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Macro Monday 39 (Part B) This chart is a summary of the past two weeks of work in Macro Mondays on the EU Sentiment The Chart illustrates the forward looking Euro Area ZEW Sentiment Index (red line) and the current sentiment outlook via the Euro Area Economic Sentiment Index (the "ESI", the blue line). In the chart I have used thick orange lines to illustrate...

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Macro Monday 34 S&P PMI Composite Flash This S&P PMI “Flash” Composite is a very useful and relatively new data set made available since Nov 2013 that is particularly useful at providing an advance indication of the ISM Purchasing Managers Index (ISM PMI Index) which is released a week later. We are aware from prior Macro Mondays that the ISM PMI index is...

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U.S Initial Jobless Claims Rep: 187k ✅ Lower Than Expected ✅ Exp: 207k Prev: 203k (revised up from 202k) A positive release today with initial claims coming in much lower than expected. Chart Trend We are very close to taking out the lows from Oct 2022 at 180k claims on the chart. Importantly these charts do not update with revised figures and factoring in...

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U.S. Continuous Jobless Claims Rep: 1,906k 🚨Higher than Expected 🚨 Exp: 1,889K Prev: 1,898k (revised down from 1,905k) Continuous claims came at 1,906k which is 8,000 higher than last weeks revised 1,898k. The Trend Since Sept 2022 continuing claims have increased from 1.302m to 1.906m (604k+). This is significantly concerning trend & suggests that an...

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MACRO MONDAY 24 The New York Empire State Manufacturing Index Trading View Ticker: $USNYESM The New York Empire State Manufacturing Index (NYESM Index) is a month to month economic indicator that measures the general business conditions in the manufacturing sector of New York State. It is published by the Federal Reserve Bank of New York and is based on a...

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SEI - CRYPTOCAP:SEI There is a potential set up in SEI with a decent risk:reward ratio of 9.5 ❌We want high volume but we do not have it yet ✅OBV is breaking out (might be an early sign of volume to come) ✅ We are above the 21 day moving average and above the diagonal support line The 21 day MA and diagonal support line could offer a buying opportunity for...

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U.S Core CPI Rep: 3.9% 🚨HIGHER THAN EXPECTED🚨 Exp: 3.7% Prev: 3.9% U.S. Headline CPI Rep: 3.1% ✅In line with Expectations✅ Exp: 3.1% Prev: 3.4% Breaching below 3% is proving a difficult task for Headline CPI . In 25 years of inflation history above and headline CPI cant seem to breach down below into the moderate <3% level Since Oct 2023 Core CPI has...

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AVAX / EURO Relative strenght here along with INJ ✅Nice potential ascending triangle breakout ✅Breakout in OBV ✅Volume increase, above 100Day & good R:R I have been sitting on an AVAX position since the last crypto cycle and have not added to it. I might today though..... CRYPTOCAP:AVAX CRYPTOCAP:INJ #Altseason2024

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Chart Comparison ~ The RICS & Savills Plc (extension to this mornings Macro Monday 37) After sharing todays Macro Monday I couldn’t help be notice some similarities in between these charts. RICS The Royal Institute of Chartered Surveyors (RICS) House Price Balance is a monthly survey that indicates whether more or less surveyors expect housing prices to rise...

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The RICS UK House Price Balance (Released this Thursday 14th Mar 2024 for Feb month) The Royal Institute of Chartered Surveyors (RICS) House Price Balance is a monthly survey that indicates whether more or less surveyors expect housing prices to rise or fall in the U.K. housing market. A positive net balance suggests house price increases, while a negative...

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Fetch AI / EURO I missed the breakout but it was so obvious... ✅Cup and Handle breakout ✅OBV volume breakout (green circle) ✅High Volume Profile ⌛️Possible parabolic curve There is 141% upside "potential" here but I would like a pull back before entry ▫️ Fetch Ai is 69th by market cap on Coin Market Cap (multiples possible) and has an AI narrative /...

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SOL/EURO Cup and Handle Breakout Recently THEE GOAT Peter Brandt re-shared my chart of SOL/EURO recognizing that this is a great trade. I am in the trade with stop placed under brake out baselevel (Stop @ c. $107.80) Good luck all PUKA

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NEAR / ETH A potential trade to increase your ETH holdings ⌛️Potential Head and Shoulders Forming with break out pending (not confirmed) ⌛️ OBV Decision Due - Rejection off resistance or break above? Either way there is a potential trade here, ideally with a break above the H&S, then I would allocate some ETH to NEAR. I might consider an entry...

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NEAR / EURO ⌛️Potential Parallel Channel Break Out ✅ Good Risk:Reward for small/medium position ✅ OBV has broke above key resistance line ✅ Volume spikes previously indicated move up Ideally, waiting for a break above the parallel channel is the safest entry or waiting for a bounce from the 10W SMA (blue line). Folks just look how accurate and useful the On...

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ALGO / USD ⌛️Potential head and shoulders breakout (pending) ✅Above 200 SMA ✅Moderate Rising Volume 🎯H&S Target aligns with 0.618 Fib Ext & prior resistance levels (Targets are never guarantees) #Algorand #AlgorandNFTs EURONEXT:ALGO

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JOLTS - Job Openings Rep: 8.863m 🚨Lower than Expected 🚨 Exp: 8.900m Prev: 8.889m Long Term Trend (DOWN) Since May 2022 we have remained in a downward sloping channel reducing from 11.85m to current day 8.863m in job openings (see channel on chart). Shorter Term Trend (Turning Down) The number of job openings went down by 26,000 from the previous month to...

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Bitcoin Market Cap highest ever monthly volume recorded, and we are only 5 days into March 2024 sitting at $76.35bln....🤯🤯 #Bitcoin CRYPTOCAP:BTC

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Bitcoin - The Liquidation Sweep I guess we will find out tomorrow just how many levered longs got liquidated. Amazes me that Coinbase has gone down for hours during these drawdowns and retail is locked out. Imagine how institutions could capitalize on this.. As far as I am aware Binance has had no strategic outages, retail investors are in the sun making...