Inter Market Correlation update
Updated
In January I posted a lighter version of this chart, with less symbols on one chart. A have to admit it turned out a bit like a can of worms but just because of the many markets comparing it gets more interesting in my opinion.
Between January and now and adjusted my Gold expectations and it does perform even better than I expected it would do at first. This while Oil I adjusted down to $64 because of the drop throughout June. Interested in commodities have a look at Platinum from last Friday!
On this market correlation chart you also find US Treasury Bond Yields and I recently added Bitcoin (BTCUSD) as an indicator for the crypto market. Remarkable how the yields continued downwards and made an all time low last week. Bitcoin correlates pretty much positive with US30, with a certain delay.
One year ago in August and September US30 and DXY correlated negatively for two consecutive months. Something I have seen before once USD devaluation has started to make a steady downtrend, which traditionally takes place halfway August.
Predictions from January are still the same and I am expecting stocks to rally one more time before we will see a bigger crash. BTCUSD to follow accordingly, see my related ideas.
Between January and now and adjusted my Gold expectations and it does perform even better than I expected it would do at first. This while Oil I adjusted down to $64 because of the drop throughout June. Interested in commodities have a look at Platinum from last Friday!
On this market correlation chart you also find US Treasury Bond Yields and I recently added Bitcoin (BTCUSD) as an indicator for the crypto market. Remarkable how the yields continued downwards and made an all time low last week. Bitcoin correlates pretty much positive with US30, with a certain delay.
One year ago in August and September US30 and DXY correlated negatively for two consecutive months. Something I have seen before once USD devaluation has started to make a steady downtrend, which traditionally takes place halfway August.
Predictions from January are still the same and I am expecting stocks to rally one more time before we will see a bigger crash. BTCUSD to follow accordingly, see my related ideas.
Trade active
Break out up expectedTrade active
Looks like a Cup and Handle being drawnNote
This analysis is followed up with the following idea 
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