Trading into Beijing and a Bounce.
Where does the current risk appetite land prices, and what does this mean to the downtrend?
Where does the current risk appetite land prices, and what does this mean to the downtrend?
CMG saw a decent rally with the rest of the market on Friday, but if its previous patterns are anything like what we’re going through now, we could be getting into some important areas of resistance.
Friday’s rally was nothing to shake a stick at, but does it change the overall theme of the market? I’ve got positions on both sides. Let’s review each and look at a few fresh opportunities for next week.
Powell and a strong Non Farm Payroll kick-started another violent rally and short squeeze. Where has this strength landed in the overall scope on a downtrend and what could Monday’s open tell us?
Where did today’s Powell-triggered rally land the markets … in potential correction trades, that’s where….
Trying to catch a bottom or top isn’t just about price. It’s a 3 dimensional chess board.
History doesn’t repeat itself, but it does rhyme, which is what the bonds are telling us right now.