Market doesn't smell so bad
Weekly :
Daily :
*3 consecutive SFP's
Double top with lower high
Price is still above EMA 34 and 200 EMA/MA
RSI tightening and coiling
h4 :
*RSI was coiling to break trendout but fell back in.
Price having trouble breaking heavy resistance
Some Yabbering
Price is likely to come down at a minimum to the EMA34 in the 33064 area.
If it doesn't react there, I want to see a reaction at the EMA100 for my thesis to be valid.
If resistance is flipped around 34151, there will be a very strong rally.
While CPI was higher than expected ESMI and retail sales came in better than expected. ES looks good imo.
DXY is breaking a key resistance and likely to go up to 105ish before losing too much steam, but I'm anticipating a rejection there in the golden pocket. Let's see
- Inverse H&S.
Double Bottom.
Successful retest 34 EMA.
Above 200 EMA/MA.
Retested an important support with strong reaction(29373).
Below strong resistance(34151).
3 consecutive SFP's
Daily :
*3 consecutive SFP's
Double top with lower high
Price is still above EMA 34 and 200 EMA/MA
RSI tightening and coiling
h4 :
*RSI was coiling to break trendout but fell back in.
Price having trouble breaking heavy resistance
Some Yabbering
Price is likely to come down at a minimum to the EMA34 in the 33064 area.
If it doesn't react there, I want to see a reaction at the EMA100 for my thesis to be valid.
If resistance is flipped around 34151, there will be a very strong rally.
While CPI was higher than expected ESMI and retail sales came in better than expected. ES looks good imo.
DXY is breaking a key resistance and likely to go up to 105ish before losing too much steam, but I'm anticipating a rejection there in the golden pocket. Let's see
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