Combined with DXY BULL flag and EUR/USD BEAR FLAG BREAK, I have entered a short on Gold. The RR is pretty good here in case it breaks the flag. S&P is also keeling over.
The ruble has been under constant strain from US exporting inflation, even more so during COVID. The ruble is already near record low valuations against the $. Russia has been forced to stem inflation by raising rates:
"Reuters: MOSCOW, Dec 17 (Reuters) - Russia's central bank raised its key interest rate by 100 basis points to 8.5% on Friday and said more than...
Yields falling have been a good predictor of past market corrections. Look at Feb Jan 20, Oct-Nov 18, Jun-Aug 11. Yields falling indicates a flight to safety. Are we in for a stock market crash/correction in the next few months?
Not sure where bottom is, this is just the current trend. Not Fin advice, do you own research!
Cup and handle formed and completed handle breakout. According to this cup around 40-41k completion.
Never marry an idea, always be willing to change. Things change in an INSTANT.
US Inflation data tomorrow @ 6:30 ET!
It's been an absolute war between the bulls and bears. Bulls steamrolled the bears earlier to across 37.5k but the bears keep relentlessly pushing it down. My take? 60-40 the bears win by the end of this week, most likely in the next few days. -- not fin advice.
Cup completed as 10YR moves past March crash high. Cup depth ~0.7 so if this completes expect breakout to 2.0. This would probably effect markets drastically. Not fin. advice.
(Not Financial Advice, trade at your own risk, the following is my own opinion)
Probably the most important chart in the world, the EUR/USD, which makes up over half of the DXY. The euro has had an impressive run against the dollar in the last year. The trend is starting to reverse with the head and shoulders pattern being played out over months. I count 3 sets...
