Hi everyone, In the last few days, the cryptocurrency market has been red after hitting the last resistance of the wedge we are in on BTCUSDT, which I mentioned that this would happen in my last post. After hitting the support that we are still in right now, the price has been consolidating forming Dojis candles. What we are sure of is that we are preparing...
Price of Gold is re-acting on upper and lower trendline to form a wedge pattern @ Detail on the chart
This will be a relatively detailed idea, but bear with me. There will be plenty of charts that speak for themselves, so I'll try to keep it as short as possible. Since everything is connected, the analysis will contain three parts, including yields, inflation, macro indicators. I will post an additional analysis of equity factor performance during rising yield...
I have used the ishares ETFs as a proxy for the key factors driving the US markets
I don't think so. The risk factor is fading. Gold will have a callback, so in the 1360 option to sell is a good short-term trading
Transportation is one of the key industries of US economy, while paper index traces performance of companies involved in packaging of all the goods shipped. General understanding is that if fewer goods are being packed and transported, fewer goods are being bought, which in turn means a slowdown in US economy (measured by GDP, which is approximately 70% retail...