Hey traders, hope everyone had a great week last week and is super charged for the week ahead, albeit holiday shortened! I was personally quite bearish last week and in my weekly plan (link here) I called a test for the recent swing lows at 3800.
I am missing one more pop in dxy. I do think that euro, gbp, aud have unfinished business below recent lows. Also Use/cad is missing one more high. I don't see indexes rallying until that get's taken care of. I know you track currencies, any thoughts ?
Tic thank you as always for ypur hard work. My question is in regards to DIS. What do you see as the content problem exactly. Being a normal consumer i personally love espn dis+. But i do understand i have a bias. Could you please give me insight to what you see as the turning point as content goes. Thank you in advance
I don't see gas prices coming down substantially in the future. Refinery capacity is limited in the US due to lack of investments. Covid / working from home was hiding this for 2 years but now that the demand is back to pre-covid levels and growing it will put pressure on gasoline and diesel prices. Specially on the latter.
As for Bitcoin, it is the only independent crypto currency and its lighting network can handle large number of small transactions fast. Mega transactions will stay on bitcoin layer.
Europe ecb reversed their decision to stop buying sovereign debt so that means euro QE.
That could take some of the pressure off the fed QT plan. I think they can’t do nothing about inflation and they are just pretending til mid terms. That’s one theory at least.
Hi Tic. Thanks again for logically thought out piece. Having participated in crypto since 2016, I have seen my fair share of booms and busts. I completely agree regarding your narrative on bitcoin and the broader technology. Like Druckenmiller said in his Sohn interview, blockchain technology will become part of the fabric of the future. But we need to see utility extend well beyond crypto-to-crypto transfers and actual enterprise use cases. It took me a long time to research and find what I felt could be technology to bridge this gap but I would like you and anyone reading this to seriously consider Hedera (native token is Hbar). I'm not recommending anything here but just merely wanting to share what I deem is the best bet towards addressing all the problems we see today. Love to hear what others think also.
Is your PT beyond 30 for cvna within the next 5 years? 🤔
I am missing one more pop in dxy. I do think that euro, gbp, aud have unfinished business below recent lows. Also Use/cad is missing one more high. I don't see indexes rallying until that get's taken care of. I know you track currencies, any thoughts ?
What does a close over 370 but under 383 say to you?
How do you feel about FDX earnings Thursday
Well done 👏🏻
Tic thank you as always for ypur hard work. My question is in regards to DIS. What do you see as the content problem exactly. Being a normal consumer i personally love espn dis+. But i do understand i have a bias. Could you please give me insight to what you see as the turning point as content goes. Thank you in advance
I don't see gas prices coming down substantially in the future. Refinery capacity is limited in the US due to lack of investments. Covid / working from home was hiding this for 2 years but now that the demand is back to pre-covid levels and growing it will put pressure on gasoline and diesel prices. Specially on the latter.
As for Bitcoin, it is the only independent crypto currency and its lighting network can handle large number of small transactions fast. Mega transactions will stay on bitcoin layer.
https://en.wikipedia.org/wiki/Lightning_Network
What an amazing article.. really appreciate your insights sir
What does D1 time frame mean? Thanks.
Europe ecb reversed their decision to stop buying sovereign debt so that means euro QE.
That could take some of the pressure off the fed QT plan. I think they can’t do nothing about inflation and they are just pretending til mid terms. That’s one theory at least.
But til something like that happens I’m bear LT
Just Newly Subscribed and I was having big smile on my face during the reading.
So insightful and clear guidelines in such tough market, Much appreciated.
Leaning/wishing toward a decent defense of 3700 level this week/days.
12000 in BTC, 3550-3400 S&P target for lows preferably first week in July
Hello, thank you for this week's newsletter.
I did my first S&P500 trading last Thur&Fri, they were all successful thanks to your newsletters!! I hope it will be not very tricky week.
Thanks so very much Tic!
Hi Tic. Thanks again for logically thought out piece. Having participated in crypto since 2016, I have seen my fair share of booms and busts. I completely agree regarding your narrative on bitcoin and the broader technology. Like Druckenmiller said in his Sohn interview, blockchain technology will become part of the fabric of the future. But we need to see utility extend well beyond crypto-to-crypto transfers and actual enterprise use cases. It took me a long time to research and find what I felt could be technology to bridge this gap but I would like you and anyone reading this to seriously consider Hedera (native token is Hbar). I'm not recommending anything here but just merely wanting to share what I deem is the best bet towards addressing all the problems we see today. Love to hear what others think also.