The Jackson hole play - SPX500 USOIL TLT Weat GOLD BTC
Jackson hole this week may be interpreted as dovish - a sell down today may set up a C leg tomorrow for Powell's speech. Breaking below 4100 and we've got a better short signal on the market. Oil continues it's struggle with 95, no decision yet. Bonds need to reverse soon. Weat looking good but no breakout confirmed just yet. GOld, looking better and could get up to 1850. BTC getting close to 22k resistance again. Good luck
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Trendline to watch for day trading. A break below and retest is a short opp.
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What time does Jerome Powell speak?
10 a.m. EDTt
Powell is set to deliver his highly anticipated speech on Friday,at 10 a.m. EDT
10 a.m. EDTt
Powell is set to deliver his highly anticipated speech on Friday,at 10 a.m. EDT
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Choppy day, could be wrong but I still expect B down into EOD
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oil losing 95 so far
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Bonds up baby!
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Market isn't really coming down and it looks like consolidation instead. If that is the case, probably overnight they will rally. If they can break the trendline, likely hard sell into tomorrow. Right now looks like it's just waiting for Powell.
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another potentiality is that we have abc down into tomorrow morning. If so, I would think Powell's speech would be near the lows and then willl be bullish for markets.
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market still holding trend, the higher it goes the more chance it will fall with powell's speech
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head and shoulders formation may be possible. Either way there's nothing to do until the diagonal and horizontal supports are taken out. I doubt they are going gto give up 4100 easily.
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head and shoulders idea from this post
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that's a buy, see my latest posts as well.
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2nd target reached, bulls need to start buying here
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trendline break, they need to get it over 4140 by EOD for it to look like a bear trap. Under 4100 would be a strong case for bears to sell all rips.
