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Roblox Corp. has retraced all the move since the breakout of last November folliwing its earnings call. A couple of days ago it covered the gap (purple) left back then and has started to move higher. The Yellow line ($77) is the level to watch in the next few days, this area needs to hold in order to think that the correction is over and a break of the blue...

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Emerging Markets are showing signs of life at least for the short term. After years of underperformance discussed in previous graphs. EM is at extreme oversold lvls vs DM and showing signs of life. A weekly close above the recent downtrend (blue line) would be encouraging for a period of outperformance with eyes on our longer term charts previously published where...

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Similar charts making the rounds today and reinforce our view that EM will be a better place to be over the next 10yrs. This relative value chart indicates that EM has gotten too cheap vs S&P and showing signs of being oversold and close/at an inflection point on different TA indicators. Long EM/short DM is the trade for the next 10yrs. For naked EM longs look for...

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DXY has been following our script for a few months and has reached our minimum target (96.1) for this move. Some indicators are starting to show overbought conditions (TD Sequential, Stoch and RSI) so we are likely to see at least some consolidation/correction of the lastest move. However, our preferred view is that after some consolidation, this move higher still...

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Gold seems to be consolidating within a wedge since it posted its ATH in 2020, and that looks very similar to the consolidation it made after the ATH of 2011 and eventually broke that wedge to the downside in 2013. Is history about to repeat? Likely. Stochastics and RSI do not look overbought, but it was the same in 2013 before it broke down so the similarities...

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After the recent consolidation/correction in a triangle, GLXY seems to fianally breaking to the topside and joining the recent BTC/Crypto rally on what could potentially be our awaited wave 5 discussed before.

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As mentioned in previous posts. DXY seems poised for higher levels (usd strenght) into year end. The index seem to have broken the neckline of an inverse H&S and we would be targeting at least the area of 96-98 in the next few months. Before turning down once again to new lows in the years ahead towards 2023/24 to complete its regular cycle of 7-8 yrs of strenght,...

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CADMXN seems to be "wedging" again and about to break to the upside. Just like in early 2020, we seem to have seen a failed attempt to break lower that triggered a potential multifigure move to the upside. Keeping an eye on it!

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EURMXN seems to be attempting a retest of the downtrend after it latest attempt to break out of the wedge. There is a history of false breaks over the last 3 years, but when it goes it really goes. Stochastics look a bit oversold in the s/t so the downtrend might hold this time and fuel a move higher.

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Like recently published CAD charts, this is the path that I would expect USDCAD to follow over the next couple of years. After an impulse wave 12345 between 2008-2020 we have started a corrective wave ABC into 2023-2024. Ideally (but not required) we would like to see USDCAD to bounce at least to the 1.33-1.365 area before continue to move lower over the next...

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The reflation/inflation trade seems to have reached a consensus in the markets. Despite higher inflation prints, rates have struggled to make new highs for a few weeks now and have failed to establish themselves above the 55m ema that has acted as decent resistance/support over the last few years opening the door for a new move lower in rates at least to retrace...

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The bubble is in bonds, stocks are fine they say ........

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DXY (USD) seems ready to retrace some of the recent move lower. Maybe up to 97 in the next few months, which will cause some pain in most asset markets. Once there, it could find resistance and reestablish its downtrend and look to find a bottom sometime in 2023 to complete its cycle.

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USDMXN has failed for now to post a new low and has failed again to break below the 52w ema, that has acted as a support level over the last few years, and formed a double bottom in the process. Using the Wave 4 post-triangle break of 2017-2020 that we discussed before, we could be looking at potential targets of 26.80 or higher in the next couple of years.

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USDBRL breaking to the upside in what could be a powerful move higher in the medium term. Weekly stochastics look overbought so it might be worth waiting for a pullback or re-test of the downtrend to get onboard.

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GLXY has corrected to the 0.382 of what could have been Wave 3. Corrective Wave 4 could end around this area of $18.60, but given recent market action in crypto it is very likely that we still squeeze lower to the 0.236 fib level in the $12.00 region, and where the 50w ma also crosses, before a potential Wave 5 could start. All eyes on this area as there is not...

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HMMJ seems to be consolidating and getting ready for a move above $20 again. Ample liquidity and favorable conditions for the weed business will likely make this happen in the next few weeks.

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EM equities breaking below channel. Will the 21w EMA hold?