Neutral
Back to neutral, with a tighter squeeze now.I am still waiting for another long position since March when we were at 47.5k!
We are back in the neutral zone yet again with the bands constricting tighter around the center. The red resistance band up top is crashing down, while the support zone below DOUBLE bands. The support is looking stronger, and I am leaning towards long here, but not yet.
We are entering November, December which is usually Bear months. I still need more confirmation that the current price can push towards the resistance.
Doge - A game of dogs and birdsSince Elon Musk took over twitter this thing pumped nicely. Every day there are more developments in the news about the future of this coin. What makes it tricky is the tweets from the "Chief Bird" have great impact on price movements. God forbid he posts a picture of a different breed. Otherwise high probability of more upside after the price established a new higher low.
SPX BUY & SELL Setup 10/24/22If we get back near the daily opening price I'll take a partial on the buy setup and just leave the rest of the Buy and Sell in. Up and down day, we've swung 700+ pips 3 times so far today.
Took Partials on both of the setups and leaving the rest in with the stops in profit.
$ABB with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ABB after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Silver & Gold. Long? Short?Remain neutral/bearish on gold & silver until the US10Y, DXY, & Fed Funds Rates tops.
This is the first time since the de-pegging of USD/Gold (in 1975) that interest rates & the USD have been rising.
This creates an extremely tough environment for gold & silver to significantly rally being under pressure from high dollar & rising interest rates.
Despite strong headwinds, there are many tailwinds as well that will lead many commodities prices higher such as, the clean transition, & the dollar (usd) devaluing.
Chart:
FED FUNDS Rate = Blue Line