S&P 500 seasonality shows that July is historically a strong month in Presidential cycle year 1
2021-06-30
GOLD
WE HAVE TWO PROBABILITIES TO INTERPRET THE GOLD‘S MOVE FROM THE HIGHEST PEAK AT $2075
THE FIRST ONE ASSUMES THAT , THE MINOR FOURTH WAVE IS UNFOLGING INTO TRIPLE ZIGZAG, GOLD IN LAST WAVE OF TRIPPLE ZIGZAG (Z) AND THE FIRST LEG OF Z WAVE(CIRCLED BLUE) IS COMPLETE OR NEARLY THAT . THEN GOLD WILL BOUNCE BACK TO $1815 OR $1850 THEN ONE MORE PUSH DOWN TO COMPLETE THE FOURTH CORRECTION THAT IS HOVERING AROUND $1600
THE SECOND ONE IS :- THE FOURTH WAVE CORRECTION IS STILL FORMING A GRAND TRIANGLE, SO IN THAT CASE , SIDEWAYS MOVEMENT IS OFTEN DOMINANT BETWEEN $1675AND $1900
MIND YOU, 1675 IS A KEY LEVEL, IF PRICES BREAKDOWN IT , MOST LIKELY THE FIRST SCENARIO IS THE VALID ONE
2021-06-29
FEDERAL RESERVE vs ECB BALANCE SHEETS
The Fed's balance sheet has increased by 2.5% in the past four weeks, to $8.10 trillion, while the ECB's has increased by 1.1%, to EUR7.70 trillion
US 10y YIELDS
US 10y YIELDS HAS FORMED A COMPLEX HEAD AND SHOULDERS TOP INTO A HUGE SYMMETRICAL TRIANGLE
DESPITE PRICE BREACHED THE LOWER TRENDLINE OF THE SYMMETRICAL TRIANGLE , BUT IT WAS A FALSE BREAK, AND PRICE IS STILL TRADING SIDWAYS INTO THE TRIANGLE, BUT IF PRICE BREAKS DOWN THE LOWER TREND LINE OF TRAINGLE , THERE IS A POTENTIAL TO REACH NEARLY 1.1%
2021-06-28
CRYPTO
The crypto collapse could suggest that the correction is not yet over, as it continues to track the 2017/18 market cycle
VALUATION
High quality stocks look cheap relative to the broad market
NDX100
WILL THE NDX100 REACH THE UPPER TRENDLINE OF THE ASCENDING CHANNEL AT NEARLY 15000 OR NOT?
2021-06-26
FINANCIAL ASSTES
This chart highlights the obvious disconnect between Main Street and Wall Street, as the value of US financial assets is now 6.3 times the size of GDP
SILVER
Another chart of monthly Silver with an interesting twist
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