Wednesday notes - SPX Wheat Gold DXY DAX Bonds etc.

28 thg 9, 2022

Some pre market commentary, SPX - expecting a bear trap after open, then higher. Wheat may be affected by the hurricane in Florida, Bonds hit an important fib extension, Gold looks promising if it can get over 1675 resistance, DXY also looks like it may pullback - BTC could still move to lower 18000 area before a move up (would align with one more low in equities) but it doesn't have to go down that far. Dax has broken monthly trendline, expect a retest over the coming weeks.

I forgot oil - looks good for a strong bounce here, pullbacks are likely bought.

OK good luck!

28 thg 9, 2022

Ghi chú

there's another structure on SPX to watch-

28 thg 9, 2022

Ghi chú

test of trendline.

28 thg 9, 2022

Ghi chú

Looks like it's game on for bulls

28 thg 9, 2022

Ghi chú

short term target should be the previous trendline

28 thg 9, 2022

Ghi chú

SPX target 1st area reached