Possible pattern forming, would allow short leverage to wash out and bore traders to death before the drop. Could lead to a nice gain over the next month and a nice spot to re-set up shorts.
Markets get punched in the face on Monday? I expect this could take place as a gap down creating an island reversal pattern or the more likely scenario of a long wick reversal from the upside (gravestone doji) first, into a strong continuation for the rest of week. 1. HYG and Standard indices negative divergences. 2. USD has only a few more points to run down...
Dollar begins to pull back for ~2 weeks before ripping to ~120 coinciding with what will likely be the 2022 bottom. (Though not THE bottom. Aim late 2023)