Wild Monday ahead
S&P 500 stabilized for three hours after China tariffs response, was boosted by very good NFPs data, but then sellers took over right off the opening bell – volatile selling with several intraday rips characterized the session, and not even Powell speech helped equities to break the (increasingly panicky / liquidation selling) downtrend on the hourly chart. The key volatility metrics had been gyrating wildly through the day – first creating an impression of (local) bottom being in, then closing at daily highs – VIX at 45 is something to behold.
Market breadth and sentiment had been also painting very risk-off picture, and weekly chart shows a crucial point of interest almost reached. Is this the capitulation bottom, or those who had been calling for correction will wake up to a bear market?
Diving into USD, sentiment, breadth, sectors and of course gold, silver, oil, copper and BTC prospects, this is what your extensive Sat video is all about. USD stabilization crucial role ahead, I can‘t stress enough.
Make sure to review the thorough analysis and predictions across the board – feat. S&P 500 capitulation opinion, gold‘s next target or BTC direction in light of its resilience. Select charts are featured below, a few out of the dozens discussed. Detailed analysis and prognosis is available to clients below, so make sure to keep up to date on my best work.
Author
Monica Kingsley
Monicakingsley
Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.
