For those who have been following our previous idea (see related posts) you will already know we have been tracking this leg to the upside since 1200. We are finally starting to run out of steam for this initial leg and it is time to start looking for positions on the retrace.
=> Inflation will begin to return in parts of the world later in the year (homemade) ...assuming we can clear risks on the US & China trade front then the stage looks set for a test as low as 1225 before any further meaningful upside ... would expect this to begin happening with an earnings recession towards Q3/Q4 this year.
Good luck to those on the sell side here, we are being aggressive with the trigger in attempt to outsmart the beginning of a very large leg ahead of inflation data next week from the US.
=> Inflation will begin to return in parts of the world later in the year (homemade) ...assuming we can clear risks on the US & China trade front then the stage looks set for a test as low as 1225 before any further meaningful upside ... would expect this to begin happening with an earnings recession towards Q3/Q4 this year.
Good luck to those on the sell side here, we are being aggressive with the trigger in attempt to outsmart the beginning of a very large leg ahead of inflation data next week from the US.
코멘트:
-> Still waiting to get filled here, nothing to really update ahead of the NY open.
주문취소됨:
Seems pointless to keep this pending, will be posting a new idea on gold after Fed minutes tomorrow.
코멘트:
![Signs of homemade inflation a few months away... [take 2]](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
![Signs of homemade inflation a few months away... [take 2]](https://s3.tradingview.com/a/aAapuB65_big.png)
코멘트:
Updated idea on the gold short
