Out of all longs (including two taken 12 hours prior to this post).
I really don’t like Monday’s (today) candle, particularly in the context of Friday’s candle and last week’s close. Late buyers are sandwiched and that is a source of selling pressure.
In the broader market, breakevens (purple) look like they’re about to roll over. With the Aug 10 CPI (8.5%) printing below the median forecast (first time in 18 months that has happened!), a dire global economic outlook and oil now trading well below $100, the path of least resistance for inflation expectations is lower for now.
My long-term outlook has not changed but I am short here, will reevaluate at 19.83.
I really don’t like Monday’s (today) candle, particularly in the context of Friday’s candle and last week’s close. Late buyers are sandwiched and that is a source of selling pressure.
In the broader market, breakevens (purple) look like they’re about to roll over. With the Aug 10 CPI (8.5%) printing below the median forecast (first time in 18 months that has happened!), a dire global economic outlook and oil now trading well below $100, the path of least resistance for inflation expectations is lower for now.
My long-term outlook has not changed but I am short here, will reevaluate at 19.83.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.