Markets may go up to recent highs. Some stocks may make new highs.The markets may have completed 5 steps down to complete first minor leg down yesterday. The market may not have completed the 5 steps down yesterday and may do so today or tomorrow.It will be followed by a second minor leg up and then much stronger decline making new lows.This gives the Insiders another opportunity to sell near the top.
Here are charts from yesterday:
DJI
SPY
IWM corresponding to RUSSELL 2000
GLD ( ETF corresponding to GOLD):
In the case of GLD, unless we make a new high above 11 days ago, the market is headed lower.
For markets to move lower , US Dollar index should start rising soon. It will not go below 80.5. It is almost near the lows . We do not get volume data on this index
EURO VS Dollar This is also near recent highs and should turn down soon. This is being manipulated both by US and European authorities.
Here are charts from yesterday:
DJI
SPY
In the case of GLD, unless we make a new high above 11 days ago, the market is headed lower.
EURO VS Dollar This is also near recent highs and should turn down soon. This is being manipulated both by US and European authorities.
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