I feel like the DXY will reach 94 this week. it keeps turning the old resistance into support.. The Fed does come in and talk this week. I don't believe they will stimulate the markets or be too quick to turn on the printer until the election is over, due to the fact that they won't allocate gov spending without knowing who will be in office. Also the stock market...
I'm bullish on gold in the long term
Something tells me institutionals are selling into retail. Happy to get some reasonable advice.
As you can see the rsi hit 80 on the 1 hr and faded hard end of day. Right now futures are tanking. Lets see if we make it back to the 2600 level and fall through or bounce back up. Rising wedge is a continuation pattern in a bear market. Let's see how this plays out.
Whats up Traders Total Breakdown . . . December is slow and low volume, and the bulls just are there to prop up this fizzling market right now. I think our next major stops are: 255 SPY and / or FOMC news release on December 19 If the fed maintains their hawkish stance, be ready for MORE PAIN.if they even hint at dovishness, be ready for a rocket to the...