Weekly Preview - SPX500, Gold, Oil, The Dollar, BTC

Updated

All in the video. Tech may have topped but we will likely bounce on QQQ and SOXX and therefore get the SPX to new highs, either before or after FOMC. Gold is consolidating for a big move, I think down to 1900 or lower. BTC will probably test it's highs and maybe even get to 50k or more.

Good luck!

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overnight, no change, still in consolidation phase. My feeling is not much will happen until a) earnings or b) FOMC

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looks like one more low on the q's

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good morning, I was away from the desk yesterday but we got the push up I was looking for. Overnight there's been a correction and again the small time frame RSI looks too low, So we are probably going higher today.

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nice pump at open but tech is already negative - I still think spx gets a new high, but may not.

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IWM and DJT both negative - esp DJT. While they will likely bounce and everything else probably goes higher today - these indexes are often leading indicators.

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Gold collapsing after it's breakout - I still think it drops to 1900 minimum.

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30 minute bull divergence with a double bottom is likely bullish for another move up before EOD or into tomorrow.

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they did go higher into the end of the day, but then it dropped. With FOMC tomorrow this is still very possible. We'll see how the overnight looks...

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overnight not much happened, they are under resistance. I think we'll probably drop down to the previous trendline. Right now this looks like a false breakout which is usually bearish but with FOMC today we can't really predict antyhing.

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potential bear trap would not shock me with the rsi this low.

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trendline reached on watch for bounce

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Failed at the trendline, it's possible they try to breach it one more time to take out stops -

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C wave most likely - bulltrap.

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fast up, fast down

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damn, what he say?

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4825 should be support - Daily 18ma.

the_sunship

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