyan /Light Blue)... So we might have 1...
With geopolitical and economic issues, Should we "trace" Glove Stocks "Future Paths" with US Glove Stock ADR/OTC? or "Local" Health Care Index? which is Comprise ≈ A Quarter (28.5% ) ( 4 out of 14 Malaysia Health Care Index Stocks are Gloves Stocks)
Recently, Bitcoin has become more corelated with the stock market than ever. This makes sense, since more and more people know about it. But there are still noticible fluctuations here and there. So, I noticed that most of the time, when Bitcoin creates some significant local high, this also reflects to the stockmarket (usually done so on a high corelation). But...
Hey tradomaniacs, SPX500 could move up 👉 If thats the case we might see some US-DOLLAR-WEAKNESS today and more risk-on. Good for our positions.🙏 Volatility is likely to continue in the market until the end of the quarter as we see a lot of re-balancing by institutions. For example: Pension funds have an overweight in equities but are forced to have...
I believe PPIACO (Producer Price Index)– it's RSI & BITCOIN are Correlated PPIACO (Producer Price Index) is related to inflation . Look at the points in witch its RSI or the direction starts to change for PPIACO. They correspond with bottom or tops or changes in direction for BTC . Fascinating and makes sense. Black line is BTCUSD Pink Line is PPIACO RSI is of...
Chart says it all. Keep printing please.. Good read: Modeling Bitcoin Value with Scarcity
We are looking for a final push, however be wary that on the longer timeframe the picture is still pretty mixed, we can see dollar strength due to fundamental risk-off scenarios in the short term that coincides with DAX & S&P Sentiment and price action, however, a leg to the downside is still very much close. Trying to paint a little bit of perspective in a...