Entering the ER months - SPY USOIL WEAT BONDS GOLD DXY BTC
Updated
September 1 and that fall reversal may be in the air.
Looking for a reversal from the falling wedge, but believe me it could easily end up as a false breakout. I'm sure many eyes are on it at this point. If we do rally from here, is it a minor rally? If so, we may set up another, larger, head and shoulders pattern. OIL is at support, Bonds are sucking and probably go into the 120's even if they bounce. Wheat futures / ETF at support as well. Gold needs to hold 1675 level but the Dollar is very strong long term. The USD may pull back here though. BTC is holding up well.
Tomorrow at 8:30 is Jobless claims and then ism at 10am, you can watch for economic news on this nice economic calendar
us.econoday.com/byweek.asp?day=1&month=9&year=2022&cust=us&lid=0
Looking for a reversal from the falling wedge, but believe me it could easily end up as a false breakout. I'm sure many eyes are on it at this point. If we do rally from here, is it a minor rally? If so, we may set up another, larger, head and shoulders pattern. OIL is at support, Bonds are sucking and probably go into the 120's even if they bounce. Wheat futures / ETF at support as well. Gold needs to hold 1675 level but the Dollar is very strong long term. The USD may pull back here though. BTC is holding up well.
Tomorrow at 8:30 is Jobless claims and then ism at 10am, you can watch for economic news on this nice economic calendar
us.econoday.com/byweek.asp?day=1&month=9&year=2022&cust=us&lid=0
Note
sorry, ISM was today, Tomorrow at 8:30 is employment reportNote
So far looks good, but "tomorrow never knows"
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