I’ve been unable to post any analysis, updates, or new trade ideas since leaving town although just as well since most assett classes continue to consolidate in a sloppy back & forth range, essentially going nowhere all week.
I’ll be returning home from my son’s college orientation tonight & will post any significant developments and/or new trade ideas after I’ve had time to catch up on the charts.
While I continue to favor an upside resolution (breakout) above the recent consolidation range in the major stock indexes, breakdowns below the key support levels highlighted last week still have the potential to trigger another major leg down.
Ditto for the precious metals & Bitcoin (consolidating this week with more upside still likely) while nat gas & crude remain unusually resilient as the negative divergences continue to build.