weekly preview - SPX, bonds, gold, usoil, nat gas, btc

4 Jun 2023

All in the video. I think we're getting close to at least a pullback. In my pinion there's no breakout just yet - we're in an area which should be a heavy resistance zone, but higher into 4300 is possible.

I forgot to mention -

The Treasury needs to raise cash which should affect liquidity and especially - the tech stocks. I don't see a lot of talk about it at the moment because the market keeps going higher, but if we experience a correction I expect you will hear more about it.

bnnbloomberg.ca/trillion-dollar-treasury-vacuum-is-coming-for-wall-street-rally-1.1928303

Good luck!

5 Jun 2023

Catatan

good morning, 30 minute rsi is hinting at another high today

5 Jun 2023

Catatan

ok we got another high, but one more to close the day wouldn't surprise me.

5 Jun 2023

Catatan

hourly rsi already oversold on futures, I expect at least an attempt at the high, or one more high. Probably overnight.

5 Jun 2023

Catatan

qqq - i think this is probably right

6 Jun 2023

Catatan

good morning, we likely have a down day or two from here, but with the rsi on smaller time frames already very low on futures, I expect another leg higher again to complete the series. 4220 area should be support.

6 Jun 2023

Catatan

if we sell off into thursday, Jobless claims are 830 that day. If the market is oversold by then, I expect the numbers will pump the market one more time into 4300+. us.econoday.com/byweek.asp

6 Jun 2023

Catatan

probably a bull trap in the morning, a bounce looks necessary

6 Jun 2023

Catatan

rsi is now reset, I expect a pullback into tomorrow.

6 Jun 2023

Catatan

it's not coming down in a C wave, probably a triangle until Thursday and then pop up.