JPY - ⑊⑊ Channel
JPY Still within this channel / Pennant pattern - a break to either direction.
Break above H: 131.360 expect 133 areas
Break below L: 127.000 expect 125 areas
It's clean set up but don't forget to use your own trade plan
Why is Copper so important to track and what can we learn from studying its price action. Copper simply put is the most used base metal in the world and really powers every aspect of world. Doctor Copper is telling us something.
Copper has had an impeccable rally of the lows, this has been confirmed with the major rally in copper mining stocks.
In this chart...
A Sick Feeling in the Belly of the Yield Curve
Another sign that Fed credibility is waning.
The socioeconomic point of view is that, as the Supercycle bear market develops, central banks will lose their mantle as being omnipotent directors of markets. Whereas in the bull market, central bankers like Alan “the Maestro” Greenspan were lauded because positive...
DESCRIPTION: In the chart above I have provided a macro analysis for 2 year bond yield on the Daily Timeframe.
1. Since the beginning of this upward trend on January 2022 we have seen that bonds and the overall market are said to share an inverse relationship but during pivotal moments that has not been the case as you can see that the stock market has...
Massive Moves to the upside often see that move retraced over the coming weeks especially if market fundamentals deteriorate.
none the less this stock likely sees a significant amount of profit taking.
Lumber is at a critical inflection point.
Its likely telling us that Central bank policy is about to experience more inflation if they start to ease to soon.
If Lumber continues to rally, its screaming more housing inflation could be around the corner.
Since we have a major Technical Topping formation in play, Lumber is still vulnerable to more downside...
This Lumber Weekly chart clearly shows the unique parallell range that confirmed a breakdown.
Now to determine what likely happens next we wait to see if we get a close above or below the weekly key channel Resistance line.
If rates remain soft we will likely get a continuation move to the upside.
Resistance was just tagged today on the nasdaq,QQQ, NDX.
Markets are at an inflection point and likely continue the major trend lower.
Tech is heavily weighted in all indexes so this could be make or break for the market.
MSFT is trading under key resistance as seen by the white trendline. The price action and trend still favors downside bias however there is a key gap fill around $257 that would be a perfect short level if it popped off of earnings.
Based off of the rally in the indexes, MSFT has been a lagger in tech which could be displaying relative weakness.
Coinbase had an epic reversal in todays session: a Bearish Engulfing Daily Reversal to be exact. Just like Bitcoin had a multiday rally Coinbase has had a great multi day rally.
Hitting the next support will be telling for Crypto. If we lose key support on Coinbase - Bitcoin Liquidity will likely be strained.
Coinbase needs to recapture the red trendline for...
Understanding the basics of Bonds is very important to traders/investors. Yields (interest rates) are like gravity to other
asset classes. The higher yields go the more gravity on other asset classes. Most are unaware of this simple rule bc most
traders today have never had to deal with inflation and rising rates.
I can't go too much more in explaining it all...
Gold is unstoppable. It has not retraced at all to any fibonacci levels or whatever.
Last time it touched the demand area of 1618, it bought straightly up. Two consolidation boxes during this formation of uptrend.
On 15 of August, close to 180x area, there was the starting point of the last bearish leg for gold.
price violated 1680 area and...
These are my scenarios for possible xagusd continuation.
tomorrow is Monday so I propose stay away from the markets until the makers initiate the week's structure.
Be careful of mid week reversal - Tuesday night.
The orders of sell and buys are indicating in order to have a benchmark.
For entries do your own analysis in lower timeframes....
Last week I targeted 1760 level and the bias was right. Price moved even more and faster, without retracements.
This week my bias is bullish again and I will share my confirmations with you.
I am expecting from Gold to go a little bit higher, reaching daily manipulation zone and the monthly pivot point. After that a retracement is expected.