Since it's been a while since I have posted on Trading View, this seemed like a PERFECT TIME to post my thoughts for the second half of 2023.
As we cross over the halfway mark on the year, we have been quite correct on our call for Risk to rise into 2023 (in spite of 90% of the sheep suggesting otherwise).
Now as we enter into the last month of Summer, there are hints of a correction looming. If the
USD
breaks its prior low (5th wave on my chart) then my count is incorrect and the rocket goes higher, BUT if we were to get an A-B-C retrace (which I am looking for), I see the
USD
going to $107-$109.
If that happens, this will mean a short-lived correction of
BTC
and Stocks into late summer/ early Fall.
Once complete to the .618 Fib (base case), I see the
USD
rolling back over, and ALL RISK ASSETS Explode higher. We would then see the
USD
probably go to the mid 80's before the final blow off move in stocks and
BTC
is complete.
PLEASE NOTE: Whenever my suggested move is complete, the real Horror show begins as we enter into 2024. This is when I see risk assets tank and the
USD
soar. So, the time frame is rather short for positioning (6-9 months), please stay vigilant.
PS--Any correction would also help to knock back Bullish sentiment.
As we cross over the halfway mark on the year, we have been quite correct on our call for Risk to rise into 2023 (in spite of 90% of the sheep suggesting otherwise).
Now as we enter into the last month of Summer, there are hints of a correction looming. If the
USD
breaks its prior low (5th wave on my chart) then my count is incorrect and the rocket goes higher, BUT if we were to get an A-B-C retrace (which I am looking for), I see the
USD
going to $107-$109. If that happens, this will mean a short-lived correction of
BTC
and Stocks into late summer/ early Fall. Once complete to the .618 Fib (base case), I see the
USD
rolling back over, and ALL RISK ASSETS Explode higher. We would then see the
USD
probably go to the mid 80's before the final blow off move in stocks and
BTC
is complete. PLEASE NOTE: Whenever my suggested move is complete, the real Horror show begins as we enter into 2024. This is when I see risk assets tank and the
USD
soar. So, the time frame is rather short for positioning (6-9 months), please stay vigilant. PS--Any correction would also help to knock back Bullish sentiment.
JT