https://www.youtube.com/watch?v=-uvuZfSkzOQ&ab_channel=AmegaFinance The SPX remains in consolidation ahead of the CPI release on Thursday, but it's biased up. Having closed 0.80% higher on the day yesterday, sentiment could improve. However, an intraday drop would
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And the EU crisis continues… The ECB signaled rate hikes to everyone's surprise last week, citing inflation from higher energy costs. If the energy crisis escalates on the back of increasing tensions between
https://www.youtube.com/watch?v=uT2b_SExm_Y&ab_channel=AmegaFinance EURO soared an incredible ~2% against DOLLAR since yesterday. Following a hawkish shift from the #CB, price action has reversed course and made a flat pattern the main scenario in primary wave
https://www.youtube.com/watch?v=DuUq1OiH9-c&ab_channel=AmegaFinance EURO soaring 1.30% against the DOLLAR since the local low of $1.1122 brings several variations on the table, but not so far impacting the main scenario. With overlaps taking center stage though,
https://www.youtube.com/watch?v=LC-psbz8lNM&ab_channel=AmegaBroker Bringing the expanded flat variation back into the game has proven decent as the SPX plummeted over 4% since the correction high at 4750 in what looks to be a wave 3.
https://www.youtube.com/watch?v=0A8oJ8P59cs&ab_channel=AmegaBroker GOLD kicked the week off on a positive footing 0.22% higher, however, its corrective structure still hints at a triangle. A short-term upside can indeed bring the end of wave B forward.
https://www.youtube.com/watch?v=JQuV2clHYTo&ab_channel=AmegaBroker Oil prices keep rising as the simple zigzag identified sessions ago seems to be playing out. Soon, we will know if this is a triangle. Meanwhile, the yen continues to weaken against
New Covid + Influenza Variation at Spotlight Despite the dollar weakening last week, it rose against the yen as deflation risks remain elevated, the previous BoJ meeting showed. With Omicron cases growing exponentially
https://www.youtube.com/watch?v=0V_hwModC90&ab_channel=AmegaBroker Euro continues to struggle to move higher as it completes a symmetrical triangle. Down 0.25% for the day it nears a breakout validation that could drive eurodollar to $1.11. The prices of
SPX Poised to Prints New All-Time Highs Despite Omicron cases enabling fresh lockdowns, consumer confidence remains undeterred as we draw to the end of 2021. As a result, the US Dollar saw a
