RBA met and decided against YCC. Aussie is a tough read. I looked at AUD/JPY, EUR/AUD, AUD/YUAN and I can’t get a good read. At least I can’t get a look that would entice me to do anything. Crypto is … Continue reading
Daily Market Intelligence 10-21-21
Mid-Week Shuffle strikes back. Spoo…4275 needed for a reversal on the 100X3 Looking at Spoo/Bond on a weekly the low is descent. Spoo will need to bottom and rally to 4325 for a tradable low. Nasd is into some initial … Continue reading
Copper & Etherium are today’s standouts. Yes, the Yuan is strong. Spoo/Bond has a potential double top @ the channel line. This is no small thing!! Spoo back below 4211 will trap a lot of new longs. GBP/USD ..is leading … Continue reading
Etherium remains the value trade against Bitcoin. The spread wants to trade its cash opening range. A couple of closes through that level will elect a whole new swing. Platinum /Gold is winding up, showing continued interest in industrial metals. … Continue reading
Corn; obviously a big squeeze going into May deliveries in 2 weeks. July has the most volume and is considered front month trading 33 cents under May (K) ADM is the early mover in the names Don’t kid yourself, May … Continue reading
Copper is trading close to its all time high yearly close. Per room discussion last week, a couple of closes up here will elect a 40% rally. Shanghai sold off last night , however it looks to be a one … Continue reading
Bitcoin just did a Matrix swing overnight and, has so far, honored weekly oscillator support. Etherium held the daily channel Copper…wants to challenge 2011 levels. I have a specific setup that will elect a target for a 40% swing higher. Those … Continue reading
Grains & Etherium are the feature. Bitcoin revisited the Matrix last night and held. Pattern recognition names; DAL, LUV, ENFR, BOTZ, ARKQ, PBJ, NOVA, RUN, GPP, SPWR The above are worthy of a look as all have possible bottoming patterns. … Continue reading
Spoo is in decision mode. Peso needs to hold last night’s low Crypto trapped new bottom fishers from yesterday. See how this plays out.