posted somewhere, cant find it--the next stop on the bus for oil on the downside was $84, hit it, sweet
a catalystic event on thursday (before Powell late Sept)-- fed policy across the pond. The monthly candle on UUP was similar to that we saw on GLD in March and USO in March-- that is, an inverse hammer pattern on the higher time frame. Very high probability of reversal-- played out for both gld, uso. Both were goldmines for shorts, remember the days when oil was at $120 , lol . The great thing about candles is that provides red flags BEFORE CNN does , more lol
However this did not happen with UUP. Probability lost here, UUP broke to the upside . Is what it is, alwasys goign to be a game of probability -stack it on your side with as much confluence and watch, all ya can do
Thursday is a binary event, imo )just as Powell two weeks ago was as i mentioned --he crushed the market, he's the straw the stirs the drink ). Either UUP explodes and has a blow off top, crushing metals , miners, equites or she defends the Euro and UUP's vertical run comes to an end ---this would be bullish for miners, metals
i believe gld, slv has been defended as folks r waiting on thursday--all bets r off then , going one way or the other. Again, just my opinion
..............
if someone would have told you Dec 2021 that in 2022 we would see inflation at 30 yr highs -- would you have bought calls on GLD Jan 1 st ?
....im fuckin' crying
BTC broke support , its like no one wants this stuff, .......not even the anarchists ? they have gone quiet ..