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DXY GAME ON!! SPIKE COMING FOR THE DOLLAR?Last week's surprising jobs report sticky inflation, and persistent and frothy financial conditions may force the Federal Reserve members into a more hawkish position, forcing them to keep the heat on interest rates and the money supply.
Many market participants were looking for a pause in rate hikes as soon as next month and possibly a pivot to lowering rates shortly after. This new data is going against what the Fed was trying to accomplish in this rate hike cycle, which is
to keep inflation within mandated guidelines, and to tame loose financial conditions, dashing the hopes for a pivot in policy anytime soon and pushing that pivot out for far longer than some were expecting. This will put upward pressure on bond yields and a dollar so heavily shorted causing the pivot crowd to close out some of their short positions as the Fed puts the screws to the money supply and inflation. This classic cup and handle setup illustrates the effect the Fed Policy may have on the dollar.
BBBY By no means is this any financial advice. Since we've all seen the news that was released about Bed Bath & Beyond reportedly raising $1 billion in the stock deal to get out of loan default.
now that means they are diluting the shares.
Shares of the retailer are heavily shorted, with short interest standing at about 53% of the float, according to data compiled by S3 Partners.
The company is doing this because the stock went up so much that you need to understand that BBBY will sell that to take the profit out of the squeeze. so most likely every time it rises they will make an offering diluting the shares even more which will cause a pull back. so be careful of that
Inverse head & shoulder bottom for SPX???Has SP500 really bottomed? This could be inverse head and shoulders chart pattern if I'm seeing it right. :-) There are set ups, market sentiment has improved, FTD day - check, net highs and lows positive, some stock got clobbered during this correction, no one believes this is beginning of new bull market (me neither, but technicals point that we might just have bottomed). What are your thoughts?
Buy TSLA in DecemberI think Tesla will be a good buy for December!
NASDAQ:TSLA has reached the lows of March 2021 ($179). The Hazel Heritage Indicator gave me my favorite signal, which is the "untested low", pointing out when price has crossed through a pivot low that has never been tested before.
This signal has a 92% success rate of creating a new pivot low. Price also has came back down to test the all-time high of $167.
Therefore I'm bullish on Tesla going into the month of December!
PERSONAL SAVING RATE RUNNING ON EMPTYThis chart shows that personal saving is at the lowest in US Record . TIC TIC TIC BOOM NO SAVINGS RECORD HIGH RATES ON CREDIT CARD . AND CONSUMER SPENDING AT A RECORD HIGH . . ONCE UNEMPLOYMENT TICKS UP I WANT TO PUT THIS OUT THERE THEREIS ONLY TWO THINGS THAT CAN HAPPEN 1 PUT CASH DIRECT INTO THE ACCOUNT =INFLATION OR CONSUMER CREDIT DEFAULTS START Auto repossessions at a rate of 15,000 a month . or a 3th way debt forgiveness, The MACRO Picture over the next 18months, is NOT good Civil Unrest , homelessness.
PROSBUSD - Bump and Run Reversal Bottom Pattern?Bump and Run Reversal Bottom Pattern
The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.
XAUUSD : WEEKLY TRADE PLAN There hasn't been a pullback on the weekly chart since the downtrend structural breach at 1820. I'm therefore aiming at the 1852 level of the 50% fibo retracement.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Are rabbits the new dogs ? LTRBT/USDThis has had a good week, and this being the year of the rabbit its got good meme potential right now. i think its possible we get some kind of cup and handle pattern forming at the previous high and then a big move up, its been around a while , i think it started out as spunk bunny or something and pumped on an Elon Musk tweet, since then theres been a migration and this is the first decent move its made since then, worth keeping an eye on and maybe try to snag a small bag if it makes a cup handle . really you'd want to see the handle stay in the top third of the cup
Russel 2000 Head and Shoulders in playAfter another head and shoulder that broke to the downside, we find a similar pattern playing out. As the RSI is pointing down whilst there is a downtrend in play, we are looking for the head and shoulders to be completed and break down.
The next target corresponds with the previous supports of dec. 2018 and aug. 2017.
Binance Coin BNB Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Binance Coin BNB are:
BNB/USDT short
Entry Range: $270 - 280
Price Target 1: $255
Price Target 2: $239
Price Target 3: $219
Stop Loss: $298
AAVE most likely to go downAAVE, previously LEND, is one of the lending companies that are not down yet.
Most likely it will feel the contagion of FTX on others.
I have a short position in it since this post:
AAVE/USDT short
Entry Range: $57 - 59
Price Target 1: $50
Price Target 2: $37
Price Target 3: $20
Stop Loss: $69
ETH could have bottomed at $1000ETH hit Head and Shoulders target at $1000 on June 22, 2022. Simultaneously, it bottomed out on the RSI and touched high of 2017.
The chart is aligning to show a major bottom here.
All that is left is to break out of the major and minor wedge patterns that are aligned as well!
Do you agree?
Coinbase to delist Bitcoin Stellar XLM from Coinbase Walletpast short setup
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar ( XLM ) from Coinbase Wallet!
My price targets:
XLM/USDT short
Entry Range: $0.085 - 0.090
Price Target 1: $0.079
Price Target 2: $0.0.071
Price Target 3: $0.069
Stop Loss: $0.111
DASH prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it.
My price target for DASH for the end of the year are the following:
DASH/USDT short
Entry Range: $45 - 50
Price Target 1: $41
Price Target 2: $38
Price Target 3: $32
Stop Loss: $55