This is where we separate the men from the boys
We are reaching oversold levels on the weekly charts.
This is where I start tweaking my hedges.
I think this week's closing should give us an indication of direction for next week.
A close below 24000 on a weekly basis points to some more work to the downside possibly till the mid terms.
Fiscal policy around the world is still suggestive of a strong US$ and higher rates. So the DJI is still a valid refuge for global capital... till it will be no more
Usual caveats apply
This is where I start tweaking my hedges.
I think this week's closing should give us an indication of direction for next week.
A close below 24000 on a weekly basis points to some more work to the downside possibly till the mid terms.
Fiscal policy around the world is still suggestive of a strong US$ and higher rates. So the DJI is still a valid refuge for global capital... till it will be no more
Usual caveats apply
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