SPX bounce on 2734-2738 until March 21st?
Looks like if 2734 is retested and holds then SPX will make another run 2800 until March 21st.
Ironically we had this same 40-60 point bounce last Friday March 9th.
BTCUSD is below 200 moving average and exponential moving average
It broke below $8000 and briefly touched $7900.
March 21st is the US Federal Reservse meeting to raise interest rates with 88%+ chance of 24 basis point increase, which will make US dollar rise.
Libor rate is rising which could cause USD to break to the upside in 1-3 months, and push any...
BTCUSD is above its 200 moving day average again.
Currency trading is closed on weekends for retail traders has given the false perception to go long on BTCUSD. Notice the red line is flat while BTCUSD is rising.
BTCUSD should be flat to up on Monday, down on Tuesday. Then high probability to continue down after.
Most likely BTCUSD will stay under its...
The trend has not changed.
Looking at the green oval highlights the same pattern playing out again.
The trend of US raising rates and Canada not raising rates has not changed.
This will put a lot of downward pressure on CADUSD
The CADUSD should continue to fall back to the low of 2016 then bounce, unless Canada raises rates at next meeting, but unlikely.
BTCUSD update from previous post, as the trend has changed.
As we can see the right shoulder did not begin to form.
BTCUSD could continue to fall to 8300 where there is the most support.
If 8300 does not hold then it will retrace to 2018 lows of 6000 then bounce.
BTCUSD volume is very low, dating to 2016 and previous levels
MACD is ready for a downward crossover, which is bearish
1 and 5 day RSI shows overbought
head and shoulder pattern is forming right shoulder
5 waves could complete the head and shoulders pattern with target of 5400-6000 R/S zone
BTC difficulty levels are at 3.29T, with more and...
NYSE:RY has over $222 billion in debt, which are mostly mortgages sensitive to interest rates rising.
Interest rates will remain low, which will cause a falling dollar.
The Canadian oil industry is a lot worse than USA and other parts of the world with break even costs at $60-65+ for oil sands. See the WCS Western Canada Select...