FXI
I went short, I went short too early, it closed above my channel. I have a stop at -30%, if this stop hits, I’m out. Broke my own rules, I suffer the -30% consequences.
SPX
SPX rejected the trendline here, it also lined up with a old demand line. SPX frustrated the shit out of me today, I have no bias anymore on what it’s going to do. Trendline also lined up with 5/9EMA, which was also rejected….if it breaks past at any point, at any time, it will have rocket fuel to piss off every single bear you’ve read on twitter or discord in the past 2 weeks. Think of what’s going on like a coil. No trade for me currently.
BTC
BTC, as expected, see yesterday….nothing to report, just boring bullshit……demand, 5/9EMA, rejecting/touching the 20SMA, yawn. Overall trend is still down.
ETH
ETH another yawn but rejecting off the 5EMA here, not a good sign….might not see the bounce from the demand levels like I thought, interesting thing to watch here
XLF
Finance….we all gotta pay them right? We all have free XYZ accounts instead of %% interest? Safe? Rejecting off the 5EMA.
XLU
Everyone has to pay utilities they’re recession proof? Rejected today off the 50EMA, also slightly lines up with the POC…did close above a trendline….it’s a no play for me right now…..
GLD
I’m personally in the mind frame of “FUCK $GLD” at this point, it isn’t the inflation hedge we were sold in the 80’s….energy is that inflation hedge….not bracelets……but then I see this on the daily…..do we have a triple bottom that I can play or am I just stupid for listening to Peter Schiff?
