Bonds appear to be breaking out alongside DXY.
Record amounts of shorts have been piled onto Bonds to the order of 4 sigma - everyone and their dog is short bonds - so you know what that means!
Rates aren't rising, the Bond market sees what is coming - and it is deflationary. Use a leveraged Bond ETF such as TMF to capture the big move in bonds!
Monthly chart doesn't look that great IMO, ripe for at least aa 20% correction.
Monthly price is extended WAY above MAs, and rejected to top trendline that runs back to 2008.
Lumber Prices have gone down a LOT - check LBS1!
Everyone that wants to buy a home - has bought one. We are about to enter a...
The DXY has been super strong lately and lots of folks are wondering where the final target is.
One way to do this, is to view a leveraged currency ETF to try and identify patterns. The ETF leverage amplifies the movements you might otherwise of missed.
Classic Inverse Head & Shoulders on EUO. EUO is a -2x EURUSD ETF that you can trade in the stock market....
See my other post talking about how the SPX could be near a 100 year topping pattern.
With BTC down >50% thus far, could BTC be the canary in the coal mine for the broader market? Historically,
All indexes look to be topping out on larger Time Frames (such as weekly/monthly) - so where does that leave the Nasdaq?
Do we get some sort of global deflationary...
Long term trends on overall market are looking weak.
SPX has a megaphone on the weekly/Monthly chart - typical signals of a chart. We look around the market right now and speculative excess and ferver are everywhere - from BTC to DOGECoin to meme stocks - Next crash on SPX should run ~50% or so, and take 2-4 months. Maybe we get a 3rd touch on megaphone by Sept 1st 2021?