The US Dollar is holding 1997-2000 prior resistance, as support. We have a breakout of a downward slope, retest of the trend line, and now retest of the most recent double top (2017, 2020). We all are watching Gold test the 2000 area, but what I don't see often is a technical pattern analysis of the US Dollar. As the dollar rapidly deflates, we will transition...
Bond price has dropped below two key buy trend lines, if it breaks 148, interest rates will continue to rise, which I predicted was a false breakout above 1.0%. However, Dow also showing resistance at 31,500. Bonds and stocks are NOT inverse.
Red is resistance, Green support, and white is crash bottom. Megaphone breakout above 31600 in Feb cancels short play.
What was resistance is now support. If it breaks support, then lower I suppose. (remember fed is printing, stocks only go up)
staircase to new highs, but very close to breaking trendline, if so, will retest 30800. probably short Thurs and Friday. Especially if it breaks 30800 support.
pull back in the near future, but potential to put in new high this week.
Trendline break this morning, im short DIA
swing trade Long to 698 if holds 633 resistance this morning, if 630 then swing short to 480
Fibonacci crossover complete, retest 29870 area go SHORT, Stop loss at 29900 area,monthly target is 26,400.
Friday marked crossover, higher than Friday afterhours close LONG, bounce from friday high down SHORT
watch for bounce at 29790ish to all time highs of 30400
Wait for retest of 29940
TLT Broke out intraday at 158, but wait for Breakout above trend line to go long.