Here’s what I see…… The Dollar is rolling over !!!
Im not sure whether to jump up and down or just shut up and wait…..The second being of course the more prudent of the two as we’re only talking two days here……BUT,……. A couple of things that Im seeing that have been COMPLETELY absent on up days over the last eight weeks that we see in powerful rallies or selloffs, and those are,… “stair stepping “ at the opening, ……and then trading in “waves” that reflect a trend in motion in a specific direction ( in this case to the upside), that is only oscillating to the downside to take a breather before resuming its upward trend, and additionally that the waves are clearly visible as steady, strong and consistent during the day or any given time frame your looking at.
Granted my iillustrations are of ultrashort time frames,….. but in any case,…. regardless of what timeframe you might be using ( keeping timeframe in mind) the same principles apply . Youll see these exact same principles have been occuring in the recent downtrend on a consistent basis,…. just in reverse…..
So…..THIS IS NEW……. as we havent seen this kind of “ behavior” on the upward moves in a VERY long time. Draw your own conclusions……🤓📈
Ironically, because of a glut in Texas because of excess production,…..and remember, Freeport LNG Terminal is still ofline which is where that would normally go,………. Nat Gas traded at prices ZERO! Of course this is an anomally that will be rectified in reasonably short order, but the market is going berserk despite this anomally……wierd!!!
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