There are some parallels taking place to other bottoms we have seen in the equity markets in years past (2009, Covid lows of 2020):
The recent decline in the Chinese Yuan & Shanghai Composite as the US Fed is tightening is reminiscent of 2015.
Many trading participants are speaking about not being able to have an equity bottom without a $VIX spike. Why could this not be the case this time? (Think August 15')
Have the markets brought the most pain to the most people? (Think 60/40 portfolios)
If a 3.25% yield in Treasuries is a short term ceiling, from a technical perspective it shows an inverse Head & Shoulders.
The US Dollar rally has continued to put pressure on Gold & Silver, regardless of any positive news out of China's lockdowns waning.
Keep an eye on June, July & August Inflation numbers. That is what the Fed & Jerome Powell will be paying attention to!
What should you look for in the $QQQ vs $XLP ratio?
Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas!
Free Trial Start Trading with Blue Line Futures Subscribe to our YouTube Channel
Email [email protected] or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!
Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at [email protected] or call us at 312- 278-0500
Like this post? Share it below: