But yet is it safe to hold Fiat in a backdrop of infinite QE?
TD approaching a 9 on the weekly..
Expecting a re-retest of the red 21 EMA or even down to the green 50 SMA, coinciding with the Ichicloud range.
STOCH(pRSI) on the PRISM oscillator beenin an overbought state.
Cyber Ensemble may trigger a sell in a mth or two..
Buy this DIP
This will move down again perhaps tomorrow. Then See Silver above $30 and Gold above $2075
GLD SLV XAUUSD XAGUSD
This will see big moves up on any news or moves down in SPX/SPY
This is the only pull back short term.
Expect more frequent pull backs as we see trend of Gold over $2500-3000+
Add to your existing positions while you caN.
If you're following along you will see that I have continued my Correlation research, hit the follow and like button to show support
Following the topic of Correlation here is a visual of what is going on lately, this along a few Forex pairs is a great way to compare and contrast the full list of correlation.
Also US Oil and DXY I didn't add those on this chart...
The grey arrows are optional. But after a frenzied sell off like this, we should trigger some bargain hunters... who may end up getting dumped on. Bull trap? Long SPX Only.
Made this quick analysis on the current situation as we explore correlation regarding all the ideas I have shared.
Using this as a guide in combination of other tools and strategies for confirmation.
Focus on fundamentals to forecast market direction as well.
This is for educational purposes and not financial advice.
As per the Chart
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov (Tradingview name: Chartreadingpro )
Money and...
Phase 1 shows an uptrend, followed by a lower high, then had a retest of lower support, followed
by a higher low, then we broke above prior resistance, followed by the same move.
I'm looking for this same move again in phase 2 in the pennant. ^
Remember, it's Sunday so paying attention to this week's (CME) is important.
Weekly close in just under 8 hours....
Orion Protocol $ORN/USDT is currently staking on KuCoin Pool-X at 41.5% APR gains! Over 70% of circulating supply has been staked in the first 2 weeks of listing - we are powered by Elrond $ERD which is already listed on Binance and if you go to their website where it says "incubators" under partners, you will see that will have ties with Binance X. Already up to...
It has been a very action packed number of weeks on, and let's admit it, in an already red hot market. I
can go on and on about the Federal Reserve, The Wall St Hedge Funds, the overinflated majority of
stocks on (any) market today. But, is that really that much fun? I would be (to many of you) preaching to
the choir, and saying nothing new.
I thought that I...
This is an update on the DXY analysis I've been posting about recently. In my last post I highlighted the fact that USD was losing ground on the DXY chart breaking out of its multiyear diamond pattern dating back to 2014. This diamond reversal pattern ultimately has targets of around $80 and the USD is now sitting at around $93-94. Since my last post there was a...
