Stocks (and BTC, GOLD update)

13 apr 2023

Stocks have rejected bottom of the channel which means yields should head down, giving more upside to BTC and GOLD. That being said, there is news this week (Friday) that could sway sentiment. If stocks dip, well...you know. Also, I don't know why I finally decided to post charts this week randomly but, if you don't see some that's because... I don't usually post charts.

13 apr 2023

Nota

Please use this chart in conjunction with the gold and btc charts this week, to understand the full picture.

13 apr 2023

Nota

Everything went as predicted. Gold broke above channel and is now retesting. Holding that line will confirm a stronger (new) bullish channel. Falling back into previous channel would mean more retrace, but mean line is more likely than previous channel bottom.

13 apr 2023

Nota

22 apr 2023

Nota

Gold could not hold momentum, confirming the overbought status. It still has not made a higher high. See gold chart for more info.