DXY weekly with bull market support band or bear resistance!After a long time above the band for the DXY here's the first retest since below.
Riskasset
Nasdaq NQ hovering @wma200/mma50/June low zone;Diamond again?Nasdaq, si,liar to SPY has made 2 diamond patterns in May & June leading to a reversal with positive Rsi divergence.
Could it be repeating similar set-up this Sept-Oct?
It is currently hovering around the mma50+wma200+June low zone. Sometimes prices break a little below the diamond pattern first eating away the cut-losses before a reversal. If NQ makes another new low after Thursday’s economics data, it will be bad news.
Not trading advice
Total market cap not looking goodHello!
I have been busy studying alot about TA . Seems like this is the first post of mine on this year..
Total market cap trying to break the 200MA on weekly which it has never been broken . If we lose the 760 area next target is 440 . 45% drop!
Bitcoin already used the same 200MA as a resistance . First time ever.
I do think we still need to cleanse the markets more. When all the moon boys has went to hiding and quiet it is time to get greedy .
Risk assets not looking good at all and dollar stays strong.
When fed starts to pivot with rates, markets are going to sniff that and turn
Get ready for possible more pain and start to get greedy slowly
When buying long term remember the long term view. Crypto ain't going away.
Ps. If you want to learn TA =technical analysis and find great mentors/traders tell me. I can put a list of few ones who I have learned really a lot.
I don't know where I would be without them.
-Jebu
