Get ready, commodities will cave and so might the market. Look to my other threads for more elaboration. I'll continue my Dollar thoughts in this thread going forward after that change in dynamic after the FED meeting.
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x.com/TTCSteve/statu...143236321343/photo/1
Alt B will be higher, tagging yellow resistance due to global volatility with central banks cutting and the FED soon to cut as well...
Alt B will be higher, tagging yellow resistance due to global volatility with central banks cutting and the FED soon to cut as well...
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I'd like to think this goes up this week, indicators are in the middle so it will be a continuation imo.
If the dollar retraces back down to the trendline this week, I expect an even more volatile following week for stocks...
I'd like to think this goes up this week, indicators are in the middle so it will be a continuation imo.
If the dollar retraces back down to the trendline this week, I expect an even more volatile following week for stocks...
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Having fun with the Livermore Accumulation pattern, I'm seeing it in all types of TF's. I see a potential one brewing in the dollar, which goes along with my same timings with events.
EW says this should go down to 97 later this summer, LA says this doesn't go down to that point until a little later starting in fall. I'm more inclined to LA because the momentum that's going to drive the dollar higher before the system implodes (140+) requires a prior top out before taking off to it's final ascent.
Having fun with the Livermore Accumulation pattern, I'm seeing it in all types of TF's. I see a potential one brewing in the dollar, which goes along with my same timings with events.
EW says this should go down to 97 later this summer, LA says this doesn't go down to that point until a little later starting in fall. I'm more inclined to LA because the momentum that's going to drive the dollar higher before the system implodes (140+) requires a prior top out before taking off to it's final ascent.
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The path forward for the dollar
The path forward for the dollar
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Back up and show the whole thing:
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I had the counts wrong on the LA for the dollar:
Two pathways to go, both are up and then down. I feel the lower pathway will represent the FED just cutting rates to stem off a market meltdown. Until then the dollar will go higher forcing the market to overreact in order to provoke interest rate cuts from the FED. This will also save the BOJ and allow the Yen to regain ground so the BOJ can continue to buy US treasuries. (central bank circle-jerk)
The second pathway, higher will either be born of it or will be in reaction to the rising dollar, from either the PBOC or BOJ, who will have to devalue their currency to stay competitive or sell UST's to shore up their imploding currency (respectively), at a time where there experiencing massive inflation (sovereign debt crisis) which'll blow the dollar higher until everything collapses and they have to trot out war (Taiwan) as a distraction.
The question is who'll be president when that happens and will we get CBDC's or a new Gold Standard?
The second pathway, higher will either be born of it or will be in reaction to the rising dollar, from either the PBOC or BOJ, who will have to devalue their currency to stay competitive or sell UST's to shore up their imploding currency (respectively), at a time where there experiencing massive inflation (sovereign debt crisis) which'll blow the dollar higher until everything collapses and they have to trot out war (Taiwan) as a distraction.
The question is who'll be president when that happens and will we get CBDC's or a new Gold Standard?
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Comment:
x.com/TTCSteve/statu.../1805920467284623530
EW showing yellow resistance as B wave
EW showing yellow resistance as B wave
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We'll see x...
x.com/hvandrie/statu.../1660177180524003329
x.com/hvandrie/statu.../1660177180524003329
Nasdaq is gonna have a mean mean-reversal. That'll push up the dollar even more...