Walk through of the major markets - SPX, OIL, GOLD, US DOLLAR Bonds and BTC
basically I think we're in a rally, but the dollar worries me as I think it could rally hard very soon.
I hope it's helpful!
basically I think we're in a rally, but the dollar worries me as I think it could rally hard very soon.
I hope it's helpful!
Comment:
this is not looking like it's going to rally, and 3900 resistance held. Regardless of rsi I think we could just keep moving down with small rallies here and there. be careful.
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oil reached the 200 weekly, expect a bounce or at least consolidation here.
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hard to tell if a rally will continue - we're still chopping around and still below the downtrend line and both 18ma - daily and weekly. bias still is down but no guarantee the selling continues.
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qqq also reached it's downtrend line today
Comment:
with all the choppiness it could be we are just in a deformed triangle, in which case a sell down tomorrow confirms B as a triangle is over.
this is what I was thinking yesterday, let's see if it works. the move down was hard, so I'm not sure, but the rsi is at the low as I thought it should be.