Education
May 7, 2021
A print under 11745 in USDOLLAR will complete 3 waves down from the 5/3 high and give way to another leg up…at least that’s what I’m thinking. Reminder, NFP is tomorrow!
May 5, 2021
Kiwi has traded in a textbook fashion over the last week or so. Resistance at the channel high…hard break of the center line…center line acting as resistance…and finally the lower channel line holding.
May 4, 2021
DXY turned sharply higher on Friday but gave back a good portion of those gains today. The rally counts in 5 waves (impulsive) which suggests at least one more leg up while price remains above Friday’s high. 90.79 is proposed support if price slips a bit lower.
May 3, 2021
TLT completed a 2 bar monthly volume reversal in April. This is the 3rd bullish monthly signal ever. The first 2 (blue bars) nailed lows in August 2003 and July 2007.