The Proof’s in the Candle.
Today’s rally can be explained by the recession models that are making the rounds. The rally lines up with the historical recession models being an inverse indicator.
Today’s rally can be explained by the recession models that are making the rounds. The rally lines up with the historical recession models being an inverse indicator.
How likely is the U.S. to go into a recession? How is that measured? Here is what price and volume say about the prospect of significantly lower lows.
It looks like the dark pool has been buying IAU. With the large transactions below, daily technical pattern, and trigger that offers a good risk to reward. Here is a potential bullish idea.
It appears that institutions were selling near $250 & the trigger lower just hit.
PPI was a fizzle/dud, speaking clearly to the amount of emphasis being placed on the CPI report tomorrow morning. It is the one thing that matters right now. All about the CPI and nothing else matters. I’ll do my best to help understand what to look for/watch on this report for direction as well as targets on either side, complete with a L.I.S. Line in the sand.
In a choppy and volatile market like ours, nothing is more important than layering risk. Check this video to see how one should look to set themselves up for long-term breakouts.
The market is back to a tie ballgame and sitting at the lows of the year waiting to see if data indicates the target rate heading to 5% or the Fed pivot.
Price without volume is incomplete. Here are two examples to show why being in a trade “alone” does not work and why volume confirmation is our edge.
It’s darkest just before the dawn . . . and also at the end.