You've probably heard the phrase "Cleanest shirt in dirty laundry" or "Cleanest house on a dirty block" referencing the US dollar wrecking ball. This chart shows the BTC price the last 3 times the dollar index (DXY) touched a hundred. Relatively speaking BTC has held up pretty well one would think.
10 year yield (in log form) compared to the S&P 500 in the bottom pane.
Lets see how this retracement pans out. Unless supply chains are fixed overnight and the de-globalization narrative changes I would expect the yellow box area to act as support. Volatile environment out there - keep your size in check.
Gold has been patiently consolidating for weeks. This balance area is reaching its maturity stage.
A big picture of where we are in the cycle. Rate ceilings appear to be dropping over time. Can we attribute this to the government debt burden and their ability to service that debt?
This is a comparison of the SPX with the VIX adjusted for gamma weighted dispersion. A clear consolidation of price action while the market awaits further information.
At some point this range will break, and it will be big. Which way?
Bulls wanted a pennant back-test success at 10.5K - didn't happen. The story lives and the consolidation area matures.
Tech getting cleaned up pretty good. This pattern caught my eye. This one has high volatility and good volume.
For length of the current bull market I did an average of of the last two which came to roughly 700 days. For gains I used the last bull markets percentage gains (the more conservative of the two previous) as an estimate for the current. Price expectations are only a result of time and price here and are based off of crude assumptions. I just thought it was a...
If you can find another semiconductor trade that is not ridiculously valued based on traditional Fundamental analysis - let me know. This one fits my bill. Technically still within the ball park for good risk reward.
A sustained bid above 27 is bullish, which would leave a 13 year trading range as a support area. Below 27 would indicate this decade plus trading range has not yet reached its maturity. Good luck, and manage your risk!
Consolidation breaks usually tend to go in the same direction they came from. Let's see.