CPI might be the event to trigger a retracement in QQQ. Pisitive or negative it will be used as a reason to reset position. Further upside without a breather seems cleaver to me.
If barrick close and hold 18$ on weekly timeframe, this could lead to a quick touch of 20$.
Debt ceiling agreement next week could be the trigger to this massive rally heading toward 2150$. Negative economic news will start flowing in while bank credit is getting tight, home sale are shrinking and job market is only going down from here. DX dead cat bounce is over as well as 10 yr treasuries. Enjoy the ride. Buy the dip!
Regulation will bring that ponzi to an end. It will be traded as an NFT or a derivative with oversight, compensation and fees. The technicals look clear to me and many. Whales are getting out.
Following previous idea 1833$ is reached, next step will decide future mid term trend. I still see bullish cycle in gold therefore I beleive we are getting support from here. Let see what is next!
1833$ strong support, if CPI is less than 0,4 we could expect a bump to 1900$ follewd by positive sessions.
Down volume on extended bear rally, forward PE ratio / historical PE ratio increase divergence. Fib retracement projected. Midterm target 2638.