SPX weekly preview with DXY Gold and USOIL on the side

2023년 1월 16일

ok another weekly preview of these particular instruments. We're in an interesting point on all of them as you can see in the video. The SPX bias is up but watch for possible reversal this week as the Weekly RSI is at a resistance point. DXY retesting it's channel boundary again, Gold had a breakout but needs to hold over 1870 to continue, USOIL looks like consolidation before another move down but up to 81 -2 can come first.

2023년 1월 17일

노트

Good morning, so far overnight looks like a triangle continuation - bull pennant. I expect further upside.

2023년 1월 17일

노트

potentially this structure may get retested at higher highs - we'll see.

2023년 1월 17일

노트

they are just chopping up both sides today, triangle still holds.

2023년 1월 18일

노트

Good morning, 50 weekly ma is at 4036, I expect it to be reached today

2023년 1월 18일

노트

USOIL to 18 weekly ma, that's an objective short although it could push up to 83 area.

2023년 1월 18일

노트

Potential support here, it would not surprise me if this fast move down is bought and we get another high. Tomorrow is jobs numbers, so be careful.

2023년 1월 18일

노트

200 ma on daily is close (purple line) I'm sure many will be watching to see if it holds today.

2023년 1월 18일

노트

oil retracing from 82-3 area.