Stay updated with key news & events in finance and crypto! ๐งต๐
---
๐ฐ **News/Sentiment:**
- FED tracking econ data for rate cuts ๐
- Neutral stance, less dovish than expected ๐๏ธ
- Eyes on Sept Jobs, ISM Manufacturing, Jobless Claims ๐
- Investors expect continued rate lowering ๐ธ
- Goldman: Stocks pricier on ROE premium ๐
- BofA forecasts a soft landing ๐ค๏ธ
---
๐ **Events This Week:**
**Monday:**
- ๐ฌ๐ง UK: GP
- ๐ฉ๐ช GER: CPI
- ๐บ๐ธ US: Powell Speaks ๐๏ธ
**Tuesday:**
- ๐ช๐บ EUR: Core CPI, CPI
- ๐บ๐ธ US: PMI, Fed GDP Now, Job Openings
- ๐ Earnings: NKE ๐
**Wednesday:**
- ๐ช๐บ EUR: Unemployment ๐
**Thursday:**
- ๐บ๐ธ US: Jobless Claims
- ๐จ๐ณ CNY: CPI ๐จ๐ณ
**Friday:**
- ๐บ๐ธ US: Labor Participation, Nonfarm Payroll, Unemployment Rate ๐
---
โ๏ธ **Risk Appetite:**
- Truflation: 1.5% ๐
- Market Fear/Greed: 75 ๐ค Extreme Greed
- Market Breadth: Extreme Greed ๐
- Put/Call: Extreme Greed
- Junk Bond vs. Investment Grade: Fear โ ๏ธ
- AAII Sentiment: 3% off 1yr bullish ๐
- Crypto Fear/Greed: 50 Neutral ๐ช
- High Yield Bond Premium: 3.68% ๐บ
- High Yield Effective Yield: 7.8% ๐บ
---
๐ **Market Breadth:**
- % of $SPX > 200D MA: 62% โ๏ธ
- % of $SPX > 50D MA: 65% โ๏ธ
- % of $SPX > 20D MA: 68% โ๏ธ
- NASDAQ New Highs - Lows: 57
- SPY 52W Highs - Lows: -44
- SPY New H/L: Monthly 147; Weekly 19 ๐
---
๐ **Other:**
- Fed Rate Monitor: 30% chance of 50bps, 70% chance of 25bps ๐๐ฎ
---
Stay informed and make savvy moves this week! ๐ฐ๐ #Finance #crypto #MarketUpdate
---
$BTC $SOL $ETH $WIF
Markets just took a turn ๐
What happened and where are we going?
Bull over? ๐
Heres what you need to know: ๐
๐จMarket Breadth is flashing warning signs, with MMMTH, MMMFI, and MMMTW indicators suggesting a potential rotation out of risk. When combined with other indicators such as market fear/greed being neutral, AAII sentiment being 2% off its 1 year bullish high, its likely we will see a rotation out of risk such as crypto - paving a short opportunity for risky assets in crypto (political tokens, meme tokens etc)
https://www.tradingview.co.../
๐ #DXY retest of trend line on broad market pullbacks/weakness. Bearish continuation expected until EOY. Short term upside, longer term downside. 96 on DXY still on the table.
https://www.tradingview.co.../
๐ #SPY breadth is peaking on the 200, 50, and 20 D (see market breadth above)
When the market is running low on breadth, there will be some rotation or correction. Selling expensive stocks for cheaper ones (most likely cyclical's) will cause some selling pressure on the bigger names like NVDA, AAPL etc. Expect sidways choppiness for the majority of the market.
Ichimoku still indicating bullish continuation. Q4 will be good. Target at 6000 remains.
https://www.tradingview.co.../
โฝ๏ธ #USOIL staring its trend toward $61 oil as expected. It would have to be an alarming geopolitical situation to turn the course of OIL back up
https://www.tradingview.co.../
โ ๏ธ #btc bulls be very cautious here!
Bear case:
1. SPY breadth running out of steem
2. SPY seasonal weakness in September
3. BTC is below 20 W EMA, 50/200 D MA bearish cross
4. BTC Weekly close below the ichimoku cloud.
Still possible for a 70k retest at trendline, but Bear case outweighs the bull base
https://www.tradingview.co.../
๐ #eth still lagging behind. Alts in general will enjoy a beating as BTC chops/declines.
2k retest is on the horizon.
https://www.tradingview.co.../
Weekly Outlook Sep 2-6 (Breadth Indicators) for INDEX:MMTH by SolenyaResearch โ TradingView
In the top chart we have INDEX:MMTH which shows how many stocks are above their 200 D MA expressed as a percentage. When 70% or more of stocks are above their 200 D MA, it can be seen as over exuberance which can lead to a short term decline as investors take profits on riskier stocks to rotate in l..
https://www.tradingview.com/chart/MMTH/pJU7vnfN-Weekly-Outlook-Sep-2-6-Breadth-Indicators/Market News & Sentiment ๐ฐ
- BCA research warns of AI sector slowdown impacting stock market more than economy ๐ค- Labor market weakness expected to continue ๐ผ
- Fed blackout period begins after September 6 ๐ฃ๏ธ
- Market anticipating 25bps rate cut in September ๐
- Analysts forecast 2 more ECB rate cuts by year-end ๐
Events This Week ๐
- Monday:
๐ฌ๐ง UK Manufacturing PMI ๐
- Tuesday:
๐บ๐ธ US Manufacturing PMI, Fed GDP Now ๐
- Wednesday:
๐ช๐บ EU Composite PMI, Services PMI ๐
๐จ๐ฆ CAD Interest Rate Decision ๐
๐บ๐ธ US Job Openings, Beige Book ๐
Earnings: Dollar Tree ๐
- Thursday:
๐บ๐ธ US Jobless Claims, Fed Balance Sheet ๐
- Friday:
๐ช๐บ EU GDP ๐
๐บ๐ธ US Payroll Data, Participation Rate, Unemployment ๐
Earnings: Kroger ๐
Risk Appetite ๐ค
- Truflation: 1.55% ๐ฅ
- Market Fear/Greed Index: 63 (neutral) ๐
- Market Breadth: Extreme Greed ๐
- Put/Call Ratio: Neutral ๐
- Junk Bond vs Investment Grade: Fear ๐ฌ
- AAII Sentiment: 2% off 1-year bullish high ๐
- Crypto Fear/Greed Index: 28 (Fear) ๐จ
- High Yield Bond Premium: 3.15% (slight decrease) โฌ๏ธ
- High Yield Effective Yield: 7.8% (slight increase) โฌ๏ธ
Market Breadth ๐
- SPX stocks above 200D MA: 62% (increase from last week) ๐
- SPX stocks above 50D MA: 66% (increase from last week) ๐
- SPX stocks above 20D MA: 79% (substantial increase from last week) ๐
- NASDAQ new highs - new lows: 61 ๐
- SPY 52-week highs - 52-week lows: -7 ๐
- SPY New highs - New lows: Monthly 114, Weekly 93 ๐
Other ๐
- Fed Rate Monitor Tool: 70% probability of 25bps, 30% probability of 50bps ๐
We're expecting some exciting market movements this week. Here's what you need to know:
#DXY is still falling as forecasted, but a bullish divergence is forming on daily charts. Consolidation above 100 levels is possible. https://www.tradingview.co... ๐
#SPY pricing in Fed cuts, consolidation expected until Friday's PCE numbers. Trend still bullish, but uncertainty around Fed's move. https://www.tradingview.co.../ ๐
#USOIL breakout possible from ascending triangle, but depends on geopolitical tensions. If there's no escalation, $67 oil still on the table. [Weekly outlook chart for USOIL: https://www.tradingview.co.../ ๐ก
#btc traders should exercise caution due to mixed technical and an unfavorable Risk/Reward ratio. It's best to wait for a breakout above $70k . Consolidation may last for months, so patience is key.
https://www.tradingview.co.../๐
#eth is looking more bearish, struggling to break resistance. If $BTC is rejected from $70k again, expect $ETH to test $2k or lower.
https://www.tradingview.co... ๐จ
Market focused on labor market data and Fed rate cuts ๐
News/Sentiment: ๐
โข Uncertainty over 25 bps or 50 bps cut
โข High focus on labor market (PCE data on Friday)
โข Fed funds futures market is pricing in 100 BPS of cuts by EOY
โข Market anticipating lower than usual expectation for NVDA earnings
Events This Week: ๐
Mon:
โข ๐บ๐ธUS: Durable Goods, Fed GDPNow
Tue:
โข ๐ฉ๐ชGER: GDP
โข ๐บ๐ธUS: CB Consumer confidence, 2 year note auction
Wed:
โข ๐บ๐ธUS: 5 year note auction
โข ๐ธ Earnings: NVDA
Thu:
โข ๐บ๐ธUS: Jobless claims, GDP
โข ๐จ๐ณCNY: CPI
โข ๐ธ Earnings: DG, ULTA, CPB, LULU
Fri:
โข ๐ช๐บEUR: CPI
โข ๐บ๐ธUS: PCE, Core PCE
Risk Appetite: ๐ฌ
โข Truflation: 1.47%
โข Market fear/greed = 54
โข Market breadth = extreme greed
โข Put/call = greed
โข Junk bond vs investment grade = extreme fear
โข AAII sentiment: 1% off 1 year bullish high
โข Crypto fear/greed = 55 greed
โข High yield bond premium = 3.21%
โข High yield effective yield = 7% (slight decrease)
Market Breadth: ๐
โข Percentage of $SPX stocks above 200D MA: = 61% (increase from last week)
โข Percentage of $SPX stocks above 50D MA: = 67% (increase from last week)
โข Percentage of $SPX stocks above 20D MA: = 77% (increase from last week)
โข NASDAQ new highs - new lows = 114
โข SPY 52 week highs - 52 week lows = 28
โข SPY New highs - New lows = Monthly 98 ; Weekly 59
Other: ๐
โข Fed rate monitor tool = 30% chance of 50 BPS cut, 70% chance of 25 BPS cut
#DXY still grinding lower. Nothing much has changed since last week. Global PMI data and subsequent labor market data in UK, France, Germany, USA will have an impact on fed cut expectations and by proxy risk assets including the dollar.
The Annual Jackson Hole meeting is this week as well. Surely there will be some volatility. My best guess is Powell restating the fact that the fight against inflation is almost over and focus on labor market data will be prioritized going forward to initiate the 'soft landing'
https://www.tradingview.co.../
Within 2 weeks since the yen unwinding, we are just a couple percentage points off the highs. The vast volatility has me a bit suspicious. Since we are back above the cloud, confirms bullish continuation, however I suspect this week we might range around 5600 on #SPY due to heavy news flow this week.
https://www.tradingview.co.../
Seems like USOIL is closely following DXY most likely due to concerns of global economic growth.
https://www.tradingview.co.../
#btc still lagging risk assets in tradfi markets. Not bullish again until daily closes above the cloud. Still ranging. Not particularly interested here
https://www.tradingview.co.../
#eth is still struggling to pass resistance. Must be patient
https://www.tradingview.co.../
TUFonyWZ4Tza5MzgDj6g2u5rfdGoRVYG7g
Market focused on Jackson Hole retreat on Friday for clues on rate cuts
News/Sentiment: ๐
โข Market focused on Jackson Hole retreat on Friday for clues on rate cuts
โข Global PMI data release on Thursday hints at global economic health
โข Citi expects 25bps in September and 25bps in November
โข Fed minutes from July FOMC to be released on Wednesday
โข Labor market data is higher priority than inflation data to determine Fed rate cuts
Events This Week: ๐
Mon:
โข ๐ช๐บEUR: CPI, German PPI
โข ๐ธ Earnings: Palo Alto ($PANW), Estee Lauder ($EL)
Tue:
โข ๐จ๐ฆCAD: CPI
โข ๐ฏ๐ตJPY: Exports, trade balance
โข ๐ธ Earnings: Lowes $LOW
Wed:
โข ๐บ๐ธUS: Fed minutes FOMC, 20-year bond auction
โข ๐ธ Earnings: Tj Maxx $TJX , Target $TGT
Thu:
โข Global PMI data
โข ๐ซ๐ทFR: Manufacturing/services PMI
โข ๐ฉ๐ชGER: Manufacturing/services PMI
โข ๐ธ Earnings: Dollar Tree $DLTR
Fri:
โข ๐บ๐ธUS: Powell speaks at Jackson Hole at 10am ET, Housing data
Risk Appetite: ๐ฌ
โข Truflation: 1.42%
โข Market fear/greed = 40
โข Market breadth = neutral
โข Put/call = greed
โข Junk bond vs investment grade = extreme fear RiskAppetite
โข AAII sentiment: 5% above historical bullish average
โข Crypto fear/greed = 28 fear
โข High yield bond premium = 3.29% (large decrease)
โข High yield effective yield = 7.15% (large decrease)
Market Breadth: ๐
โข Percentage of $SPX stocks above 200D MA: = 58% (increase from last week)
โข Percentage of $SPX stocks above 50D MA: = 57% (increase from last week)
โข Percentage of $SPX stocks above 20D MA: = 50% (substantial increase from last week)
โข NASDAQ new highs - new lows = 38
โข SPY 52 week highs - 52 week lows =-80
โข SPY New highs - New lows = Monthly 68 ; Weekly 19
Other: ๐
โข Fed rate monitor tool = 77% probability of 25 bps cut, 23% of 50 BPS cut
#DXY hasnt moved much and is still in a corrective phase before more downside (likely if softening economic data continues).
Target of 97 remains
#SPY is still showing signs of a corrective phase - which is not a bad thing. We had a retest of 200 D MA last week. But a continuation of the correction can bring us to 4800. Labor market and CPI data will play a big factor on whether 200 D MA is broken or not.
https://www.tradingview.co.../
#USOIL still bearish and in a long corrective phase. Weakening labor market data paired with production cuts will continue to lower oil demand globally. Targets remain the same at $61
https://www.tradingview.co.../
Is #btc out of the woodwork yet? Not quite
Last week I posted my macro view on BTC. Lots of data showed evidence of a strong Q4 for BTC. However, we are still only mid Q3. Its quite early and seasonally speaking, there is usually rotation from large caps into smaller caps in August before an abrupt sell off in September. With lots of uncertainty looming about FED rates, elections etc. I think its too soon to suggest we go up only from here on BTC.
On shorter time frames, the corrective phase we entered in spring should be coming to a close. However, is 50k the end of the 'C' wave impulse? Could be anyone's guess. Preferably,I'd like to see bullish divergence before we march higher
https://www.tradingview.co.../
#eth chart looks quite awful. I'd avoid until we have weekly closes back above resistance.
https://www.tradingview.co.../
Weekly Outlook SPY Aug12-19 for OANDA:SPX500USD by SolenyaResearch โ TradingView
SPY is still showing signs of a corrective phase - which is not a bad thing. We had a retest of 200 D MA last week. But a continuation of the correction can bring us to 4800. Labor market and CPI data will play a big factor on whether 200 D MA is broken or not.
https://www.tradingview.com/chart/SPX500USD/kZFDOGmc-Weekly-Outlook-SPY-Aug12-19/News/Sentiment:
- Market caution towards jobless claims, retail sales, CPI etc.
- Expectation of continuation of disinflation on CPI on Wednesday but more emphasis on labor market data instead of inflationary data
- Broad concerns over FEDs delayed rate cuts ๐ค
- Markets closely watching Walmart, and HomeDepot earnings reports
- Evercore base case 6000 SPY EOY ๐
๐ Events This week:
- Tue:
- ๐ฌ๐งUK: Unemployment
- ๐บ๐ธUS: PPI,
- ๐ช๐บEUR: Unemployment Rate
- Earnings: Home Depot
- Wed:
- ๐ฌ๐งUK: CPI, PPI
- ๐ช๐บEU: GDP
- ๐บ๐ธUS: CPI
- ๐จ๐ณCNY: Unemployment, Industrial production
- Thu:
- ๐ฌ๐งUK: GDP
- ๐บ๐ธUS: Jobless claims, Retail sales, Philly Fed employment, industrial production, inventories
- ๐จ๐ณCNY: CPI
- Earnings: Walmart, Deer&Company
๐ฌ Risk Appetite:
โข Truflation: 1.5%
โข Market fear/greed = 24 Extreme Fear
โข Market breadth = extreme fear
โข Put/call = extreme fear
โข Junk bond vs investment grade = extreme fear
โข AAII sentiment: 3% off 1 year bullish average
โข Crypto fear/greed = 25 extreme fear
โข High yield bond premium = 3.49% (large decrease)
โข High yield effective yield = 7.39% (large decrease)
Market Breadth:
โข Percentage of $SPX stocks above 200D MA: = 50% (Decrease from last week)
โข Percentage of $SPX stocks above 50D MA: = 42% (Decrease from last week)
โข Percentage of $SPX stocks above 20D MA: = 25% (decrease from last week)
- NASDAQ new highs - new lows = -46
- SPY 52 week highs - 52 week lows = -67
- SPY New highs - New lows = Monthly 51 ; Weekly 6
Other:
Fed rate monitor tool = 52% probability of 25bps cut, 48% for 50bps cut
#btc on the weekly doesnt look great. We closed lower than the 20 W EMA on the weekly which has consistently signaled the end of bear markets post halving (may 2021 being an exception). However, this is a weak argument imo and I think this cycle more closely resembles last cycle where we had the exception in May 2021 because there is more evidence that this cycle is not yet done.
https://www.tradingview.co.../
Based on cyclical data, where btc is this cycle indicates 2025 to be a key year as the year after halving is usually the best year.
Image below shows historical dates of mid cycle top/bottoms, and cycle tops/bottoms with dates of halving as well. We were at the mid-cycle top earlier this spring - represented by the purple dot in Cycle 4. If historical data suggests any clues on market cycle top, Q4 2025 would be the date.
Furthermore, the average days from previous cycle tops to current cycle tops are 1268 days. A conservative estimate would be a top in Q2 2025, with the possibility of an extension into Q4 2025 if this cycle follows more closely to the last 2 cycles which had 1450 days between cycle tops. More data suggests Q4 2025 cycle top as the last 2 cycles took 1060 days from cycle bottom to cycle peak.
https://www.tradingview.co.../
Some more data that confirms my biases:
- Average Number of days btc spent above 20 W EMA (last 2 cycles) = 802 days
- This cycle so far = 413 Days
- Number of days btc spent above 200 D MA (last 2 cycles) = 787 days
- This cycle so far = 462 Days.
To sum things up: the data suggests we still have about a year of bull market activity lined up. I'd say Q2 2025 cycle top is conservative given the macro environment. The Sahm Rule and other leading indicators of recession has me worried about the 2nd half of 2025. Economic data is almost always lagging and whether we are in a recession today or not, we will not know until 2 quarters from now. That being said, if Sahm Rule holds true and we enter recession in Q4, we won't know until at least Q2.
#DXY Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
Weekly: https://www.tradingview.co.../
Daily: Solid rejection off 106/107 level instills confidence of further downside to target.
https://www.tradingview.co.../
๐ฏTarget at 97 remains.
Doesnt lower DXY mean gains for risk assets like crypto? Not quite..
Where I was wrong about DXY and why: Historically speaking, DXY strength correlates well with economic activity. A strong dollar is good for markets because it signals we are headed in the right direction. Economy > earnings > stock prices. However, more recently as we've seen in 2022 and 2023, a stronger dollar had a negative affect on equities - mainly risk assets such as cryptos. This was because of deleveraging of global liquidity in the form of quantitative tightening. Interest rates were climbing at a record pace to stop inflation, while making the risk free rate (bond yields) more rewarding than most high growth companies. Growing a company became much more difficult when compared to low rate environments. Good news was bad news for the market.
The market reaction of recent economic data indicates a possible turning point for bad news being bad for the market. So even though , DXY is still on track to its forecast from months prior, risk assets may not perform as expected. We must look at other factors outside of DXY strength - as I normally do - to gauge whether upside on cryptos are worth while...
Yield Curve Inversions:
For the first time since June 2022, the yield curve has hit 0%. After spending a record time inverted, there are signs the yield curve is finally re-inverting back to normal. The re-inversion usually causes the most damage to markets as a recession hits, and growth stagnates.
#US10Y
Below shows the yield curve vs the S&P 500.
https://www.tradingview.co.../
Since 1990, there has been a 4/4 probability of market declines and recession proceeding the re-inversion.
For data not shown on Tradingview, there were 2 outliers in 1980 and 1982 where the market nearly bottomed as it re-inverted (https://fred.stlouisfed.or...)
However, the last two re-inversions still had the market increase for the proceeding 24 weeks (5-6 months). This is very important information. If this cycle plays out like the last 2, the markets might still crawl higher until Jan 2025.
#US10Y
Below shows the yield curve vs gold.
https://www.tradingview.co.../
๐ฏTarget for 3000
As the yield curve re-inverts, it presents an opportunity for safe haven assets like gold to outperform. The only outlier was 1980 and 1982 when gold had already increased 800% in the few years prior due to Fed Volcker's era of runaway inflation.
Evidenced by the inverted yield curve's track record of predicting recessions, the Sahm Rule was also triggered on Friday's unemployment data. Since 1950, the Sahm Rule was able to predict a recession 10/11 times (91% chance). Every time it did predict a recession, it did so within 4 months.
Coincidentally, This time frame fits quite nicely with the 24 weeks of upside proceeding the re-inversion before the start of a bear market
DXY Weekly Down for TVC:DXY by SolenyaResearch โ TradingView
Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
https://www.tradingview.com/chart/DXY/LDxbqwgW-DXY-Weekly-Down/Fears of global recession, US markets slip over weakening economic data ๐ #GlobalRecession #USMarkets
๐ฌ News/Sentiment:
โข Fears of global recession
โข US markets slip over weakening economic data
โข Pessimism over Middle east tensions
โข Rumors of Jump Trading shutting down crypto operations
โข 78% probability of 50bps cut in September ๐
โข BofA believe employment numbers are over exaggerated
โข Sahm rule triggered; 10/11 chance of recession in 4 months ๐
โข Poor earnings, negative revisions and general pessimist outlook for earning season
โข Harris' recent success in polls having negative impact on cryptos
โข Yen-dollar carry trades unwinding, negatively affecting global markets ๐ #YenDollar #CarryTrades
๐ Events This Week (cont.):
โขTue: AUD: Interest rate decision and monetary policy statement, US: Fed GDP now #AUDRate #FedeGDP
โขWed: US: Consumer Credit report
โขThu: India: Interest rate Decision, US: Jobless claims, Fed Balance Sheet #ConsumerCredit #IndiaRate
๐ฌ Risk Appetite:
โข AAII sentiment: 7% off 1 year bullish high (as of last week)
โข Market fear/greed = 19
โข Market breadth = fear
โข Put/call = extreme fear
โข Junk bond vs investment grade = extreme fear
โข Crypto fear/greed = 26
โขHigh yield bond prem. = 3.72%
๐ Market Breadth:
โข Percentage of $SPX stocks above 200D MA: = 55% (Decrease from last week)
โข Percentage of $SPX stocks above 50D MA: = 49% (Decrease from last week)
โข Percentage of $SPX stocks above 20D MA: = 30% (decrease from last week)
โข NASDAQ new highs - new lows = -90
โข SPY 52 week highs - 52 week lows =-291
โข SPY New highs - New lows = Monthly 44 ; Weekly 4
Fed rate monitor tool = 95% probability of 25bps cut next meeting, 78% chance of 50bps (September 18th)
Metas are all over the place, market lacking creativity
Don't need creativity to print tho
Cat meta comeback $yogi -> hit $1 .4m, "Yogi Cat" $kichi -> hit $1 .1m, CTO, good community $jumpi -> hit $615k , "Jumping Dog" $snipi -> hit $500k , "Sniper Cat" $nochi -> hit $395k
Speculation on WakaFlocka's upcoming coin $flocka -> hit $1 .2m $squad -> hit $950k
- Waka Flocka has not yet confirmed his coin's CA
Andrew Tate meta $mcga -> hit $7 .8m, make crypto great again.
Back to business tomorrow
Are you in the right circle?
News/Sentiment:
- Industrial output in china lagged expectations in May, june rate cut likely to ease property market slump ๐
- Chinese wealth rush offshore for better investment opportunities in Hong Kong and Macau (3 B inflows in April) ๐ธ
- KashKari Fed President expects a rate cut once, potentially in December. Emphasis on inflation and economic data ๐
Likely get a nice bounce prior to June 21st
$GME https://www.tradingview.co.../
$GMEonSOL
https://www.tradingview.co.../
$KITTY
https://www.tradingview.co.../
Most bullish on $GMEonSOL because it has the largest community, did $550m 24 hr volume on livestream day and good token distribution
$DXY strong rally off employment data, but revisions & FED rate cut decisions may impact. Resistance at 105-106; a close above invalidates my forecast. Central banks easing policies could push $DXY down. ๐ฒ
https://www.tradingview.co.../
๐ $SPY facing daily bearish divergence, but no fundamental changes for trend reversal. 5600 target remains. ๐
https://www.tradingview.co.../
๐ข $USOIL strong rally, but downside potential remains. ๐ก
https://www.tradingview.co.../
Likely get a nice bounce prior to June 21st
$GME https://www.tradingview.co.../
$GMEonSOL
https://www.tradingview.co.../
$KITTY
https://www.tradingview.co.../
Most bullish on $GMEonSOL because it has the largest community, did $550m 24 hr volume on livestream day and good token distribution
๐จLarge amount of economic data this week. Expect volatility.๐จ
News/Sentiment:
- Market is looking forward to CPI, PPI and FOMC๐
- high importance on FOMC on Wednesday and the post meeting statement๐
- Goldman Sachs are anticipating the first rate cut in September๐ฐ
- Markets anticipating a drop in UK jobs leading to BoE starting its rate cutting cycle๐
- Asia markets cautioned over BoJ reducing QE๐ผ
$DXY strong rally off employment data, but revisions & FED rate cut decisions may impact. Resistance at 105-106; a close above invalidates my forecast. Central banks easing policies could push $DXY down. ๐ฒ
https://www.tradingview.co.../
๐ $SPY facing daily bearish divergence, but no fundamental changes for trend reversal. 5600 target remains. ๐
https://www.tradingview.co.../
๐ข $USOIL strong rally, but downside potential remains. ๐ก
https://www.tradingview.co.../
$SEI on the verge of a breakout after half a year of consolidation. The longer the base, the higher in Space! ๐๐
First target: $1 .40 ๐ฏ
Second target: $1 .75 ๐ฏ
TradingView link: https://www.tradingview.co.../
BINANCE:SEIUSDT Chart Image by SolenyaResearch โ TradingView
https://www.tradingview.com/x/Xa44kvNM/