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#copper testing ๐ค ๐ that was support turned resistance. Unless it closes above 4.37 by EoMay, this is a good spot to place your shorts.
#beflexible
#copper testing ๐ค ๐ that was support turned resistance. Unless it closes above 4.37 by EoMay, this is a good spot to place your shorts.
#beflexible
Recent #copper move is another telling sign where we're heading with inflation.
It dropped below ๐ ๐ but now trying to close above it. I won't expect much further volatility this week, but if it closes above 4.40, that'd be wery ๐ sign for short swing trade till $4.75.
#us30y 30y #bond#yield has been making higher high while stock was making lower high, now 2.9% is cooked in. We should watch for price action right there.
If nothing major unexpected comes up then prolly going to go further down.
But (there's always but)!
Here we have #us30y 30y bond yield, that's reversing at major top & returning to 20daily ema ๐ support (bubbled line).
We think % to bounce between these 2 support and resistance, until one of them prevails. Million $ โ is which on it is?
#gold good stuff, just don't get hammered too much between 1855-1860. If holds that line and consolidates around it then 1900 is next short term target.
This is the 4th worst start to a year in history for the S&P 500, down 18.2% in the first 97 trading days.
The only years with a worse start...
1932 (Great Depression)
1940 (World War II)
1970 (Vietnam War, US Recession)