Market doesn't smell so bad
Weekly :
Daily :
*3 consecutive SFP's
Double top with lower high
Price is still above EMA 34 and 200 EMA/MA
RSI tightening and coiling
h4 :
*RSI was coiling to break trendout but fell back in.
Price having trouble breaking heavy resistance
Some Yabbering
Price is likely to come down at a minimum to the EMA34 in the 33064 area.
If it doesn't react there, I want to see a reaction at the EMA100 for my thesis to be valid.
If resistance is flipped around 34151, there will be a very strong rally.
While CPI was higher than expected ESMI and retail sales came in better than expected. ES looks good imo.
DXY is breaking a key resistance and likely to go up to 105ish before losing too much steam, but I'm anticipating a rejection there in the golden pocket. Let's see
- Inverse H&S.
Double Bottom.
Successful retest 34 EMA.
Above 200 EMA/MA.
Retested an important support with strong reaction(29373).
Below strong resistance(34151).
3 consecutive SFP's
Daily :
*3 consecutive SFP's
Double top with lower high
Price is still above EMA 34 and 200 EMA/MA
RSI tightening and coiling
h4 :
*RSI was coiling to break trendout but fell back in.
Price having trouble breaking heavy resistance
Some Yabbering
Price is likely to come down at a minimum to the EMA34 in the 33064 area.
If it doesn't react there, I want to see a reaction at the EMA100 for my thesis to be valid.
If resistance is flipped around 34151, there will be a very strong rally.
While CPI was higher than expected ESMI and retail sales came in better than expected. ES looks good imo.
DXY is breaking a key resistance and likely to go up to 105ish before losing too much steam, but I'm anticipating a rejection there in the golden pocket. Let's see
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.