As a trader of the markets you always have to be prepared for black swan events that can become a fork in the road.
Are we at a fork? I think there is real potential for that to be the case.
If you look at my recent ideas there is a common theme. I'm expecting higher bond yields, a stronger dollar, and weaker gold prices.
What does this mean for stocks... Conventional wisdom would suggest lower stock prices.
This is my take on where prices are headed... This pattern breaks down essentially to a double ZigZag.
Longer term view:
Are we at a fork? I think there is real potential for that to be the case.
If you look at my recent ideas there is a common theme. I'm expecting higher bond yields, a stronger dollar, and weaker gold prices.
What does this mean for stocks... Conventional wisdom would suggest lower stock prices.
This is my take on where prices are headed... This pattern breaks down essentially to a double ZigZag.
Longer term view:
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I'm posting an alternate wave labeling on the NQ... This takes on a decidedly bullish move relative to the above wave count.... Will be updating. Here's is my alternate EW count
