short term, cup handle sp....longer term, very nosebleedish, fed pairing back a balance sheet = no one to buy the market=down, whenever that starts in earnest...
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fehro wrote:DXY mind the 'head fake" … DXY nears election spike lows 95.89…. "feel" this one very giant head fake .. mind gold.. should we bounce near here
bouncy bounce almost all down move reversed… mind 20d DXY.. trying to hammer above it.. 97.12
reversal usually happens after the breakdown, so key time now.
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rebound right after breakdown as usual. now it's anybody's guess. cannot say the rebound appears weak as I see too many cases the rebound gets stronger and stronger. in short, nowadays bears are mostly 1 legged.
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