JK_Market_Recap

JK_Market_Recap Updated 

NASDAQ:AAL Stuck between a rock and a hard place 🪨 👇 American Airlines (AAL) Posts Q1 Loss on Surging Labor Costs. Reduced revenues and squeezed margins makes the case more strong for a bearish scenario to play out. Will you be shorting?🐻

JK_Market_Recap Updated 

Imminent breakout alert. Price on the verge of breakout Bulls are trying to breakout. Are you buying?

JK_Market_Recap

The bulls have taken the initiative. Price has broken out. Are you buying?

JK_Market_Recap

We have spotted the breakout from downward trend line. Upwards now. Are you buying?

JK_Market_Recap

The bulls have taken the initiative. Price has broken out. Are you buying?

JK_Market_Recap

Although Sol is running into fierce resistance we will give the benefit of the doubt to the Bulls. If they break through we have mapped out next upside target and resistance. Are you betting on the bulls to break resistance or betting on the bears to fight back and hold the resistance line?

JK_Market_Recap

Will the 1970s second inflation wave repeat in this cycle?🤔 We have many similarities today with the 1970s. Will history repeat and we see another inflationary wave?

JK_Market_Recap

Will it get through the hurdles? We have mapped put potential upside targets are ascending resistance zones. Are you buying or shorting at resistance?

JK_Market_Recap

The ISM Manufacturing PMI is below recession range of under 50, pointing to a contraction in the US manufacturing sector. Market is not yet as healthy as the equity market would elude to. Something to keep an eye on to check in on the health of the US economy

JK_Market_Recap

Usually when we have an inverted yield curve usually a recession follows. This has been the longest inversion to date. Is this time different? Usually the countdown to a incoming recession is when the inversion un-inverts which means goes back up to zero. Something to put on the back burner but keep an eye on

JK_Market_Recap

The market bottomed when Reverse Repo peaked. After Reverse Repo started trending down, the market started its path up to new All time highs. Liquidity as measured by M2 has been picking up which explains why we see prices making or approaching new ATM

JK_Market_Recap

Sol has taken off but now is in a bit of a pickle. It is in the resistance zone. Can it break through or will it retrace. My short resistance zone is near the $169. If it breaks through that then its off to the races

JK_Market_Recap

We have spotted Link breakout from downward trend line. Upwards now. We will need a confirmation candle today to solidify the breakout. Are you buying?

JK_Market_Recap

Yesterday was a very bullish day for BTC. Price broke out of the Bull flag. We have mapped our upside target near $69k. Are you buying?

JK_Market_Recap

Liquidity is the driving force for higher assets and higher inflation. Now with the US equity indices at new all time highs as shown in the chart below, how can the Fed cut rates if liquidity is still high?

JK_Market_Recap

DXY has been trending down and recently we saw a breakdown. We believe shorting the USD with pairs such as the EURO, AUD, CAD, GBP should work well under the circumstances. We believe these pairs will outperform the USD as you can see they are trending up Vs the USD We have mapped out DXY the downside support price targets.

JK_Market_Recap

SOL needs to hold the upward sloping trendline as support. If not, there is trouble brewing. Potential breakdown alert. We have mapped out the downside support price targets.

JK_Market_Recap

ETH has broken down the upwards sloping trend line. We are on high alert for further downside. If we see a confirmed candle breakdown, then we have mapped out tow downside support price targets. Are you buying or selling the dip? Let us know in the comments below