Good day folks,
The market went very close of a selloff last Thursday. However, it reversed on the Fed news. TLT and XAUUSD are cooling down; if the selling continues or accelerates, this could provide some fuel to the indexes. I think IWM could reach 146 and close the month around 140. So, this could also offer an opportunity to short.
I do not have a...
Here we have
a) the broken sine wave
b) the pressure cooker
...and a flow to the north.
This pressing could explode soon.
It's a pattern I observe since years, and it works very well.
After the explosion, the steam settles first, bevor floating upwards again.
Here is why I see that the Russel could climb again:
The orange up sloping frequency shift is reached.
From there, RUT jumped up - in addition, the sine-wave center was breached and hence price is ready to turn.
Besides all these facts, there is one bar that caught my attention: The green marked one showed a nice intention to the upside - watch the close!