Walk through of the major markets - SPX, OIL, GOLD, US DOLLAR Bonds and BTC basically I think we're in a rally, but the dollar worries me as I think it could rally hard very soon.
I hope it's helpful!
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this is what I was thinking yesterday, let's see if it works. the move down was hard, so I'm not sure, but the rsi is at the low as I thought it should be.
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this is not looking like it's going to rally, and 3900 resistance held. Regardless of rsi I think we could just keep moving down with small rallies here and there. be careful.
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oil reached the 200 weekly, expect a bounce or at least consolidation here.
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hard to tell if a rally will continue - we're still chopping around and still below the downtrend line and both 18ma - daily and weekly. bias still is down but no guarantee the selling continues.
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qqq also reached it's downtrend line today
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with all the choppiness it could be we are just in a deformed triangle, in which case a sell down tomorrow confirms B as a triangle is over.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.