ScotThomsen

ScotThomsen Updated 

Yields remain high, Bonds are selling off, Huge price demand @ 4650, which is also 72.8% Impulse drop, and typically a Reversal level. Now that Mr.T backed-off on Tariffs, Powell might do a rate-cut and create a Bounce!

ScotThomsen

1). The S&P 500 could bounce back soon, especially if Tariffs prove to be overwhelming! A). Price is on a wave 5 South towards 4650. 2). 4650 is at the 27% retracement, and typically a reversal level.

ScotThomsen Updated 

The Daily chart is Bearish! The northern corrective wave 4 could be over and ready for a wave 5 drop! The fall has some volume & momentum...

ScotThomsen

1).Appears maxed on wave 5 and lined up for a price correction south...ABC. 2).Japanese Candlesticks are Bearish. 3). Price Momentum and Volume is dropping. 4). Banks & Hedges appear to be selling the pair. 5).The chart exhibits bearish trend lines. 6). The chart liquidity seams to be in the works of an M pattern. 7). The overall economic fundamentals have been...

ScotThomsen

It's practically fact, as this will create a better rate on the summer US Bond refi! "No-tellin" how far of a drop might occur, for the discount...

ScotThomsen

The Daily chart is Bearish! The northern corrective wave 4 could be over and ready for a wave 5 drop! The fall has some volume & momentum...

ScotThomsen

Bravo, as our anticipated price correction played out to the downside! However, this could be a great opportunity to enter long, as the economy appears to be slowing further... Powell is very likely going to make a Rate-cut, which is positive for risk assets!

ScotThomsen

Bravo, as our anticipated price correction played out to the downside! However, this could be a great opportunity to enter long, as the economy appears to be slowing further, Powell is very likely going to make a Rate-cut, which is positive for risk assets!

ScotThomsen

On lower times frames, there's a Gap at 120, so likely that's where she's headed...

ScotThomsen

The tape reading is Bearish on a 30 min. chart! Hitting resistance while Banks are selling, and Net Volume is dropping etc. Retail candles are also Bearish, since they're not able to break recent highs...

ScotThomsen

The tape reading is Bearish on a 30 min. chart! Hitting resistance while Banks are selling, and Net Volume is dropping etc. Retail candles are also Bearish, since they're not able to break recent highs...

ScotThomsen

The tape reading is Bearish on a 30 min. chart! Hitting resistance while Banks are selling, and Net Volume is dropping etc .

ScotThomsen

The previous 3 "Halvings" have skyrocketed historically! We're looking to Buy discounted pullbacks...

ScotThomsen

Very likely 1900+ to take-out stops above 1880...👍😎 Also,1840 was best long entry at bottom of corrective wave 4!

ScotThomsen

Wave 5 ended at 97 now it's heading north towards 106 likely...

ScotThomsen Updated 

Banging a lot of Resistance at the moment! Likely another drop towards 93 or so...

ScotThomsen

There's a lot of US$ strength at the moment, which could push CL1 crude oil further south...

ScotThomsen

Wave 5 may be over since it couldn't break northern structure. The Bias appears to be south now towards 100, which is the bottom of the long wick on a 4 hr. chart likely...