DXY is in a rising wedge; with the macro trend remain as fluctuating +/- 1% of the 100 threshold.
SPX is filling the right shoulder nicely. No point taking a position until the rising neckline is broken; which would signify the confirmation of the next bearish movement.
GOLD has held support over the weekend; let's see if gold bulls can break the upward resistance.
USOIL seeing a hard rejection off $28; with RSI well overbought. There is plenty of room to the rising trend before it breaks; so a small pullback could remain bullish. Patience is key here.
DXY rallying up, however RSI is hitting its local high points. With spot at around 100; we could be about to see a rejection.
SPX forming a head and shoulders on the lower time frame? Not enough to break new lows; but it does make sense. Let's see how tomorrow plays out.
The descending triangle held its support. Interesting times, lots of uncertainty... #crypto
FAANG bounced above the previous marked support; so it has been tweaked to a slight rise in parallel with the potential resistance. RSI is falling; setting up a hidden bullish divergence. Could be a good long opportunity.
TOTAL Mcap pulled back to lower half of the channel, and has bounced off the trend line that was a key support prior to the bullish impulse. Trend is your friend.
USOIL is nicely following the rising trend. Surprised there has been no slow down on this, but here we are. $29 is still the only number that has mattered. Long on the breakout.
DXY working through it's trend, notably the RSI is showing the the flow is bearish through the trend with each bounce in the RSI coinciding with lower spot price.
SPX starts off the week rather slowly. Morning start on the day, but nothing exciting. Needs news.
XJO is running support on a very shallow growth trend on the short term trend. Patience is the play here; with the downside risk being higher than the reward of a rally back to the resistance. Wait for a breakout.
BTCUSD has formed a descending triangle from it's peak. The rally was likely an over-extension anyway; so it makes sense to see a reasonable pullback. Assuming the rising channel is true; we could see a return to the lower 1/3 of the trend. RSI is also falling back in towards the rising trend; so we could see bulls jump back in soon. Overall, it's too early to...
LTCUSD is rejecting off the longer term falling trend line; which runs back to January. With volume maintaining consistency; a breakout above this falling resistance would be very bullish. RSI has plenty of upside from here as well and is nicely retracing on pullbacks. Patience is key on this play. #crypto
FAANG stocks are diverging on the RSI on both peaks and troughs. On a break of the lower trend; there should be a good short opportunity here.
TOTAL Mcap is seeing a normalisation of volume after the large impulse. Possible flag creation in progress.
GOLD working towards a triple top? 1675 saw a big impulse in volume...