“Be patient with yourself. Self-growth is tender; it’s holy ground. There’s no greater investment.” – Stephen Covey
No fear back in town as we’re back to the normal o/n low liquidity ramps that we are all too familiar with. We have discussed these in detail so suffice to say, we expect the market to be in stairs up/ elevator down mode.
The key question, along with all it implies across all asset classes is: has the DXY put in a tradable bottom for a healthy correction? As we discussed in our weekly outlook video, it would not be surprising, especially now that we have cleared the 91.90s. It’s all about action around this level and the 200WMA, the weekly close is the level to watch, especially with NFP and ISM on Friday.
Note for active 50Scouts members: make sure you keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
As always there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.