Dow Jones is near the famous top (34k). If it can not break the top it will fall and break the trend line in the first step. Then probably a pullback to the broken trendline , then fall to 31k. So if you are not in any position just be hold till its time.
Gold in this week can rise to the 2000$. Then the market probably start a correction and gives the Buyers another chance to Long the gold near 1900$.
Hi Traders! Please see our new levels for EURUSD below. Vector Level: 1.08047 Vector Level: 1.09298 Anchor Level: 1.04833 Apex Level: 1.10956 The recent price action on the 1D chart is telling us that EURUSD is looking for a direction to continue in. We have been stuck in a range (highlighted on the chart) for the past two weeks or so, and key decisions and...
Hi Traders! This is a critical week for the US dollar. The US dollar's long term direction heavily weighs on the outcome of the Federal Reserve's interest rate decision and their statement this coming Wednesday. Here on the USDJPY 3H chart, the price action shows that since the 140.934 high shown on the chart, the sellers have taken over, and we have had...
KOG Report: In last week’s KOG Report, we said we would be expecting to adapt our plan over the week as we were expecting the range and choppy price action to continue. We suggested sticking with the same plan and levels from the week prior which worked very well to give us the trades within the range. The short-term swing we were expecting for the move to the...
Hi Traders, PLEASE SEE LINK TO ORIGINAL IDEA BELOW. Rounding off the week with an update to our forecasted EURUSD levels on the 1D chart. After the bounce from the 78.6% Fibonacci support level, there was a bullish push upwards (highlighted on the chart) and we have now pulled back near our forecasted Vector Resistance 1 level at 1.08047. The trading range on...
In global finance, everything is relative. For now, there is no good answer to the perennial question: If not for the US dollar, then what? That is why, despite all its flaws, the dollar remains the ultimate haven currency. And the US Dollar Index (“DXY”) measures the performance of the US Dollar against a basket of six major currencies of USA’s major trading...
Money that is being parked at the Feds Reverse Repo Facility due to attractively high interest rates the fed has set for money parked at the facility has been on a steady decline since late 2022 and we have now confirmed a lower high and are looking to break down below a Bearish Dragon trend line that could be the initial trigger that gets it started to going down...
CBOT: Micro 30-Year Treasury Yield ( CBOT_MINI:30Y1! ) President Biden and House Speaker Kevin McCarthy reached an agreement in principle late Saturday to raise the nation’s debt limit and cut federal spending, ending a rollercoaster round of negotiations. The current national debt ceiling is $31.4 trillion. The tentative deal would raise it by $4 trillion...
As the debt ceiling discussions draw to a close, the dollar's rally indicates that markets have largely priced in this event. The focus now returns to the Federal Reserve (Fed) and its notably hawkish stance. Fed officials' recent statements and fed fund futures, which are pricing in another rate hike in the upcoming meeting, suggest it might be the right time to...
This chart shows a view of the top 8 banks in the United States and the charts go back to at least 2008 so you may see how artificial the bubble is. As the Federal Reserve continues its interest rate hikes, a cloud of uncertainty looms over the banking sector. This trading strategy anticipates potential instabilities in major banks, which could catalyze a...
Fundamental Backdrop Unemployment Claims decreased from 264K to 242k, far better than the forecast of 253K. This signals an overall healthier economy. Fed Chair Powell will be speaking later on today on the concerns around the status of the US debt ceiling. Technical Confluences Near-term resistance at 103.500 Next resistance at 105.000 Minor...
Old chart now topical With the USA "Debt Ceiling" being talked about more and more in public, it looks like this fractel may now loose some accuracy but I do expect PA to run along these lines. The Longer PA follows a fractel, the more chance it has of Falling off Hopefully, the 200MA (Yellow) will continue along current path and PA remain above the MA The Big...
You haven't witnessed madness until you've seen MMT Mosler's post completely wrong, yet people continue to believe him. That is crazy. Never Mix your politics with economics. Especially if you are trading and investing.
KRE the regional bank ETF is down about 50 % YTD, with a couple of bank failures leading the way. The question that arises is whether there is more downside. Faith and trust in the the banking system is at risk. The big banks came in their rescue on First Republic. A run on the little banks can hurt the big banks even Goldman Sacks. Holding...
PANW as a stressed back stock has been trending down. However as seen with the regional banks at large ( KRE as an example ) the bear market had a bullish rally the past couple of trading days. So, is this a reversal to trade or merely a pullback of the trend down good for a short entry? On the 15 minute chart price has ascended to outside the Fibonacci...
Amazon rarely delays deliveries, but I ordered the crystal ball over 30 years ago and it still hasn't arrived! 😢😂 ...So, I don't know what will really happen in the coming months, but what we can do right now is try to make some considerations. The chart above represents the DJ Transportation Index , an excellent "thermometer" of US economy. If we look at a...
This rising wedge of relief rally is very much happening, All market movers (Fed, gov, banks & exchanges) will push for increases in assets for insiders to sell off. Micro ( 1 month ) go long Macro ( 3 month+) go short Inflation needs to be addressed, money printing and spending approaching big lows same old sh!t, just new school assets playing their part...