Prep for the week 3/12 - SPX GOLD USOIL BONDS and the US Dollar
Expecting a rally to about 4k to test the important MA's, then reversal. USOIL should be a similar move. Gold may peter soon out if the dollar is going to reverse. Bonds look good to continue to 140 area.
good luck!
good luck!
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oil toying with a break of that 72 level.
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Only a minor bounce by ES overnight, looks like they want to come down to the weekly BB today around 3812. I would expect that to be support.
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BTC back to the recent support level, this is an objective short with a tight stop.
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it is still possible we get a larger bounce up, Daily rsi is already showing hidden bull divergences from the previous low and the fib measurement is 1:1 on futures. I would be careful here at open.
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spy 1;1 fib reached watch for reversal
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this could be the rally to the 18 ma daily and weekly mentioned in the video. expect sentiment to change overnight
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if this rally is correct a larger head and shoulders may be forming, lets see how this goes
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spy - channel needs to break up for rally to continue to 390 and more
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channel break, a retest tomorrow would put in the B wave before more upside, if this is correct.
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another leg down into close or overnight would complete the B wave - if this is correct.
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spinning top on the cash chart, my guess is CPI drops the market and then it rallies hard for a few days. Daily RSI is very low, needs to be reset....
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good morning, inflation data is out, i suspect one more low to come before we bounce, but that could be wrong.
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there's a potential channel here - it's not perfect. We also have the uptrendline here. If they fail today, one more low and then a slower bounce into next week makes sense - again I don't know if that will happen, but it looks good.
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channel reached
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channel break, this will likely continue into the 18 ma on the daily or weekly, even if it pulls back soon.
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backtest of channel - should be long
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Choppy day. I've taken off all the lines just to see the range we're in - a break above is bullish a break below would be bearish. I think we're in an ABC going up so a turn after a sell off is likely if this is correct.
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oil breaking 72 - perfect breakdown
