SPX in 4H seem to have found a new trend towards 4000P, but its tight and could quickly fall of at around 3985/3900 to create a "head and shoulder pattern" which is usually bearish. If it hits roof at open on monday im expecting another pullback to 3700 and best case it continues the trend up with a bottom at 3830. SPX in 1D seems to have hit the roof already,...
With the stimulus right around the corner and all the pointed out technical indicators being aligned perfectly (like twice before in the previous months) It looks like we are ready and set for another round of the BTC turbo surge. Expecting a new ATH pretty soon.
The Japanese yen has started the week with considerable losses. Currently, USD/JPY is trading at 108.82, up 0.51% on the day. The yen's woes continue, as the US dollar continues to beat up on the Japanese currency. USD/JPY has jumped 5.6% since January 1 and is pressing on the 109 line, which has held since June 2020. The catalyst behind the recent strength of...
What's poppin trading family, An updated analysis video on the current state of XAU/USD aka Gold. Drop your thoughts in the comments below and let me know what y'all think about Gold, and if there is anything you want to see in the next video don't hesitate to let me know, ALL FEEDBACK AND CRITICISM IS APPRECIATED! As usual, take profits and take it EZ -- I'll...
As the week comes to an end I can see that gold has reached a potential break and retest area on the weekly chart. The price of gold could start going up back perhaps even to the previous highs marked by the first gold area of the Fibonacci. For now, we must wait for the forex gods to decided where price action will continue next week. Do you agree? Disagree? I...
The market was extremely bloody last night, where we saw $TQQQ trading at highs of $98.07 at one point and subsequently closing at $87.90. I believe this can be attributed to the rising bond yields trend we are currently witnessing, particularly in the 5 year and 10 year treasury yield. Between the start of February 2021 to February 24th, the 5 year treasury...
1 candle = 1 month. Which shows us a 10 year down-trend which is about to be tested. If we break R1, R2 is the next potential move. Since early november we haven't broken the 10sma, which can be used to exit half your position. Fundamentally speaking, it appears the market is expecting the stimulus bill which might come in the next months, and will most likely...
Currencies started really moving this month, in the first third of the month. And it's endless. Trends are simple: All not-zero/zero are going up, all zero/zero and not-zero/not-zero have no clear direction. The Yen and USD are also going to zero. They're all getting stimulated to go to zero they go there at different speed best to just avoid gambling on it,...
Since 2018, Gold has pretty closely tracked the inverted real yield on 10-year US Treasury bonds. Recently, however, a fairly large gap has opened between the two. Will gold close the gap with inverted bond yields, or vice versa? Generally speaking, it looks like gold has led bonds for most of this period. That suggests that gold investors are a little quicker to...
The only thing that seems to not react to declarations and events from the USA seem to be their own stock market 😄 Everything else, other countries that have nothing to do with it, just you know, big moves. Money managers worldwide are all invested in everything (MPT diversification). Also crypto does not care and is correlated to the S&P (dumb money throwing cash...
What would you do? There seems to be heavy resistance at 18.50 and no real exciting support until 16.50. The previous stimulus checks don't seem to have really moved the price of gold. Where's the inflation? Normalized by DXY:
After breaking 90.74 support level US dollar index expanded its weakness. Additionally, most probably with higher US inflation and CPI data, it might slide down to lower levels. At lower levels, 89.20 is the major support level.
DXY / US Dollar should continue it's fall especially when stimulus bill gets passed.
Last Friday we had unemployment figures from both Canada and the US. Below were the results. USA - Average Hourly Earnings (YoY): 5.4% USA - Nonfarm Payrolls: 49K USA - Unemployment Rate: 6.3% CAD - Employment Change: -212.8K CAD - Unemployment Rate: 9.4% Here you can see the US reported their unemployment rate at 6.3% signaling a nice improvement, following...
if there is any indication that we are definitely in the final leg of a bull market, today was it. Everything was pumping euphorically at open across the board until the market showed us what a mid-euphoric pullback could look like, with the rug being pulled right from under us. A lot of names like TSLA did bounce back after, but it reminds us that its SUPER...
Sun came up this week to set on the Bainden’s thursday speech which turned out to be one huge stimules package . The package apparently has turned the dice for US Dollar and Crocobot has given us a Red Pump detection program call .
Futures traded sideways again in the overnight session, and have been stuck in a tight range since last week Friday, when we saw a nasty payrolls print. This morning's jobless claims came in ugly with 965K new claims, the highest level since August, and 5.271MM continuing claims, a rare rise from last weeks 5.072MM. Import and Export prices came in higher than...