With todays lows taken out, everything technically has change for me. I felt the market could hold itself up but i Was wrong. A stronger dollar and twisted bond yields will lead this market. don't look to gold as an indicator just yet why? a stronger dollar can suppress the price of gold still, At least for now.
The market has been walking on egg shells but with charts of emerging markets and with how most market indexes correlate I Do expect most markets to move higher from here. Gold Still appears to need one more move lower, WHY? look at all the commotion in the s&p500 and no real big spike in gold. The dollar looks like it needs one more move higher as well to be ...
The markets are changing and oil is looking weak with this strength in the dollar as of late, so be prepeared for this. My overly bearish view on oil is the retest of the lows USDWTI @26.06 and lower @22.00.
AUDUSD will have a retest of support area where AUDUSD last consolidated. I am keeping my eye on this area due to the potential move in the near future. The chart i am looking at is the weekly , so this will take time to play out.